This chapter examines the legal system of Indonesia,...
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Indonesia Legal Framework
Chapter | Legal Framework from The Report: Indonesia 2020
Indonesia is the world’s 16th-largest economy and presents an enticing opportunity for investors, with ongoing reform efforts and attractive demographics. Meanwhile, a booming start-up ecosystem signals the country’s rising consumer power and regional influence. While headwinds are expected to follow Covid-19, Indonesia’s strong foundations will help maintain momentum in the medium to long term.
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Interviews & Viewpoints | Teguh Maramis, Senior Partner, Lubis Santosa & Maramis: Viewpoint from The Report: Indonesia 2020
The current government’s vision is clear: to develop our human resources skills to meet demand from various business sectors, and continue the development of infrastructure that has won praise both locally and internationally. The government insists that the only way to bring Indonesia into the top-five global economies by 2045 is by improving...
Articles & Analysis | Expanding e-governance and e-commerce in Indonesia from The Report: Indonesia 2020
Indonesia’s ranking on the ease of doing business index in the World Bank’s “Doing Business 2020” report remained at 73rd of 190 countries, the same position as one year prior. The introduction of various regulations and policies that were designed to be friendly to investors apparently have not succeeded in boosting Indonesia’s ranking to...
Indonesia is the world’s 16th-largest economy and presents an enticing opportunity for investors, with ongoing reform efforts and attractive demographics. Meanwhile, a booming start-up ecosystem signals the country’s rising consumer power and regional influence. While headwinds are expected to follow Covid-19, Indonesia’s strong foundations will help maintain momentum in the medium to long term.
Articles & Analysis | Upgrades to Indonesia's business-licensing framework to make the process more efficient and user friendly from The Report: Indonesia 2019
Fulfilling its commitment to simplify business licences in order to foster investment, in June 2018 the government issued Regulation No. 24 on Electronic Integrated Business Licensing Services (GR 24). GR 24 follows the 2017 Regulation No. 91 on Acceleration of Doing Business. Referred to as the online single submission (OSS) system, it...
Interviews & Viewpoints | Teguh Maramis, Senior Partner, Lubis Santosa & Maramis: Viewpoint from The Report: Indonesia 2019
Indonesia has been identified as one of Asia’s upcoming economies for quite some time. The political reforms of 1998 and the legislation of economic policies and business incentives that followed have brought us closer to that expectation, and the current administration has aimed to go further by bolstering foreign direct investment (FDI). In...
Chapter | Legal Framework from The Report: Indonesia 2019
This chapter examines the legal system of Indonesia, focusing on the issuance of Regulation No. 24 on Electronic Integrated Business Licensing Services. Under this regulation, a single online submission system was created to streamline the licensing process, combining licences for various regional and national institutions across a range of business sectors under one electronic system, and...