
Publication
Navigating the IPO
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Author:
Indonesia | Publication | September 2019
The Indonesian Investment Coordinating Board (BKPM) enacted BKPM Regulation 5/2019 to amend last year’s implementing regulation on guidelines and procedures for licensing and facilities under Indonesia’s foreign direct investment (FDI).
The new regulation particularly includes requirements on divestment obligations for foreign direct investment companies.
The abovementioned foreign worker must be stated in the FDI company’s Articles of Association and other documents that affirms the legality of the foreign worker’s status as shareholder of the relevant FDI company.
BKPM Regulation 5/2019 further clarifies the implementation of the Online Single Submission System (OSS), a one-door online portal for business licencing that was introduced by the Indonesian government in 2018. The OSS was launched in answer to potential and current investors’ complaint on the lengthy and complicated bureaucracy in setting-up businesses in Indonesia.
The OSS system is currently undergoing further harmonization with systems at the provincial government level and further amendments to simplify the investment regime in Indonesia are expected.
Publication
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Publication
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