Alamanda Daud

A&O Shearman are most popular: within Consumer Protection, Insolvency/Bankruptcy/Re-Structuring and Insurance topic(s) On October 1, 2025, Indonesia's Ministry of Investment and Downstream Industry/BKPM issued Regulation No. 5 of 2025 on Guidance and Implementation of Risk-Based Business Licensing and Investment Facilities through the OSS (the New Regulation). It revokes and consolidates BKPM Regulations Nos. 3, 4 and 5 of 2021.

On October 1, 2025, Indonesia’s Ministry of Investment and Downstream Industry/BKPM issued Regulation No. 5 of 2025 on Guidance and Implementation of Risk-Based Business Licensing and Investment Facilities through the OSS (the New Regulation). It revokes and consolidates BKPM Regulations Nos. 3, 4 and 5 of 2021. The New Regulation addresses long-standing questions in the foreign investment (PMA) framework, whilst introducing new measures of government supervision for risk-based licensing.

While many governments around the world are tightening controls on FDI, Indonesia is one of only a few countries moving in the opposite direction. The Indonesian government has now published the long awaited new investment list under Presidential Regulation No 10, 2021 (recently amended by Presidential Regulation No 49 of 2021), one of the mandates that came out of last year’s so called Omnibus Law, officially known as the Job Creation Law.