100% PMA

Hunabku

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Dec 5, 2019
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20
Hi. I am curious if it's possible to establish 100% PMA of realestate company with zero paid up capital?
 

Hunabku

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Dec 5, 2019
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Really? Little bird told me that's possible. Just make the statement letter that mention the shareholders has paid certain amount then legalize that to the notary, in fact the capital is zero.
 

jstar

Mr. 10,000
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Jul 31, 2016
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4,305
In some sectors that’s possible, not all. Let’s say that normally of the total of 10 billion, between 25 and 35% needs to be paid. As shareholder of the PT PMA you can sign a Capital Statement Letter in which you declare (and promise) that you are able and will transfer the capital which should be paid. So you state you’re solvent without ever doing it.
 

centurion

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Cager
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Aug 20, 2016
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The statement says that you will pay the capital, meaning your obligation will be recorded in the company's balance sheet as receivables from shareholders.
 

Hunabku

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Dec 5, 2019
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What will happen if 100% PMA in realestate business established with zero capital? Is it gonna be closed by the applicable law or what?
 

Hunabku

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Joined
Dec 5, 2019
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In some sectors that’s possible, not all. Let’s say that normally of the total of 10 billion, between 25 and 35% needs to be paid. As shareholder of the PT PMA you can sign a Capital Statement Letter in which you declare (and promise) that you are able and will transfer the capital which should be paid. So you state you’re solvent without ever doing it.

The promise seems like tomorow never comes as no capability to paid the share. Just wanna try the luck. Hit & run. As soon as the villas constructions completed then its gonna be sell out. Obviously the share. Just hit & run.

The funds of villas constructions are from the Client/Investor. The Client/Investor required to pay deposit upfront.

How long its gonna be safe until the authorities found out?
 

Hunabku

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Dec 5, 2019
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Naaa. No interest on doing that. Just curious as I heard that happened in "new Bali"
 

Hunabku

Member
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Dec 5, 2019
Messages
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In some sectors that’s possible, not all. Let’s say that normally of the total of 10 billion, between 25 and 35% needs to be paid. As shareholder of the PT PMA you can sign a Capital Statement Letter in which you declare (and promise) that you are able and will transfer the capital which should be paid. So you state you’re solvent without ever doing it.

My understanding is just simple. Any transactions would be traceable either from cash or bank transactions. With that BIG amount of $$ it should be stated on the bank statement at the time of the PMA established, even just minimum capital which is 25%. If no then how will they run the business. Needs $$ to make $$.
 

Hunabku

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Dec 5, 2019
Messages
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The statement says that you will pay the capital, meaning your obligation will be recorded in the company's balance sheet as receivables from shareholders.

That obviously could be a trigger for the authorities to close the company & taken over the assets, by law. Not to mention the owner of the company will be deported & blacklisted.
 

Ruserious

Well-Known Member
Joined
Aug 31, 2016
Messages
258
More bullshit trying to trick the law. The Bali real estate has enough dodgy deals going on without encouraging more of this crap.
 

Hunabku

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Dec 5, 2019
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This one happened in Bali too;

 

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