The Indonesian government has been working hard to attract more foreign investment by expanding investment opportunities for foreign investors. On 2 February 2021, the Indonesian government issued new Presidential Regulation (Peraturan Presiden) No. 10 of 2021 on Investment Business Fields (Bidang Usaha Penanaman Modal) (“New Investment List”), which aims to attract more foreign investors by reducing the number of restricted business sectors. This New Investment List is set to take effect on 4 March 2021 and will replace the current negative investment list (Daftar Negative Investasi), as part of the reforms introduced under Law No. 11 of 2020 on Job Creation (Cipta Kerja) which is also widely known as the “Omnibus Law”.
If you would like information or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership or Makes whom you normally work with or any of the following:
Dr Yozua MAKES
Founder and Managing Partner
d +62 21 547 7181
e ymakes@makeslaw.com
Click here to see Dr Yozua’s CV.
Mark CHOY
Partner
d +65 6416 8014
e mark.choy@wongpartnership.com
Click here to see Mark’s CV.
Iwan SETIAWAN
Senior Partner
e setiawan@makeslaw.com
Click here to see Iwan’s CV.
James CHOO
Partner
d +65 6416 2418
e james.choo@wongpartnership.com
Click here to see James’ CV.
Fransisca
Partner
e fransisca@makeslaw.com
Click here to see Fransisca’s CV.
Daniel LEONARDO
Foreign Counsel
d +65 6517 3784
e daniel.leonardo@wongpartnership.com
Click here to see Daniel's CV.
Billy BERNARDUS
Partner
e billy@makeslaw.com
Click here to see Billy’s CV.