{"id":3997,"date":"2026-06-27T14:33:58","date_gmt":"2026-06-27T07:33:58","guid":{"rendered":"https:\/\/prasetyolawoffice.com\/beneficial-owner-en\/"},"modified":"2026-07-02T17:47:43","modified_gmt":"2026-07-02T10:47:43","slug":"beneficial-owner-en","status":"publish","type":"post","link":"https:\/\/prasetyolawoffice.com\/id\/beneficial-owner-en\/","title":{"rendered":"Beneficial Ownership in Indonesia: Legal Framework, Identification, and Corporate Obligations"},"content":{"rendered":"
\ud83c\uddee\ud83c\udde9 Baca artikel ini dalam Bahasa Indonesia:<\/strong> Pemilik Manfaat (Beneficial Owner) \u2192<\/a><\/div>\n

Client Alert \u00b7 Corporate Law \u00b7 Prasetyo Law Office \u00b7 2026<\/strong><\/p>\n

\n

Legal Basis<\/h2>\n
    \n
  • Presidential Regulation No. 13 of 2018 (Perpres 13\/2018)<\/li>\n
  • Minister of Law Regulation No. 2 of 2025 (Permenkum 2\/2025)<\/li>\n
  • Financial Services Authority Regulation No. 8 of 2023 (POJK 8\/2023)<\/li>\n<\/ul>\n

    Introduction<\/h2>\n

    The concept of Beneficial Owner (BO)<\/strong> has become increasingly significant in Indonesia’s legal and financial landscape. Driven by FATF international recommendations, identifying and disclosing beneficial ownership is now a key instrument in preventing money laundering and terrorism financing.<\/p>\n

    Definition of Beneficial Owner<\/h2>\n

    FATF defines a beneficial owner as the natural person who ultimately owns or controls a customer, or on whose behalf a transaction is conducted \u2014 encompassing ultimate effective control<\/strong>.<\/p>\n

    Under Perpres 13\/2018 (Article 1(2))<\/strong>, a Beneficial Owner is a natural person who can appoint or dismiss directors\/commissioners; has ability to control the corporation; receives benefits from the corporation directly or indirectly; or is the actual owner of funds invested in the corporation.<\/p>\n

    Corporations Subject to BO Obligations<\/h2>\n

    Under Perpres 13\/2018, obligations apply to: PT, Yayasan, Perkumpulan, CV, Firma, Cooperatives, and other business entities.<\/p>\n

    Criteria for Identifying a Beneficial Owner<\/h2>\n

    A natural person qualifies as BO if they meet one or more<\/strong> of the following:<\/p>\n

      \n
    1. Owns shares of 25% or more<\/strong> (direct or indirect)<\/li>\n
    2. Holds voting rights of 25% or more<\/strong><\/li>\n
    3. Receives 25% or more of profits<\/strong> or assets upon dissolution<\/li>\n
    4. Has authority to appoint or dismiss<\/strong> directors\/commissioners<\/li>\n
    5. Has ability to control<\/strong> the corporation<\/li>\n
    6. Receives benefits<\/strong> from corporate activities<\/li>\n
    7. Is the actual owner of funds<\/strong> invested<\/li>\n<\/ol>\n

      Practical Implications and Corporate Obligations<\/h2>\n

      Under Permenkum 2\/2025, the approach shifts from self-declaration to active verification and ongoing monitoring<\/strong>. Key obligations:<\/p>\n

        \n
      1. Identification<\/strong> \u2014 identify BO at establishment and update upon any structural change<\/li>\n
      2. Reporting<\/strong> \u2014 submit BO information to Ministry of Law via AHU Online<\/li>\n
      3. Documentation<\/strong> \u2014 maintain complete supporting documentation<\/li>\n
      4. Access<\/strong> \u2014 provide authorized parties access to BO information<\/li>\n<\/ol>\n

        Sanctions for Non-Compliance<\/h2>\n

        Failure to fulfill BO obligations may result in: written warnings, suspension of licensing activities, revocation of business licenses, and criminal sanctions for intentional concealment.<\/p>\n

        Conclusion<\/h2>\n

        The BO framework under Perpres 13\/2018, Permenkum 2\/2025, and POJK 8\/2023 establishes comprehensive corporate transparency requirements. For PT PMA, understanding beneficial ownership at establishment is a fundamental aspect of legal certainty in Indonesia.<\/p>\n

        \n

        This article is for general legal information and educational purposes only.<\/em><\/p>\n

        Prasetyo Law Office<\/strong>
        \ud83d\udccd SCBD Jakarta \u00b7 EN \u00b7 Bahasa Indonesia \u00b7 \u4e2d\u6587<\/p>","protected":false},"excerpt":{"rendered":"

        Understanding beneficial owner obligations in Indonesia under Perpres 13\/2018 and Permenkum 2\/2025 \u2014 criteria, reporting, and sanctions.<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[17],"tags":[20],"class_list":["post-3997","post","type-post","status-publish","format-standard","hentry","category-client-alert","tag-hidden-archive"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"trp-custom-language-flag":false},"uagb_author_info":{"display_name":"admin 1","author_link":"https:\/\/prasetyolawoffice.com\/id\/author\/admin1\/"},"uagb_comment_info":1,"uagb_excerpt":"Understanding beneficial owner obligations in Indonesia under Perpres 13\/2018 and Permenkum 2\/2025 \u2014 criteria, reporting, and sanctions.","_links":{"self":[{"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/posts\/3997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/comments?post=3997"}],"version-history":[{"count":2,"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/posts\/3997\/revisions"}],"predecessor-version":[{"id":4038,"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/posts\/3997\/revisions\/4038"}],"wp:attachment":[{"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/media?parent=3997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/categories?post=3997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prasetyolawoffice.com\/id\/wp-json\/wp\/v2\/tags?post=3997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}