Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries

Simon Alex Pasaribu(1email), Taufiq Taufiq(2), Diana Ria Winanti Napitupulu(3)


(1) Faculty of Law, Universitas Kristen Indonesia, Jakarta, Indonesia
(2) Faculty of Law, Universitas Kristen Indonesia, Jakarta, Indonesia
(3) Faculty of Law, Universitas Kristen Indonesia, Jakarta, Indonesia orcid
email Corresponding Author
CrossMark

Abstract


Introduction: By observing best practices from other ASEAN countries, Indonesia has a significant opportunity to reform its venture capital ecosystem to become more responsive, inclusive, and capable of supporting sustainable digital economic growth.

Purposes of the Research: The purpose of this research is to identify the form and content of venture capital regulations currently enforced in Indonesia in comparison with other ASEAN countries, to analyze the similarities and differences in policies and regulatory approaches related to venture capital between Indonesia and ASEAN nations, and to determine the factors influencing the regulatory differences.

Methods of the Research: A qualitative method was chosen because this approach enables the researcher to explore the policy context, legal structures, and socio-economic dynamics underlying venture capital regulations in each country.

Findings of the Research: A more flexible, inclusive, and cross-sector collaborative regulatory approach will enhance Indonesia’s competitiveness in attracting investment and encouraging sustainable startup growth.


Keywords


Venture Capital; ASEAN Regulations; Digital Economy.


DOI


10.47268/tatohi.v5i4.2992

Published


2025-06-30

How To Cite


APA: Pasaribu, S.A., Taufiq, T., & Napitupulu, D.R. (2025). Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries. TATOHI: Jurnal Ilmu Hukum, 5(4), 190-201. DOI: https://doi.org/10.47268/tatohi.v5i4.2992.
IEEE: S.A. Pasaribu, T. Taufiq, and D.R. Napitupulu, "Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries", TATOHI J. Ilmu Huk., vol. 5, no. 4, pp. 190-201, Jun. 2025. Accessed on: Jul. 23, 2025. [Online]. Available DOI: https://doi.org/10.47268/tatohi.v5i4.2992
Harvard: Pasaribu, S.A., Taufiq, T., and Napitupulu, D.R., (2025). "Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries". TATOHI: Jurnal Ilmu Hukum, Volume 5(4), pp. 190-201. [Online]. Available DOI: https://doi.org/10.47268/tatohi.v5i4.2992 (Accessed on: 23 July 2025)
Chicago: Pasaribu, Simon Alex, Taufiq Taufiq, and Diana Ria Winanti Napitupulu. "Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries." TATOHI: Jurnal Ilmu Hukum 5, no. 4 (June 30, 2025): 190-201. Accessed July 23, 2025. doi:10.47268/tatohi.v5i4.2992
Vancouver: Pasaribu SA, Taufiq T, Napitupulu DR. Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries. TATOHI J. Ilmu Huk. [Internet]. 2025 Jun 30 [cited 2025 Jul 23];5(4):190-201. Available from: https://doi.org/10.47268/tatohi.v5i4.2992
MLA 8th: Pasaribu, Simon Alex, Taufiq Taufiq, and Diana Ria Winanti Napitupulu. "Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries." TATOHI: Jurnal Ilmu Hukum, vol. 5, no. 4, 30 Jun. 2025, pp. 190-201, doi:10.47268/tatohi.v5i4.2992. Accessed 23 Jul. 2025.
BibTeX:
@article{TATOHI2992,
		author = {Simon Pasaribu and Taufiq Taufiq and Diana Napitupulu},
		title = {Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries},
		journal = {TATOHI: Jurnal Ilmu Hukum},
		volume = {5},
		number = {4},
		year = {2025},
		keywords = {Venture Capital; ASEAN Regulations; Digital Economy.},
		abstract = {Introduction: By observing best practices from other ASEAN countries, Indonesia has a significant opportunity to reform its venture capital ecosystem to become more responsive, inclusive, and capable of supporting sustainable digital economic growth.Purposes of the Research: The purpose of this research is to identify the form and content of venture capital regulations currently enforced in Indonesia in comparison with other ASEAN countries, to analyze the similarities and differences in policies and regulatory approaches related to venture capital between Indonesia and ASEAN nations, and to determine the factors influencing the regulatory differences.Methods of the Research: A qualitative method was chosen because this approach enables the researcher to explore the policy context, legal structures, and socio-economic dynamics underlying venture capital regulations in each country.Findings of the Research: A more flexible, inclusive, and cross-sector collaborative regulatory approach will enhance Indonesia’s competitiveness in attracting investment and encouraging sustainable startup growth.},
				issn = {2775-619X},		pages = {190--201}			doi = {10.47268/tatohi.v5i4.2992},
				url = {https://fhukum.unpatti.ac.id/jurnal/tatohi/article/view/2992}
		}
		
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1. Title Title of document Comparison of Venture Capital Regulations in Indonesia and ASEAN Countries
 
2. Creator Author's name, affiliation, country Simon Alex Pasaribu; Faculty of Law, Universitas Kristen Indonesia, Jakarta; Indonesia
 
2. Creator Author's name, affiliation, country Taufiq Taufiq; Faculty of Law, Universitas Kristen Indonesia, Jakarta; Indonesia
 
2. Creator Author's name, affiliation, country Diana Ria Winanti Napitupulu; Faculty of Law, Universitas Kristen Indonesia, Jakarta; Indonesia orcid
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) Venture Capital; ASEAN Regulations; Digital Economy.
 
4. Description Abstract Introduction: By observing best practices from other ASEAN countries, Indonesia has a significant opportunity to reform its venture capital ecosystem to become more responsive, inclusive, and capable of supporting sustainable digital economic growth.Purposes of the Research: The purpose of this research is to identify the form and content of venture capital regulations currently enforced in Indonesia in comparison with other ASEAN countries, to analyze the similarities and differences in policies and regulatory approaches related to venture capital between Indonesia and ASEAN nations, and to determine the factors influencing the regulatory differences.Methods of the Research: A qualitative method was chosen because this approach enables the researcher to explore the policy context, legal structures, and socio-economic dynamics underlying venture capital regulations in each country.Findings of the Research: A more flexible, inclusive, and cross-sector collaborative regulatory approach will enhance Indonesia’s competitiveness in attracting investment and encouraging sustainable startup growth.
 
5. Publisher Organizing agency, location Faculty of Law, Universitas Pattimura
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2025-06-30
 
8. Type Status & genre Peer-reviewed Article
 
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9. Format File format PDF
 
10. Identifier Uniform Resource Identifier https://fhukum.unpatti.ac.id/jurnal/tatohi/article/view/2992
 
10. Identifier Digital Object Identifier 10.47268/tatohi.v5i4.2992
 
11. Source Title; vol., no. (year) TATOHI: Jurnal Ilmu Hukum; Volume 5 Issue 4, June 2025
 
12. Language English=en en
 
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