Indonesia’s Omnibus Law: The Positive Investment List and the Liberalization of Business Sectors

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(The ASEAN Briefing)

  • Indonesia issued Presidential Regulation 10 of 2021, which liberalizes many business sectors for foreign investment.
  • Dubbed the positive investment list, the regulation liberalizes over 245 business lines, including important sectors, such as transportation, energy, and telecommunications.
  • Foreign investors are also eligible for various fiscal and non-fiscal incentives depending on their investments.

In the first of ASEAN Briefing’s Indonesia’s Omnibus Law series, we analyze Presidential Regulation 10 of 2021 (PR 10/2021) on business fields open to investment — also dubbed as the positive investment list. The regulation comes into effect on March 4, 2021.

PR 10/2021 replaces Presidential Decree No.36/2010 (Indonesia’s negative investment list) and is part of the government’s ongoing economic reforms through the issuance of the Omnibus Law.

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