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Indonesia relaxes foreign investment caps in 'positive' investment list

( March 4, 2021, 07:23 GMT | Official Statement) -- MLex Summary: Indonesia has released a new "positive" investment list that relaxes foreign investment restrictions in several sectors. The list, issued as a presidential regulation to implement the omnibus job-creation law passed last year, outlines the government's priority business areas for foreign investment, specifically those that are capital- and labor-intensive, that use advanced technology, are categorized as pioneering industries, and that are oriented towards exports or research and development. Investments in the 245 priority businesses will be eligible for both fiscal and non-fiscal incentives, such as ease of business licensing and immigration conveniences.  The regulation, in Indonesian, is attached. ...

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