Indonesia has moved closer to establishing the Indonesia International Financial Center (PFII) after the House of Representatives (DPR) and the government agreed to advance the PFII Bill to a final plenary vote. Following the completion of parliamentary deliberations, all political factions endorsed the bill, enabling it to proceed to the next legislative stage. If approved, the legislation will provide the legal framework for the proposed financial center, including its governance structure, regulatory regime, business activities, tax incentives, and dispute resolution mechanisms. Commission XI Chairman Mukhamad Misbakhun stated that the bill had been deliberated within the timeline mandated by the Financial Sector Development and Strengthening (P2SK) Law and expressed optimism that it would soon be enacted. The draft law consists of 73 articles across 10 chapters and establishes the institutional foundation of the financial center. Key provisions include the creation of a dedicated governing authority, a specialized arbitration institution, and a dedicated court for handling disputes within PFII. The bill also outlines the financial sectors permitted to operate in the center, such as banking, capital markets, insurance, pension funds, and other financial services. To enhance Indonesia’s competitiveness as a regional financial hub, it introduces a framework for tax and non-tax incentives, customs facilities, streamlined licensing processes, and foreign exchange flexibility. Once enacted, the law is expected to serve as a cornerstone of Indonesia’s strategy to attract global investors, multinational financial institutions, and cross-border investment.Source: https://indonesiabusinesspost.com/6959/policy/indonesia-moves-closer-to-establishing-international-financial-center-with-legal-framework (ICE GIACARTA)

Fonte notizia: Indonesia Business Post, 21 July 2026