Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Marcell Sihombing, Fitri N. Heriani
The Indonesia Investment Coordinating Board. Photo by: RES
Following up on its plan to launch a three-hour investment licensing program, the Indonesian Investment Coordinating Board (BKPM) stated that it was currently focusing its energies on finalizing all of the necessary preparations.
BKPM Head Franky Sibarani, affirmed that preparations relating to the equipment and instruments which will be used to support the program had already entered their final stage. Mr. Sibarani also expressed his hope that these preparations would result in a first-class service for all investors. Indeed, the BKPM is even going so far as to offer in-house notaries in order to accelerate the process of applying for a license.
It is hoped that the new three-hour licensing program will bolster labor-intensive investments into the country which, according to BKPM data, absorbed some 1,059,734 members of the Indonesian workforce between January and September of this year. This is a full 10.4% higher than the total for the same period in 2014, which saw 960,336 members of the workforce being employed.
Value-wise, investment realization has now reached a total of IDR 400 trillion, which represents an increase of 16.7% over the same period last year and its investment realization of some IDR 342 trillion. Meanwhile, domestic investment (PMDN) realization between January and September increased by 16.4%, which is equivalent to IDR 133.2 trillion, while Foreign Direct Investment (FDI) increased by 16.9%, which is equivalent to IDR 266.8 trillion.
In order to ensure speedy license processing, Mr. Sibarani stresses that investors must provide all of the required documents before filing an application directly with the One-Stop Integrated Service (PTSP) section of the BKPM. If this requirement has been met satisfactorily, then the three-hour process can be effectively carried out, and may even take less time than this.
“The filing of complete and correct applications by investors will contribute greatly to fast and effective processing by the PTSP,” asserts Mr. Sibarani in a press release obtained by hukum online on 23 October 2015.
Furthermore, Mr. Sibarani also states in the press release that the three-hour processing option for projects is only available to projects which have a minimum capitalization value of IDR 100 billion and/or projects capable of absorbing a minimum of 1000 members of the Indonesian workforce.
Investors who intend to utilize the three-hour program must also supply their individual data and business-flow charts. Individual data refers to an ID card (for Indonesian citizens), a passport (for foreign citizens), a deed of establishment (for domestic companies), or articles of association (for foreign companies).
Lestari Indah from the Capital Investment Services Division has already outlined the various details and steps involved in the three-hour processing program. Mrs. Indah has revealed that investors should consult directly with the BKPM’s Director of Services, while handing over all necessary data and documents pertaining to the application. After this step has been completed, then the investor in question simply has to wait in a designated room while the processing is handled by BKPM and until the relevant license is issued.
“BKPM staff assigned to an investor’s application will handle all of the licensing processes, including sorting out the investment license with the BKPM, the relevant deed of establishment with a notary, a tax-identification number with the Directorate General of Tax, and the acquisition of any land with the Ministry of Agrarian and Spatial Affairs/National Land Agency,” concluded Ms. Indah.
(sp)
Marcell Sihombing, Fitri N. Heriani
The Indonesia Investment Coordinating Board. Photo by: RES
Following up on its plan to launch a three-hour investment licensing program, the Indonesian Investment Coordinating Board (BKPM) stated that it was currently focusing its energies on finalizing all of the necessary preparations.
BKPM Head Franky Sibarani, affirmed that preparations relating to the equipment and instruments which will be used to support the program had already entered their final stage. Mr. Sibarani also expressed his hope that these preparations would result in a first-class service for all investors. Indeed, the BKPM is even going so far as to offer in-house notaries in order to accelerate the process of applying for a license.
It is hoped that the new three-hour licensing program will bolster labor-intensive investments into the country which, according to BKPM data, absorbed some 1,059,734 members of the Indonesian workforce between January and September of this year. This is a full 10.4% higher than the total for the same period in 2014, which saw 960,336 members of the workforce being employed.
Value-wise, investment realization has now reached a total of IDR 400 trillion, which represents an increase of 16.7% over the same period last year and its investment realization of some IDR 342 trillion. Meanwhile, domestic investment (PMDN) realization between January and September increased by 16.4%, which is equivalent to IDR 133.2 trillion, while Foreign Direct Investment (FDI) increased by 16.9%, which is equivalent to IDR 266.8 trillion.
In order to ensure speedy license processing, Mr. Sibarani stresses that investors must provide all of the required documents before filing an application directly with the One-Stop Integrated Service (PTSP) section of the BKPM. If this requirement has been met satisfactorily, then the three-hour process can be effectively carried out, and may even take less time than this.
“The filing of complete and correct applications by investors will contribute greatly to fast and effective processing by the PTSP,” asserts Mr. Sibarani in a press release obtained by hukum online on 23 October 2015.
Furthermore, Mr. Sibarani also states in the press release that the three-hour processing option for projects is only available to projects which have a minimum capitalization value of IDR 100 billion and/or projects capable of absorbing a minimum of 1000 members of the Indonesian workforce.
Investors who intend to utilize the three-hour program must also supply their individual data and business-flow charts. Individual data refers to an ID card (for Indonesian citizens), a passport (for foreign citizens), a deed of establishment (for domestic companies), or articles of association (for foreign companies).
Lestari Indah from the Capital Investment Services Division has already outlined the various details and steps involved in the three-hour processing program. Mrs. Indah has revealed that investors should consult directly with the BKPM’s Director of Services, while handing over all necessary data and documents pertaining to the application. After this step has been completed, then the investor in question simply has to wait in a designated room while the processing is handled by BKPM and until the relevant license is issued.
“BKPM staff assigned to an investor’s application will handle all of the licensing processes, including sorting out the investment license with the BKPM, the relevant deed of establishment with a notary, a tax-identification number with the Directorate General of Tax, and the acquisition of any land with the Ministry of Agrarian and Spatial Affairs/National Land Agency,” concluded Ms. Indah.
(sp)