Indonesia to relax foreign investment rules

As part of its 16th economic package, the Government of Indonesia (GOI) announced on 16 November 2018 that in order to attract further foreign investment, it intends to relax the restrictions on foreign direct investment (FDI) in certain business sectors.

Reportedly and as originally envisaged by the GOI, 100 percent FDI will be allowed in 54 business sectors currently included in the 2016 negative list (2016 DNI) that up until now were closed or restricted for FDI. For certain sectors, the requirement for foreign investors to partner with a micro, small, and medium business or cooperative (MSMBC) and/or to obtain a recommendation from the relevant ministry will also be removed.

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