• Regulation of Head of BKPM Number 06 Year 2018 In Advantage of Better OSS Implementations
Newsletter:

Regulation of Head of BKPM Number 06 Year 2018 In Advantage of Better OSS Implementations

14 August 2018

The reasons behind the issuance of the Regulation

Due to the launching of Online Single Submission (OSS) System after the issuance of Presidential Regulation Number 24 Year 2018, BKPM has made an adjustment in the Regulation of BKPM Number 13 Year 2017 with the Regulation Number 06 Year 2018 in advantage for better OSS implementation.

OSS System claimed to be the system which can issue permits/licenses in less than an hour. The system is made in order to ease the process of application which will create the increasing desire to invest in Indonesia.

The difference between BKPM Regulation Number 13 Year 2017 and Regulation Number 06 Year 2018

  • When Starting Business

Regulation Number 13 Year 2017

Regulation Number 6 Year 2018

Investment Registration (PI) is a form of government approval as the basis for issuing Investment License and granting Facilities

  • Business Registration or activity by business entity shall go through OSS (BIN is the product).
  • Business License means a license issued by the OSS for and on behalf of the Minister, Chairman of the Institute, Governor, Regent/Mayor, after the undertaking is registered and to start the business and or activity prior to commercial operation or after the commitments and/or requirements are fulfilled.
  • When Starting Production/Commercial

Regulation Number 13 Year 2017

Regulation Number 6 Year 2018

Business License (IU) is a mandatory license for a company to initiate production or operation, unless otherwise provided by law.

Commercial or operational licenses are licenses issued by the OSS for and on behalf of the Minister, Chairman of the Institute, Governor, and Regent/Mayor, after the business entity obtains a Business License and to engage in commercial and operational activities after the commitments and/or the requirements are fulfilled.

 

For more information how BDO in Indonesia can help you in planning and navigate this major change, please contact our technical team at: corsec.helpdesk@bdo.co.id