Analysis of Foreign Investment Regulations in Indonesia from the Perspective of a Legal System that Supports Ease of Doing Business and Legal Certainty for Investors

Foreign investment plays a strategic role in driving economic growth and enhancing Indonesia's global competitiveness. To create a conducive investment climate, the government has implemented regulations within a pro-business legal framework, including Law Number 25 of 2007 concerning Investment, which has now been updated through Law Number 6 of 2023 concerning Job Creation, along with its implementing regulations, such as Government Regulation Number 5 of 2021 concerning Investment and regulations related to the Negative Investment List (DNI). These regulations aim to provide ease of doing business, legal certainty, and protection for foreign investors. However, their implementation still faces challenges in the form of licensing complexity, overlapping regulations, legal uncertainty, and restrictions in several strategic sectors. This research uses a normative juridical method with a statutory and conceptual approach, as well as data from academic literature and related legal documents. The analysis reveals that although regulatory updates through the Job Creation Law and the Online Single Submission (OSS) system have improved the ease of doing business, legal gaps and inconsistencies remain that impact investor confidence. Therefore, regulatory harmonization and strengthened legal implementation are needed to create a more competitive and resilient investment environment.