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A FOREIGN BANK HAS TO INDONESIA LEGAL ENTITIES
December 19th 2011
 

The Central  Bank of Indonesia (BI) shall command foreign banks incorporated in Indonesia legal entities  and  need to go public for foreign banks operating in Indonesia. BI will implement a policy of multiple licenses for foreign banks that want to expand business in Indonesia. There is a difference license to a bank in Indonesia on the basis of equity, soundness of banks, the bank's capabilities. The effects of single license policy for foreign banks has been the foreign investor may acquire a controlling stake to 99 percent of national banks, then foreign banks could open branches in Indonesia in an amount not restricted and free entry to all segments. (hukumonline.com December 16, 2011)

 
 
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Latest News Weekly
16/08/2013
Revision of the Minister of Agriculture Regulation No. 26/2007 regarding Plantation Business Permit
05/07/2013
LexRegis Trip to Pari Island
18/06/2013
Seven Important Points of BKPM Regulation No. 5/2013
31/05/2013
Removal of Data Center
28/12/2012
Merry Christmas 2012 & Happy New Year 2013
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