Overview

The promulgation of Law No. 11 of 2020 on Job Creation (“Job Creation Law”) in November 2020[1] marked a significant step for the administration of President Joko Widodo in its efforts to attract greater numbers of investors to Indonesia through the simplification of investment-related regulations, requirements and procedures. As a follow-up measure, the government is currently preparing a number of implementing regulations to the Job Creation Law, including the Draft Regulation of the President on Investment Business Fields (“Draft Regulation”).[2]