New Negative List Has Finally Been Issued

May 27, 2016

Corporate Commercial


The Government of the Republic of Indonesia has finally issued the Presidential Regulation No. 44 of 2016 regarding the List of Business Fields Which Are Either Entirely Closed or Conditionally Open to Foreign Investment (“New Negative List”) which revokes the Presidential Regulation No. 39 of 2014 regarding the List of Business Fields Which Are Either Entirely Closed or Conditionally Open to Foreign Investment (“2014 Negative List”).

Generally, the background for the issuance of the New Negative List is to increase foreign investments in Indonesia by removing or increasing foreign shareholding in certain business fields which were previously closed or limited for foreign investments.

The New Negative List was signed on 12 May 2016 and effective as of 18 May 2016.


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