News

LIMITED STAY VISA APPLICATION ALERT: Indonesian Government Relaxes Limited Stay Visa Application Policy

A month following the issuance of BKPM Regulation No. 5 of 2019 (“Reg 5/2019”) last July (please click here for further information on Reg 5/2019), BKPM together with the Ministry of Law and Human Rights of the Republic of Indonesia recently announced a new policy that simplifies the requirements for limited stay visa (visa tinggal… Read More »

DIVESTMENT RULES AND NEW INVESTMENT REQUIREMENTS ALERT: Major Amendments to BKPM Investment and Divestment Requirements

The Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) recently issued Regulation No. 5 of 2019 (“Reg 5/2019”), amending the previous Regulation No. 6 of 2018 on the Guidelines and Procedures for Licensing and Investment Facilities (“Reg 6/2018”). Reg 5/2019 introduces several important changes to the previous regulation, especially on matters relating to… Read More »

CLIENT ALERT: New Construction Licensing Procedures and Rules

The Minister of Public Works and Public Housing (“MOPWH”) recently issued 2 (two) new regulations, namely (i) Regulation No. 8/PRT/M/2019 on Licensing Guidelines for National Construction Services Business (“Reg 8/2019”), and (ii) Regulation No. 9/PRT/M/2019 on Licensing Guidelines for Foreign Construction Services Business Entities (“Reg 9/2019”), synchronizing the licensing procedures with Indonesia’s Online Single Submission… Read More »

Changes In Antitrust Case Handling Procedure

On 4 February 2019, the Indonesian Business Competition Supervisory Commission (“KPPU“) issued KPPU Regulation No. 1 of 2019 on Antitrust Case Handling Procedure (“Reg 1/2019”), replacing and revoking the previous regulation on the same matter, namely KPPU Regulation No. 1 of 2010 (“Reg 1/2010”). Reg 1/2019 comes into effect on its issuance date and introduces… Read More »

CLIENT ALERT: Construction Certificates Are Now Digitalized (New Regulation by Ministry of Public Works and Public Housing)

Following the trend towards electronic licensing by the Indonesian Government, the Minister of Public Works and Public Housing recently issued Circular Letter No. 06/SE/M/2019 on Certificates of Business Entity (Sertifikat Badan Usaha, briefly “SBU”), Certificates of Expertise (Sertifikat Keahlian, briefly “SKA”) and Certificates of Work Skills (Sertifikat Keterampilan, briefly “SKTK”) (“Circular 6/2019”). Essentially, the new… Read More »

Client Alert: Ojk Issues New Regulation On Multifinance Activities: Allowing Direct Cash Finance Loans & 0% Dp For Vehicle Financing

After almost five years, the Indonesian Financial Services Authority or OJK (Otoritas Jasa Keuangan) finally issued the long awaited new regulation governing multifinance activities in Indonesia, namely OJK Regulation No. 35/POJK.05/2018 on Multifinance Activities (“POJK 35”), replacing the previous OJK Regulation No. 29/POJK.05/2014 (“POJK 29”) on the same matter. The significant changes introduced by POJK… Read More »

OJK Issues Equity Crowdfunding Regulation

Towards the end of 2018, the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Regulation No. 37/POJK.04/2018 on Equity Crowdfunding (“OJKR 37/2018”) providing companies (particularly start-up companies) with an alternative for fundraising by way of offering equity securities directly to investors via an online platform operated by an equity crowdfunding operator (“Equity Crowdfunding”).… Read More »

Client Alert: BKPM Takes Over The OSS System

In its latest efforts to cut the red tape and simplify the licensing procedure, at the end of July 2018 the Government of Indonesia, through Government Regulation 24/2018 (GR 24/2018), introduced the Online Single Submission (OSS) system, which allows investors to apply for the various kinds of business licenses through the integrated OSS system. As… Read More »

Pre-construction marketing or presale of apartments– things to observe

In the last decade, real estate businesses in Indonesia, especially the development and sale of Apartments and condominiums (“Apartments”) have grown significantly. According to a reputable international property consultant, around 21,000 new Apartment units were expected to be developed by Indonesian Developers. With new Apartments growing rapidly in 2018, developers are racing to achieve higher… Read More »

Client Alert: Location Permit Integration Into OSS System

Under Indonesian law, a PMA is required to obtain a Location Permit (Izin Lokasi) from the relevant regional government or the Ministry of Agrarian Affairs and Spatial Planning/Head of the National Land Agency (“MAA”) to procure and/or utilize a plot of land for its investment purposes. However, it is important to note that the Location… Read More »