In October, the Government issued a new regulation that makes significant changes to Indonesia’s investment regime and, more particularly, to the applicable procedures for establishing, licensing and ensuring compliance by companies and other business actors.
Subject to a couple of exceptions, the investment regime changes are generally positive and address, among other things, a number of long-standing objections to Indonesia’s foreign investment company establishment procedures.
As the local energy, infrastructure and mining industries continue to attract major investment from both local investors and foreign investors, it is important that actual and potential investors in these industries understand what the investment regime changes mean for them.
In this article, the writer will review some of the more significant investment regime changes, with an emphasis on the likely implications of these changes for foreign investors.
Author:
Bill Sullivan (bsullivan@cteolaw.com)