News andUpdates
News and Updates
March 5, 2021
Individuals Can Now Establish Companies on Their Own
To facilitate the ease of doing business and bolster micro and small businesses’ competitiveness, the amendment of Law No. 40 of 2007, dated August 16, 2007 on Limited Liability Companies (“the 2007…
March 5, 2021
Norms, Standards, Procedures, and Criteria for Risk-Based Business Licensing Clarified
In addition to stipulating the types of license applicable for each risk level of business activities that we discussed in our previous newsflash, Government Regulation No. 5 of 2021 dated February…
March 5, 2021
Government Clarifies Risk-Based Business Licensing
Following the issuance of Law No. 11 of 2020 dated November 2, 2020 on Job Creation (the “Job Creation Law”) that introduces risk-based business licensing (the “Risk-Based Business Licensing”), on…
March 1, 2021
Presidential Regulation 10/2021 Revamps Investment Landscape in Indonesia
Law No. 11 of 2020 dated November 2, 2020 on Job Creation (the “Job Creation Law”) was enacted with the aim of attracting both foreign and domestic investors to ultimately create more jobs. Recently,…
February 19, 2021
Wage Adjustments Allowed in Certain Labor-Intensive Industries
As a response to the COVID-19 pandemic, the Minister of Manpower issued Minister of Manpower Regulation No. 2 of 2021 dated February 15, 2021 on the Implementation of Remuneration in Certain…
February 10, 2021
DKI Jakarta Implements Micro PPKM
On February 8, 2021, the Governor of DKI Jakarta issued Decree No. 107 of 2021 (the “Decree”) on the Entry into Force of Micro-Scale Public Activity Restrictions (Pemberlakuan Pembatasan Kegiatan…
February 10, 2021
Draft on New IDX Listing Rules
Following the issuance of the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”). Regulation No.41/POJK.04/2020 dated July 2, 2020 on Implementation of Public Offering Activities of…
February 10, 2021
Foreign Public Documents No Longer Need to Be Legalized
On January 5, 2021, Indonesia ratified the Convention Abolishing the Requirement of Legalization for Foreign Public Documents (“Convention”) through Presidential Regulation Number 2 of 2021 (“PR…
February 1, 2021
Digital Era for Land Certificates Begins
As part of a digital transformation service within the Ministry of Agrarian Affairs and Spatial Planning/National Land Agency sector, on January 12, 2021, the Minister issued the Minister of Agrarian…
February 1, 2021
BKPM Issued New Regulation on Guideline and Procedure of Investment Implementation Management
On November 13, 2020, the Investment Coordination Board (Badan Koordinasi Penanaman Modal or “BKPM”) issued the BKPM Regulation No. 6 of 2020 on the Guidelines and Procedures for Investment…