To implement the relevant provisions of the Omnibus Law (Law No. 11 of 2020) with respect to foreign investment, the government has introduced a new investment list to replace the Negative Investment List under Presidential Regulation No. 44 of 2016 and Presidential Regulation No. 76 of 2007. The new investment list, called the Priority Investment List, is issued under Presidential Regulation No. 10 of 2021 on Investment Business Activities.
The Priority Investment List is a crucial piece of the Omnibus Law puzzle that could increase foreign investment and boost economic growth in the country. Under the Priority Investment List the permitted and restricted sectors have been simplified.
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