The LKPM is a mandatory report submitted by an Investor. The LKPM is a tool or medium of communication between the Government and business people who see the process or portrait of domestic and foreign investment in Indonesia which includes obstacles, potential, policies carried out by the Government in implementing the regulations.
The LKPM is one of the contributions of Investor in providing economic growth in Indonesia. Economic Development and Growth in Indonesia can be seen from The LKPM report. The LKPM must be heeded by investors from various business sectors so that the investment data collection process can run smoothly. These investment activities must be increasingly developed and special policies are needed to support the implementation of these investments. Online management of The LKPM can be a solution for investors to convey their investment progress in business easily and quickly.
The Submission of The LKPM Report
The submission of The LKPM report is done in a very easy and fast way to make it easier to deliver the investment. The way in filling out the report is done online through the Information Service System and Electronic Investment Licensing (SPIPISE).
If investors forget or do not carry out their obligations in submitting The LKPM, the sanctions received by investors are:
• Warning Sanctions I when passing the obligations of the First Quarter report;
• Warning Sanctions II if it passes the obligations of the Quarter II report;
• Revocation of the Business License Number (NIB) of investors if it passes the obligations of The Quarterly Report III and to regain the NIB, investors are required to register The LKPM access rights as early as possible.
May you need more information about the LKPM report or any another legal advice for doing business or living in Indonesia, please do contact us on number: +316303638263, +6282144913470, + 6282161881767 or live chat on our website www.indo-ned.com.