Yayasan
Foundation · Legal entities · 30,488 companies in our corpus
A legal entity made of assets set aside for a social, religious or humanitarian purpose. It has no members and no owners.
At a glance
- Legal status
- Legal entity
- Founders
- One or more individuals or legal entities; no members
- Capital
- Separated initial assets, at least Rp10 million (Indonesian founder) or Rp100 million (foreign founder)
- Liability
- Limited to the foundation’s assets; surplus may not be distributed
- Organs
- Trustees, management board, supervisory board
- Registration
- Notarial deed, then ministerial approval
What it means
- A foundation belongs to nobody, its founder included. What exists is separated property and the purpose that binds it.
- Neither its assets nor its surplus may be distributed to its supervisory board, management, trustees or founder, in any form.
- It has three organs in a hierarchy: trustees hold the highest authority, a management board runs it, a supervisory board watches it. One person may not be both trustee and manager.
- A foundation may run a business, but only through a company it establishes, and it may commit at most 25% of its total assets to it.
How to set one up
- Fix the purpose and set aside the initial assets: at least Rp10 million from an Indonesian founder, Rp100 million from a foreign one.
- Have a notary draw up the deed of establishment, carrying the articles and the three boards.
- Apply for legal-entity approval from the Minister of Law; the foundation exists as a legal entity only once that decree is issued.
- Obtain the tax number and the NIB in OSS, plus sector permits where the activity is regulated — education, health, or public fundraising.
What it obliges you to do
- An annual report is prepared and reviewed by the foundation’s own organs for every book year.
- A foundation that in one year receives Rp500 million or more from the state, from abroad or from any other party, or whose assets reach Rp20 billion, must have its statements audited and publish a summary in a newspaper.
- Public fundraising has its own rules; collecting donations without the required permit is a legal risk, not paperwork.
- Changes to the articles and to the boards are re-filed with the Ministry of Law.
When to choose it
Choose a foundation when the purpose really is not profit and nothing will ever be distributed to anyone. If someone is expecting a dividend, or the founder wants to keep ownership, this is the wrong form and a hard one to undo later.
Need help with the bookkeeping?
Bookkeeping and tax filing are obligations that run every year, not a task you finish when the business is registered.
Bookkeepers, accountants and tax consultants across Indonesia
The rules this summarises
- Law 16/2001 on Foundations, as amended by Law 28/2004
- Government Regulation 63/2008 implementing the Foundations Law
A summary of the rules in force, not legal advice. Rules and thresholds change — check with the relevant authority before you register.
Other business forms
Micro, small, medium, large: the rupiah thresholds and what changes in each class.