2022 State Budget and Fiscal Incentives Presentation slide image

2022 State Budget and Fiscal Incentives Presentation

Implementing Regulation on Risk-Based Licensing A new paradigm in accelerating the licensing process to improve Indonesia's investment competitiveness Ease of Doing Business 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 License 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 9. Transport; 1. Marine & fisheries; 10. Health, medicine and food; High Risk Business Identification 2. Agriculture; 11. Education and culture; 3. The environment & forestry; 4. Energy & mineral resources; 5. Nuclear energy; 6. Industry; 7. Trading; 8. Public works and housing; 12. Tourism; 13. Religion; 14. Post, telecommunications, broadcasting, electronic systems and transactions; Only required to obtain a Business Identification Business Identification Number + Standard Number + License + Standard Certificate issued by either the 15. Defense & safety; 16. Employment. KEMENTERIAN INVESTASI/ BKPM Source: Coordinating Ministry for Economic Affairs central or regional government Online Single Submission (OSS) – Risk Based Approach (RBA) will be implemented starting August 9, 2021 in all regions of Indonesia Number Certificate 30 30
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