ANNOUNCEMENT 01 Feb 2012In February 2012, the government of Indonesia announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Regulation 18/PMK.010/2012 (in Bahasa Indonesia):
English translation of regulation 18/PMK.010/2012:
On 1 February 2012, the Indonesian Ministry of Finance issued regulation 18/PMK.010/2012 updating the regulations on venture capital companies. The changes included an increased maximum paid-in capital of 85% by foreign entities (art. 20 of the regulation). Previously the maximum cap was set at 80% (cf. Related Measures).
The regulation came into force on the day of its issuance.