Indonesia’s Omnibus Law and New Investment List: New Opportunities for Foreign Investors

Presenter(s):

• 

  Jennifer Halim

  Manager, International Business Advisory
  

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Along with the aggressive socioeconomic and regulatory developments of its neighbors, Indonesia is going through a major regulatory reform to improve its business ecosystem, attract foreign investment, create jobs, and facilitate knowledge and technology transfer into the country. At the center of its reform, the Omnibus Law, which came into effect on November 2, 2020, is seen as a breakthrough of Indonesia’s legislation. The Omnibus Law comprehensively amends and harmonizes various sectoral laws in foreign investment, labor, taxation, and permits, among others to cut bureaucracy and liberalize foreign investment.   

 Following the enactment of the highly anticipated Omnibus Law, Dezan Shira & Associates and the Indonesian Ministry of Investment RI/BKPM held a webinar on May 27 to examine the key changes that it brings to foreign investment in Indonesia. 

Key topics:  

Legal updates on Indonesia’s investment regulations under the Omnibus Law  

• An introduction to the Omnibus law;
• Centralized investment services and facilities at the national and regional level; and
• New risk-based approach  

Highlights of Indonesia’s new investment list  

• Major changes in the new investment list;
• Priority sectors along with its fiscal and non-fiscal incentives;
• Business fields reserved for cooperatives and MSMEs subject to a partnership or closed for foreign investment; and
• Business fields open for foreign investors with certain limitations. 

We hope you find the webinar helpful. Should you have any further concerns or questions when applying the solutions brought up in the webinar, please do not hesitate to contact us.