What is the Companies Registry (CR)?
The Companies Registry (CR) in Indonesia is a comprehensive repository of detailed information about Indonesian companies. This valuable data is extracted from the Ministry of Law and Human Rights, offering a crucial resource for anyone, especially foreigners, looking to engage in business activities within the country.
As a foreign investor or businessperson, understanding the Companies Registry can be instrumental in making informed decisions. This service enables you to conduct thorough research and background checks before entering into agreements or partnerships. The report obtained from the registry includes vital details such as:
Company status and details like legal entity type, status, list of business activities, domicile and date of deed revisions.
Capital and shareholder details, including list of shareholders, directors, commissioners, and amount of authorised and paid-up capital.
History of the Company, including all changes in the deed, capital, and shareholders, directors, and commissioners.
Why Conduct a Company Registry Search in Indonesia?
Conducting a Company Registry search in Indonesia is a prudent step for various reasons. This process, facilitated by trusted entities like 3E Accounting, provides reliable information for making sound business decisions. Here’s why it matters:
Minimising Risk
Before engaging with a company, gaining insights into its background helps minimise credit risks and ensures informed decision-making.
Improving Knowledge Base
Accessing detailed information enhances your understanding of customers, competitors, and suppliers, contributing to better strategic planning.
Benchmarking and Monitoring
Stay informed about market competitors, benchmark your position, and monitor changes in the business landscape.
Financial Risk Mitigation
Identify potential financial risks by gauging a company’s creditworthiness and checking for bankruptcy filings or pending lawsuits.
In summary, the Companies Registry in Indonesia is a vital tool for those looking to engage in business within the country. Utilising this resource wisely ensures a comprehensive understanding of potential partners and contributes to making well-informed business decisions.
