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In order to find out what business requirements are mandatory for Limited Company A (&ldquo;A Ltd.&rdquo;) in order to be able to carry out its business activities, namely limestone trading, you first need to know the level of business risk. In Indonesia, risk-based business licensing is currently applicable.

Please read the review below for a further explanation.

Limestone Trading Business License and its KBLI Code

In substance, there are no provisions that prohibit beer products from promoting their products by giving gifts in the form of beer for every purchase of a certain amount of beer.

Meanwhile, regarding promotional provisions, registered importers of alcoholic beverages, distributors, sub-distributors, direct sellers, and retailers are prohibited from advertising alcoholic beverages in any mass media.

Please read the review below for a further explanation.

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Alcoholic Beverage Sales and Promotions Conditions

Michael Agustin & Partners (MA&P Lawyers)

Tanggung jawab sosial dan lingkungan (&ldquo;TJSL&rdquo;) adalah komitmen perseroan/badan usaha untuk berperan serta dalam pembangunan ekonomi berkelanjutan guna meningkatkan kualitas kehidupan dan lingkungan yang bermanfaat, baik bagi perseroan sendiri, komunitas setempat, maupun masyarakat pada umumnya. 
Lantas, apakah koperasi dan perbankan wajib melaksanakan TJSL? Apa saja hal-hal yang perlu diperhatikan dalam pelaksanaan TJSL?

Penjelasan lebih lanjut dapat Anda baca ulasan di bawah ini.

Apakah Koperasi dan Perbankan Wajib Melaksanakan CSR/TJSL?

According to the Regulation of the Minister of Law and Human Rights 3/2016, a company/society is a legal entity in the form of a group of people to realize certain common aims and objectives in the social, religious, and humanitarian fields and does not distribute profits to its members.&quot;

Then what about associations, are associations the same as societies? And what is the procedure for the establishment?

Please read the review below for a further explanation.

Similarities between Association and Company/Society and Their Establishment Procedures 

Currently, provisions on business licensing are stipulated under Government Regulation 5/2021 which is referred to as risk-based business licensing.

In relation to your question, it is mentioned that contractors will be carrying out the construction work, therefore, according to our research, this is a civil mining building construction business type, with the code 42916 according to Indonesian Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia/ &ldquo;KBLI&rdquo;). What are the required business licenses?

Please read the review below for a further explanation.

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Mining Construction Business and the Number according to KBLI 

Pusat Kajian Hukum Bisnis FH Unair

The stages of forming a contract consist of pre-contract, contract formation, and contract execution. In the process of pre-contract and establishment of a contract, there is a process of planning, designing, drafting the framework, and elaborating the contents of the contract.

Meanwhile, there are three elements of a contract, namely essentialia, naturalia, and accidental elements. What are the explanations?

Please read the review below for further explanation.

Elements and Stages of Contract Establishment

There are several aspects that can be considered to determine whether Binomo is legal in Indonesia or not, one of which is whether there is a brokerage license from the Commodity Futures Trading Regulatory Agency (&ldquo;CoFTRA&rdquo;).

Referring to the Futures Brokers page, Binomo is not registered as a list of futures brokers who have obtained license numbers from CoFTRA.

If a broker or futures broker does not have a business license, then the broker or futures broker is not legal according to the law.

Please read the review below for a further explanation.

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Is Binomo legal in Indonesia?

Higher Education Institutions (&ldquo;HEI&rdquo;) of foreign countries may organize Higher Education in the territory of the Republic of Indonesia, on record that it has been accredited and/or acknowledged in their country.

In addition, universities must also meet the requirements, namely obtaining a license from the Government, using a non-profit principle, cooperating with Indonesian Universities with a permit from the Government, and prioritizing Indonesian lecturers and educational staffs.

Please read the review below for a further explanation.

Are Foreign Universities Allowed to Operate in Indonesia?

There are several different opinions regarding the lawful or unlawful use of cryptocurrencies among scholars and economists. In Indonesia, the Indonesian Ulema Council (Majelis Ulama Indonesia/ &ldquo;MUI&rdquo;) has issued a fatwa, which explains that the use of cryptocurrency as a currency is unlawful. Meanwhile, the use of cryptocurrency as commodity assets may or may not be legally traded, for it depends on the characteristics of the cryptocurrencies, whether they meet sharia requirements or not.

Please read the review below for a further explanation.

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Cryptocurrency, Lawful or Unlawful?

There is basically no obligation for you to register a business entity in the form of a Trading Business (Usaha Dagang/ &ldquo;UD&rdquo;). Therefore, there are no legal consequences if you do not establish a UD and register it. However, the establishment of a UD serves as a business identity, and its deed of the establishment will in practice make it easier for your business to cooperate with big companies or government agencies.

Regardless of whether registration is not required, you should pay attention to the business license obligations under Government Regulation 5/2021. Is a trading business license required?

Please read the review below for a further explanation.

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