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
The main business vehicles in Indonesia are legal entities and business entities. In a legal entity, there is a separation between the assets of the founder(s) and that of the established entity, which is not the case in a business entity. Establishing a legal entity requires the approval of several government entities, while establishing a … Establishing a Business in Indonesia – Business Vehicles
SSEK, with the Embassy of the Republic of Indonesia in Tokyo (KBRI Tokyo), the Indonesian Ministry of Trade and the Indonesian Investment Coordinating Board (BKPM), recently hosted a high-level webinar for Japanese companies and investors doing business or interested in doing business in Indonesia. The webinar, “Indonesia – Japan Trade & Investment Post Covid-19: A … SSEK Co-hosts High-Level Webinar on Indonesia – Japan Trade & Investment
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.”
