Individual Company (PT Perorangan) for Micro and Small Enterprises
An innovative corporate format introduced by the Job Creation Law (UU Cipta Kerja) allowing a single Indonesian citizen to establish a limited liability legal entity without a notarial deed.
Step-by-Step Formation Process
Mandatory Documents Required
Key Benefits
Extremely low cost, no notary fee required, provides legitimate corporate veil protecting personal assets from business liabilities, qualifies for UMKM preferential tax rates (0.5% final PPh).
Pitfalls to Avoid
Obligation to submit annual electronic financial statements to AHU Online; exceeding IDR 5 Billion in assets necessitates conversion into a standard multi-shareholder PT.
Statutory Summary
- Capital Requirement:
- Maximum capital ceiling of IDR 5 Billion (reserved specifically for micro and small businesses). No minimum threshold.
- Estimated Timeline:
- 7-14个工作日
- Shareholder Restrictions:
- Strictly 1 (one) Indonesian individual who serves simultaneously as the sole shareholder and director.
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