Indonesia’s New OSS License Application System: An Update

Following the issuance of Government Regulation No. 24 of 2018 (“GR 24/2018”) introducing an online-based system for processing and issuing certain business licenses, on 10 July 2018, the Investment Coordinating Board (Badan Koordinasi Penanaman Modal – “BKPM”) issued Announcement No. 2/Pengumuman (“Announcement”) stating that the One-Stop Integrated Services (Pelayanan Terpadu Satu Pintu – ”PTSP”) system is still open to provide services.

Regulation No. 24 of 2018 on Online Single Submission

The Indonesian Government has issued Regulation No. 24 of 2018 (“GR 24/2018”), which introduces the Online Single Submission (“OSS”) system.

Strengthening the Supervision of e-Money

Bank Indonesia has issued Regulation No. 20/6/PBI/2018 on Electronic Money (e-Money) (“PBI 20/6”) which revokes the previous regulation on e-Money.

AGMS and LKPM Reports

We would like to remind you of the Annual General Meeting of Shareholders (“AGMS”) that according to Article 78 (2) of the Company Law, must be held no later than 6 (six) months after the end of each financial year.

INDONESIA SIMPLIFIES THE HIRING OF FOREIGN MANPOWER

On 29 March 2018, President Joko Widodo issued Presidential Regulation Number 20 of 2018 on Foreign Manpower Utilization (“Presidential Reg 20/2018”). Presidential Reg 20/2018 aims to support the national economy and the expansion of employment opportunities through increased foreign investment and is part of President Joko Widodo’s current economic reform process.