The basic purpose of Head of the Indonesian Investment Coordinating Board Regulation No. 11 of 2009 is to provide expedited services, fiscal facilities, and information to capital investors that is quick, simple, and cost effective for all licensing and non-licensing services.
The implementation provisions are contained in Chapter IV and cover implementation at the central, provincial, and district / city government levels. For example, the central government has responsibility through the BKPM for foreign investment that originates from foreign governments based on an agreement between the investing state and the Republic of Indonesia. This would include bilateral agreements and multi-lateral agreements such as the ASEAN Comprehensive Investment Agreement and Free Trade Agreements.
BKPM is responsible for guidance and evaluation of the integrated one door services (Pelayanan Terpadu Satu Pintu / PTSP). The guidance role includes the provision of education and training to the relevant human resources operating in the investment sector. It also includes providing supervision and consultation to the respective regional governments on investment. And, finally, the BKPM is responsible for setting out guidelines and standard implementing procedures for PTSP. Each of these is further enumerated in the succeeding articles. For example, education and training is to include basic and continuing education on matters related to licensing for both domestic and foreign investment.
The reporting provisions are contained in Chapter IX and require annual reporting on a national scale to be provided to the president no later than April of the year following the reporting period. The standard form for this type of reporting is contained in Attachment VII. To provide adequate time to the Head of the BKPM to formalize the annual national report to the president the relevant District and City investment agencies must report to the provincial agencies no later than January of the year following the reporting period. The provincial level investment agencies must report no later than February of the year following the relevant reporting period.
The regulation has been in force since 23 December 2009.
The basic purpose of Head of the Indonesian Investment Coordinating Board Regulation No. 11 of 2009 is to provide expedited services, fiscal facilities, and information to capital investors that is quick, simple, and cost effective for all licensing and non-licensing services.
The implementation provisions are contained in Chapter IV and cover implementation at the central, provincial, and district / city government levels. For example, the central government has responsibility through the BKPM for foreign investment that originates from foreign governments based on an agreement between the investing state and the Republic of Indonesia. This would include bilateral agreements and multi-lateral agreements such as the ASEAN Comprehensive Investment Agreement and Free Trade Agreements.
BKPM is responsible for guidance and evaluation of the integrated one door services (Pelayanan Terpadu Satu Pintu / PTSP). The guidance role includes the provision of education and training to the relevant human resources operating in the investment sector. It also includes providing supervision and consultation to the respective regional governments on investment. And, finally, the BKPM is responsible for setting out guidelines and standard implementing procedures for PTSP. Each of these is further enumerated in the succeeding articles. For example, education and training is to include basic and continuing education on matters related to licensing for both domestic and foreign investment.
The reporting provisions are contained in Chapter IX and require annual reporting on a national scale to be provided to the president no later than April of the year following the reporting period. The standard form for this type of reporting is contained in Attachment VII. To provide adequate time to the Head of the BKPM to formalize the annual national report to the president the relevant District and City investment agencies must report to the provincial agencies no later than January of the year following the reporting period. The provincial level investment agencies must report no later than February of the year following the relevant reporting period.
The regulation has been in force since 23 December 2009.
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