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Licensing Power at BKPM Regarding Investment Growth

The Indonesian government has begun aggressively seeking ways to make the licensing process in Indonesia easier so as not to use investment. President Jokowi through the Investment Coordinating Board (BKPM) has given permission so that full licensing authority will be at BKPM, specifically related to easy business licenses in Indonesia.

As an objective, it is intended to improve Indonesia’s ranking in the World Bank business index and also improve Indonesia’s ranking in the ease of doing business which is the duty of BKPM.
In addition, President Jokowi has instructed to revoke around 40 ministerial regulations governing investment in December. Also, this is the reason why business in Indonesia is difficult to question the overlapping rules between ministries and government institutions.

On the basis of these things, the Indonesian government uses the Online Single Submission (OSS) system to facilitate licensing procedures at all levels of government. With the OSS system, investors are made easy in terms of getting a business registration number in just three hours. However, for approval of business activities, investors must still obtain permission from the ministry, other government agencies.

The government wishes that in the future, all forms of licensing and business in Indonesia will be centered on BKPM to facilitate all licensing and business processes.

Should you have a plan to set start a business in Indonesia, Indo-Ned Consultancy will be able to assist you. We provide service for Project and Market Goals also. Hence, you can have an analysis of the market and regulation in Indonesia before you start the business. We can arrange an appointment or Skype Meeting with our legal staff. Our staff speaks in Bahasa Indonesia, English and Netherlands. We are available to meet you at our office in Netherland, Bali and Jakarta. In the Netherland, we are available at Koperslager 2, 6641 GS Beuningen, Netherland. And in Bali, you can find us at Istana Kuta Galeria, Patih Jelantik Street PM 1 Number 21 Bali or Graha Mobilekom Building, Raden Saleh Raya Street Number 53, Jakarta. Should you want to make an appointment with us, kindly contact us via email at info@indo-ned.com or send a message to our WhatsApp number on 082 161 88 1767.

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