Hi everyone. Below is what I wrote about myself when registering.
Came to Indonesia to work 30 years ago, married an Indonesian wife 2 years later. Have been here since, started my own PMA company more than 20 years ago. Sponsored by my own company, will switch to spouse sponsor when I retire after business & factory sold (not for sale yet).
So I have a company sponsored lifetime (investor) KITAP, is it truly "lifetime" or as long as my company exists? What happens if I retire and sell my business? What happens if I just resign from executive or non-executive positions (as director or commissioner) but retains majority share ownership in the company (company exists but I'm "jobless" without any position)? Is that allowed under Investor KITAP (no position, just shareholder)?
On the flip side, if I switch sponsorship to my wife NOW, can I work in my own company as director or commissioner without work permit? Note: I founded the company, shares are in my name, not my wife. The other shareholder is minority and not related to me (foreigner not living in Indonesia).
Came to Indonesia to work 30 years ago, married an Indonesian wife 2 years later. Have been here since, started my own PMA company more than 20 years ago. Sponsored by my own company, will switch to spouse sponsor when I retire after business & factory sold (not for sale yet).
So I have a company sponsored lifetime (investor) KITAP, is it truly "lifetime" or as long as my company exists? What happens if I retire and sell my business? What happens if I just resign from executive or non-executive positions (as director or commissioner) but retains majority share ownership in the company (company exists but I'm "jobless" without any position)? Is that allowed under Investor KITAP (no position, just shareholder)?
On the flip side, if I switch sponsorship to my wife NOW, can I work in my own company as director or commissioner without work permit? Note: I founded the company, shares are in my name, not my wife. The other shareholder is minority and not related to me (foreigner not living in Indonesia).