NEW REGULATION ON CAPITAL INVESTMENT LICENSING AND FACILITIES

The implementing regulations of Law No. 11 of 2020 on Job Creation (“Job Creation Law”) have been issued, leading to the following interesting updates on land issues. One of them is due to the issuance of Government Regulation No. 20 of 2021 on the Control of Abandoned Zones and Land (“GR 20/2021”), which came into effect on 2 February 2021.

The Ministry of Public Works and Housing (“MPW”) has issued the Circular Letter No. 21/SE/M/2021 on The Procedures for Fulfillment of the Business License Requirements, the Implementation of Construction Work Competence Certification, and the Implementation of Business Entity Certificates and Construction Work Competence Certificates (“Circular Letter”).

Issue 2, February 2024 | This Advisory will highlight the key changes under Government Regulation No. 49 of 2023.

The Financial Services Authority (“OJK”) issued OJK Regulation No. 37/POJK.04/2018, on 31 December 2018 on equity crowdfunding services (the “Crowdfunding Services”) which allow offers of shares for sale by an issuer directly to investors through an open information technology system (“POJK 37/2018”).