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Articles Of Incorporation (Real Estate)

Articles Of Incorporation (Real Estate) Template for Indonesia

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Articles Of Incorporation (Real Estate)

"I need Articles of Incorporation (Real Estate) for an Indonesian property development company being established in March 2025, with three founding shareholders and plans for multiple residential projects in Jakarta and Bali."

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Document background
Articles of Incorporation (Real Estate) are essential founding documents required when establishing a real estate company in Indonesia. This document is necessary for legal registration with the Ministry of Law and Human Rights and must comply with Law No. 40 of 2007 on Limited Liability Companies. It establishes the company's legal existence, outlines its real estate development and management activities, and defines the organizational structure. The document typically includes specific provisions for property development, management, and investment activities, while ensuring compliance with Indonesian foreign investment restrictions and property ownership regulations. It serves as the primary reference for corporate governance, shareholder rights, and operational guidelines throughout the company's existence.
Suggested Sections

1. Company Identity and Name: Legal name of the company, form of entity, and domicile

2. Purpose and Objectives: Detailed description of business activities and scope, specifically focusing on real estate development, management, and related activities

3. Duration: Period of establishment (typically unlimited)

4. Capital Structure: Details of authorized, issued, and paid-up capital, including number and types of shares

5. Shares: Share classifications, rights, and transfer provisions

6. General Meeting of Shareholders: Procedures for conducting GMS, voting rights, and quorum requirements

7. Board of Directors: Composition, appointment, duties, authorities, and responsibilities of directors

8. Board of Commissioners: Composition, appointment, duties, and authorities of commissioners

9. Annual Reports and Distribution of Profits: Provisions for financial reporting and dividend distribution

10. Dissolution and Liquidation: Procedures for company dissolution and asset liquidation

Optional Sections

1. Foreign Investment Provisions: Special provisions required when the company has foreign ownership, including compliance with negative investment list

2. Property Development Standards: Specific standards and requirements for property development projects

3. Environmental Compliance: Special provisions for environmental protection and sustainability in real estate development

4. Special Rights Shares: Provisions for special rights shares if applicable

5. Branch Offices: Provisions for establishing and managing branch offices

6. Corporate Social Responsibility: Specific CSR commitments and implementation

7. Shareholder Loans: Provisions governing loans from shareholders to the company

Suggested Schedules

1. Share Ownership Details: Complete list of initial shareholders and their shareholding percentages

2. Initial Board Members: Details of initial Board of Directors and Board of Commissioners members

3. Capital Structure Details: Detailed breakdown of company's capital structure

4. Business Activities: Comprehensive list of planned business activities under KBLI (Indonesian Standard Industrial Classification) codes

5. Property Assets: Initial list of property assets owned or managed by the company

6. Shareholder Information: Detailed information about shareholders including ID/passport numbers and tax registration numbers

7. Supporting Permits: List of required permits and licenses for real estate operations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Articles of Association
Authorized Capital
Board of Commissioners
Board of Directors
Business Activities
Company
Corporate Address
Deed of Establishment
Directors
Dissolution
Dividend
Financial Year
General Meeting of Shareholders
Independent Commissioner
Issued Capital
KBLI (Indonesian Standard Industrial Classification)
Limited Liability Company
Ministry of Law and Human Rights
Nominal Value
Notarial Deed
Paid-up Capital
Property Assets
Property Development Rights
Property Management Services
Quorum
Real Estate Activities
Register of Companies
Register of Shareholders
Related Parties
Share Certificate
Share Classification
Shareholders
Special Resolution
Subsidiaries
Transfer of Shares
Voting Rights
Clauses
Name and Status
Domicile
Duration
Purpose and Objectives
Capital Structure
Share Issuance
Share Transfer
General Meeting of Shareholders
Board of Directors Authority
Board of Commissioners Oversight
Management Structure
Financial Statements
Profit Distribution
Reserve Funds
Business Activities
Property Development Rights
Asset Management
Corporate Governance
Shareholder Rights
Voting Rights
Dividend Rights
Pre-emptive Rights
Amendment Procedures
Merger and Acquisition
Dissolution and Liquidation
Dispute Resolution
Corporate Social Responsibility
Environmental Compliance
Property Management
Foreign Investment
Regulatory Compliance
Relevant Industries

Real Estate Development

Property Management

Construction

Property Investment

Commercial Real Estate

Residential Real Estate

Industrial Real Estate

Real Estate Consulting

Property Technology

Urban Development

Infrastructure Development

Relevant Teams

Legal

Corporate Secretariat

Real Estate Development

Property Management

Investment

Compliance

Board of Directors

Corporate Governance

Risk Management

Business Development

Operations

Relevant Roles

CEO

Managing Director

Legal Counsel

Corporate Secretary

Real Estate Development Director

Property Manager

Investment Director

Compliance Officer

Board Member

Real Estate Operations Manager

Project Director

Company Director

Risk Manager

Corporate Governance Officer

Business Development Manager

Industries
Law No. 40 of 2007 on Limited Liability Companies: The fundamental law governing company establishment in Indonesia, including requirements for Articles of Association, corporate structure, shareholder rights, and company registration procedures
Law No. 25 of 2007 on Investment: Regulates foreign and domestic investment in Indonesia, including restrictions and requirements for foreign ownership in real estate companies
Government Regulation No. 24 of 2018 on Online Single Submission: Covers the electronic business licensing system and requirements for business registration in Indonesia
Law No. 5 of 1960 on Basic Agrarian Law: Fundamental law governing land rights and property ownership in Indonesia, crucial for real estate companies
Government Regulation No. 103 of 2015: Regulates house ownership by foreigners domiciled in Indonesia, important for real estate companies dealing with foreign buyers
Law No. 20 of 2011 on Apartments: Specific regulations regarding apartment development and ownership, essential for real estate companies involved in apartment projects
Law No. 28 of 2002 on Buildings: Regulates building construction, safety requirements, and permits necessary for real estate development
Ministry of Trade Regulation No. 8 of 2020: Covers trading business licensing requirements, including for real estate trading activities
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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