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Blog: Legal Updates

Online Single Submission System and Its Effect on Company Registration Indonesia

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 …

Recruitment of Foreign Workers in Indonesia

Regulation on Hiring Foreigners in Indonesia The President of Indonesia, Joko Widodo, has signed Presidential Regulation No. 20/2018 on the Recruitment of Foreign Workers in Indonesia. …

Principle Business License Replaced with Capital Investment Registration

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 …

[2020 Update] Bank Indonesia Launches Regulation on Fintech

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. The …

MUI has Revoked the Indonesia Halal Certification: Essentials to Know

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 …

Company Registration Indonesia Update: Annual License Renewal is No Longer Needed

Indonesian current government is so consistent in promoting Indonesia as a conducive and reliable country for foreign investment (especially for a company registration). Many efforts have been done by the government, including issuing policies that will make foreign investment more feasible. The most recent ones are the Regulation Number 07/M-DAG/PER/2/2017 by the Ministry of Trade …

Update from BKPM: Three-Hour License Service For Energy Sector

Three-hour licensing procedure was issued by Indonesian Investment Coordinating Board (BKPM) on January 30, 2017. This is a good news for foreign investors related to energy and mineral resources. This rapid licensing procedure is for nine types of operations (eight of which are for oil and gas sectors and one of them is for electricity …