Notary Fees for the Establishment of Limited-Liability Companies by UMKMs
In a bid to enhance Indonesia's ease-of-doing-business ranking, to improve life for its small and medium-sized companies and to therefore attract more investment into the country, the
government introduced its 12th economic-policy package last year, which in essence aims to simplify procedures, as well as reduce the various costs involved in the establishment of limited-liability companies, specifically micro-, small- and medium-scale enterprises.
In line with said policy, the Ministry of Law and Human Rights Regulation ( Ministry ) has issued Regulation No. 3 of 2017 on Legal Service Fees for Notaries for the Establishment of Limited-Liability Companies by Micro-, Small- and Medium- Scale Enterprises (
Regulation 3/2017
). Regulation 3/2017 is aiming to ensure a greater ease of doing business for micro-, small- and medium-scale enterprises (
usaha mikro, kecil dan menengah
UMKM
) by setting thresholds for the various service fees which may be imposed by notaries upon UMKM in relation to the establishment of their businesses in form of limited-liability companies. Regulation 3/2017 has been in force since 31 March 2017.
Source: Indonesian Legal Brief, www.en.hukumonline.com
, 2 May 2017
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