BKPM rolls out Fast-Track Business Licensing Service
Indonesia’s Investment Coordinating Board, or BKPM, kicked off its so-called fast-track business licensing service on Monday, offering to expedite the issuance of basic permits to major investors in just three hours.
At the end of the process, available only to companies planning to invest at least Rp 100 billion ($7.36 million) or employ at least 1,000 Indonesians, the investors should receive an investment permit, a notarized deed of corporate establishment, a corporate tax registration number, and letter detailing land availability in the area they plan to invest in.
The process starts with business owners arriving in person at the BKPM office to submit the necessary documents and inform the board’s service director about their investment plans.
The documents include a list of the company’s shareholders and an article of association if the company is foreign, as well as a production process flowchart summarizing its business operations.