Special Economic Zones (SEZ) are designed by the Indonesian Government to accelerate economic development by encouraging new centers of economic growth with high competitiveness. So far, the Special Economic Zones (SEZ) have been developed in various regions in Indonesia, based on the demographic potential and accessibility of the region to global markets to attract more
As the fourth most populous country in the world with young work force and large and growing domestic market, Indonesia has become one of the leading economies in the world and a hub for Foreign Direct Investment (FDI). Most of the industries and other business activities in Indonesia are open for foreign investment except those
Requirements to obtain Business License for Transportation Management Services (Jasa Pengurusan Transportasi) for Joint Ventures and Foreign Investment Companies (PMA – Penanaman Modal Asing) from BKPM (Indonesia Investment Coordinating Board) are as follows: Administrative requirements: Application letter addressed to Head of BKPM (Indonesia Investment Coordinating Board) Copy of Article of Association (Akta Pendirian Perusahaan) and
The new Negative Investment List (Daftar Negatif Investasi) 2016 is released on 18 May 2016 in the form of Regulation of President of Indonesia No. 44 Year 2016 regarding Opened and Closed Business Fields for Foreign Investment (Peraturan Presiden Republik Indonesia Nomor 44 Tahun 2016 Tentang Daftar Bidang Usaha yang Tertutup dan Bidang Usaha yang
In accordance with Indonesian Company Law No. 40 year 2007 (Undang-Undang Republik Indonesia nomor 40 Tahun 2007 tentang Perseroan Terbatas) a “Limited Liability Company” (PT-Perseroan Terbatas) means a legal entity which constitutes a coalition of capital established agreeable to a contract in order to carry out business activities with an authorized capital all of which
In accordance with Indonesian Company Law No. 40 year 2007 (Undang-Undang Republik Indonesia nomor 40 Tahun 2007 tentang Perseroan Terbatas) a “Limited Liability Company” (PT-Perseroan Terbatas) means a legal entity which constitutes a coalition of capital established agreeable to a contract in order to carry out business activities with an authorized capital all of which
In accordance with Article 57 of the Indonesian Marriage Law (Law No. 1 Year 1974) Mixed Marriage (Perkawinan Campuran) in Indonesia is defined as a marriage between two peoples who are subject to different laws, due to differences in their nationality. Thus, marriage between an Indonesian citizen (citizen), with foreign national is a Mixed Marriage
On 23 October 2015, Minister of Manpower of Republic of Indonesia issued Regulation No. 35 Year 2015 which is an Amendment to New Manpower Regulation No. 16 Year 2015 Regarding Procedures for Employment of Foreign Labor in Indonesia. This regulation amended some of the articles stipulated in the prior issued regulation which eases the Work
Naming a Limited Liability Company (Perseroan Terbatas) can be a troublesome activity in Indonesia. The name of the company must be checked and registered in Ministry of Law and Human Right at the beginning of Company Formation Process. This process is carried out by a Public Notary and can take 3-5 working days. The investor
While Conversion from ITAS-Izin Tinggal Terbatas (Limited Stay Permit) to ITAP-Izin Tinggal Tetap (Permanent Stay Permit) Apakah Saudara/saudari/ dalam keadaan sehat jasmani dan rohani? (Are you in good health physically and mentally?) lya, Saya pada hari ini dalam keadaan sehat jasmani dan rohani. (Yes, I am in good health physically and Mentally today.) Bersediakah