{"id":101564,"date":"2025-04-09T13:13:33","date_gmt":"2025-04-09T13:13:33","guid":{"rendered":"https:\/\/my.legal500.com\/guides\/?post_type=comparative_guide&#038;p=101564"},"modified":"2026-04-07T12:20:27","modified_gmt":"2026-04-07T12:20:27","slug":"indonesia-doing-business-in","status":"publish","type":"comparative_guide","link":"https:\/\/my.legal500.com\/guides\/chapter\/indonesia-doing-business-in\/","title":{"rendered":"Indonesia: Doing Business In"},"content":{"rendered":"","protected":false},"template":"","class_list":["post-101564","comparative_guide","type-comparative_guide","status-publish","hentry","guides-doing-business-in","jurisdictions-indonesia"],"acf":[],"appp":{"post_list":{"below_title":"<div class=\"guide-author-details\"><span class=\"guide-author\">NARA Law<\/span><span class=\"guide-author-logo\"><img src=\"https:\/\/my.legal500.com\/guides\/wp-content\/uploads\/sites\/1\/2025\/03\/NaraLaw-2.jpg\"\/><\/span><\/div>"},"post_detail":{"above_title":"<div class=\"guide-author-details\"><span class=\"guide-author\">NARA Law<\/span><span class=\"guide-author-logo\"><img src=\"https:\/\/my.legal500.com\/guides\/wp-content\/uploads\/sites\/1\/2025\/03\/NaraLaw-2.jpg\"\/><\/span><\/div>","below_title":"<span class=\"guide-intro\">This country specific Q&amp;A provides an overview of Doing Business In laws and regulations applicable in Indonesia<\/span><div class=\"guide-content\"><div class=\"filter\">\r\n\r\n\t\t\t\t<input type=\"text\" placeholder=\"Search questions and answers...\" class=\"filter-container__search-field\">\r\n\t\t\t<\/div>\r\n\r\n\t\t\t\r\n\r\n\r\n\t\t\t<ol class=\"custom-counter\">\r\n\r\n\t\t\t\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Is the system of law in your jurisdiction based on civil law, common law or something else?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Indonesia\u2019s legal system is based on civil law, primarily governed by statutes with its foundation rooted in Dutch law, customary law (<em>adat<\/em>), and and Islamic law in specific contexts (e.g., family and inheritance matters). While codified, judicial precedents are sometimes considered in rendering judicial judgement, although they are not binding. The government, as executive body, operates under a separation of powers, allowing provincial and local governments to create regulations (<em>peraturan daerah<\/em>) that align with national laws.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What are the different types of vehicle \/ legal forms through which people carry on business in your jurisdiction?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Generally, Indonesia recognises two types of business entities: legal entity and non-legal entity. The key difference lies in their legal status and liability.<\/p>\n<p>Legal entity:<\/p>\n<ul style=\"padding-left: 0\">\n<li>Limited Liability Company (<em>Perseroan Terbatas<\/em>) (\u201c<strong>PT<\/strong>\u201d).<\/li>\n<li>Foundation (<em>Yayasan<\/em>).<\/li>\n<li>Cooperative (<em>Koperasi<\/em>).<\/li>\n<\/ul>\n<p>Non-legal business entity:<\/p>\n<ul>\n<li>Limited partnership.<\/li>\n<li>Civil\/general partnership.<\/li>\n<li>Partnership.<\/li>\n<\/ul>\n<p>PT is the most common business entity in Indonesia due to its limited liability structure and well-defined capitalisation provisions. Under Law No. 40 of 2007 on Limited Liability Companies, as amended from time to time (\u201c<strong>Company Law<\/strong>\u201d), a PT is a legal entity with capital divided into shares, where ownership is proportional to the number of shares held. A PT can be publicly listed or privately held and must have at least two shareholders. Foreign investment often uses the PT structure as well (<em>Perseroan Terbatas Penanaman Modal Asing<\/em>) (\u201c<strong>PT PMA<\/strong>\u201d). Different scheme may also apply in the oil and gas sector where foreign companies through their Permanent Establishment (<em>Bentuk Usaha Tetap<\/em>) can engage in upstream oil and gas activities without having to form an Indonesian legal entity. These companies, however, are still required to maintain an office licensed by the Directorate General Oil and Gas.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Can non-domestic entities carry on business directly in your jurisdiction, i.e., without having to incorporate or register an entity?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>In general, a foreign business can enter Indonesia either by establishing a PT PMA or opening a Representative Office (\u201c<strong>RO<\/strong>\u201d). An RO functions solely as a liaison office for its principal, limited to non-revenue activities, such as marketing and promotion, including for market research and assessment as a part of market entry preparation, therefore, it is not allowed to engage in any revenue-generating activities such as sales and purchase activities. RO is further regulated under the Indonesian Investment Coordinating Board (<em>Badan Koordinasi Penanaman Modal<\/em>) (\u201c<strong>BKPM<\/strong>\u201d) Regulation No. 4 of 2021 on Guideline and Procedure for Risk-Based Business Licensing and Capital Investment Facilities (\u201c<strong>BKPM Reg. 4\/2021<\/strong>\u201d). Whereas in the oil and gas sector, there is a scheme which foreign companies can directly carry on business in upstream oil and gas activities without having to form an Indonesian legal entity.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any capital requirements to consider when establishing different entity types?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Capital requirements differ between locally owned PT and PT PMA. Under the Company Law, there is no minimum requirement for authorised capital amount. However, the Company Law requires a minimum of 25% paid-up capital to be placed and deposited.<\/p>\n<p>For PT PMA, the minimum investment value (consist of the paid-up capital, purchase of machinery and equipment, etc.) is over IDR 10 billion, excluding land and buildings per business field, with at least IDR 10 billion in issued and paid-up capital.<\/p>\n<p>Please note that the above capital requirement does not apply to RO.<\/p>\n<p>Certain highly regulated sectors are subject to specific capital requirements as set out in separate relevant regulations. For instance, banking, multi finance, insurance, and digital lending are governed by financial services regulations issued by the Financial Services Authority (<em>Otoritas Jasa Keuangan<\/em>), which impose higher capital threshold than the general foreign investment capital requirement. Similarly, payment service provider and payment system infrastructure provider are regulated under Bank Indoensia (\u201c<strong>BI<\/strong>\u201d) regulations.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">How are the different types of vehicle established in your jurisdiction? And which is the most common entity \/ branch for investors to utilise?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Establishing a local PT and PT PMA involves these stages:<\/p>\n<ul style=\"padding-left: 0\">\n<li>Compliance with shareholding limitations.<\/li>\n<li>Executing Deed of Establishment.<\/li>\n<li>Approval from the Minister of Law and Human Rights, now referred to as Minister of Law (\u201c<strong>MOL<\/strong>\u201d).<\/li>\n<li>Obtaining taxpayer registration.<\/li>\n<li>Acquiring Business Identification Number through the Online Single Submission (\u201c<strong>OSS<\/strong>\u201d) system.<\/li>\n<li>Opening a bank account in Indonesia.<\/li>\n<\/ul>\n<p>As for RO, its establishment can be done by submitting the required information and documents through the OSS system.<\/p>\n<p>Generally, a PT or PT PMA is considered legally established upon registration in the Ministry of Law (\u201c<strong>MOL<\/strong>\u201d), as reflected in the MOL Decree, which takes approximately 1 (one) month. However, the process of securing all necessary licenses to commence business activities may take longer, depending on the specific business line.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">How is the entity operated and managed, i.e., directors, officers or others? And how do they make decisions?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Under the Company Law, organs of a PT consist of: General Meeting of Shareholders (\u201c<strong>GMS<\/strong>\u201d), Board of Directors (\u201c<strong>BOD<\/strong>\u201d), and Board of Commissioners (\u201c<strong>BOC<\/strong>\u201d).<\/p>\n<p>The functions of each organ:<\/p>\n<ul style=\"padding-left: 0\">\n<li>The GMS serves as the highest governing body, holding authority over matters not entrusted to the BOD or BOC, as per the Company Law and the company&#8217;s articles of association (\u201c<strong>AOA<\/strong>\u201d).<\/li>\n<li>BOD is vested with the authority to conduct the day-to-day management of the company, with certain limitations provided in the AOA.<\/li>\n<li>The BOC is tasked with supervisory and advisory functions directed towards the BOD. While the BOC does not manage the company, the company&#8217;s AOA may grant the BOC the authority to approve specific management actions.<\/li>\n<\/ul>\n<p>Additionally, the AOA and\/or shareholders agreement may impose specific decision-making limitations on company organs, for example, requiring BOD decisions to obtain BOC approval, or BOC actions to be subject to GMS approval.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there general requirements or restrictions relating to the appointment of (a) authorised representatives \/ directors or (b) shareholders, such as a requirement for a certain number, or local residency or nationality?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p><u>PT<\/u><\/p>\n<p>A PT (including PT PMA) requires at least two shareholders and follows a mandatory two-tier board system with a BOD and BOC. Indonesian laws generally permits the appointment of foreign individual as director, provided they are not responsible for or involved in human resources functions, such as signing employment agreements, thereby implying that a foreigner cannot occupy a human resources director position. However, sectoral laws may also impose restrictions. It is advisable to appoint one local director for effective and compliance management.<\/p>\n<p>In certain cases, such as companies engaged in activities related to the managing public funds, issuing debt, or publicly listed, must have at least two members in the BOD and BOC.<\/p>\n<p>The Company Law allows anyone capable of conducting legal acts to be appointed as a member of BOD or BOC, unless, within five years prior to their appointment, they have:<\/p>\n<ul style=\"padding-left: 0\">\n<li>Been declared bankrupt;<\/li>\n<li>Served as a member of the BOD\/BOC of a bankrupt company; or<\/li>\n<li>Been convicted for a criminal offense related to state finances and\/or the financial sector.<\/li>\n<\/ul>\n<p><u>RO<\/u><\/p>\n<p>Under BKPM Reg. 4\/2021, an RO may be led by either a local or foreign citizen Chief Representative Office (\u201c<strong>CRO<\/strong>\u201d) who resides in Indonesia. The CRO must confirm they do not exceed the RO\u2019s scope and do not hold concurrent position in other companies or ROs. Additionally, in the event of the appointment of a foreign CRO, the RO must also employ Indonesian employees.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Apart from the creation of an entity or establishment, what other possibilities are there for expanding business operations in your jurisdiction? Can one work with trade \/commercial agents, resellers and are there any specific rules to be observed?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Other options to conduct business operations in Indonesia include:<\/p>\n<ul style=\"padding-left: 0\">\n<li><u>Strategic investment via shares purchase or subscription<\/u>. It is common for a foreign investor to purchase shares or subscribe newly issued shares in a company to be the minority shareholder, while simultaneously include and market their products or services within the company\u2019s business activities as a part of the investment arrangement under the shareholders agreement.<\/li>\n<li><u>Acquisition route<\/u>. Shares acquisition serves as the most direct approach to implement foreign direct investments, enabling them to control, manage and operate a company, potentially alongside the customer base, system, human resources, logistics, ecosystem and infrastructure. This will facilitate the rapid introduction of their products and\/or services in Indonesia.<\/li>\n<li><u>Appointing agency or distributors<\/u>. Engaging local agents or distributors to distribute its goods without direct investment. This arrangement is governed by a distributor or agency agreement, in accordance with Government Regulation No. 29 of 2021 on the Implementation of Trade Sector and several other Minister of Trade regulations.<\/li>\n<li><u>Franchising agreement<\/u>. Foreign businesses can become franchisors, by obtaining a license from the Ministry of Trade and operating under a franchising agreement.<\/li>\n<\/ul>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any corporate governance codes or equivalent for privately owned companies or groups of companies? If so, please provide a summary of the main provisions and how they apply.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Corporate governance in Indonesia is principally governed under the Company Law, especially for PT.<\/p>\n<p>Highly regulated sectors like financial services (e.g., banking, finance, insurance and capital market), issuers and public companies, are exclusively regulated by the Financial Services Authority. Specific industries like oil and gas and mining are also subject to additional specific compliance set by sectoral authorities, such as the Ministry of Energy and Mineral Resources.<\/p>\n<p>The Coordinating Ministry for Economic Affairs established the National Committee on Governance to promote the Indonesian Code of Good Corporate Governance (<strong>GCG Code<\/strong>). While non-binding, GCG Code offers guidelines for corporate governance practices. Aside from government regulations, internal documents such as the AOA, Company Regulations, and Code of Ethics are also guide governance.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What are the options available when looking to provide the entity with working capital? i.e., capital injection, loans etc.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Generally, working capital can be sourced from capital injections or loans. Loans may come from domestic financial institutions, other third parties (e.g., shareholders), or offshore sources. While offshore loans are permitted, they are subject to additional compliance requirements set by BI. It is important to note that most regulated financial businesses in Indonesia, including banks, multi-finance, insurance, etc., are prohibited from using loans as part of their initial paid-up capital required for licensing.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What are the processes for returning proceeds from entities? i.e., dividends, returns of capital, loans etc.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>The most common method is through dividends, which distribute a company&#8217;s profits on a pro-rata basis. While typically paid in cash, dividends can also be issued as non-cash assets.<\/p>\n<p>Another method is through facilitating share buybacks, where companies repurchase their own shares. This may include capital reduction, decreasing outstanding shares and potentially increasing the value of remaining shares. Companies with excess capital may return it to shareholders, either through cash payouts or by increasing the share\u2019s value.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are specific voting requirements \/ percentages required for specific decisions?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Voting rights are regulated under the Company Law and AOA of the company. Unless the AOA sets a higher quorum, below is general voting requirements under the Company Law:<\/p>\n<p><u>Convening GMS <\/u><\/p>\n<p>A GMS requires over half of the voting shares present or represented. If unmet, a second GMS with lower quorum requirement can be held.<\/p>\n<p><u>Amending AOA<\/u><\/p>\n<p>Any AOA amendments, require two-thirds of voting shares present or represented, and approval by two-thirds of vote. If unmet, a second GMS with lower quorum requirement may be held.<\/p>\n<p><u>Conducting Corporate Actions<\/u><\/p>\n<p>Corporate actions such as mergers, consolidations, acquisitions, separations, filing for company\u2019s bankruptcy, extending the company&#8217;s incorporation period, and dissolving the company, require GMS approval, with at least three-quarters of voting shares present or represented, and three-quarters of the votes in favor. If unmet, a second GMS with lower quorum requirement can be held.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are shareholders authorised to issue binding instructions to the management? Are these rules the same for all entities? What are the consequences and limitations?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>In Indonesia, shareholders generally cannot issue binding instruction to the management, as the BOD has the autonomy for day-to-day management of a company, except for matters specifically provided in the AOA. The vested rights of the shareholders may only be exercised through the GMS including their rights to receive dividends.<\/p>\n<p>Since the Company Law upholds the principle of separate legal personality, shareholders may be held personally liable to compensate for the company\u2019s losses that are attributable to, among others, the conflict of interest resulting from the exploitation of the company for their personal interest and\/or their involvement in the company\u2019s illegal activities,<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What are the core employment law protection rules in your country (e.g., discrimination, minimum wage, dismissal etc.)?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>The core employment law protection in Indonesia is Law No. 13 of 2003 on Manpower, as lastly amended by Law No. 6 of 2023 on the Enactment of Government Regulation in Lieu of Law Number 2 of 2022 on Job Creation into Law (\u201c<strong>Manpower Law\u201d<\/strong>). Provisions regarding employment are further stipulated under its implementation laws.<\/p>\n<p><u>Minimum Wage<\/u><\/p>\n<p>Indonesia\u2019s minimum wage is set on a regional basis by the relevant governor, meaning it varies across provinces and regions. As such, employers must comply with the prescribed minimum wage, except for micro and small enterprises, where wages can be mutually agreed upon between the employer and the employee.<\/p>\n<p><u>Working Hours<\/u><\/p>\n<p>A standard work-week in Indonesia consists of either (a) seven hours per day over six days or (b) eight hours per day over five days, with the total weekly working hours not exceeding 40 hours.<\/p>\n<p><strong>\u00a0<\/strong><u>Discrimination<\/u><\/p>\n<p>The Manpower Law ensures every employee\u2019s right to equal treatment without discrimination from the employer. This principle is further stipulated under the International Labour Organisation (ILO) Convention through Law No. 21 of 1999 on Discrimination in respect of Employment and Occupation.<\/p>\n<p><u>Dismissal of Employee<\/u><\/p>\n<p>Employers can terminate an employee upon the expiration of an employment contract, in cases of gross misconduct, and\/or other lawful grounds stipulated in the employment contract (<em>perjanjian kerja<\/em>), collective labor agreement (<em>perjanjian kerja bersama<\/em>), company regulations, and\/or relevant statutory provisions. In any case, employment relationship can be terminated on the basis of mutual agreement between the employer and the employee.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">On what basis can an employee be dismissed in your country, what process must be followed and what are the associated costs? Does this differ for collective dismissals and if so, how?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>The Manpower Law does not distinguish between individual or collective dismissal. Termination can be initiated by the employer based on the grounds set out in the Manpower Law, as also outlined in point 14 or through employee voluntary resignation. In the event of termination, employees are entitled to severance package comprising severance payment (<em>pesangon<\/em>), tenure awards (<em>penghargaan masa kerja<\/em>) and compensation for entitlements (<em>uang penggantian hak<\/em>), with the calculation varying based on their length or duration of service and the reason for termination. However, employers must make every effort to avoid termination.<\/p>\n<p>A recent development to the Manpower Law through Constitutional Court decision also holds that if an employee objects to termination, the issue must first be addressed through bipartite negotiations with the employer and the employee and\/or labor union. If no agreement is reached, the termination can only become effective once a final and binding court decision has been issued.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Does your jurisdiction have a system of employee representation \/ participation (e.g., works councils, co-determined supervisory boards, trade unions etc.)? Are there entities which are exempt from the corresponding regulations?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>In Indonesia, labor unions are recognised as representatives of employees, governed by Law No. 21 of 2000 on Labor Unions. This law upholds employees&#8217; rights to freedom of association and equal treatment under the law, including the right to form and join unions.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Is there a system governing anti-bribery or anti-corruption or similar? Does this system extend to nondomestic constellations, i.e., have extraterritorial reach?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Yes, under Law No. 31 of 1999 on Eradication of Criminal Acts of Corruption as lastly partially revoked by Law No. 30 of 2002 on Corruption Eradication Comission (\u201c<strong>Corruption Law<\/strong>\u201d). The law extends extrateritorial reach, punishing anyone outside Indonesia who assists, or facilitates corruption.\u00a0 This is reinforced by Law No. 1 of 2023 on the Criminal Code.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What, if any, are the laws relating to economic crime? If such laws exist, is there an obligation to report economic crimes to the relevant authorities?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>The umbrella regulations for economic criminal law in Indonesia are contained in\u00a0Emergency <strong>Law No. 7 of 1955<\/strong> on the Investigation, Prosecution, and Justice of Economic Crimes, along with its amendments. Other laws such as the <strong>Corruption Law<\/strong> and <strong>Law No. 7 of 1992 on Banking<\/strong><strong> as <\/strong>lastly amended by Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector,<strong> address sector-specific offenses.<\/strong><\/p>\n<p>Law No. 8 of 2010 on Prevention and Eradication of The Crime of Money Laundering (\u201c<strong>Money Laundering Law<\/strong>\u201d) also mandates the mandatory reporting of economic crimes to the relevant authorities (e.g., Indonesian Financial Transaction Report and Analysis Centre).<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">How is money laundering and terrorist financing regulated in your jurisdiction?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Matters related to money laundering and terrorist financing in Indonesia are primarily governed by the Money Laundering Law. Terrorist financing is specifically addressed under <strong>Law No. 9 of 2013<\/strong> on the Prevention and Eradication of Terrorism Financing Crimes. The Money Laundering Law prohibits actions such as transferring, converting, or exchanging assets known or suspected to be from criminal activity, including terrorism. It applies to both domestic and international criminal activities, covering assets obtained abroad.<\/p>\n<p>The Indonesian Criminal Code also regulates money laundering and terrorist financing, applying to individuals or corporations involved in concealing or transferring assets from criminal activities.<\/p>\n<p>Additionally, BI Regulation No. 10 of 2024 on the Implementation of Anti-Money Laundering, Prevention of Terrorism Financing, and Prevention of Proliferation Funding of Weapons of Mass Destruction for Parties Regulated and Supervised by Bank Indonesia shall also be applicable to entities defined therein.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there rules regulating compliance in the supply chain (for example comparable to the UK Modern Slavery Act, the Dutch wet kinderarbeid, the French loi de vigilance)?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Indonesia generally does not have specific regulation governing supply chain. However, Indonesia has ratified the Indo-pacific Economic Framework for Prosperity Agreement relating to Supply Chain Resilience (\u201c<strong>IPEF<\/strong>\u201d), focusing on supply chain resilience through international cooperation. Unlike the UK, Dutch, and French laws, IPEF emphasises economic stability and trade facilitation without binding due diligence requirements.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Please describe the requirements to prepare, audit, approve and disclose annual accounts \/ annual financial statements in your jurisdiction.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>BOD is required to submit an annual report to the GMS within 6 months of the fiscal year-end, including the financial statement, company activities report, and other information as detailed in Article 66 of the Company Law.<\/p>\n<p>For companies that are publicly listed, engaged in fund raising or management, state-owned, have assets\/turnover of IDR50 billion, issue public debt acknowledgement, or are legally required, the financial statement must be audited by a public accountant.<\/p>\n<p>If the report is incorrect and\/or misleading, the BOD and BOC may be held personally liable for any loss suffered by the company during the financial year unless they can prove no mismanagement and\/or negligence.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Please detail any corporate \/ company secretarial annual compliance requirements?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>A Company must submit its Investment Activity Report (<em>Laporan Kegiatan Penanaman Modal<\/em>) periodically: (a) semesterly for small-scale business, and (b) quarterly for medium and large-scale business, including foreign investment companies. However, micro-scale businesses and certain industries with specific reporting obligations, such as upstream oil and gas and banking, are exempted.<\/p>\n<p>Additionally, all companies must submit an annual manpower report every December or upon company establishment, re-operation, transfer, suspension of business, or dissolution.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Is there a requirement for annual meetings of shareholders, or other stakeholders, to be held? If so, what matters need to be considered and approved at the annual shareholder meeting?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>As mentioned in point 21 above, annual GMS must be held within 6 months after the fiscal year ends, with agenda includes approval to the BOD\u2019s annual report. GMS other than annual GMS may be held at any time if deemed necessary.<\/p>\n<p>The BOD has the right to call the convening of annual GMS. However, shareholder(s) who collectively holds at least 1\/10 shares in the company or BOC have the right to request the convening of annual GMS to the BOD, whereas the BOD must proceed such request by issuance of GMS notice no later than 15 calendar days from the date of the request.<\/p>\n<p>BOD must deliver GMS notice to the shareholders at least 14 calendar days prior to the date of the GMS.<\/p>\n<p>Unless otherwise specified in the company\u2019s AOA, annual GMS can be held if more than \u00bd of the total shares of the company present and\/or represented in the GMS. If such quorum is not fulfilled, a second GMS may be held with a quorum of 1\/3 of the total shares of the company. If the second GMS still does not reach the quorum, the third GMS may be held with quorum as determined by the chair of the district court.<\/p>\n<p>GMS notice for the second and third GMS shall be delivered no later than 7 days prior to the convening of such GMS which shall be held at the earliest 10 days or at the latest 21 days after the preceding GMS has taken place.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any reporting \/ notification \/ disclosure requirements on beneficial ownership \/ ultimate beneficial owners (UBO) of entities? If yes, please briefly describe these requirements.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Yes, under Presidential Regulation No. 13 of 2018 on Implementation of the Principle of Recognising Beneficial Owners of Corporations in the Framework of Prevention and Eradication of Money Laundering and Terrorism Financing Crimes, any corporations, including PTs, must disclose their UBO upon establishment and must update it annually.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What main taxes are businesses subject to in your jurisdiction, and on what are they levied (usually profits), and at what rate?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Indonesia imposes a flat Corporate Income Tax (\u201c<strong>CIT<\/strong>\u201d) rate of 22% on net taxable income for resident corporations. In addition, businesses which business line fall into service provisioning business (i.e. consultant, construction service) will also be subject to a 2% income tax in accordance to the provision of Article 23 of the income tax law, Law Number 7 of 1983 and its amendment.<\/p>\n<p>Businesses are also subject to an 11% Value-Added Tax on most goods and services, including imports. Furthermore, an annual Land and Building Tax is imposed on property holdings, with rates varying by region and property value.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any particular incentive regimes that make your jurisdiction attractive to businesses from a tax perspective (e.g. tax holidays, incentive regimes, employee schemes, or other?)<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Indonesia introduces tax holiday for pioneer industries in the form of deduction of CIT through Minister of Finance Regulation (\u201c<strong>MOF<\/strong>\u201d) No. 130 of 2020 on Provision of Corporate Income Tax Reduction Facilities, as lastly amended by MOF Regulation No. 69 of 2024, as follows:<\/p>\n<table style=\"font-size: 10px\" border=\"1\">\n<tbody>\n<tr>\n<td width=\"218\">Investment Plan (in Billion IDR)<\/td>\n<td width=\"189\">Period of Tax Holiday (in Years)<\/td>\n<td width=\"134\">Tax Holiday Rate<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">&gt;=100 to &lt;500<\/td>\n<td width=\"189\">5<\/td>\n<td width=\"134\">50%<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">&gt;=500 to &lt;1.000<\/td>\n<td width=\"189\">5<\/td>\n<td width=\"134\">100%<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">&gt;=1.000 to &lt;5.000<\/td>\n<td width=\"189\">7<\/td>\n<td width=\"134\">100%<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">&gt;=5.000 to &lt;15.000<\/td>\n<td width=\"189\">10<\/td>\n<td width=\"134\">100%<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">&gt;=15.000 to &lt;30.000<\/td>\n<td width=\"189\">15<\/td>\n<td width=\"134\">100%<\/td>\n<\/tr>\n<tr>\n<td width=\"218\">&gt;= 30.000<\/td>\n<td width=\"189\">20<\/td>\n<td width=\"134\">100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Import duty exemptions are available for priority sectors through BKPM. Businesses in a special economic zone (\u201c<strong>SEZ<\/strong>\u201d) also receive CIT and personal income tax holidays if aligned with SEZ\u2019s main industries.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any impediments \/ tax charges that typically apply to the inflow or outflow of capital to and from your jurisdiction (e.g., withholding taxes, exchange controls, capital controls, etc.)?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Yes, certain impediments and\/or tax are:<\/p>\n<ul style=\"padding-left: 0\">\n<li>Withholding Tax: 20% on dividends, interest, and royalties to non-resident, unless reduced by treaties. A 15% rate applies to Indonesian resident.<\/li>\n<li>Exchange Control: exporters of non-oil and gas natural resources must retain proceeds domestically for a minimum of one year.<\/li>\n<li>Capital Control: No restrictions on foreign capital inflows\/outflows.<\/li>\n<\/ul>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any significant transfer taxes, stamp duties, etc. to be taken into consideration?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p><u>Transfer Tax: <\/u><\/p>\n<ul style=\"padding-left: 0\">\n<li>Transfer of publicly listed shares: 0,1%<\/li>\n<li>Transfer of shares in private company: CIT 22% from capital gain for corporate shareholders or 35% individual income tax for individual shareholders (if any)<\/li>\n<li>Transfer of shares in private company by foreign tax subject: 5% from shares value<\/li>\n<li>Transfer of land and building: imposed by Duty on the Acquisition of Land and Building Rights rates vary depending on the region.<\/li>\n<\/ul>\n<p><u>Stamp Duty: Rp10,000<\/u><\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Are there any public takeover rules?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Indonesia\u2019s public takeover framework is primarily governed by the Financial Services Authority Regulation No. 9\/POJK.04\/2018 on the Takeovers of Public Companies. Upon acquiring control, the new controller must conduct a Mandatory Tender Offer (<strong>MTO<\/strong>) to purchase remaining shares from public shareholders, ensuring fair exit for the minority shareholders. If, after the MTO, the new controller\u2019s ownership exceeds 80%, they must divest shares to maintain at least 20% public ownership within two years to avoid delisting.<\/p>\n<p>The acquisition of a publicly listed company must also comply with the Company Law. Additionally, acquisitions in regulated sectors, like banking, insurance, or oil and gas, may be subject to additional requirements.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Is there a merger control regime and is it mandatory \/ how does it broadly work?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Indonesia\u2019s merger control regime is overseen by the Indonesia Competition Commission (<em>Komisi Pengawas Persaingan Usaha<\/em>) (\u201c<strong>KPPU<\/strong>\u201d), aimed at preventing anti-competitive practices and ensuring a fair competition. Transactions that meet specific asset or turnover thresholds must be notified to KPPU.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Is there an obligation to negotiate in good faith?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Article 1338 of the Indonesian Civil Code (\u201c<strong>ICC<\/strong>\u201c) mandates that an agreement must be executed in good faith.<\/p>\n<p>Further, the Company Law provides that mergers and acquisitions (\u201c<strong>M&amp;A<\/strong>\u201d) must consider the interests of:<\/p>\n<ul style=\"padding-left: 0\">\n<li>The company, minority shareholders, employee of the company;<\/li>\n<li>Creditors; and<\/li>\n<li>The public and fair competitions in doing business.<\/li>\n<\/ul>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What protections do employees benefit from when their employer is being acquired, for example, are there employee and \/ or employee representatives\u2019 information and consultation or co-determination obligations, and what process must be followed? Do these obligations differ depending on whether an asset or share deal is undertaken?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>It is imperative for a Company undergoing an M&amp;A to inform its employees about the transaction at least 30 days before the GMS approving the M&amp;A. Employees who object to working under new management have the right to terminate their employment and are entitled to severance packages as stipulated by the Manpower Law.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Please detail any foreign direct investment restrictions, controls or requirements? For example, please detail any limitations, notifications and \/ or approvals required for corporate acquisitions.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>Foreign direct investment in Indonesia is restricted based on the business line, as per the standard industrial classification (<em>Klasifikasi Baku Lapangan Usaha Indonesia<\/em>). Restriction applies to businesses that are: (a) closed to both foreign and domestic investment; (b) allocated for Micro, Small, and Medium Enterprises\/MSMEs; or (c) limited to the government and\/or state-owned enterprises. The restricted business lines are listed in Presidential Regulation No. 10 of 2021 on Investment Business Field as lastly amended by President Regulation No. 49 of 2021.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">Does your jurisdiction have any exchange control requirements?<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>BI Regulation No. 14\/23\/PBI\/2012 of 2012 on Fund Transfer requires outbound and inbound transaction to have an underlying document, approved by the relevant authority, specifying at least (a) reciprocity principles; (b) rights and obligations; (c) exchange rate, costs, and settlement mechanism; and (d) problem resolution procedures. Further, BI may set maximum limit on the outbound transfers from Indonesia.<\/p>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\t\t\t\t\t<li class=\"question-block filter-container__element\">\r\n\t\t\t\t\t\t<h3 class=\"filter-container__match-html\">What are the most common ways to wind up \/ liquidate \/ dissolve an entity in your jurisdiction? Please provide a brief explanation of the process.<\/h3>\r\n\t\t\t\t\t\t<button id=\"show-me\">+<\/button>\r\n\t\t\t\t\t\t<div class=\"question_answer filter-container__match-html\" style=\"display:none;\"><p>In Indonesia, voluntary company dissolution involves:<\/p>\n<ul style=\"padding-left: 0\">\n<li>Shareholder Resolution: GMS passes a dissolution.<\/li>\n<li>Appointment of Liquidator: A liquidator manages the liquidation process, including debt settlement and revocation of licenses and permits.<\/li>\n<li>Public Announcement: Dissolution is announced, and creditors are invited to submit claims.<\/li>\n<li>Regulatory Approval: The liquidator seeks MOL approval.<\/li>\n<li>Asset Distribution: Sells assets, settles debts, and distributes remaining assets to the shareholders.<\/li>\n<li>Final Reporting: Final report is submitted, and MOL removes the company from the registry.<\/li>\n<\/ul>\n<\/div>\r\n\r\n\r\n\t\t\t\t\t<\/li>\r\n\r\n\t\t\t\t\r\n<div class=\"word-count-hidden\" style=\"display:none;\">Estimated word count: <span class=\"word-count\">5059<\/span><\/div>\r\n\r\n\t\t\t<\/ol>\r\n\r\n<script type=\"text\/javascript\" src=\"\/wp-content\/themes\/twentyseventeen\/src\/jquery\/components\/filter-guides.js\" async><\/script><\/div>"}},"_links":{"self":[{"href":"https:\/\/my.legal500.com\/guides\/wp-json\/wp\/v2\/comparative_guide\/101564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/guides\/wp-json\/wp\/v2\/comparative_guide"}],"about":[{"href":"https:\/\/my.legal500.com\/guides\/wp-json\/wp\/v2\/types\/comparative_guide"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/guides\/wp-json\/wp\/v2\/media?parent=101564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}