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Clifford Chance

Clifford Chance


Indonesia's New Negative List: A noticeable step forward

31 May 2016

On 18 May 2016, the Government of Indonesia issued the highly anticipated Presidential Regulation No. 44 of 2016 containing the new negative investment list (the 2016 Negative List). The 2016 Negative List revokes and replaces the Negative List issued in 2014 and is effective from 18 May 2016.


  • Relaxation of foreign investment restrictions in various sectors, including the film industry, cold storage, warehousing and certain distributorships
  • Introduction of new lines of business, including medical devices distribution
  • Higher shareholding thresholds for the ASEAN Economic Community

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