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Important Note on the Terms of Use of Foreign Workers for Start-ups According To the Job Creation Law
Important Note on the Terms of Use of Foreign Workers for Start-ups According To the Job Creation Law Important Note on the Terms of Use of Foreign Workers for Start-ups According To the Job Creation Law Although the responsibility of digital start-up companies regarding the terms of use of expatriate is not directly mentioned, the…
Read MoreA Dividend Distribution Procedure in Indonesia
A dividend distribution is important not exclusively to companies but also to the shareholders of those companies. As for the company, it is one of the indicators that shows whether or not the company is being run in the right and proper way. As for the shareholders, it is one of the most profitable side…
Read MoreIndonesia Visit Visa Can Be Extended, Foreign Visitor No Longer Need To Worry Anymore
“Indonesia visit visa can be extended once for maximum 30 days from the end of visit visas” Various cultures, natural beauty, and culinary in Indonesia have increasingly attracted foreign tourists. As you may notice that in every year, the numbers of foreign tourist visits to Indonesia Indonesia keep growing. Data from the Ministry of…
Read MoreValidity of Electronic Signatures in Online Transactions In Indonesia
Electronic signatures can be utilized to validate a document or contract between two parties without the needs of having a face-to-face meeting. It is really efficient for online-based companies and people whose activities are usually done online. Aside from the functionality and practicality of electronic signatures, one question frequently arises in the minds of the…
Read MoreBKPM to standardize investment procedures, forms
The Investment Coordinating Board (BKPM) plans to create one-size-fits-all standards to better serve potential investors across the country, in response to complaints about different registration forms and procedures in various regional administrations. BKPM head Thomas “Tom” Lembong told 531 representatives of regional investment agencies (DPM PTSP) during the BKPM National Coordination Meeting in Nusa Dua,…
Read MoreFINANCIAL AUTHORITY LAUNCHES BANKING REGULATION DIGITAL LIBRARY
The Financial Services Authority (OJK) launched on Monday its new website that compiles hundreds of scattered banking regulations. The website, called the Online Banking Regulation Information System (SIKePO), functions as a digital library that provides information about banking regulations that is accessible not only to the industry but also the public, OJK commissioner for banking…
Read MoreEurope`s Investments in Indonesia Reach US$13.3 billion
The Investment Coordinating Board (BKPM) notes that Europe’s investments in the past five years reached US$13.3 billion or Rp172.9 trillion. The top five European countries investing in Indonesia were the Netherlands, the UK, France, Luxembourg and Germany. “However, the investments were centered around Java Island: roughly 46 percent,” the BKPM chairman Thomas Tri Kasih Lembong…
Read MoreTax Amnesty: What is It and Why Does It Matter?
President Joko Widodo’s administration has been trying for almost six months now to get lawmakers to pass a tax amnesty bill into law. The bill has already overcome a bout of political hand-wringing early this year that almost cost the country its powerful anti-corruption agency. And just recently, it found an unexpected driving momentum from…
Read MoreIndonesia's Economic Growth Highest in Asia: President
Jakarta (ANTARA News) – Indonesia’s economic growth is among the highest in Asia despite being affected by the global economic slowdown, President Joko Widodo (Jokowi) stated. “Indonesia’s economy in the first quarter of 2016 grew by 4.91 percent. In fact, in the second quarter of this year, the national economy registered a growth of 5.18…
Read MoreExperts Highlight Four Regional-Regulation Issues Believed to Be Deterring Investment
The government is redoubling its efforts to improve the investment climate in Indonesia, and this can be seen in the issuance of 12 economic policy packages during the course of the last year. Despite these efforts though, President Joko Widodo has admitted that efforts to improve the investment climate initiated by central government will prove…
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