Hi, I would be looking for a lawyer in Bali, to set up a partnership agreement between myself and two friends, and also to assist in the formation of a PMA.
Is there some sort of local regulation board for lawyers that could help me find a suitable one?
Would anyone have any recommendations?
you would need to talk to a notary to have contracts legalised...not a lawyer.
don't read between the lines..i think the words are clear enough...:)
Do notaries offer legal advice?
Yes, a notary is the person you should contact to make your agreements and set up your PMA. There are a number of companies that offer this service to foreigners, but they will still be using a notary to set this up. Lawyers get involved if later there is a problem. You can get things checked out by another lawyer, but in the end it will be a notary who does the work and registers your PMA. The same with purchasing land/property. Where are you located as you should be using a notary in the area where you will be registering your business.
Give a man a fish and he will eat for a day. Teach a man to fish and he will sit in a boat drinking beer all day.
Hi, I did my first PMA just with a notary (and a consultant), to be honest I just told them what I want to do in the future, they said no problem and I didn't read through all these papers in Bahasa, I just signed. Now as I have a problem as the right of legal business activity is different (unlike what was promised) I'd use a lawyer for the next time,
5000 $ for a lawyer compare to maybe 2500 - 3000 $ for a consultant, so maybe just 2000 $ more for a PMA who could be worth a lot of money? Lawyers provide you with translated contracts & also responsible...
so basically the notary wasn't at fault, but you since you didn't read what you signed
and a notary will also provide translated contracts, just ask/tell him you want all contracts translated.
The lawyer that you would use next time, also goes to an notary..so basically you would pay 2000 more just for a lawyer to translate something
responsible? meaning?
don't read between the lines..i think the words are clear enough...:)
The business activity of the PMA can be changed. No need to start a new PMA. Still a hassle though. Any notary can do this. Good luck.
PS. Of course it could be that the activity you had in mind is on the restricted list...
The problem is that the regulation for different business activities varies...a consulting PMA for example can fully owned by a foreigner (100 %), a construction / building PMA just 49 / 51 % (around that), so you need indonesian partner (s)....but I heard that these regulation has changed recentlynobody knows anything, I heard the reason for this is that most of the notaries bought all these new lawbooks in 2008 and now don't want to spend money again just because some laws changed....
The negative investment list can be found on the BKPM website, last change was 2010.
http://www.bkpm.go.id/file_uploaded/PPres-36-2010.pdf
Give a man a fish and he will eat for a day. Teach a man to fish and he will sit in a boat drinking beer all day.
Sukumabali, I don't know which notaries you have been talking to, but any decent one will know exactly which activity would be restricted. Fortunately the list is small and generally a foreigner can own 100% of a PMA. The list focuses mostly on agriculture. fisheries, forestry, mining, telcom, and anything that small local businesses can do.