ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
According to article 6(3) of the BKPM regulation 13/2017, the subsidiaries of foreign investment companies ("Penanaman Modal Asing") will be required to convert from domestic investment companies (Penanaman Modal Dalam Negeri) into PMAs. The regulation does not set out a deadline for this transformation but requires the subsidiaries to be classified as PMAs during a corporate action, e.g. a merger or a stock split.
Regulation 13/2017 came into force on 2 January 2018 at the central level and will come into force on the provincial level at the latest on 2 July 2018.
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