The Job Creation Law was an essential component of the government’s plan to increase Indonesia’s competitiveness and to adapt to the demands of the global economy. It was hoped to improve the country’s investment ecosystem, both foreign and domestic by, among other things, simplifying business licensing, the prerequisites for investment, and the overall ease of doing business.
We collaborated with indonesia expat to review the impact of the Job Creation Law and its implementing regulations on foreign investment. In this article, our Associates Natania Lie and Gissela Octavianty go over the business fields that are reserved from the central government the different categories of business activities that are open to foreign investment.
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