BKPM Regulation. No. 1 of 2020
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.
NEXT ARTICLES
Refining Digital Financial Innovation: New OJK Regulation aims to enhance Regulatory Sandbox
Issue 6, April 2024 | This advisory breaks down what you need to know about the revised rules on mandatory sandbox testing for new innovations.
Download read more
INDONESIA SIMPLIFIES THE HIRING OF FOREIGN MANPOWER
On 29 March 2018, President Joko Widodo issued Presidential Regulation Number 20 of 2018 on Foreign Manpower Utilization (“Presidential Reg 20/2018”).
Download read more
The Omnibus Law on Job Creation – An Overview of the Increase in Incentives provided by the Government of Indonesia to create a ‘comfortable business environment’ for Investors in Special Economic Zones
Following our firm’s previously published advisory series on the Omnibus Law on Job Creation (the “Job Creation Law”), including among others our overview of the changes to the regulations regarding investment, land, and manpower, this advisory specifically highlights the key provisions of the Job Creation Law on Special Economic Zones amending the following regulations: 1. Law No. 39 of 2009 on Special Economic Zones (“Law 39/2009”); 2. Law No. 36 of 2000 on The Issuance of a Government Regulation in Lieu of Law No. 1 of 2000 on Free Trade and Free Port Zones to be Law; and 3. Law No. 37 of 2000 on The Issuance of a Government Regulation in Lieu of Law No. 2 of 2000 on Free Trade and Free Port Zones to be Law.
Download read more
Indonesia Seeks to Woo Investment in New Capital City through Ease of Doing Business
Issue 7, May 2023 | The Indonesian government has taken significant steps to make IKN an attractive destination for investment and living.
Download read more