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AGM REMINDER 2016

For those companies who have completed their tax reporting responsibilities for the 2015 accounting year, it is time to turn the board’s attention to the Annual General Meeting (“AGM”).

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RECENT REVISIONS TO INDONESIA'S NEGATIVE INVESTMENT LIST

The Indonesian Government has released the long-awaited revision to its Negative Investment List (DNI).

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LAW ON THE GUARANTEE BUSINESS

In an attempt to strengthen the legal basis of the guarantee business and to make sure that small-to-medium sized enterprises and cooperatives have access to credit, the Government of Indonesia on 15 January 2016 issued Law No. 1 of 2016 on Guarantees (“Guarantee Law”).

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IMPORT IDENTIFICATION NUMBERS REGULATIONS

The Minister of Trade (“MOT”) Regulation No. 70/M-DAG/PER/9/2015 on Import Identification Numbers (“API”), issued in September 2015 (“MOT Reg 70/2015”)

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FOREIGNERS TO HOLD PROPERTY IN INDONESIA

The rising number of foreigners working in Indonesia, as a consequence of the ASEAN Economic Community, has prompted the Indonesian Government to re-regulate the status of foreign ownership of property in Indonesia.

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