CV (Commanditaire Vennootschap)
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Timeline: 3 - 5 business days
Commanditaire Vennootschap (CV - Limited Partnership)
A traditional non-legal entity partnership consisting of active partners (sekutu aktif) who manage the business with unlimited liability, and silent partners (sekutu pasif) with liability limited to their capital contribution.
Step-by-Step Formation Process
Step 1: Execute Akta Pendirian CV before an Indonesian Notary.
Step 2: Registration into the Business Entity Administration System (SABU) at Kemenkumham.
Step 3: Obtain CV Tax ID (NPWP) and NIB via OSS RBA.
Mandatory Documents Required
1. KTP and NPWP of active and silent partners (minimum 2 partners).
2. Business domicile certificate or rental agreement.
3. Partnership agreement details regarding profit distribution and roles.
Key Benefits
Simple governance structure without corporate board bureaucracy, profit withdrawals (prive) are not subject to income tax at the partner level.
Pitfalls to Avoid
Active partners bear full personal liability up to their personal assets for all contractual obligations and debts of the CV.
Statutory Summary
- Capital Requirement:
- No minimum capital requirement.
- Estimated Timeline:
- 3 - 5 business days
- Shareholder Restrictions:
- Strictly Indonesian citizens. Foreigners cannot be partners in a CV.
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