Asia Newsletter

The Long Wait Is Over - The Indonesian Government Finally Releases the New Positive Investment List

Asia Newsletter

On 2 February 2021, the President of the Republic of Indonesia finally enacted a new regulation on investment as one of the implementing regulations of Law No. 11 of 2020 on Job Creation (“Omnibus Law”), i.e. Presidential Regulation No. 10 of 2021 on Capital Investment Business Sector (“PR 10/2021”). The new regulation became effective on 4 March 2021. PR 10/2021, known as the Positive Investment List, effectively revokes Presidential Regulation No. 44 of 2016 on the List of Closed Business Sectors and Open Business Sectors with Requirements in the Capital Investment Sector (“PR 44/2016”), also known as the “Negative List”, and drastically loosens the restrictions on foreign investment in Indonesia.…To read the full article, please see the PDF file

*This article is also available in Japanese.

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