Govt. Set to Issue Provisions on Business Licensing and Investment Facilities for IKN Nusantara

In a bid to expedite the construction and development of the planned Nusantara state capital city of Indonesia (Ibu Kota Negara – “IKN”), the government is currently preparing a Draft Regulation on Business Licensing, Ease of Doing Business (“EoDB”) and Investment Facilities for Business Actors in the State Capital of Nusantara (“Draft Regulation”).[1] In essence, the Draft Regulation aims to provide higher levels of legal certainty, opportunity and participation for business actors (“Actors”) in terms of the development of IKN Nusantara.[2]