Government Regulation No. 9 Of 1993

Original Language Title: Peraturan Pemerintah Nomor 9 Tahun 1993

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4e75c9e910b87e313231343139.html

PP 9-1993 Text copy _?.
Back COUNTRY SHEET REPUBLIC of INDONESIA No. 13, 1993 (Additional explanation in the State Gazette of the Republic of Indonesia Number 3515) GOVERNMENT REGULATION of the REPUBLIC of INDONESIA number 9 1993 on FOREIGN CAPITAL INVESTMENT COMPANIES,.,, Considering: that to improve the climate trying which is more attractive for foreign investment, seen the need to change the terms of the licensing period for foreign capital investment company as set forth in a government regulation Number 24 of 1986;
.,, Considering: 1. Article 5 paragraph (2) of the Constitution of 1945;
., ,2. Law number 1 of 1967 concerning Foreign Investments (State Gazette number 1 of 1967, Supplement Sheet country number 2818), as amended by law number 11 of 1970 (State Gazette Number 46 of 1970, Supplement Sheet country number 2843);
., ,3. Act No. 5 of 1984 on Industry (State Gazette number 22 in 1984, additional State Gazette Number 3274);
., ,4. Government Regulation Number 24 in 1986 about a period of Permission to foreign capital investment Companies (State Gazette Number 32 in 1986, additional State Gazette Number 3335);
., ,5. Government Regulation number 17 in 1992 about the terms of Ownership of shares in a foreign capital investment Companies (State Gazette Number 36 in 1992, an additional State Gazette Number 3476) as amended by the Government Regulation number 7 in 1993 (State Gazette No. 9 of 1993, State Gazette Supplementary Number 3512);
DECIDED:.,, set: GOVERNMENT REGULATION of the REPUBLIC of INDONESIA ABOUT the CHANGE of the GOVERNMENT REGULATION NUMBER 24 in 1986 ABOUT a PERIOD of PERMISSION to FOREIGN CAPITAL INVESTMENT COMPANIES.
Article I changed the provisions of article 1 and article 3 the Government Regulation Number 24 in 1986 about a period of Permission to foreign capital investment Company as follows: 1. Article 1 is amended so that it reads:.,, "article 1 foreign capital investment Company has received government approval based on law No. 1 Year 1967 regarding Foreign capital investment, capital investment given permission for 30 (thirty) years counted since the company producing commercially as set out on the permit efforts."

2. The provisions of article 3 is amended so that it reads:.,, "article 3 Permits for investment companies that hold the expansion of his business as referred to in article 2 is given forever 30 (thirty) years counted since the expansion began to produce commercially as set out on the permit expansion efforts."
Chapter II of this Regulation comes into force on the date of promulgation.

In order to make everyone aware of it, ordered the enactment of this Regulation with its placement in the State Gazette of the Republic of Indonesia.

.,, Set in Jakarta on 17 Peberuari 1993 the PRESIDENT of the REPUBLIC of INDONESIA SOEHARTO Promulgated in Jakarta on February 17, 1993, MINISTER/STATE SECRETARY MOERDIONO of INDONESIA RI STATE GAZETTE SUPPLEMENTARY No. 3515 (explanation of the 1993 State Gazette Number 13) EXPLANATION for the REGULATION of the GOVERNMENT of the REPUBLIC of INDONESIA number 9 1993 on CHANGES in GOVERNMENT REGULATION NUMBER 24 in 1986 ABOUT a PERIOD of PERMISSION to FOREIGN CAPITAL INVESTMENT COMPANIES. , In order to create a climate of trying a more attractive for foreign investment is regulated in law number 1 of 1967 as amended by law number 11 of 1970, then the provisions of the calculation period of the company's business license for foreign investment in the Government Regulation Number 24 of 1986 needs to be enhanced.
.,, For such a need, then a period of business license that counts since the establishment of the legal entity of the company was changed to taken into account since the company produce commercially.

ARTICLE for the SAKE of the ARTICLE, article I, section 8 of article 1 on the basis of law number 1 of 1967 foreign investment permits any specified period of time not exceeding thirty (30) years. With government regulation is defined that period of 30 (thirty) years calculated from the commercial production since the company as set out in the permit.

Section 3.,, expansion of foreign capital investment companies are given a period of effort forever 30 (thirty) years counted since the expansion of its business producing commercially as set out in the permit expansion, on the understanding business license who has owned participated gets extension of its business expansion is done within a business license validity period is still owned.

Article II.,, is quite clear