BKPM to issue Letter of Support for Foreign business rep. and experts visiting Indonesia

BKPM to issue Letter of Support for Foreign business rep. and experts visiting Indonesia

The Indonesian Investment Coordinating Board (BKPM) is offering to issue Letter of Support for the Visit of PT PMA Representatives and Foreign Experts during the COVID-19 pandemic. On June 11, 2020, the Investment Coordinating Board (“BKPM”) issued Announcement Number 8 of 2020 on the Submission Flow of the Issuance of Letter of Support for the…

Covid 19: GUIDELINES TO LIQUIDATE COMPANY IN INDONESIA

Covid 19: GUIDELINES TO LIQUIDATE COMPANY IN INDONESIA

The coronavirus pandemic is causing serious financial distress for businesses around the world, and many companies are simply unable to continue due to the effects on trade of lockdown and other measures put in place to protect our health. A shortage of cash is always a huge issue for businesses, even under normal trading conditions,…

What You Need to Know about Foreign Direct Investment in Indonesia

What You Need to Know about Foreign Direct Investment in Indonesia

Foreign direct investment Indonesia is an investment made by a company or a person in a business interest-based in Indonesia. In open economies, it is usually done in contrast to tightly manage economies that deliver qualified workers and over-average opportunities of growth for investors. Foreign direct investment is often more than an investment in equity….

Steps to Start a Company in Indonesia

Steps to Start a Company in Indonesia

Indonesia has become a country with massive economic growth, garnering attention from investors and entrepreneurs all over the world. With the many startups and available business ventures, it is possible for anyone, including foreigners, to start their own company in Indonesia. Of course, several steps needed to be done before establishing a well-operated Indonesian company….

Ministry of Trade Regulation number 39 year 2020 on Provisions and Procedures of Issuance Certificate of Origin for Goods of Indonesian Origin

Ministry of Trade Regulation number 39 year 2020 on Provisions and Procedures of Issuance Certificate of Origin for Goods of Indonesian Origin

To ensure the smooth flow of goods and improve the effectiveness of the issuance of Certificate of Origin (SKA) for Goods from Indonesia in the context of exports in accordance with international trade agreements that are in force, it is necessary to make adjustments to the procedure for issuing Certificates of Origin. The issuance of…

Indonesian Trade Law  Regulation on Prohibited Goods from Being Imported

Indonesian Trade Law Regulation on Prohibited Goods from Being Imported

On February 6, 2019 the Indonesian government has legislated Minister of Trade Regulation No. 12 of 2020 concerning Imported Prohibited Goods (“MOT Regulation No. 12/2020”). MOT Regulation No. 12/2020 is the implementing regulation of Law No. 7 of 2014 concerning Trade (“Trade Law”) which stipulates that importers are prohibited from importing certain goods. Importers are…

Covid 19: Indonesian Bankruptcy and PKPU Proceedings

Covid 19: Indonesian Bankruptcy and PKPU Proceedings

The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to check the spread of the virus, the Indonesian government has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most businesses to cease or at least pare down…

Indonesian Government Issued Regulations for More Simple and Speedy Licensing in the Midst of Covid 19 Pandemic

Indonesian Government Issued Regulations for More Simple and Speedy Licensing in the Midst of Covid 19 Pandemic

Indonesian government has issued Presidential Regulation Number 58 of 2020 regarding the Arrangement and Simplification of Import Licensing (“PR 58/2020”), on April 8, 2020, and Presidential Regulation Number 59 of 2020 regarding the Amendment of Presidential Regulation Number 71 of 2015 on the Stipulation and Storage of Essential Goods and Basic Commodities (“PR 59/2020”). PR…