The Head of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal– “BKPM”) has issued Regulation No. 6 of 2016 (“Amendment”), which amends Head of BKPM Regulation No. 14 of 2015 on Guidelines and Procedures for Principal Investment Licensing (“Regulation”). [1] The Amendment aims to improve and simplify licensing and non-licensing services relating to the investment sector at One-Stop Integrated Services (Pelayanan Terpadu Satu Pintu– “PTSP”) facilities at the central and regional levels. The changes cover:
Principal Investment-Licensing Provisions Amended
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