Investor Presentaiton slide image

Investor Presentaiton

Risk-based Business Licensing Deregulation Measures To Encourage FDI 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. Starting a Business Doing Business RISK-BASED TARGETING - Optimizing Effectiveness and Cost of Monitoring: Resource and time limitations The Government implemented OSS-RBA on August 9, 2021, based on Regulation 5 of 2021. • Low Risk Medium Risk High Risk • Focus on critical hazards that are more likely to arise NIB Issued = 4.886.769 Period August 4, 2021 – July 26, 2023 • Based on Business Based on Actor: Investment Type: Based on Business Scale: Business Entity Micro = • FDI = 17.954 = 605.807 DDI = Individual = 4.868.815 • 4.280.962 • Short Medium-term • - Action Plans 4.669.739 = Small 158.938 Medium 20.101 Large = 37.991 Accelerate the reduction of Ex Ante licenses toward Ex Post compliance (Risk-Based Approach) • Towards technical regulations for risk management - Third Party System . Establish OSS as a national portal for business licenses with legal security Long-term Speed up better development approach (e.g., climate change, etc.) Source: Coordinating Ministry of Economics Consider random inspections because blanket inspections are not appropriate, resulting in excessively costly (for countries. and businesses) INSPECTION: . • Based on the risk Inspection is carried out to ensure the implementation of operational and commercial activities according to business standards exception in the implementation of supervision for Micro and Small Enterprises implementation of inspections can be carried out by certified professionals (third parties). The Progress of Development Monitoring/Inspection Subsystem Of the 44 modules in the monitoring (inspection) subsystem: • 36 modules have been completed/embedded in the OSS RBA (go-live) • 8 modules are still in the process of User Acceptance Testing (UAT) 31
View entire presentation