The new “positive investment list” has finally been issued, replacing the “negative investment list”

03 March 2021

On 2 February 2021, the President of Indonesia issued Presidential Regulation No. 10 of 2021 on Investment Business Activities (New Investment Reg) as one of the implementing regulations to Law No. 11 of 2020 on Job Creation (commonly known as the Omnibus Law). The New Investment Reg revokes and replaces Presidential Regulation No. 44 of 2016 on List of Closed Business Fields and Open Business Fields with Requirements in the Investment Sector (Old Investment Reg), informally referred to as the “negative investment list”, and Presidential Regulation No. 76 of 2007 on Criteria and Requirements for the Formulation of Closed and Conditionally Open Business Fields in the Investment Sector.

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