ZeLo aims to influence the growth and direction of contemporary jurisprudence in Japan, increase access to justice, and improve the rule of law in Japan. To this end, the members of our firm often write about legal topics that are salient to the wider-public and practitioners from around the world. We invite readers to contact us about our articles at any time.
WHAT YOU NEED TO KNOW ABOUT INDONESIA’S ONLINE SINGLE SUBMISSION (“OSS”) SYSTEM
It has been almost three years since the OSS system was first introduced by the...
It has been almost three years since the OSS system was first introduced by the Indonesian Government in September 2017¹. Let us take a glance at its status and progress. The OSS system is the Indonesian government’s web-based platform designed to simplify and expedite the business licensing process in Indonesia and attract more direct investment. The OSS system will become a solution to the licensing process, which was quite problematic due to lengthy bureaucratic procedures, lack of coordin...
Things You Should Know Before Starting a Business in Indonesia
Indonesia is the fourth largest country in terms of world population¹. Indonesi...
Indonesia is the fourth largest country in terms of world population¹. Indonesia has an abundance of natural resources and in recent years, Indonesia has recorded a steady economic growth at above 5 percent,² which is one of the factors placing Indonesia as Southeast Asia's largest economy. Regardless, starting a business in Indonesia can be very challenging especially for foreign investors with no experience and no contacts to rely on. This article will discuss some basic information that peop...
TOWARDS THE NEW NORMAL IN INDONESIA
The Jakarta Governor, Anies Baswedan decided to extend the Semi Lockdown period...
The Jakarta Governor, Anies Baswedan decided to extend the Semi Lockdown period, known as the large-scale social restrictions (PSBB), to the end of June 2020. During the extension the Jakarta government will start allowing certain businesses or public places, e.g. malls, house of worships and restaurants, to resume their activities on a limited capacity basis. This is to achieve smooth transition to the New Normal Policy (as discussed in our previous alert). As of Monday, June 8 2020, the auth...
THE INDONESIAN GOVERNMENT WILL IMPLEMENT A “NEW NORMAL” POLICY TO DEAL WITH THE COVID-19 SITUATION
The number of COVID-19 cases has continued to increase in the South East Asian ...
The number of COVID-19 cases has continued to increase in the South East Asian region, including Indonesia, and has now reached more than 24,000¹ cases in total. Despite this situation, the Indonesian Government will soon implement a “new normal” policy starting from June 5, 2020. Based on this policy, on May 20, the Indonesian Health Minister, Terawan Agus Putranto, signed a set of rules concerning preventive and control measures in offices and factories to combat COVID-19. These rules will ...
OMNIBUS LAW－REFORMATION OF INDONESIAN REGULATIONS
The Government of the Republic of Indonesia is in the process of preparing a ...
The Government of the Republic of Indonesia is in the process of preparing a new law called the Omnibus Law, which will amend various regulations including those related to investment, licensing, and education. The Omnibus Law is divided in two categories: (a) the job creation law, and (b) the omnibus tax law. １．Background On 12 February 2020, draft of the job creation law (the “Bill”) was submitted to the parliament (house of legislature) to be discussed further and it has been made av...
E-COMMERCE BUSINESS: ONE OF THE MOST ATTRACTIVE INVESTMENT SECTORS IN INDONESIA
There is plenty of room for growth in Indonesia’s e-commerce sector. It currentl...
There is plenty of room for growth in Indonesia’s e-commerce sector. It currently accounts for at least USD 8 billion of consumer spending per year and it is expected to expand at an impressive compound annual growth rate of 34.6 percent in 2021¹, driven by increasing use of the internet, smartphones, and ongoing trend of steady gross domestic product growth.Online travel industry is by far Indonesia’s most popular e-commerce market category, dominating 58.9 percent of the e-commerce market², fo...
What you need to know about Fintech Business in Indonesia
1．Southeast Asia’s financial technology (Fintech) market Southeast Asia’s fina...
1．Southeast Asia’s financial technology (Fintech) market Southeast Asia’s financial technology (Fintech) market is among the fastest-growing in the world, with estimates placing expected market growth to reach up to US$100 billion by 2020. As the largest economy in Southeast Asia, Indonesia has the advantage to attract investors and become prominent leader in digital global sector. The president, Mr. Joko Widodo himself has set a target of making Indonesia the largest digital economy in Southe...
NEW IMPLEMENTING REGULATION ON LANGUAGE LAW
Ten years after the enactment of Law No. 24 of 2009 on National Flag, Language, ...
Ten years after the enactment of Law No. 24 of 2009 on National Flag, Language, Coat of Arms and Anthem (commonly referred to as the “Language Law”), on 30 September 2019, President Joko Widodo signed another implementing regulation to the Language Law, Presidential Regulation No. 63 of 2019 on the Use of the Bahasa Indonesia (“PR 63/2019”).PR 63/2019, which came into force on 30 September 2019 (revoking the former Presidential Regulation of 2010), provides the answer to the most problematic p...
DOING BUSINESS IN INDONESIA
Indonesia is a country with huge market for foreign investors, the fourth larges...
Indonesia is a country with huge market for foreign investors, the fourth largest countries in terms of population (following, China, India and United States of America) with a number of unique characteristics, and abundant natural resources. Indonesia in recent years has registered a steady growth at above 5 percent, which is one of the factors placing Indonesia in the Southeast Asia's largest economy. Most notably, there has been strong commitment and support from the government in recen...
Blockchain, Crpyto Assets, Token Financing
Japanese Blockchain Law: ZeLo’s Six-Part Series (2 of 6)
Starting with Bitcoin, virtual currencies were introduced on or around November
Starting with Bitcoin, virtual currencies were introduced on or around November 1, 2008. Satoshi Nakamoto sent out a paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” to a closed mailing list. Bitcoin was then created on January 2009.
Blockchain, Crpyto Assets, Token Financing
Japanese Blockchain Law: ZeLo’s Six-Part Series (1 of 6)
As virtual currency has increasingly become popular since Bitcoin was introduced
As virtual currency has increasingly become popular since Bitcoin was introduced in 2008, the world began to be interested in blockchain technology, especially in the FinTech industry. A wealth of literature already exists regarding blockchain.