Background BKPM holds 2 (two) types of services on investment activity for the investor in the territory of Indonesia, which is the licensing service and the non-licensing service. Based on Article 1 paragraph 6 of Regulation of Chairman of BKPM Number 12 of 2009 (“Perka BKPM 12/2009”), what is included in the licensing services is…Read more
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Background The transfer of ownership of foreign shares for a domestic investment company occurs when domestic investment company conducts a change in the company’s capital as a result of the entry of foreign capital which causes some or all the company’s capital becomes a foreign capital.Conversion of Domestic Investment Company to Foreign Investment Company In…Read more
Background Foreign Company Representative Office/ Kantor Perwakilan Perusahaan Asing (KPPA) is the representative office established by foreign company or foreign companies outside the territory of Indonesia with a view to manage the interests of the company or the affiliated companies in Indonesia and/or in other countries and/or to prepare the establishment and development of foreign…Read more
Background The scope of investment services which includes the activity held by BKPM aside from the licensing services are the non-licensing services. Article 1 paragraph 6 of Regulation of Chairman of BKPM No. 12 year 2009 (“Perka BKPM 12/2009”) stated the definition of non-licensing services as all types of convenience services, fiscal facilities, and information…Read more
Background To create an order in the investment activity, the authorized body needs to set out a line of licensing process before an investor could conduct the investment activity in the territory of Indonesia. Investment Coordinating Board (Badan Koordinasi Penanaman Modal) (“BKPM’) introduced a system, namely Integrated One Door Service (Pelayanan Terpadu Satu Pintu) (“PTSP”)…Read more
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