Ministry of Trade issued a new regulation on the Import License (Ministry of Trade No.45/M-DAG/PER/9/2009 which came into effect on January 11, 2010. The Company that holds the Limited Import License or APIT-U must conduct adjustment to this regulation within one (1) year after this law came into effect. With APIT-U, the Company can import … Continue reading New Regulation on Import License in Indonesia
Month: March 2010
NEW BKPM REGULATIONS ON GUIDELINES AND PROCEDURES FOR INVESTMENT APPLICATIONS
The Investment Coordinating Body of Indonesia ("BKPM") issued BKPM Regulation No. 12 of 2009 regarding Guidelines and Procedures Application (December 23, 2009) (“BKPM Reg 12/09”) that replaced the previous BKPM Regulations on the Guidelines and Procedures for Investment Applications under Domestic and Foreign Investments. There are several points to be highlighted amongst others: the application … Continue reading NEW BKPM REGULATIONS ON GUIDELINES AND PROCEDURES FOR INVESTMENT APPLICATIONS
The Obligation of Foreign Investment Company in Indonesia
After the Foreign Investment Company (“PT PMA”) has been approved by Ministry of Laws and Human Rights (“MoLHR”), it means that PT PMA is duly established in Indonesia. PT PMA should take the following obligations. Corporate Housekeeping There are several corporate actions must be conducted by PT PMA. PT PMA must held First Meeting of … Continue reading The Obligation of Foreign Investment Company in Indonesia
Can Foreign Investors own Land in Indonesia?
The foreign Investors can own land in Indonesia under certain land titles. Therefore, the foreign investors must aware of the following land titles: Right of Ownership, Right of Build, Right of Exploitation, and Right of Use. Law No. 5 of 1960 regarding Basic Agrarian Law created a uniform, though somewhat complex, system of land rights … Continue reading Can Foreign Investors own Land in Indonesia?