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BKPM Reforms Lead Way to Asean Investment

BKPM Reforms Lead Way to Asean Investment

Jakarta, April 10, 2015 – The Investment Coordinating Board, or BKPM, is counting on its one-stop integrated service centers and a tax break to attract more investment from Southeast Asian countries. The fear is that unless foreign money soon sees Indonesia as a great place to do business, the country may soon be merely a...

Indonesia: The next China?

Indonesia: The next China?

IAIN MARLOW – ASIA-PACIFIC CORRESPONDEN SOLO, INDONESIA — The Globe and Mail Mahni Suyoso sits beaming in the passenger seat of a bright red pickup truck as it rolls slowly through the bustling streets of central Jakarta. She’s in a parade featuring jubilant brass bands and volunteers throwing out water and treats to the crowd, mostly local...

Rules on Company Name

Rules on Company Name

On 4 October 2011, in order to implementing article 9 (4) and 16 (4) of Law Number 40 dated 16 August 2007 concerning Limited Liability Company (“Company Law”), Government of Republic Indonesia issued Government Regulation No. 43 dated 4 October 2011 concerning the Procedures for Applying and Using Limited Liability Company Names (“GR No. 43/2011”)....

The Certain Position that Banned for Foreign Worker In Indonesia

The Certain Position that Banned for Foreign Worker In Indonesia

On 29 February 2012, in order to implement article 46 (2) of Law No. 13 dated 25 March 2003 concerning Manpower, Government of Republic of Indonesia issue Minister of Manpower and Transmigration Decree No. 40 dated 29 February 2012 concerning The Certain Position That Prohibited For Foreign Worker. (“MR No. 40/2012”)

Understanding the New Indonesia Negative List of Investment

Understanding the New Indonesia Negative List of Investment

You may download the Negative Investment List of Investment (“Negative List“) on our previous post, here. 2 Key Principles: Investor are permitted to invest in any sector except for sectors listed in the Negative List which may be open for foreign investment subject to certain conditions. The Negative list doesn’t applu to the investment approves (issued...