Indonesia has launched a risk-based online single submission system for business licensing on Monday, a long-delayed milestone that the government had hoped would improve the ideas of doing business in the country and boost investment.
"Business licensing that is integrated, fast, and simple, determine our competitiveness to attract investment," President Joko "Jokowi," Widodo said during an inauguration event for the Risk-Based Online Single Submission (OSS) System at the Ministry of Investment and Investment Coordinating Board (BKPM) office in Jakarta on Monday.
Jokowi said the new risk-based OSS system provides service standards for all levels of government that issue permits at the central and regional levels. The system defined clearer responsibilities of the licensee and made licensing services more integrated, Jokowi said.
“I also want to emphasize that risk-based OSS services are not meant to castrate local authority," the president said.
BKPM data showed domestic and foreign direct investments in Indonesia grew 10 percent reached Rp 443 trillion ($30 billion) in the first six months this year compared to the same period last year.
Minister of Investment and the Head of BKPM Bahlil Lahadalia said the new risk-based OSS system could link investors with ministries or agencies, local governments, administrators of special economic zones (KEK), and the Free Port Free Trade Zone (KPBPB).
The OSS system can accommodate licensing process for 1,702 kinds of businesses, including 1,349 already registered in the Indonesian Standard Classifications of Business (KBLI), which have been implemented in the risk-based OSS system, minister said.
Source: JakartaGlobe
Author(s): Novy Lumanauw, Triyan Pangastuti
Original published date: 10 August, 2021
August 13, 2021
