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The growth in the Indonesian tourism industry may proliferate lately, as the government is ambitious to be a world-class sustainable tourist destination not only about the number of tourists but also with the investment. Bali is still the number one destination for foreigners to invest in the Tourism Industry, including Property Tourism Investment in Indonesia. Gaffar & Co. Law Firm have successfully assisted Client in establishing a Property Tourism Investment
“The purpose of LKPM serve as means of conveying report on investment realization and communication between BKPM and business actors, including the PMA Company.” Law Number 25 of 2017 on Capital Investment (“Investment Law”) has obliged all business actors to create Investment Activity Report (“Laporan Kegiatan Penanaman Modal” or “LKPM”) and submitted to Indonesia Investment Coordinating Board (“Badan Koordinasi Penanaman Modal” or “BKPM”) in quarterly. The purpose of LKPM serve
”The Parties that conduct E-Commerce activity has legal compliance including specific license, namely SIUPMSE, obligation to have Electronic System Provider Certificate, use an Indonesian domain name (dot id), and so forth.” To face the growth of Electronic Commerce (“E-Commerce”) activity in Indonesia, Indonesia Government has issued the Government Regulation No. 80 of 2019 on Commerce through Electronic System (“GR 80/2019”) and Regulation of Minister of Trade No. 50 of 2020
“As a relatively recent business field in Indonesia, the operation of Web Portal has not been thoroughly or specifically regulated. However, considering the enormous scope of the business field, multiple laws and regulations apply to the business field of Web Portal by inference.” In Indonesia, business fields are regulated in a standard classification. In an attempt to accommodate the growing market sectors, this classification is constantly updated. Currently, business fields