Indonesia has quite a lot of potential that can be utilized by foreign investor, such as abundant natural resources, a large amount of productive labor, large market potential and adequate infrastructure improvements to reach all regions of Indonesia. However, the...
On 1 April 2020 the Investment Coordinating Board (BKPM) promulgated BKPM Regulation No. 1 of 2020 concerning Guidelines for the Implementation of Electronic Integrated Business Licensing Services (“Perka BKPM No. 1/2020“) as a follow up to Government Regulation No....
Background The government of Indonesia has issued a new regulation named Presidential Regulation Number 44 of 2018 on Indonesia National Single Window. This regulation was promulgated effective from 31 May 2018 (“Perpres No. 44/2018”). Perpres No. 44/2018 revokes...
Background On 30 May 2018, the Capital Investment Coordinating Board issued Regulation of Capital Investment Coordinating Board No. 5 of 2018 on Details of Business and Production Types for Pioneering Industries That Can Be Granted the Corporate Income-Tax Deduction...
Background On 22 April 2016, Government of the Republic of Indonesia has Government Regulation Number 9 of 2016 on Amendment of Government Regulation Number 18 of 2015 on Income Tax Facilities on Capital Investment of Particular Business Fields and/or in Particular...
The government of Indonesia understands that the capital market plays a strategic role in the national development as one of the sources of funding for business and also as investment instruments for Indonesians. Accordingly, to increase capital market’s role, having...
Background Business activities of non-bank foreign exchange is regulated under the Regulation of Bank of Indonesia No. 16/15/PBI/2014 on the Business Activities of Non-Bank Foreign Exchange (“PBI No. 16/2015”). The PBI No. 16/2015 was issued (i) by considering the...
Background Head of Capital Investment Coordinating Board of Indonesia has issued the Regulation Number 17 of 2015 on the Guideline and Procedure for Controlling Capital Investment Operation (“PERKA BKPM 17/2015”), which became effective on 8 October 2015. This PERKA...
Background On 3 September 2015, Head of Capital Investment Coordinating Board of Indonesia has issued the Head of Capital Investment Coordinating Board Regulation Number 13 of 2015 on the Procedure of Applying for Facilities on Reduction of Entity Income Tax as lastly...