On 5 October 2020, the House of Representatives and the Indonesian Government passed the Omnibus Law Bill which has been enacted as Law No. 11 of 2020 on Job Creation (“Job Creation Law”). Almost 30 days after being passed, on 2 November 2020, the Indonesian President signed the draft bill. The Job Creation Law amends (with the intention of simplifying) various regulations on licensing procedures, investment requirements, manpower, immigration, export-import requirements, land procurement and special economic zones, with the main focus being on creating jobs.
Find out more about it by downloading the Advisory below.