Indonesia is set to tax tech companies that may or may not have a legal presence in the country, as electronic transactions and the use of streaming services and online telecom apps have increased notably during the COVID-19 pandemic. The legal basis for this measure is the recently enacted emergency bill Government Regulation in Lieu … Indonesia Targets Taxation of Tech Companies to Boost Economy Amid Covid-19
The Government of Indonesia (GOI) has issued Government Regulation No. 3 of 2020 (GR 3), which amends Government Regulation No. 14 of 2018 regarding Foreign Ownership in Insurance-Related Companies (GR 14). GR 3 relaxes foreign ownership rules for insurance-related companies in Indonesia. Foreign Ownership for Insurance Companies Under GR 14 GR 14 limits foreign ownership … Indonesia Relaxes Foreign Ownership Rules for Insurance Companies
The Indonesian Ministry of Industry plans to issue a new regulation on the calculation of local content for pharmaceutical products. This planned regulation is in response to Presidential Directive No. 6 of 2016 on the Acceleration of the Development of the Pharmaceutical and Medical Equipment Industry. That directive mandated the Ministry of Industry to implement … Indonesia to Issue Local Content Regulation for Pharmaceutical Sector
Indonesia is said to be considering changes to the so-called Negative List that would ease the way for the establishment of foreign hospitals here. What are these changes and what would they mean to investors? The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”), Thomas Lembong, said on February … Indonesia Considers Opening Investment Opportunities for Foreign Hospitals
SSEK partner Dewi Savitri Reni (Vitri) discussed the Indonesian legal landscape at an event in Malaysia for companies that want to enter the Indonesian market. The event was organized by the Malaysian Association of Bumiputera ICT Industry and Entrepreneurs (NEF). Vitri gave a presentation on “Deciphering Indonesia’s Legal Landscape.”
LAWASIA, the Law Association for Asia and the Pacific, the German Federal Bar, the Frankfurt Chamber of Commerce and Industry (IHK Frankfurt), and the German Asia-Pacific Business Association (OAV) are holding a seminar on Friday, September 6, on “Foreign Direct Investment in Asia.” In a world of Brexit, trade wars, de-globalization and disruptions of the … Join LAWASIA for a Seminar on Foreign Investment in Asia
A regulation issued in 2018 – Minister of Research and Higher Education (“MRHE“) Regulation No. 53 of 2018 regarding Foreign Higher Education dated October 30, 2018 (“MRHE Regulation 53/2018“) – has made it possible for foreign entities to establish a university in Indonesia, subject to certain conditions and restrictions, including cooperation with a local university. … Establishing a University in Indonesia with Foreign Investment
There has been some noise recently about the Indonesian Government’s intention to open investment opportunities for foreign universities. The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM“), Thomas Lembong, said in early 2019 that the government was considering changes to the foreign capital investment rules for foreign universities. According to … Employment Law and Foreign Investment in Indonesia’s Higher Education Sector
The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM“), Thomas Lembong, said on February 13, 2019, that the government was considering changes to the foreign capital investment rules for foreign universities and hospitals. According to Lembong, the changes being considered would open the way for foreign universities to open campuses … Indonesia Considers Opening Investment Opportunities for Foreign Universities and Hospitals
In an effort to stimulate investment in Indonesia, the government announced on Friday, November 16, 2018, that it had launched the 16th Economic Policy Package, with the primary objective of relaxing investment-related regulations. There are three key points to this latest economic package: (i) the revision of the Negative Investment List (Daftar Negatif Investasi or … Indonesian Investment Stimulus – DNI Revision, New Business Sectors Opened to Foreign Capital
