Document background
The Articles of Agreement LLC is an essential document required when establishing a limited liability company (Perseroan Terbatas) in Indonesia. This document serves as the company's constitutional foundation and must comply with Law No. 40 of 2007 on Limited Liability Companies and related regulations. It is used during the initial company registration process and remains a reference throughout the company's existence, containing crucial information about capital structure, shareholder rights, management framework, and business activities. The document must be drafted in Indonesian language and executed before an Indonesian notary public, after which it requires approval from the Ministry of Law and Human Rights. It's particularly important for both domestic and foreign investors as it establishes the basic rules and structures that will govern the company's operations in Indonesia.
