Can Foreigners Open Restaurant in Indonesia

Foreigners can open restaurants in Indonesia. However, foreigners must have an Indonesian Partner(s). Based on the negative list regulation (Government Regulation 36/2010) on List of Business that opens/closes for the Foreign Investment, stipulates that the composition of shares of the Foreigner(s) is maximum 51% for restaurant industries. The foreigner(s) and Indonesian partner(s) enter a joint venture … Continue reading Can Foreigners Open Restaurant in Indonesia

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The New Draft of Negative List of Investment in Indonesia

I attended briefing meetings of the new draft of Negative List of Investment in Indonesia couple weeks ago. Mr. Gita Wirjawan, the Head of Coordinating Investment Body of Indonesia ("Badan Koordinasi Penanaman Modal or BKPM")  gave insight overview on the said draft. He stated that the new negative list of investment will be issued soon. … Continue reading The New Draft of Negative List of Investment in Indonesia

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

Investing in Indonesia

A. ESTABLISHING A FOREIGN INVESTMENT COMPANY Investment in Indonesia is regulated mainly by New Investment Law No.25 of 2007 (April 26, 2007) (“Law 25/07”).[1] Law 25/07 integrates the previous investment laws and its implementing regulations to some extent, but deals with some of the bottlenecks frequently cited by foreign investors doing business in the country. … Continue reading Investing in Indonesia