Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Indonesian Version
Fitri N Heriani, Marcell Sihombing
Investment is a crucial propeller that moves the economy. Given its importance the government has offered incentives to foreign investors, in expectation that more and more fresh capital would enter Indonesia.
Unfortunately, incentives often make foreign investors disregard their duties such as submitting their Capital Investment Activity Report (LKPM) to the Indonesian Investment Coordinating Board (BKPM).
As a result, thousands of Foreign Investment (PMA), which had their principal licenses issued between 2000 and 2006, are now facing possible revocation of thei principal license.
Franky Sibarani the Head of BKPM, explained that companies must obey Indonesian laws. At present the principal licenses suspension for both domestic and foreign investment, are carried out based on Law No. 25 of 2007 on Investment and the Head of BKPM Regulation No. 3 of 2012 on Guidelines and Procedures to Control the Realization of Investment.
According to Mr. Sibarani, there are two main reasons to why licenses are revoked, either it’s expired or the holders fail to submit LKPMs to the BKPM.
For licenses that have expire, the BKPM will revoke it, in expectation that every company under BKPM supervision will implement their investment plan based on the schedule printed on their license.
Based on BKPM data, there are about 7,811 expired licenses with a total investment value of IDR 600 trillion (ed. rounded). As stipulated under the Head of BKPM Regulation No. 3 of 2012, license revocationm, which will be carried out by the respective authority.
Regarding failure to submit LKPMs, Mr. Sibarani further explains that domestic and foreign investors, must submit their LKPM on time based on the dates announced by the government. For example, on the second trimester period (April-June) 2015, all LKPMs must be submitted by July 10th, 2015 at the latest.
M.M. Azhar Lubis, Deputy on Capital Investment Implementation Control, reveals that by March 2015 the BKPM has revoked 6,541 licenses during 2007 to 2012. The revocation serves as a follow-up for the unresponsive first and final written notice sent by BKPM to these businesses.
“Having their foreign investment principal license revoked, companies that continues its operation are in violation of the law,” Mr. Lubis concluded.
(ja/nm/ds)
Fitri N Heriani, Marcell Sihombing
Investment is a crucial propeller that moves the economy. Given its importance the government has offered incentives to foreign investors, in expectation that more and more fresh capital would enter Indonesia.
Unfortunately, incentives often make foreign investors disregard their duties such as submitting their Capital Investment Activity Report (LKPM) to the Indonesian Investment Coordinating Board (BKPM).
As a result, thousands of Foreign Investment (PMA), which had their principal licenses issued between 2000 and 2006, are now facing possible revocation of thei principal license.
Franky Sibarani the Head of BKPM, explained that companies must obey Indonesian laws. At present the principal licenses suspension for both domestic and foreign investment, are carried out based on Law No. 25 of 2007 on Investment and the Head of BKPM Regulation No. 3 of 2012 on Guidelines and Procedures to Control the Realization of Investment.
According to Mr. Sibarani, there are two main reasons to why licenses are revoked, either it’s expired or the holders fail to submit LKPMs to the BKPM.
For licenses that have expire, the BKPM will revoke it, in expectation that every company under BKPM supervision will implement their investment plan based on the schedule printed on their license.
Based on BKPM data, there are about 7,811 expired licenses with a total investment value of IDR 600 trillion (ed. rounded). As stipulated under the Head of BKPM Regulation No. 3 of 2012, license revocationm, which will be carried out by the respective authority.
Regarding failure to submit LKPMs, Mr. Sibarani further explains that domestic and foreign investors, must submit their LKPM on time based on the dates announced by the government. For example, on the second trimester period (April-June) 2015, all LKPMs must be submitted by July 10th, 2015 at the latest.
M.M. Azhar Lubis, Deputy on Capital Investment Implementation Control, reveals that by March 2015 the BKPM has revoked 6,541 licenses during 2007 to 2012. The revocation serves as a follow-up for the unresponsive first and final written notice sent by BKPM to these businesses.
“Having their foreign investment principal license revoked, companies that continues its operation are in violation of the law,” Mr. Lubis concluded.
(ja/nm/ds)
Indonesian Version
Fitri N Heriani, Marcell Sihombing
Investment is a crucial propeller that moves the economy. Given its importance the government has offered incentives to foreign investors, in expectation that more and more fresh capital would enter Indonesia.
Unfortunately, incentives often make foreign investors disregard their duties such as submitting their Capital Investment Activity Report (LKPM) to the Indonesian Investment Coordinating Board (BKPM).
As a result, thousands of Foreign Investment (PMA), which had their principal licenses issued between 2000 and 2006, are now facing possible revocation of thei principal license.
Franky Sibarani the Head of BKPM, explained that companies must obey Indonesian laws. At present the principal licenses suspension for both domestic and foreign investment, are carried out based on Law No. 25 of 2007 on Investment and the Head of BKPM Regulation No. 3 of 2012 on Guidelines and Procedures to Control the Realization of Investment.
According to Mr. Sibarani, there are two main reasons to why licenses are revoked, either it’s expired or the holders fail to submit LKPMs to the BKPM.
For licenses that have expire, the BKPM will revoke it, in expectation that every company under BKPM supervision will implement their investment plan based on the schedule printed on their license.
Based on BKPM data, there are about 7,811 expired licenses with a total investment value of IDR 600 trillion (ed. rounded). As stipulated under the Head of BKPM Regulation No. 3 of 2012, license revocationm, which will be carried out by the respective authority.
Regarding failure to submit LKPMs, Mr. Sibarani further explains that domestic and foreign investors, must submit their LKPM on time based on the dates announced by the government. For example, on the second trimester period (April-June) 2015, all LKPMs must be submitted by July 10th, 2015 at the latest.
M.M. Azhar Lubis, Deputy on Capital Investment Implementation Control, reveals that by March 2015 the BKPM has revoked 6,541 licenses during 2007 to 2012. The revocation serves as a follow-up for the unresponsive first and final written notice sent by BKPM to these businesses.
“Having their foreign investment principal license revoked, companies that continues its operation are in violation of the law,” Mr. Lubis concluded.
(ja/nm/ds)
Fitri N Heriani, Marcell Sihombing
Investment is a crucial propeller that moves the economy. Given its importance the government has offered incentives to foreign investors, in expectation that more and more fresh capital would enter Indonesia.
Unfortunately, incentives often make foreign investors disregard their duties such as submitting their Capital Investment Activity Report (LKPM) to the Indonesian Investment Coordinating Board (BKPM).
As a result, thousands of Foreign Investment (PMA), which had their principal licenses issued between 2000 and 2006, are now facing possible revocation of thei principal license.
Franky Sibarani the Head of BKPM, explained that companies must obey Indonesian laws. At present the principal licenses suspension for both domestic and foreign investment, are carried out based on Law No. 25 of 2007 on Investment and the Head of BKPM Regulation No. 3 of 2012 on Guidelines and Procedures to Control the Realization of Investment.
According to Mr. Sibarani, there are two main reasons to why licenses are revoked, either it’s expired or the holders fail to submit LKPMs to the BKPM.
For licenses that have expire, the BKPM will revoke it, in expectation that every company under BKPM supervision will implement their investment plan based on the schedule printed on their license.
Based on BKPM data, there are about 7,811 expired licenses with a total investment value of IDR 600 trillion (ed. rounded). As stipulated under the Head of BKPM Regulation No. 3 of 2012, license revocationm, which will be carried out by the respective authority.
Regarding failure to submit LKPMs, Mr. Sibarani further explains that domestic and foreign investors, must submit their LKPM on time based on the dates announced by the government. For example, on the second trimester period (April-June) 2015, all LKPMs must be submitted by July 10th, 2015 at the latest.
M.M. Azhar Lubis, Deputy on Capital Investment Implementation Control, reveals that by March 2015 the BKPM has revoked 6,541 licenses during 2007 to 2012. The revocation serves as a follow-up for the unresponsive first and final written notice sent by BKPM to these businesses.
“Having their foreign investment principal license revoked, companies that continues its operation are in violation of the law,” Mr. Lubis concluded.
(ja/nm/ds)