ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
On 23 December 2015, the Indonesian Ministry of Trade issued regulation 116/M-DAG/PER/12/2015 changing the registration provisions for foreign entities.
With the new provisions in place, the Trade Ministry delegates the organization and execution of the company registration to the Head of the Investment Coordination Agency ("BKPM") in the case of investments worth more than 100 billion IDR (ca. 7.16 million USD) and generating more than 1'000 work places for Indonesians.
This measure is likely to accelerate the registration procedure for particularly large foreign investments and is hence classified as green and trade-liberalising.
The regulation came into force on the day of its announcement, i.e. on 23 December 2015.
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