Description of Measure. Foreign investments established under Indonesiaâs Corporate Law are required to have any positions related to personnel affairs to be occupied by Indonesian nationals. Source of Measure: Law No. 13 of 2003 concerning Manpower; Presidential Decree No. 74 of 2014 concerning the Employment of Expatriates and the Implementation of Education and Training for Labor Companion; Minister of Manpower and Transmigration Decree No. 40 of 2012 concerning Certain Positions that are Restricted for Foreign Workers; and Presidential Regulation No. 20 of 2018 concerning the Employment of Expatriates.
Description of Measure. National Treatment and Senior Management and Board of Directors may not apply in the event where activities restricted to designated enterprises (4) are liberalized to those other than the designated entities, or in the event where such designated enterprise no longer operate on a non-commercial basis. Source of Measure:
Description of Measure. For companies/projects that are in existence before the entry into force of this Agreement, conditions imposed in their approvals for license/permits shall continue to apply. Any changes to these conditions shall be subject to approval. Source of Measure: Presidential Regulation of the Republic of Indonesia No. 44 of 2016 concerning Lists of Business Fields that are Closed to Investment and Business Fields that are Conditionally Open for Investment.
Description of Measure. 1. As may be required by the relevant regulatory authorities, a company in which foreign investors (5) own 100% shares, subject to prior notification before the grant of the license after certain period since commencement of commercial production, the said foreign investors should sell a part of the company's share to domestic investors (6).
Description of Measure. National Treatment and Senior Management and Board Directors may not apply to the establishment and operation of horticulture business activities in Indonesia, which include the following activities:
Description of Measure. Indonesia reserves the right to adopt or maintain any measure relating to the privatization, corporatization, commercialization or divestment of Government assets, entities or agencies, including:
Description of Measure. Indonesia reserves the right to adopt or maintain any measures with respect to special preferences given for Small and Medium Enterprises and Cooperatives ("Usaha Mikro, Kecil, Menengah xxx Koperasi" or UMKMK) in Indonesia (1).
Description of Measure. Indonesia reserves the right to adopt or maintain any measure relating to sectors other than those recognized or that should have been recognized owing to the circumstances at the time of entry into force of Investment Chapter by the Government of Indonesia. Any sector classified explicitly in ISIC Rev.3 at the date of entry into force of this Agreement should have been recognized by the Government of Indonesia at that time.
Description of Measure. Indonesia reserves the right to maintain any existing measures with respect to foreign investors or investments that have been overlooked, provided that the measures involved are already in force at the date of entry into force of this Agreement. When an overlooked measure is identified, it will be promptly inserted into Annex 1 of Indonesia's Schedule. If an overlooked measure referred to in paragraph 1 is identified, Indonesia will provide the other Party with details of the measure and the opportunity for consultations at least 90 days before including it in its Schedule. Indonesia will not withdraw a right or benefit from an investor that has made an investment in accordance with its laws and regulations, through the addition of an overlooked measure to its Schedule. Source of Measure: Government policy.
Description of Measure. National Treatment may not apply to measures relating to the procedural aspect of investment implementation licenses/permits (2) at the provincial level (3).
