Key point of President Regulation No. 10 of 2021 concerning the Investment Business Sector as amended by the President Regulation No. 49 of 2021 concerning Amendments to President Regulation No. 10 of 2021 concerning the Investment Business Sector

On February 2, 2021, the Government of Indonesia has issued President Regulation No. 10 of 2021 concerning the Investment Business Sector as amended by the President Regulation No. 49 of 2021 concerning Amendments to President Regulation No. 10 of 2021 concerning the Investment Business Sector (“PR 49/2021”) which was in effect at the time of its promulgation.

PR 49/2021 has revoked President Regulation No. 44 of 2016 concerning List of Closed Business Fields and Open Business Fields with Requirements in the Investment Sector (“PR 44/2016”). In PR 44/2016, there are 350 business activities with requirements in connection to foreign investment. However, PR 44/2021 provide only 37 business activities with requirements in connection to foreign investment activities. Therefore, PR 49/2021 is considered to increase the investment climate in Indonesia, especially for foreign investors in Indonesia.

Newsletter.

Stay updated with the latest news and other information. Sign up today!

Jl. Gandaria Tengah III/8 Kebayoran Baru Jakarta 12130 Indonesia

T: +62 21 722 7736, 722 7737
+62 21 720 8172, 720 2516

F: +62 21 724 4579, 725 7403
 E: general@tumbuanpartners.com

Copyright © 2021 Tumbuan & Partners