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ARTICLE · 16 MAY 2014

Foreign investment in Indonesia: The more things change…

Corrs Chambers Westgarth
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The Investment Law provides that all business sectors are open to foreign investment, except those on the Negative List.

AustraliaGovernment, Public Sector
Jared Heath
Jared Heath
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Indonesia has released its much-anticipated updated foreign investment regulation. Some areas are now more open to foreign investment, while others have been restricted or closed.

FOREIGN INVESTMENT

Indonesia's Investment Law provides that all business sectors are open to foreign investment, except those listed in the Presidential Regulation commonly known as the Negative List.

The Negative List identifies the business sectors that are closed to foreign investment, or open subject to conditions. The sectors in the Negative List are derived from the Indonesian Standard Classification of Economic Activities (KBLI). Sectors that are open subject to conditions usually involve restrictions on the maximum foreign ownership permitted and sometimes specific requirements, such as approvals from specific ministries or agencies.

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