Indonesia Investment Coordinating Board or BKPM came up with the new way to ease foreign and domestic investors in making investment today. With the latest National Single Window for Investment system, investors will no longer need plenty of time when trying to make investment in Indonesia. The National Single Window for Investment (NSWI) is an online investment system that linked various government agencies’ database in issuing licenses needed to make investment.
This online investment system was designed to reduce the time needed by investors to make direct investment. Investors are no longer need to visit each government agencies’ office to obtain all the necessary permits. In a short way, it is a gateway to a paperless and convenient investment system.
Along with NSWI, there is an online system which is made to support investment process in BKPM’s One-Stop Service or Pelayanan Terpadu Satu pintu (PTSP) called Sistem Pelayanan Informasi dan Perizinan Investasi Secara Elektronik (SPIPISE). Through SPIPISE, investors can easily apply for investment license, as well as using this portal to gain comprehensive information regarding your investment and Indonesia investment in general.
Through SPIPISE, you can easily track your investment application process through BKPM Online Tracking System. It is quite easy to see your current progress, the status of your licensing application, what did you missed regarding the requirements, and many more.
Another online investment system that investors should understand is Online Single Submission (OSS) system. This is an integrated online system that is connecting several online licensing system, including SPIPISE, SiCantik Kemenkominfo (online licensing system used by the Regional PTSP), NSWI, and the other online licensing system. All investor’s data along with their investments are available here as a part of one big Indonesia investment system.
With OSS, foreign or domestic investors can easily get investment permit in less than one hour. You can get this quick investment permit as long as you are qualified to its requirements. There are some particular investment conditions to meet if you want to get benefit from this service. That is if the investor is going to invest in business sectors which are regulated in Government Regulation (GR) No. 24 of 2018 about Electronic Single Submission System (Online Single Submission/OSS).
However, for the investors that want to invest in business sectors other than that already regulated in GR No. 24 of 2018, BKPM still opens its door for the One-Stop Service Center (PTSP Pusat). BKPM is still available to help and facilitate any investors if they face problems while trying to realize their investment in Indonesia.
Also in BKPM Office, investor will also be aided if they want to clarify the business licensing application procedures they submitted through OSS. To sum it up, BKPM supporting government’s regulation through all its policy and system that allows database to synchronize and coordinate with other government agencies to ease the investors that want to make investment in Indonesia.