Hey people, I'm new to all this and recently brought into KRM
I have a business in West Sumatra,
bit confused with the 51% of the company has to be held in a Indonesian persons name. to me this sounds like its setup as a CT company, which is domestic company in Indonesia.
the company I am involved in has moved from a CT company 15 yrs ago, into a foreign investment company PT, then into a PMA company which is a foreign investment company in Indonesia.
The PT or PMA company is 95% foreign owned and 5% Indonesian owned
just wondering why the 51% owned company can't be moved into a foreign investment company where KRM owns 95% stake.
that's my understanding of how the foreign investment companies work in Sumatra and or Indonesia.
bit confused sorry?
KRM Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
