The Indonesian Government previously issued Regulation No. 5 of 2021 on the Organization of Risk-Based Business Licensing and its Amendment (collectively referred to as “ Regulation 5/2021 ”), which established the main regulatory framework for risk-based business licensing. This framework encompasses determinations of risk levels and business scales, as well as basic licensing requirements, and various supervision and evaluation mechanisms that apply throughout Indonesia.

Indonesia's New Risk-Based Licensing System: New Sectors, System and Sanctions
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