General Policy and Basic Guarantees • individuals or entities • joint venture or full (100%) foreign investment • capital of the limited liability depend on the nature and type of business Foreign Investors Basic Rights: • Freedom from expropriation without just compensation. • Right to remit profits, capital gains, and dividends within the guidelines of the Bank of Indonesia, the country’s central monetary authority. Foreign Investors Basic Rights: • Right to remit the proceeds of the liquidation of investments. • Right to obtain foreign exchange to meet principal and interest payments on foreign obligations. Condition • Human Resources • Good Market • Row material • Flexible Role To apply for investment approval • Names and descriptions of the applicants • Name of the company, location and main line of business • Annual production and sales of products • Land area, foreign and local manpower, and infrastructure requirements • Capital structure • Project timetable Process • Trough government officer negotiate process time and price • Agent Employment of Foreign Nationals PMA companies are allowed to appoint foreign managerial staff and technical experts for whom qualified Indonesian nationals are not yet available Employment of Foreign Nationals • Work permits are usually valid for a 12-month period • Plan to train Indonesians who will later take over the positions for which the firm is seeking approval Visa and Documentation • • • • • • Passports Company Sponsorship RPTKA (Expatriate Placement Plan) DPKK Tax/Fee :US $1,200 TA01 Recommendation Vitas or VBS - Limited Stay Visa or Semi-permanent Residence Visa • KITAS Card or Limited Stay Permit Card and Blue book/POA or Foreigner Registration • Permanent Stay Visa (KITAP) Tugas • Jelaskan apa yang menjadi daya tarik utama Indonesia untuk Investasi Jepang Tugas Jelaskan 3 hambatan utama untuk investasi di Indonesia Tugas • Sebutkan 5 investasi asing yang dilarang di Indonesia dan jelaskan alasannya.