½ûÂþÌìÌÃ

Menu
½ûÂþÌìÌÃ

Sale of PT PMA (consulting) in Bali

Post new topic

jbeerda

Hi,

I am getting quotes in to sell my PT PMA (consulting) in Bali. If you are interested or know of people that want to purchase a PT PMA registered in Bali, please let me know.

I know average market prices from the quotes I have so far, so please no sub market offers.

Best


Joris
Bali

happyhour

jbeerda wrote:

Hi,

I am getting quotes in to sell my PT PMA (consulting) in Bali. If you are interested or know of people that want to purchase a PT PMA registered in Bali, please let me know.

I know average market prices from the quotes I have so far, so please no sub market offers.

Best

Please don't post the same thing various times in different threads. If you are so desperate to sell, would be appreciated to provide more background about the company you wish to sell


Joris
Bali

jbeerda

Hey Happyhour,

I am not desperate to sell, there is enough demand for a PMA (consulting) especially now that the investment requirements are now 100% enforced and people need serious cash to open up a business.

The categories I can choose from are overlapping, hence the double post.

I am looking for a price that covers my initial costs of around 9,000 USD plus an appreciation of the value of a PMA in this very tight market. So, as i said, I am collecting offers,

For the rest not much further info: PMA, in Bali; focus on consulting, all audits and reports up to date; still up and running; managed by agent; can sponsor 6 KITAS

Cheers

happyhour

Hi Joris,

No hard feelings i hope.

It's that your first post somehow looked that you just want to test how much money you get out of it.

How many local people working for you ?

jbeerda

I have no locals working for me Happyhour.

happyhour

Then how can you say that you can sponsor 6 KITAS?

That's not possible, without local counterpart no work permit

jbeerda

Sorry I am afraid you are misinformed. Please check with your agent or lawyer.

Anyway, it doesn't look like you are really interested in the company. If you are, just let me know and make an offer.

Ubudian

Something is a bit odd here.Ìý Tom, I think you’re getting a sense of that too.

When a foreigner sells a PT or PMA to another foreigner, the new foreign buyer essentially starts all over again.Ìý Sure, some of the business licenses needed by the originating PT or PMA can be transferred, but, the new foreign buyer has to go though all the application and registration processes of the PT/PMA of the original buyer.Ìý The new owner/foreign investor cannot be simply “transferredâ€, as could be some of the required business licenses.

Unless the existing PT/PMA is holding significant assets, such as long term existing land leases, equipment, inventory, etc. there is no point in buying an existing PT/PMA.

happyhour

jbeerda wrote:

Sorry I am afraid you are misinformed. Please check with your agent or lawyer.

Anyway, it doesn't look like you are really interested in the company. If you are, just let me know and make an offer.


No need to check with an agent or lawyer, I am to long in this business already.

It's simply not possible to get a work permit granted for a foreigner if there is no local counterpart (transfer of knowledge) even a PMA/PT must follow the rules. If in theory all 6 KITAS/IMTA holders are directors in the company still you will need to have local staff.

Also you need to proof that enough capital is stated in the AKTA as otherwise no chance to get things thru.

happyhour

Ubudian wrote:

Something is a bit odd here.Ìý Tom, I think you’re getting a sense of that too.

When a foreigner sells a PT or PMA to another foreigner, the new foreign buyer essentially starts all over again.Ìý Sure, some of the business licenses needed by the originating PT or PMA can be transferred, but, the new foreign buyer has to go though all the application and registration processes of the PT/PMA of the original buyer.Ìý The new owner/foreign investor cannot be simply “transferredâ€, as could be some of the required business licenses.

Unless the existing PT/PMA is holding significant assets, such as long term existing land leases, equipment, inventory, etc. there is no point in buying an existing PT/PMA.


That's true Roy, you are better off starting from the scratch and all clean also how come it is managed by agents ?

Don't think there are any assets (consulting)

Ubudian

Well Tom, I don't want to come right out and disparage this poster, jbeerda, but those words, "hati hati" went off in my mind while reading this thread.

And there are those common sense considerations…such as, why would a presumably long standing expat be soliciting the sale of his or her business on an expat forum they just recently joined, and wherein the information provided about that business is so sketchy?Ìý

I’ve personally been deeply involved in the sale of expat held businesses to another expat over my long years here…and none of them involved forums…or the internet, in any manner aside from email.

jbeerda

Wow, you guys are really suspicious ha ha.

Why should I register on this blog if I never had to use it before? When you want to sell something you go to the boards where people exchange info about these things, like this ½ûÂþÌìÌÃ. Then you register, because you have to before you can send a post.

There is nothing sinister about my post nor my intentions. I am just trying to sell the PMA that's all.

And it has become a lot more difficult to get a PMA and especially a PMA for consulting at least in Bali. Ask around if you want. And if you don't want, also fine with me. Good luck with the process (and of course you need to show added value for a KITAS, you always have to, so without University Degree don't do it), I can guarantee you it will take a LOT longer nowadays than before.

I have a KITAS under the company as Director and yes the people who get a KITAS will also be director. And of course you need revenue to back that up and local staff. We all know how easy the latter is to arrange in Indonesia.

Anyway, enough about this. I have a few interested people now and I am sure I will work something out with them and their legal people.

cheers

Joyce sudarto

Hi, I'm a notary, I have a client who is interested to havve PMA consulting company, what kind of consulting?when was it established? Is it 100 percent foreign ownership?

Fred

Octalyis

ladymeiko

Is ur PT PMA still available or already sold out? how much u will sell?

mick swagger

all bule is suspect
seems to be no trust amongst us

happyhour

Sounds harsh....but forget it working in Indonesia as a fitness in structure, you will not get a work permit. Also working providing massage will not work.

Only if you have special skills what locals don't have you may get a work permit. Anything else (other visas) will be illegal!!

mick swagger

yes i know Happyhour
i wont be doing massage, but with personal fitness, i will haveÌý old ladies, on outcall work
its not enough for a visa i know,i will be running health programs
and life changing advise, as well as fruit and vegetable drinks
fitness comes with it because its the body as well as the mind

happyhour

Noted Mick, still I think there are a lot of issues to sort out before.

Fred

This is an old thread and all posts from this year are off topic anyway. Perhaps closing it would be a good idea.

Priscilla

Hi everybody,

This thread is indeed an outdated one.
We are therefore closing it.

Thanks all,

Priscilla

[ Topic closed ]

Closed

Articles to help you in your expat project in Bali

  • Banking in Indonesia
    Banking in Indonesia

    Upon moving to Indonesia, you may need to open a local bank account. This will definitelyÌýallow you to better ...

  • Working in Bali
    Working in Bali

    The multi-faceted island of Bali offers many opportunities for those who wish to move fromÌýtourist to ...

  • Accommodation in Bali
    Accommodation in Bali

    If you are planning to relocate to Bali, housing is a critical part of your project. So how to findÌýyour ...

  • Studying in Bali
    Studying in Bali

    Even if Bali is renowned as a major tourist destination, the island is by no means limited to itsÌýidyllic ...

  • Buying property in Bali
    Buying property in Bali

    Should your experience as an expatriate in Bali make you want to settle down permanently, youÌýmight want ...

  • Making friends in Bali
    Making friends in Bali

    Being an expat in Indonesia can be a daunting experience. Everything from the language barrier and the culture ...

  • Bali's labour market
    Bali's labour market

    With its idyllic beaches, lush mountain ranges and charming smiles, it's impossible not to fall ...

All of Bali's guide articles