ANNOUNCEMENT 08 Oct 2015In October 2015, the government of Indonesia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
BKPM regulation 14/2015 (in Bahasa Indonesia)
Secondary Source (in English)
On 8 October 2015, the Indonesian Investment Coordinating Board ("BKPM") announced regulation 14/2015 on investment licenses.
The main amendment is the creation of a special category of foreign investments worth at least 100 billion IDR (ca. 7.35 million USD; based on the exchange rate on the inception date) and/or employing minimum one thousand domestic workers. For this type of large foreign investments, investment licenses will be issued within three hours of application.
The regulation came into force on 26 October 2015. It is part of the second stimulus package announced by the Indonesian government in September 2015 (cf. Related Measures).