NEW BKPM REGULATIONS ON GUIDELINES AND PROCEDURES FOR INVESTMENT APPLICATIONS

The Investment Coordinating Body of Indonesia (“BKPM”) issued BKPM Regulation No. 12 of 2009 regarding Guidelines and Procedures Application (December 23, 2009) (“BKPM Reg 12/09”) that replaced the previous BKPM Regulations on the Guidelines and Procedures for Investment Applications under Domestic and Foreign Investments. There are several points to be highlighted amongst others: the application process divides into 3 stages e.g. registration, principle approval and operation approval; the electronic submission of application; and the process of application is in 3 days from the receipt of a complete application. This regulation came into force on January 2, 2010.

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