ANNOUNCED AS TEMPORARYNo
On 29 October 2012, the Ministry of Trade issued regulation 68/M-DAG/PER/10/2012 on Franchising of Modern Store Businesses. The legislation introduces the following regulations:
The regulations have to be implemented within 5 years after the Minister's Regulation. This has to be achieved by changing the ownership of at least 20% of the outlets requiring the change annually.
In 2010, out of 370 major players of the Indonesian franchise industry, 278 were foreign (Indonesian Franchise Association).
The affected trading partners were found by taking the top foreign franchisees in Indonesia (>1 billion Rp.).
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