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Blog: Legal Updates

Indonesia KBLI: An Ultimate Guide for Foreign Investors in 2021

What Is KBLI and What Does It Mean? To conduct business efficiently overseas, the host country requires foreign investors to comply with the country’s laws and regulations. Similarly, for foreign investors investing in Indonesia, one of the crucial compliance is ensuring that the business activities are classified under the Indonesia Standard Industrial Classification (Klasifikasi Baku …

Indonesia Improves Foreign Investment Landscape with a Positive Investment List

Following the enactment of Indonesia’s Omnibus Bill, its Government has released an update of business sectors and lines (also commonly referred to as KBLI) that are now open to foreign investment in Indonesia. Although the revised Negative Investment List was drafted to attract more foreign investors and has been dubbed the “Positive Investment List”, this …

Mergers & Acquisitions Update In Indonesia

Well-capitalized firms looking to expand are currently faced with an aberrant opportunity to make acquisitions and consolidate power. As the pandemic continues to take its toll on the economy, weaker business actors in Indonesia receiving handouts via government support schemes or dipping into their cash reserves could be fast approaching a state of deeper financial …

COVID-19 in Indonesia: Relaxation of BPJS of Employment Contributions

In accordance with a new government regulation namely PP 49 of 2020 that has been signed by President Joko Widodo on 31 August 2020, the contribution for BPJS of Employment in Indonesia has been relaxed. The purpose of this relaxation is to help ease the burden of the participants who have to deal and cope …

New Requirements for Ecommerce Businesses in Indonesia to Take Place in November 2020

The potential of ecommerce businesses in Indonesia is enormous. It is no wonder that foreign investors want to get involved in the ecommerce startup scene in Indonesia. But what are the motivators for such huge ecommerce growth in the country? The answers lie in its developing digital infrastructure, substantial population, supportive government, and growing digital, …

COVID-19 in Indonesia: Updates from BPOM & Ministry of Health on Services

Throughout the first semester of 2020, there has been one event that has profoundly affected millions of lives, economies and businesses around the world, including in Indonesia. It is the coronavirus, also known as COVID-19, crisis. What is COVID-19? COVID-19 is a kind of coronavirus. It was identified in late 2019 and was declared a …

Newest Import Duties in Indonesia: 2021 Update

A new governmental regulation stipulates the import duties in Indonesia has been effective since January 30, 2020. This regulation is the Finance Ministerial Regulation (PMK) No.199/2019 and it was enacted to reduce the maximum value for imported goods to be tax-free. According to PMK 199/2019 issued by the Ministry of Finance, the maximum value of …

Insurance Companies in Indonesia Allow Higher Foreign Ownership: 2020 Update

Considering Indonesia’s huge population, the insurance industry in the country has been presenting significant opportunities. With the growing middle-income and wealthier population, the insurance buyers in Indonesia are also on the rise. These attractive target audiences in the insurance industry have given foreigners intentions to start an insurance company in Indonesia. Therefore, the growth rate …

Government Has Implemented New Tax Relaxation in Indonesia Following COVID-19 Situation

 As the Covid-19 pandemic kept taking its toll, the government impose tax relaxation in Indonesia to help the economy survive the outbreak. The authorities extended the incentives through Minister of Finance Regulation or Peraturan Menteri Keuangan (PMK) 9/PMK.03/2021.  This article will summarize a few key points that you should put to your consideration.  Tax Relaxation …

Indonesia’s Negative Investment List to be Replaced with Positive Investment List

According to the government in Indonesia, a positive investment list, also known as the priority list, will be issued in January 2020. The purpose of the positive investment list is to encourage more foreign investments for sectors that are previously partially closed or fully closed under the negative investment list in Indonesia. With the increase …

Important Update on Licensing Procedures for Location Permit

The Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency of Indonesia has recently made effective Regulation 17/2019 on Location Permit on September 20, 2019, replacing the previous Regulation 14/2018. This new regulation was enacted to clarify the location permit issuance framework under the Online Single Submission system (OSS). Regulation 17/2019 made …