notary fees for the establishment of limited liability companies by umkms

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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