Newsletters
Key Takeaways and Implications of New BKPM Regulation for Indonesia’s Risk-Based Business Licensing Framework and Investment
Luciana Fransiska
- Corporate
- General Corporate
- M&A
- Mergers & Acquisitions
Publication
Newsletters
*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.
I. Introduction
Over a year has passed since the amendment to the Foreign Exchange and Foreign Trade Act (the “FEFTA”) and its related cabinet orders, ministerial ordinances and public notifications (collectively, the “2019 Amendment”) entered into force on May 8, 2020.
On June 15, 2020, the Japanese government added the manufacturing of pharmaceuticals for specific infectious diseases as well as the manufacturing of specially-controlled medical devices to the list of business sectors that require advance filing under Japanese foreign direct investment (“FDI”) regulations under the FEFTA (“designated business sectors”). In addition, those business sectors were also designated as “core business sectors” because of their strategic value from a national security perspective. Entities purporting to acquire up to 10 percent of a listed company in a core business sector are subject to more stringent criteria when applying for an exemption from making advance filings, and are not eligible for any exemption from making advance filings for share acquisitions of an unlisted company.
On August 18, 2021, the Japanese government announced its plan to add business sectors relating to rare-earth metals to the list of designated and core business sectors.
This article outlines the Japanese government’s recent movements to expand the scope of more stringent FDI regulations to new business sectors.
Newsletters
Luciana Fransiska
Newsletters
Supasit Boonsanong, Kobchai Nitungkorn (Co-author)
Newsletters
Supasit Boonsanong, Kobchai Nitungkorn (Co-author)
Newsletters
Patricia O. Ko
Newsletters
Luciana Fransiska
Newsletters
Patricia O. Ko
Newsletters
Yuan Yao Lee
Newsletters
Yusei Uji
Newsletters
Oki Osawa, Mayuko Takamura (Co-author)
Articles
(December 2025)
Haseru Roku, Yoshiteru Matsuzaki (Co-author)
Articles
(December 2025)
Haseru Roku, Ryosaku Kondo, Taisei Koizumi (Co-author)
Articles
(December 2025)
Ryohei Tanaka, Tsuyoshi Isshiki, Nobuaki Ito, Haruki Koyama (Co-author)
Newsletters
Oki Osawa, Mayuko Takamura (Co-author)
Articles
(December 2025)
Haseru Roku, Yoshiteru Matsuzaki (Co-author)
Articles
(December 2025)
Haseru Roku, Ryosaku Kondo, Taisei Koizumi (Co-author)
Articles
(December 2025)
Ryohei Tanaka, Tsuyoshi Isshiki, Nobuaki Ito, Haruki Koyama (Co-author)