On 1 April 2020, the Investment Coordinating Board (Badan Koordinasi Penanaman Modal – “BKPM”) issued BKPM Regulation No. 1 of 2020 on Guidelines on the Provision of Integrated Electronic Business Licensing Services (“BKPM Reg. 1/2020”).
This regulation was issued to improve and streamline the licensing services provided through the Online Single Submission (“OSS”) System, to implement Article 94 (1) of Government Regulation No. 24 of 2018 (“GR 24/2018”) and Presidential Directive (Instruksi Presiden) No. 7 of 2019 on the Acceleration of the Ease of Doing Business. BKPM Reg. 1/2020 sets out the norms, standards, procedures, and criteria as guidelines on the issuance of business licenses through the OSS system.
Co-written by Yohanes Masengi, Mira Ayu Lestari, and Putri Rachelia Azzura, please read the complete advisory to follow our discussions on the key provisions of BKPM Reg. 1/2020.