|**2011**|Business services|Accounting & audit|I<br>Joint venture requirement|
|---|---|---|---|
|**2011**|Business services|Architectural|I<br>55% foreign equity limit for non-small scale projects|
|**2011**|Business services|Engineering|<br>I<br>55% foreign equity limit for non-small scale projects|
|**2011**|Telecoms|Fixed telecoms|I<br>49% foreign equity limit|
|**2011**|Telecoms|Mobile telecoms|I<br>65% foreign equity limit|
|**2011**|Financial services|Banking|I<br>99% foreign equtiy limit in foreign exchange and non-<br>foreign exchange banks 99%|
|**2011**|Financial services|Insurance|I<br>80% foreign equity limit in insurance|
|**2011**|Financial services|Other financial services|I<br>85% foreign equity limit in non-leasing financing, but<br>100% allowed for acquisition; 80% foreign equity limit<br>in venture capital 80%, and 100% allowed for<br>acquisition; no foreign equity allowed in pension.|
|**2011**|Business services|Legal|I<br>Foreign law firms must establish a joint venture with<br>a local firm|
|**2011**|Business services|Legal|.<br>III<br>Only Indonesian citizens may practice law. All<br>lawyers must hold Indo citizenship and a local law<br>degree|
|**2011**|Real estate investment||.<br>I<br>Foreign individuals cannot own property in Indonesia<br>but can have leases for 20 yrs extendable for<br>another 20 yrs. No FDI in real estate brokers -- fee or<br>contract based|
|**2011**|Business services|Accounting & audit|.<br>III<br>Licensed accountants must be Indonesian citizens.|
|**2012**|Business services|Accounting & audit|I<br>Joint venture requirement|
|**2012**|Business services|Architectural|I<br>55% foreign equity limit for non-small scale projects|
|**2012**|Business services|Engineering|I<br>55% foreign equity limit for non-small scale projects|
|**2012**|Telecoms|Fixed telecoms|I<br>49% foreign equity limit|
|**2012**|Telecoms|Mobile telecoms|I<br>65% foreign equity limit|
|**2012**|Financial services|Banking|I<br>The Presidential Decree issued in May 2012<br>introduces a new foreign shareholding limit to<br>banking institutions of 40%, down from 99%.<br>Ownership can exceed 40% with the approval of<br>Bank Indonesia if financial institutions exhibit high<br>standards of financial health and corporate<br>governance, and agree to allow 20% of the target<br>bank's shares to be publically available within five<br>|
|**2012**|Financial services|Banking|years<br>II<br>The Presidential Decree issued in May 2012<br>introduces a new foreign shareholding limit to<br>banking institutions of 40%, down from 99%.<br>Ownership can exceed 40% with the approval of<br>Bank Indonesia if financial institutions exhibit high<br>standards of financial health and corporate<br>governance, and agree to allow 20% of the target<br>bank's shares to be publically available within five<br>|
|**2012**|Financial services|Insurance|year<br>I<br>80% foreign equity limit in insurance|
|**2012**|Financial services|Other financial services|I<br>85% foreign equity limit in non-leasing financing, but<br>100% allowed for acquisition; 80% foreign equity limit<br>in venture capital 80%, and 100% allowed for<br>acquisition; no foreign equity allowed in pension.|
|**2012**|Business services|Legal|I<br>Foreign law firms must establish a joint venture with<br>ll fi|
|**2012**|Business services|Legal|a oca rm.<br>III<br>Only Indonesian citizens may practice law. All<br>lawyers must hold Indo citizenship and a local law<br>degree|
|**2012**|Real estate investment||.<br>I<br>Foreign individuals cannot own property in Indonesia<br>but can have leases for 20 yrs extendable for<br>another 20 yrs. No FDI in real estate brokers -- fee or<br>|
|**2012**|Business services|Accounting & audit|contract based.<br>III<br>Licensed accountants must be Indonesian citizens.|

40