New regulation clarifies guidelines and procedures for FDI
29 Jul 2019
Indonesia's Investment Coordinating Board (BKPM) has issued a new regulation amending BKPM Regulation 6/2018, which sets out guidelines and procedures for licensing and facilities under Indonesia's foreign direct investment (FDI) regime. BKPM Regulation 5/2019 came into effect on 29 July 2019.
Changes introduced by Regulation 5/2019 include:
- the reaffirmation that certain FDI companies must comply with divestment obligations;
- the incorporation of provisions on the fulfillment of FDI companies' divestment obligations; and
- the confirmation that shareholding foreign directors and commissioners are exempt from the general expatriate employment rules (subject to a minimum shareholding threshold).
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Treatment and operation (Operational conditions , Other)
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