In application of Law 11/2020 known as Omnibus Law, Presidential Regulation 10/2021 of February 2, 2021
(“PR 10/2021” or Positive Investment List) modifies the rules applicable to investments in Indonesia and provides incentives for certain business sectors in order to stimulate investments in the archipelago.
The experts at our Indonesia Desk give you the keys to the new Indonesian industrial classification nomenclature (“KBLI”), which classifies sectors of activity by increasing degree of access by foreign investors:
- business sectors closed to foreign investors;
- business sectors reserved for cooperatives and / or VSEs / SMEs;
- business sectors partially open to foreign investors;
- business sectors open to foreign investors; and,
- priority business sectors open to investors including foreign investors.
