SSEK partner Stephen Igor Warokka was a featured speaker at a recent webinar on Indonesia’s Law No. 11 Year 2020 on Jobs Creation, better known as the Omnibus Law. The webinar was organized by the Jakarta Japan Club (JJC) and the Japan External Trade Organization (JETRO). The Omnibus Law is intended to make it easier … SSEK, Japanese Business Community Organize Webinar on Indonesia’s New Omnibus Law
There are certain restrictions on the importation into Indonesia of commercial goods, depending on the particular goods/products. For example, the importation of sugar requires a special licence and is only allowed for the purpose of use as a raw material to support the production process. This restriction was imposed to protect Indonesia’s domestic sugar industry. … Investing in Indonesia – Imports
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law, among other things, … Indonesia Omnibus Law – Simplification of Business Licensing and Investment Requirements
The minimum capital requirements for foreign investment in Indonesia differ from one industry to another. In general, a foreign investment company (PMA company) must have a total investment of more than IDR10 billion, excluding land and buildings, for each line of business as determined by the five digits of its Indonesian Standard Business Classification (Klasifikasi … Investing in Indonesia – Minimum Capital Requirement
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, introduces … Indonesia Omnibus Bill – Simplification of Business Licensing and Investment Requirements
Limited liability companies (PTs) in Indonesia are governed by Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies (Company Law). Other applicable laws and regulations include: Law No. 3 of 1982 dated 1 February 1982 regarding Mandatory Company Registry. Law No. 25 of 2007 dated 26 April 2007 regarding Capital … Establishing a Business in Indonesia – Forming a Private Company
Restrictions on foreign investment in Indonesia are regulated by the Negative Investment List. There are lists of industries for which foreign investment is open (up to a certain percentage of its capitalisation), for example: A construction services business is open for up to 67% foreign investment (70% if the foreign investor is from an … Investing in Indonesia – Investment Restrictions
Under Indonesia’s tax regulations, there are domestic taxpayers and foreign taxpayers. Foreign individuals who reside or are present in Indonesia for more than 183 days in a 12-month period or who are present in Indonesia and have the intention to live in Indonesia are deemed domestic taxpayers. The 12-month period is based on the current … Investing in Indonesia – Tax
The most common option for an overseas company establishing a presence in Indonesia is to set up a limited liability company with foreign ownership (PT PMA). The first step in establishing a PT PMA is to determine whether the PT PMA can be wholly owned or only partially owned by foreign shareholders. This involves consulting … Establishing a Business in Indonesia – PT PMA
The key laws governing foreign investment in Indonesia are: Law No. 25 of 2007 regarding Investment (26 April 2007). Government Regulation Number 24 of 2018 on Electronically Integrated Business Licensing Services (21 June 2018). Presidential Regulation No. 44 of 2016 on List of Business Fields that Are Closed and Business Fields that Are Open … Investing in Indonesia – Overview of Legal System
