Keeping up with shifting foreign investment rules

Indonesia’s Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) has issued the long-awaited list of cryptoassets that can be legally traded in Indonesia.

The tax particularly targets intangible goods and services provided by foreign tech companies that lack a physical presence in Indonesia.

Presidential Regulation No. 44 of 2016 regarding the List of Business Fields That Are Closed and Business Fields That Are Conditionally Open...

Indonesia’s Law No. 24 of 2009 regarding the National Flag, Language, Emblem and Anthem (the Language Law) was very likely ...

New Body Set Up to Resolve Disputes in the Construction Sector; and a Change to the Mediation Process ...

Since its enactment in 1999, Indonesia's Anti-Monopoly Law has never been amended. The New Anti-Monopoly Law has been prioritized for enactment by the Government of Indonesia. Here's a look at some proposed major changes.

Indonesian labour and employment laws do not expressly impose or regulate non-competition obligations ...

In late 2015, the Indonesian Minister of Finance issued Regulation No. 200/PMK.03/2015 regarding Tax Treatment of Taxpayers and Taxable Entrepreneurs ...

Indonesia released its tenth economic policy package on February 12, 2016, with a focus on boosting foreign direct investment and protecting small and medium enterprises and cooperatives.

The Indonesian Minister of Trade issued two new regulations which amended importation guidelines effective 1 January 2016.

Indonesia issued Government Regulation No. 103 of 2015 regarding the Ownership of Homes or Residences by Foreigners Residing in Indonesia ...

Indonesian labour and employment laws do not expressly impose or regulate non-competition obligations of employees with the exception of the Chief Representative ...

Two recently released regulations have introduced important changes to the Indonesian manpower sector. While the changes should generally be welcomed by the business ...

Background checks on employees are not expressly regulated by Indonesian employment laws but certain background checks are subject to the applicant or employee's consent.

Restrictions on foreign shareholders in Indonesia are set out in the most recent Negative Investment List, contained in Presidential ...

Indonesia eases requirements for work permits of expatriates working in the country.

The most common option for an overseas company as a foreign investor to establish a presence in Indonesia is by setting up a limited liability company (Perseroan Terbatas or PT) with foreign ownership ...

The main legislation for insurance and reinsurance business in Indonesia is the newly enacted Insurance Law, issued on October 17, 2014. The new Insurance Law ...

Foreign domiciled directors and commissioners must have Indonesian work permit ...

E-signatures in Indonesia are regulated by Law No. 11 of 2008 regarding electronic information and transactions (Law No. 11/2008) and Government Regulation No. 82 of 2012 regarding the implementation ...

In furtherance of Indonesia’s commitment to welcome the implementation of the ASEAN Economic Community (AEC) in 2015, ...

The Indonesian Government appears to be getting serious about stripping local authorities of the power to issue mining licenses.

Indonesia’s central bank, Bank Indonesia (BI), recently issued BI Regulation No. 17/3/PBI/2015 regarding the mandatory use …

Public-private partnerships (“PPPs”) interest infrastructure investors in Indonesia for a number of reasons ...

Compliance is an important issue for foreign investment companies doing business in Indonesia. As international organisations, foreign investment companies are not only …

Export activities in Indonesia can be carried out by individuals, institutions and business entities. Export goods are classified as free export goods, which are goods that have no restrictions or prohibitions on …

With a population of over 250 million, Indonesia is an attractive country for investors, particularly those interested in the distribution, retail and franchise sectors. …

Update for the 4th quarter of 2014 including: Increased Protection for Outsourced Workers; New Rules on Hiring Expatriates; and Regulations for those Employed in Oil and Natural Gas Business Activities...

Indonesia is one of the world’s most volcanically active countries and among the countries with the greatest geothermal energy potential. Dwindling production of traditional energy …

Indonesia’s Agrarian Law provides that foreigners can only acquire right to use (hak pakai) title for land if they reside in Indonesia. If foreign investors wish to engage in …

The Indonesian Government has issued a Regulation on the employment of foreign workers and the implementation of education and training programs for Indonesian companion employees. Presidential …

The Indonesian Government has released a new list of business fields that are closed to investment and business fields that are conditionally open to investment …

The Minister of Trade has updated Regulation No. 67/M-DAG/PER/11/2013 regarding the Obligation to Affix Indonesian-Language Labels on Goods with the issuance of Minister of Trade Regulation No. 10/M-DAG/PER/1/2014 …

Anti-corruption compliance is rightly a focus of companies operating in Indonesia. One of the more interesting questions for such companies, particularly foreign investment companies, is whether the company …

The Indonesian Government has issued a New Negative List that determines which business fields are open, fully or partially with conditions, to investment, including foreign investment. The New Negative List, issued …

Indonesia’s House of Representatives (Dewan Perwakilan Rakyat or DPR) recently passed into law a long-awaited trade bill. The new Trade Law will act as an underlying regulation for other trade-related …

After a long and contentious discussion involving many interested parties, the Government of Indonesia issued a regulation that bans the …

In a landmark decision on June 20th, 2013, the West Jakarta District Court annulled a Loan Agreement because it was executed in English …

In a landmark decision on June 20, 2013, the West Jakarta District Court annulled a Loan Agreement entered into between a local borrower and an offshore lender because it was executed in English only ...

On September 13th, 2013, the Minister of Energy and Mineral Resources (MEMR) issued MEMR Regulation No. 27 of 2013 regarding …

Indonesia’s Minister of Trade has issued a new regulation that specifically governs the importation of, among other items, cellular telephones …

Indonesia’s Capital Investment Coordinating Board (BKPM) has issued BKPM Regulation No. 5 of 2013 regarding Guidelines and Procedures …