• Regulation of Head of Investment Coordinating Board (BKPM) Number 13 Year 2017
Newsletter:

Regulation of Head of Investment Coordinating Board (BKPM) Number 13 Year 2017

20 February 2018

To implement the President Regulation Number 91 Year 2017 regarding the Acceleration of Business Implementation which has already been evaluated based on laws regarding to the process of Business License and the needs for adjustment of Investment Coordinating Board (BKPM) Regulation related to the service of license and non-license investment with the dynamic of growth in the regulations. Therefore, BKPM issued a regulation regarding to Guidelines and Procedures for Investment Licensing and Investment Facilities.

Whereas in this regulation, BKPM changed the principle license into investment registration. The significant differences with this change is that the process of investment registration issuance only takes 1 business day compared to the process of principal license issuance which takes 3 business days. This regulation also ensure that the investors in certain business lines can also directly obtain a business permit thus they can immediately realize their investment.

Investment Registration

According to the new regulation the investment registration is a form of Government approval which is a principle license as a base of the issuance of the license and facilities for the implementation of the capital investment.

Business license:

  1. Business License: is a license required for the company to start the production/operation, except stated otherwise by the laws;
  2. Expansion License: is a business license required by the company to start the production of the implementation of business expansion, specialized for the industry sector.

Effective date:

This regulation has come into effect as of December 11, 2017.

 

For more information on how BDO Indonesia can help you in planning and navigate these major changes, please contact our experts:

Corsec.helpdesk@bdo.co.id