• Business Permit Administration By Investment Coordinating Board
Article:

Business Permit Administration By Investment Coordinating Board

18 February 2020

Investment Coordinating Board Action concerning Acceleration of Ease of Doing Business (EODB)

BKPM will administer all business permits starting from February 2020 to meet the purpose of Presidential Instruction Number 7 Year 2019 regarding Acceleration of Ease of Doing Business (EODB).

All business permits administration will be centralised at BKPM, including the granting of fiscal incentives (include capital goods import incentive, tax holiday and tax allowance).

The centralisation of business permit administration is made to facilitate and attract investors to invest in Indonesia.

Implementation of the Instruction

  • Officials having competency in the issuance of business permit from various ministries will work at the BKPM office.
  • The business permit administration is still technically carried out by the relevant ministries, but it is completed at BKPM by placing the ministerial liaison officers at BKPM.
  • A total of 25 ministerial liaison officers will work at the BKPM office to administer technical business license.
  • BKPM has made a system that is accessible to all applicants for business permit so that the applicants can monitor the progress of applications for business permit submitted to BKPM

Purpose of this Implementation

  • To encourage the achievement of the investment realisation target of Rp886 trillion in 2020;
  • Increase the ranking of the EODB in Indonesia.