Issuance of Government Regulation No. 24 of 2018 on Electronic Integrated Business Licensing Services
17 Jul 2018
On 21 June 2018, Indonesia issued Government Regulation No. 24 of 2018 on Electronic Integrated Business Licensing Services (GR No. 24/2018). The change abolishes approval from BKPM (Badan Koordinasi Penanaman Modal, Indonesian Investment Coordination Board) for many corporate actions involving a foreign investment company (e.g. change of shareholders, change of capital structure and/or conversion of a domestic company into a foreign investment company).
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Promotion and facilitation (Investment facilitation )
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