Regulation of the Minister of Foreign Affairs No. 10 of 2022 on the Protection, Facilitation and Recordation of Indonesian Foreign Investments
Enforcement Date: 5 April 2022
- Indonesian diplomatic and consular representatives working abroad (“Representatives”) must protect Indonesian investors who engage in foreign investments in the following ways: 1) Investment assistance and advocacy; 2) Reports on the implementation of projects that are set to be initiated or that are ongoing in the relevant receiving countries; and/or 3) Other types of protection, in accordance with provisions set under Indonesia’s national laws and local investment laws.
- Indonesian investors who engage in any foreign investments will be able to enjoy the following types of investment facilitation, among others: 1) Provision of general information on the geographies, economic conditions and laws and regulations of destination countries in relation to Indonesian foreign investments; 2) Information on Indonesian foreign investment potential and opportunities; 3) Provision of reviews of any investment barriers that are in force in recipient countries; and so forth.
- Representatives are required to record any data and information that relate to investments that are being undertaken by Indonesian investors in the countries/regions in which they are stationed. Said data and information comprise the following: 1) Identity of the Indonesian investor; 2) Form of investment; 3) Business sector/field; 4) Investment value/amount of capital invested; 5) Number of Indonesian migrant workers employed by the company; 6) Facilitation activities; 7) Policies that apply within the local country; and/or 8) Other data and information relating to Indonesian foreign investments.
More information on this regulation is provided in Hukumonline’s publication titled “Govt. Set to Introduce Protections, Facilitation and Recordation in Relation to Indonesian Foreign Investments,” as accessible to Hukumonline’s subscribers. For more details on the subscription, please contact Hukumonline’s team at marketing@hukumonline.com.
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