In August 2023, Indonesia ratified Financial Services Authority Regulation No.14 of 2023 concerning Carbon Trading Through Carbon Exchange (“POJK No.14/2023”). This opens up attractive investment opportunities for foreign nationals interested in participating in carbon market in the country. The regulations outlined below identify several opportunities for foreign investors interested…

KITAS Investor is an immigration product specifically designed for investors who make investments in companies in Indonesia. This document grants a limited stay permit to foreigners in Indonesia, and it is a part of the Indonesian government’s efforts to enhance the investment climate in the country. Although KITAS stands for “Kartu Izin Tinggal Terbatas” (Limited Stay Permit Card), the Indonesian government no longer issues physical cards for this purpose. Instead, it is now commonly referred…

The Industrial Area plays an exceedingly strategic role as an industrial infrastructure in achieving spatial compatibility, industrial dispersion, and environmental sustainability. This is in accordance with the mandate of Article 106 of Law Number 3 of 2014 concerning Industry (“Law No.3/2014”), which imposes the obligation for new industries to be situated within the Industrial Area.

In recent years, the world has witnessed rapid developments in the financial sector, particularly with the emergence of cryptocurrencies. This phenomenon has profoundly transformed the global economic landscape and captured the attention of diverse stakeholders, ranging from professional investors to everyday internet users. Cryptocurrencies, such as Bitcoin, Ethereum, and numerous others, have become subjects of heated discussions and consistently dominate news and media dialogues.

Indonesia, a nation composed of multiple islands blessed with a diverse array of natural resources, includes valuable mineral resources among its treasures. Within this category, mining commodities encompass both coal and various minerals. As outlined by the Geological Agency of the Ministry of Energy and Mineral Resources of Indonesia (ESDM), the country’s mineral resources are divided into two main groups: metallic minerals and non-metallic minerals…

Disputes within the realm of labor can lead to the termination of employment (PHK). Before carrying out the PHK, specific procedures must be adhered to. Termination of employment entails responsibilities for employers, including the provision of compensation to employees. However, it is essential to note that compensation does not always involve severance pay. The Regulation in Indonesia which regulate the Termination Of Employment…

Overtime pertains to the laborious dedication of employees beyond their regular working hours. An employee is deemed to be engaged in overtime if they surpass 7 (seven) hours of work in a day and 40 (forty) hours in a single week, encompassing 6 (six) working days, or 8 (eight) hours per day and 40 (forty) hours in a week, comprising 5 (five) working days. Additionally, this includes work carried out during the working hours of weekly rest days and/or official holidays as designated by the government.

The Indonesian government has recently issued Government Regulation No. 12 of 2023 concerning the Granting of Business Licenses, Business Ease, and Investment Facilities for Business Actors in the New Capital City of Nusantara (“GR 12/2023”), which came into effect on March 6, 2023. GR 12/2023 contains regulations regarding foreign workers who are permitted to work in the Capital City of Nusantara (Ibu Kota Nusantara or IKN). According to Article 22, business actors conducting activities in the IKN…

President Joko Widodo has recently issued Government Regulation No. 25 of 2023 concerning Mining Areas (“GR 25/2023”). This Government Regulation comes into effect on May 5, 2023. It governs various aspects of mining area, including permits for radioactive mineral mining known as Wilayah Izin Usaha Pertambangan or WIUP. As defined in Government Regulation No. 52 of 2022, radioactive minerals are minerals used as raw materials for nuclear fuel production, which are the primary products of nuclear mineral mining activities.

President Joko Widodo announced that Indonesia will impose a bauxite export ban starting in June 2023 to promote domestic processing of its mineral resources. The ban is in line with Minister of Energy and Mineral Resources Regulation No. 17 of 2020 concerning the Third Amendment to Energy and Mineral Resources Regulation No. 25 of 2018 concerning Mineral and Coal Mining Business (“MEMRR 17/2020”) and…