Articles Of Incorporation For One Person Corporation Template for Indonesia

Articles of Incorporation For One Person Corporation is a crucial legal document required when establishing a company with a single shareholder in Indonesia. This corporate structure became available following the implementation of the Job Creation Law (Omnibus Law) in 2020, which amended the Company Law No. 40 of 2007 to allow for one-person corporations. The document serves as the company's constitutional foundation, detailing essential aspects such as company identity, business objectives, capital structure, and governance framework. It must be prepared in Indonesian language, notarized, and registered with the Ministry of Law and Human Rights. This document type is particularly relevant for entrepreneurs, small business owners, and foreign investors looking to establish a presence in Indonesia through a simplified corporate structure. The incorporation process requires compliance with various regulations, including minimum capital requirements and business activity classifications under the Indonesian Standard Industrial Classification (KBLI).

1. Name and Domicile: States the company's legal name, abbreviation if any, and registered address

2. Purpose and Objectives: Defines the business activities and scope of operations

3. Duration: Specifies the period of establishment (typically unlimited)

4. Capital Structure: Details of authorized capital, issued capital, and paid-up capital

5. Shares: Description of share classification, rights, and transfer provisions

6. Sole Shareholder Declaration: Declaration and details of the single shareholder

7. Management Structure: Details of Director appointment, duties, and powers

8. Shareholder Decisions: Procedures for decision-making by the sole shareholder

9. Annual Reports and Financial Statements: Requirements for financial reporting and accountability

10. Use of Profits and Dividend Distribution: Provisions for profit allocation and dividend payment

11. Dissolution and Liquidation: Procedures for company dissolution and asset distribution

12. Closing Provisions: Final clauses and compliance with regulations