December 2020 Legal Insight – Updated Standard Indonesia Business Classification Introduced by The Indonesian Government

Marshall SitumorangFounder and Partner, Nusantara Legal Partnership

Dear Valuable Colleagues:

In this December edition, our Legal Insight discusses the newly enacted regulation, the Statistics Indonesia Bureau/Badan Pusat Statistik (“BPS”)Regulation No. 2 of 2020 on Standard Indonesia Business Classification(KBLI 2020). This regulation was prepared by the BPS and relevant ministries to accommodate Indonesia’s emerging business activities.

We hope you have good reading and should you have any views, please do feel free to contact us.

Best regards,

NUSANTARA LEGAL PARTNERSHIP