9 August 2023 Clients’ Highlights – August 2023 Local Content Requirements – Impact to FDI Local Content and Its Design Local content requirements are put in place to push the use of domestic resources production processes within various sectors; these requirements mostly found in industrial and manufacturing sectors. The underlying thoughts of local content requirements…
21 June 2023 Compliance Bulletin – June 2023 International Sanctions Screening Sanctions screening is the process of determining whether a country sanctions a person, company, or other entity. In the financial services industry, this process would normally be part of the KYC (know-your-customers) process. Historically, sanctions screening has been a blind spot for business…
5 June 2023 Corporate Bulletin – June 2023 The Future of Healthcare Innovation – Overview of the Regulatory Sandbox Digital healthcare innovation in Indonesia is growing rapidly in the past years. In 2022 alone it is estimated that approximately 18 million health consultation activities were carried out through telemedicine companies. The development of formal laws…
07 March 2023 Immigration Newsletter – March 2023 Pre-investment Visa Regime in Indonesia In the past decades, Indonesia strives towards creating a conducive the investment climate within the country. The attempts are varied from streamlining the investment licensing process, revisiting import tariffs, to providing foreign investors with the ease to enter the country. The…
MNP CLIENT UPDATE On November 25th, 2021, the Constitutional Court through verdict Number: 91/PUU- XVIII/2021 stated that Law No. 11 of 2020 concerning Job Creation (Law No.11/2020) is conditionally unconstitutional because its formation was procedurally flawed. in making changes toward the existing laws, The Job Creation Law which was validated on November 2nd, 2020,…
Based on Article 33, Regulation of the Ministry of Manpower of the Republic of Indonesia Number 10 of 2018 On Foreign Workers Utilization Procedure, said that “The employer of foreign workers are required to report the implementation of foreign workers utilization every 1 (one) year to the Ministry of Manpower. The annual report must include…
As of 21 July 2021, based on Regulation No. 21 of 2021 on Restrictions on Foreigners From Entering Indonesia Territory During the Enforcement Period of an Emergency Public Activity Restrictions (Emergency PPKM). The Indonesian Government has updated the new travel restriction for all foreign nationals who are prohibited from entering Indonesia during the Emergency PPKM, which means…
The second wave of the Covid-19 pandemic that occurred in India a few months ago resulted in the issuance of a circular letter from the Director-General of Immigration on April 22, 2021. The circular prohibits foreigners who live In India to enter Indonesia or have a history of stopping in India for the last 14…