Monday, May 30, 2016
Expanded Indonesian FDI rules
Changes to Indonesia's negative investment list of interest to IP owners have been announced. The country needs to attract more foreign investment and to compete within the ASEAN Economic Community ;laucned in 2016. Areas now with expanded conditional foreign investment (the condition being 67% ownership limits) include certain hotels, department stores, telecoms and data centres. Retail and internet delivery services are now open to conditional foreign investment (the condition being partnership with an SME). Film production is now 100% derestricted so are cafes, bars and restaurants.