One of the major changes that made by the enactment of Law No. 11 of 2020 on Job Creation (known as Omnibus Law) is concerning the investment line of business. Omnibus Law through its implementing regulation is massively changing the regime of the line of business for investment, mostly relaxing some of the restrictions under previous laws and regulations.

On 5 October 2020, the House of Representative passed the Job Creation Law (known as “Omnibus Law”). The Omnibus Law is expected to enhance the ease of investment in Indonesia through some amendments on various laws.

The MOT Reg. 71/2019 also adjusts the licensing procedure with respect to the role of OSS in the licensing sphere in Indonesia.