By Tanita Dhiyaan Rahmani On March 16, 2016, Indonesian President Joko Widodo announced a plan to simplify business licensing in Indonesia by revoking five existing business permits issued at the regional level. These five business permits are: Building Location Permit (Surat Izin Tempat Usaha): A permit for individuals and legal entities to establish a place … Proposal to Revoke Five Business Permits in Indonesia
In late 2015, the Indonesian Minister of Finance issued Regulation No. 200/PMK.03/2015 regarding Tax Treatment of Taxpayers and Taxable Entrepreneurs Using Specified Collective Investment Contract Schemes for the Enhancement of the Finance Sector (MOF Reg. 200). The stated aim of this regulation is to encourage the growth of real estate investment funding in the form … Indonesian Regulatory Framework for Real Estate Investment Funds
By Ira A. Eddymurthy and Alvin Suryohadiprojo The Indonesian government released its tenth economic policy package on February 12, 2016, with a focus on boosting foreign direct investment into Indonesia and protecting small and medium enterprises (SMEs) and cooperatives. The package offers hints of the coming revisions to the Negative Investment List, commonly known as … Indonesia Widens Door to Foreign Investment
In late December 2015, the Indonesian Financial Services Authority (OJK) issued Regulation No. 32/POJK.04/2015 regarding Rights Issue (New Rights Issue Rule). The New Rights Issue Rule came into effect on December 22, 2015. It integrates provisions concerning rights issues and the form and content of the registration statement for a rights issue. These provisions were … Indonesian Financial Services Authority Re-Regulates Rights Issues
By Christina N. Soela The Indonesian Minister of Trade (MOT) issued two new regulations on import licenses in 2015 that took effect on January 1, 2016. The first is MOT Regulation No. 70/M-DAG/PER/9/2015 dated September 28, 2015 regarding Importer Identification Number (API) (MOT Reg 70/2015). This √Ç revokes MOT Regulation No. 27/M-DAG/PER/5/2012 dated May 1, 2012 … Indonesian Import License Regulations
By Stephen Igor Warokka
By Ira A. Eddymurthy The Indonesian Government has issued Government Regulation No. 21 of 2015 regarding Procedures to Register Fiduciary Security and Fees to Draw Up a Fiduciary Security Deed (GR 21/2015). GR 21/2015 revokes GR No. 86 of 2000 regarding the same (GR 86/2000). GR 21/2015 regulates, inter alia, the procedures for the registration … Fiduciary Security Registration in Indonesia
Indonesia issued Government Regulation No. 103 of 2015 regarding the Ownership of Homes or Residences by Foreigners Residing in Indonesia (GR 103/2015) in late December 2015. GR 103/2015 entered into force on December 28, 2015. The Government made the new ruling public earlier this week. No major changes GR 103/2015 does not introduce any radical … Alert: Ownership of Homes or Residences by Foreigners in Indonesia
The Indonesian Minister of Energy and Mineral Resources (MEMR) recently enacted Regulation No. 38 of 2015 regarding Expediting Non-Conventional Oil and Gas Operations (MEMR Reg. 38/2015). MEMR Reg. 38/2015 came into effect on November 2, 2015. The main points of MEMR Reg. 38/2015 are: Non-Conventional Oil and Gas Cooperation Contracts Under MEMR Reg. 38/2015, there … MEMR Introduces Regulation on Non-Conventional Oil and Gas Operations in Indonesia
Indonesian labor and employment laws do not expressly impose or regulate non-competition obligations of employees with the exception of the Chief Representative of the local representative office of an overseas principal. However, Indonesian law recognizes the principle of freedom of contract. This principle is codified in Articles 1337 and 1338 of the Indonesian Civil Code … When Employees Leave: Non-Compete Agreements and Protecting Confidential Information in Indonesia
