• id

Blog - Legal Updates

THE ULTIMATE GUIDE TO DOING BUSINESS IN INDONESIA

Behind every success of business expansion is the comprehensive knowledge of regulations, legal compliances, procedures and socio culture, among others. If you are intending to expand to Indonesia, get our free copy of e-book to learn about starting a business in Indonesia, everything you need to know from A-Z. Simply click the "download" button below.

Download "E-Book: Doing Business in Indonesia"

Blog: Legal Updates

Latest Development of Digital Financial Innovation in Indonesia

Posted 4.01. 2019 by Cekindo

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan – OJK) officially issued a Regulation No. POJK 13 /POJK.02/2018 concerning Digital Financial Innovation in Financial Services Sector (“POJK 13”) that was put into effect on August 16, 2018. POJK 13 was set up to regulate the exploding growth of digital industries eagerly participating in Indonesian financial …

OSS System Services Begin to Operate at BKPM

Posted 31.12. 2018 by Cekindo

Nearing the end of the year 2018, The Electronic Integrated Business Licensing System (Perizinan Berusaha Terintegrasi Secara Elektronik abbreviated as PBTSE), also known as the Online Single Submission (OSS) system, will be transferred from the Coordinating Ministry for Economic Affairs to the Investment Coordinating Board (BKPM), starting on January 2, 2019. The schedule is as …

New Negative Investment List Opens 54 Sectors to Foreigners

Posted 28.12. 2018 by Cekindo , last update on 3.01. 2019

In order to boost foreign and domestic investments in Indonesia, the government of Indonesia is going to update the Negative Investment List (NIL), which was last amended in 2016. Reasons for the Change? The new list was announced in November 2018 as part of the 16th economic policy package by the Coordinating Ministry for Economic …

Online Single Submission System and Its Effect on Company Registration Indonesia

Posted 1.11. 2018 by Cekindo , last update on 19.03. 2019

Recently, the Indonesian government adopted several business-friendly policies to make it simpler for foreign investors to jumpstart their businesses in the archipelago. The results are, however, questionable. This article introduces a newly established system of company registration in Indonesia through so-called Online Single Submission System and provides a general overview of the most important facts …

Truth about OSS Implementation in Indonesia

Posted 24.07. 2018 by Cekindo , last update on 27.09. 2018

The government of Indonesia has issued Government Regulation Number 24 of 2018 (GR24) for the Online Single Submission (OSS) under Online Business Licensing Services. …

Principle Business License Replaced with Capital Investment Registration

Posted 22.03. 2018 by Cekindo , last update on 26.09. 2018

The Investment Coordinating Board in Indonesia (BKPM) has just made effective of the new changes on January 2, 2018, regulated under BKPM Regulation No. 13 of 2017 (BKPM Reg. 13/2017). This new regulation concerning the Guidelines and Procedures for License and Investment Facilities, has now taken effect at the Central One Stop Services Office of …

Bank Indonesia Launches Regulation on Fintech

Posted 29.12. 2017 by Cekindo , last update on 26.09. 2018

For the first time in the history of Indonesia, Bank Indonesia (BI) launched a regulation on financial technology also known as fintech. Regulation Number 19/12/PBI/2017 regarding the Provision of Financial Technology, dated November 30, 2017 (“Reg. 19/2017″), was made public by BI on December 7 and will come to effect on December 30, 2017. …

Indonesia Halal Certification Revoked from MUI

Posted 8.11. 2017 by Cekindo , last update on 25.09. 2018

The change that had long been expected finally came into effect. The Indonesian Council of Ulama (MUI) had delegated its authority to issue the halal certification to a newly established institution. The inauguration of the body of Halal Product Assurance Organizing Agency (BPJPH) happened on October 11th, 2017. It’s been three years after the law …