A PT Local (Perseroan Terbatas Lokal) is a limited liability company in Indonesia that is owned 100% by Indonesian citizens or Indonesian legal entities. It is the standard company type for Indonesians and is the most common business entity used in the country.
Ownership
✔ Must be 100% Indonesian-owned.
✔ Foreign individuals or foreign companies cannot own shares.
Company Structure
A PT local must have minimum 2 shareholders
✔ 1 as the Director
✔ 1 as the Commissioner Shareholders can be:
✔ Individuals (WNI)
✔ Other Indonesian companies
Capital
No strict minimum capital requirement.
With this PT Local you can:
✔ Fully own and operate a business in Indonesia as an Indonesian citizen.
✔ Conduct business activities across various sectors within Indonesia.
Prohibited Activities
❌ Have foreign ownership; must be owned entirely by Indonesian citizens.
❌ Engage in certain sectors reserved for foreign investment.