Blog Category: Pembaruan Hukum

Establishing a University in Indonesia with Foreign Investment

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

Recent Developments in Divestment Rules for Mining Companies in Indonesia

Companies engaging in mining business activities in Indonesia can be established with 100% foreign investment, but they are subject to a divestment requirement, as set out under Law No. 4 of 2009 regarding Mineral and Coal Mining (the Mining Law) and Government Regulation No. 23 of 2010 regarding the Implementation of Mineral and Coal Mining Recent Developments in Divestment Rules for Mining Companies in Indonesia

Employment Law and Foreign Investment in Indonesia’s Higher Education Sector

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

Jakarta Government Simplifies Business Licensing Requirements for Companies

In an effort to simplify the bureaucratic process and improve the ease of doing business, the Jakarta provincial government has eliminated the requirement that companies obtain a Certificate of Domicile and Certificate of Business Domicile. The DKI Jakarta One-Stop Integrated Investment Services (Dinas Penanaman Modal dan Pelayanan Terpadu Satu Pintu Pemerintah Provinsi Daerah Khusus Ibukota Jakarta Government Simplifies Business Licensing Requirements for Companies

Asia-Pacific Employment Termination Survey

SSEK Legal Consultants has contributed the Indonesia chapter to an Employment Termination Survey covering 22 jurisdictions in the Asia-Pacific region. The Employment Termination Survey is designed as a guide to termination practices and provisions. It addresses frequently asked questions such as, \"Is an employer required to give reasons before terminating an employment agreement” and \"Must Asia-Pacific Employment Termination Survey

Peer-to-Peer Lending in Indonesia: A Regulatory Update

In February of this year, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued an updated checklist for peer-to-peer lending (“P2P lending”) platform providers (“Checklist”) registering with the OJK or applying to the body for a business license or change of ownership. The new Checklist introduces several changes to the previous checklist issued in Peer-to-Peer Lending in Indonesia: A Regulatory Update

Indonesia Imposes 0% Value Added Tax for the Export of Certain Services

The Indonesian Minister of Finance (MOF) has issued a regulation that imposes 0% Value Added Tax (VAT) on the export of certain domestically produced services in Indonesia, including legal consultation services. MOF Regulation No. 32/PMK.010/2019 regarding the Limitation of Activities and Types of Taxable Services for Export Subject to Value Added Tax (MOF Reg 32) Indonesia Imposes 0% Value Added Tax for the Export of Certain Services