North Sumatra Investment Book
B BANK INDONESIA
BANK SENTRAL REPUBLIK INDONESIA
FISCAL INCENTIVES POLICY TO BOOST THE ECONOMY
A new paradigm in accelerating the licensing process to improve Indonesia's investment competitiveness
Ease of Doing Business
Risk-based Business License
Ex-ante Licensing (satisfying all requirements in
advance) is effectively replaced by ex-post
licensing (the requirements are checked
afterward), which will be particularly advantageous
for low- and medium-risk businesses.
Risk Based Business Licensing aiming to simplify the
procedure to obtain a business license based on risk
analysis and determination of the scale of a business
(whether it is a small or a big business)
There are 16 sectors in which the Gov
Regulation No 5/2021 covers licensing:
Low Risk
Medium Risk
High Risk
1.
Marine & fisheries;
2.
Agriculture;
3.
The environment & forestry;
4.
Energy & mineral resources;
5.
Nuclear energy;
6.
Industry;
7.
Trading;
8.
Public works and housing;
Only required to obtain
a Business
Identification Number
Business Identification
Number + Standard
Certificate
Business Identification
Number + License +
Standard Certificate
issued by either the central
or regional government
9.
Transport;
10. Health, medicine and food;
11. Education and culture;
12. Tourism;
13. Religion;
14. Post, telecommunications, broadcasting,
electronic systems and transactions;
15. Defense & safety;
16. Employment.
Online Single Submission (OSS) – Risk Based Approach (RBA) already implemented
starting August 9, 2021 in all regions of Indonesia
North Sumatra Investment Book
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