“The Indonesian government updated the business licensing process through GR 5/2021 on Risk-Based Business Licensing, regulating the construction services sector via the OSS RBA system. This update nullifies the previous CL 22/2019 provisions. In response, the Ministry of Public Works and Public Housing issued CL 21/2021, detailing procedures for fulfilling business licensing requirements, construction work […]
“Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) issued Bappebti Regulation No. 9 of 2019 (“PerBappebti 9/2019”) in July 2019 to amend Bappebti Regulation No. 5 of 2019 (“PerBappebti 5/2019. The regulation changed most of the capital requirement, the requirement, controlling party, and the possibility of becoming a crypto asset physical trader applicant instead of directly […]
“Financing company can be owned up to 85% by Foreigner. It offers a wide option of financing schemes, including but not limited to investment financing, working capital, multipurpose, and others scheme based on approval from OJK. Sharia financing scheme also accommodated by having a Sharia Business Unit (Unit Usaha Syariah / UUS) for conventional financing […]
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