In this era of globalization, Indonesia is still classified as one of the developing countries. the Government continues to make various efforts so Indonesia can be a stable country. But up until now, Indonesia still continues to experience economic difficulties related to the situation both from inside and outside the country's related economic. Therefore, investment is very important in advancing the Indonesian economy. Investors that are investing in Indonesia must be subject to the applicable rules, one of which is the rules regarding share ownership. But not all sectors of the business field can be controlled entirely by foreign financiers to be able to invest optimally. This provision is one of the reason why foreign investors are looking for ways to control 100% of the shares because they certainly want to get the maximum profit. The only way is to use the concept of nominees that are done with nominee agreements. This concept is not allowed in the Indonesian legal system. But even though it is prohibited, foreign investors often use it as legal smuggling in order to control 100% of the shares. The issues raised are how the legal smuggling related to nominee agreements in terms of share ownership in Indonesia and how the legal consequences of legal smuggling related to share ownership with nominee agreements. This type of research is research for academic purposes, with the nature of prescriptive research, this nominee agreement of use is prohibited and consequences is the law is null and void agreements.
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