Have you ever dreamed of owning your own company without having to work with many people?
Or maybe you’re looking for a simpler way to set up a business entity without having to share ownership?
If so, an Individual PT can be the best solution for you.
Moreover, with Job Creation Law the new law, how to set up an Individual Company easier and more affordable.
Check out this article for the full details!
What is an Individual Company?
Individual PT, in accordance with Law Number 11 of 2020 concerning Job Creation, is a business entity in the form of a Limited Liability Company (PT) that is owned and managed by one person.
This concept exists in Government Regulation Number 8 of 2021 concerning the Authorized Capital of Limited Liability Companies.
In this regulation, Individual PT means a form of PT by an Indonesian citizen (WNI) who establishes micro and small businesses.
Other legal arguments regarding Individual PTs are:
- Article 109 paragraph (1) of the Job Creation Law amends the provisions in Law Number 40 Year 2007 on Limited Liability Companies (UUPT), allowing one person to establish a PT.
This is one of the significant changes that introduced the concept of Individual PT, making it easier for small and micro businesses. - Article 153A of the Company Law, an amendment of the Job Creation Law, states that “A Limited Liability Company may be established by 1 (one) person,” where this owner also acts as the sole shareholder and manager of the company.
- Article 7 paragraph (7) of the UUPT states that an Individual PT is established with a statement of establishment, which is different from a regular PT that requires a notarial deed.
This makes the process of establishing an Individual PT simpler and more affordable.
With its legal entity status, an Individual PT provides a clear separation between the owner’s personal assets and the company’s assets.
This provides the advantage of stronger legal protection than other sole proprietorship companies such as CV.
So with the Job Creation Law, the Indonesian government facilitates the ease of doing business through the establishment of a simpler Individual PT.
What is the difference between an Individual Company and a Regular Company?
Although both are in the form of a Limited Liability Company, there are some fundamental differences between an Individual PT and a regular PT.
The main difference is the number of shareholders.
A regular PT requires a minimum of two shareholders, while an Individual PT only requires one.
In addition, Individual PTs are usually intended for micro and small businesses, while regular PTs can cover medium to large businesses.
In terms of management, a regular PT has a more complex organizational structure with directors and commissioners, while an Individual PT is simpler because all decisions are made directly by the owner.
Advantages of Establishing an Individual Company
There are many benefits that you can get by setting up an Individual Company.
Some of them are:
1. Full control
Since there is only one shareholder, all decisions are in your hands as the owner.
There is no need for debate or consultation with other parties.
2. Legal protection
As a legal entity, an Individual PT provides better legal protection than non-incorporated business forms such as CV or firm.
This means that your personal assets will be separate from the company’s assets.
3. Easier establishment process
With the Job Creation Law, the process of establishing an Individual PT becomes faster and more affordable.
4. Smaller capital
Unlike a regular PT which requires a larger capital, an Individual PT is designed for micro and small businesses so the capital required is lower.
5. Flexibility
Individual PTs provide flexibility in operations and management, suitable for entrepreneurs who want to move quickly without complicated bureaucracy.
Read also: What is a Company CV and How does it Work?
What is the minimum capital for an individual company?
Based on the Job Creation Law, the minimum capital to establish an Individual PT is in accordance with the entrepreneur’s ability.
This means that the minimum capital can be very affordable for small business owners.
However, it is important to note that this minimum capital can differ depending on the type of business you run.
Make sure you prepare enough capital to start a business!
What are the requirements for an individual company?
Before you set up an Individual PT, there are several requirements that you need to fulfill.
Here are some of the main requirements:
- Indonesian Citizen
- Micro and small businesses with a maximum turnover of IDR 5 billion per year
- Individual PTs only require one shareholder and do not require commissioners
- Minimum capital in accordance with the ability of business actors
- Complete legal documents
Read also: How to Easily Make SIUP Online
How to Establish an Individual Company According to Job Creation Law
Establishing an Individual Company is not as complicated as you might think.
Here are the steps you can follow:
1. Prepare documents
Make sure you have prepared documents such as KTP, NPWP, and other supporting documents.
2. Create a deed of establishment
Although PT Perangan Pribadi is simpler, you still have to make a deed of establishment with the help of a notary.
3. Register at AHU online
Register your Individual PT through the online Administration of Public Law (AHU) system.
4. Make PNBP payment
After registration, you need to pay Non-Tax State Revenue (PNBP) according to the applicable provisions.
5. Get a certificate
After all the processes are completed, you will get a certificate of establishment of an Individual PT.
How Long Does it Take to Establish an Individual Company?
The government has provided AHU Online (General Legal Administration) for the establishment of business entities.
Therefore, the process required is certainly faster.
In general, here are the full details:
1. Document Collection and Preparation
This first stage involves collecting documents such as KTP, NPWP, and other supporting documents.
If all documents are complete, this process can be completed within 1-2 days.
2. Online Registration at AHU
After filling in data and uploading documents, the verification process by the system can take about 1-3 working days.
3. Payment of PNBP (Non-Tax State Revenue)
After registration, you will need to make a PNBP payment.
This stage usually only takes 1 working day.
4. Issuance of Certificate of Establishment of Individual Company
After payment is completed, the certificate of establishment of the Individual PT will be issued by the Ministry of Law and Human Rights through the AHU system.
If there are no problems or revisions in the documents, you can receive this certificate within 1-2 working days.
So, in total, the process of establishing an Individual PT can be completed in 3 to 7 working days provided that all documents are complete and there are no technical obstacles or revisions.
If you use the services of a third party, such as Contract Law, they can help speed up the process and take care of all these steps for you.
That’s the complete guide tohow to set up an Individual PT in accordance with Job Creation Law the latest.
With this information, you are now better equipped to start your business journey.
Want to Have a Dream Company?
Contact Contract Law!
If you are still confused about the process of establishing an Individual PT or need further guidance, Contract Law is the best solution for you! With a team of experienced experts, Kontrak Hukum is ready to help you realize your dream of owning your own company.
Not only that, they will also ensure that all your company’s legal procedures are in accordance with applicable regulations.
Don’t wait any longer, contact Ask KH through this link and start your journey to success!. Get a free consultation at Tanya KH or send a direct message (DM) to Instagram @kontrakhukum. Kontrak Hukum also invites you to join the Business Community, a gathering place for entrepreneurs and business people to share important information about legality and licensing. The best part? It’s free and open to everyone! Don’t miss this opportunity, register now through
