Indonesia Investment

Update 2007

Wednesday, May 9, 2007

 

Diamond Room 1 Nikko Hotel – Jakarta.

 

 

BACKGROUND

The Indonesia parliament has just enacted the new Investment Law at March 29, 2007.

 

This new law is to amend the old one of the Law No. 1 of 1967 regarding The Foreign Direct Investment and Law No. 6 of 1968 regarding The Domestic Direct Investment as amended recently by Law No. 12 of 1970. The new Investment Law aims at simplification of investment-related procedures and certain other arrangements including adoption of one-roof services. The new law has accommodated internationally recognized standard, practice and principles of investment. The law, as an example, ensures that equal treatment will be accorded to investors irrespective of their nationalities. Moreover, the government of Indonesia, through this law, also attaches importance to the protection from nationalization and xpropriation. When it happens, the government will offer compensation. Therefore, the government also guarantees a right to transfer and repatriate, in term of acceptable foreign currencies. In addition going to international arbitration in order to settle investment disputes is a part of the new investment law.

 

Some investment facilities or incentives in the form of income tax deduction and exemption for certain time are made available for new investors or existing investors who extend their investment, new investment entering designated "pioneer" industries, or investor cooperating with small medium enterprises, and investment for specified target pursuant to the New Investment Law. The investment facilities also include the deduction or exemption from import duty for capital goods and raw material that’s not produced in Indonesia.

 

However, the investment law is not the sole panacea to improve the investment climate. There are some old problems that must be solved to improve investment climate in Indonesia i.e. industrial relation and taxation matters. Right now the Indonesia parliament is still working hard to revise the Manpower Law and Taxes Laws. Business players are waiting for the enactment of the Laws.

 

All topics said above will be covered in the exclusive seminar of Indonesia

Investment Update 2007 “New Investment Law: Opportunities & Challenges for

Doing Business in Indonesia” conducted by Piesta Consulting - an associated member of KS International & Finch Freeman Pty Ltd.

 

TIME & VENUE

The Indonesia Investment Update 2007 will take place on Wednesday, May 9, 2007 at Diamond Room 1 Nikko Hotel – Jakarta.

 

OBJECTIVES

This exclusive seminar will address key points of the new Indonesia Investment Law, convergence or divergence with international standards and practices. More over, this seminar will discuss fiscal & tax facilities (incentives) for investors and latest development of Draft Revision of Law of General Tax Provisions & Procedures, Income Tax Law, Value Added Tax Law & Manpower Law. Participants will also gain applicative guidance on doing business in Indonesia from the beginning step of setting up new venture up to closing a business.

 

WHO SHOULD ATTEND

It is a must to attend this exclusive seminar for those who are doing or have intention to do business in Indonesia and for those who concern with the Indonesia’s investment climate as well as:

 

1. Investors or Business Owners

2. President Director & Vice President Director

3. Finance Director, Business Development Director, Administrative & Government

Liaison Director

4. General Manager

5. Corporate Lawyer/Council

6. Head of Economic Section of Embassy

7. Executive/Leader of Chamber of Commerce or Business Forum/Association

8. Consultant in Business, Financial, Investment and Law

9. Academician

 

PROGRAM

08.00 – 08.45 Registration

08.45 – 08.50 Opening Remarks

08.50 – 09.00 Opening Speech

“Readiness of Local Businessmen to Cooperate with Foreign

Businessmen in Doing Business in Indonesia.”

Marzuki Usman,_ Chairman for Economic Assosiation of

Indonesia and India (ECAII), Former Minister of Investment

Fund Mobilization /Head of Investment Coordinating Body

(BKPM) (1999)

09.00 – 09.10 Speech:

“Foreign Investor Perception on Promulgating of

New Indonesia Investment Law”

Joe C. Bartlett, President of American Chamber of Commerce

(Amcham) in Indonesia

09.10 – 09.30 Keynote Speech:

“New Indonesia Investment Law: A Big Mile

Stone of Improving Indonesia's Investment Climate”

Ikmal Lukman, Director of Overseas Promotion, Indonesia’s

Investment Coordinating Body (BKPM)

09.30 – 09.45 Coffee Break

09.45 – 11.00 Session I

“Tax Facilities (Incentives) for Investors and Latest

Development of Draft Revision of Taxes Laws”

Astera Primanto Bhakti, Head of Sub Directorate of Corporate

Income Tax Regulation, Directorate General of Taxes

11.00 – 12.15 Session II

“How Save is Investing in Indonesia? Convergence or

Divergence with International Standards and Practices.”

Prof. Hikmahanto Juwana, Dean & Professor of Law,

Department of Law, University of Indonesia.

12.15 – 13.00 Lunch Break

13.00 – 14.15 Session III

“Key Points of The New Indonesia Investment Law Differing

from the Old Regime”

Prof. Dr. Didik J. Rachbini. Head of Special Committee on

Investment Law of Indonesia Parliament

14.15 – 15.30 Session IV

“Doing Business in Indonesia 2007: Setting up Business

Activities and A Company in Indonesia (Procedures,

Constraints, and Tricks)”

Okusi Associates

15.30 – 15.45 Coffee Break

15.45 – 17.00 Session V

“Latest Development on Indonesia Industrial Relation”

Dr. Sutanto Suwarno, Acting Head of Center Administration for

International Cooperation, Ministry of Manpower &

Transmigration

17.00 Closing Remarks