Batavia Alerts
Urgent regulatory updates and compliance deadlines.
New Environmental Impact Assessment Requirements Effective February 2024
The Ministry of Environment and Forestry has issued new regulations on Environmental Impact Assessment (AMDAL) procedures, requiring updated assessments for existing projects and stricter requirements for new developments.
Deadline Reminder: Annual Corporate Reports Due January 2024
Listed companies must submit annual reports to OJK within 120 days of fiscal year end. Non-compliance may result in administrative sanctions and trading suspension.
BKPM Issues New Policy on Foreign Worker Permits
The Investment Coordinating Board (BKPM) has issued new streamlined procedures for foreign worker permits (IMTA), with mandatory online processing and reduced processing time from 15 to 7 working days.
Legal Updates on Use of Foreign Documents in Indonesia and Indonesian Documents Abroad
In 5 October 1961, the Hague Conference on Private International Law Conference organized a Convention on Abolishing the Requirement of Legalization for Foreign Public Document (Apostile Convention). Indonesia is not a party to the Apostile Convention; therefore, a longer procedure needs to be taken to use of the Indonesian documents abroad and foreign documents in Indonesia.
Legal Updates on Foreign Investment in Indonesia
Foreign investment for non-financial services sector in Indonesia is generally regulated under Law No. 25 of 2007 on Investment (Investment Law) and specifically regulated under the relevant government institution regulations and policies.
Legal Updates on Obligation To Use Indonesia Language In Agreements
On 30 September 2019, the President enacted Presidential Regulation No. 63 of 2019 on the Utilization of Indonesian Language, which clearly obliges any agreement involving an Indonesian party to be made in Indonesian language, or at least in dual language.
Legal Updates on Licensing Services for Industrial Companies
Under the Minister of Industry Regulation No. 38 of 2018 and the Minister of Industry Regulation No. 15 of 2019, the licensing services for industrial companies are provided through the Online Single Submission system (OSS system) and National Industrial Information System (SIINas).
Legal Updates on Announcement To Adjust Company's Business Activities
On 11 October 2018, the Ministry of Law and Human Rights (MOLHR) and the Ministry of Economic Coordinator (MEC) issued a joint announcement requiring every Indonesian company to adjust the wording of its business activities recorded in the Legal Entity Administration System with the applicable Industrial Standard Classification Code (KBLI).
Urgent: New OJK Regulations on Digital Financial Services
The Financial Services Authority (OJK) has issued new regulations governing digital financial services, requiring compliance by March 2024. Companies must assess their digital platforms and update compliance frameworks.
Legal Updates on Omnibus Law - Employment Cluster
Some changes to certain provisions in Law Number 13 of 2003 on Manpower (Manpower Law) are made under Law No. 11 of 2020 on Job Creation (known as Omnibus Law) on employment cluster, and it has been a hot topic of discussion within the society.
Legal Updates on Omnibus Law - Investment Cluster
On 2 November 2020, the President of the Republic of Indonesia enacted the Law No. 11 of 2020 on Job Creation (known as Omnibus Law). We set out below some crucial changes regulated under the Omnibus Law that have impacts on the investment law.
Legal Updates on Omnibus Law - Land Development Cluster
On 2 November 2020, the President of the Republic of Indonesia enacted the Law No. 11 of 2020 on Job Creation (known as Omnibus Law). We set out below some crucial changes regulated under the Omnibus Law that have impacts on the land development.