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    Deddy Mizwar to Attend Launch of 3 Hours Investment Permit

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    Jakarta - Vice Governor of West Java Deddy Mizwar attended to the launch of 3 Hours Investment Permit to encourage labor-intensive investment in Indonesia from the Investment Coordinating Board (BKPM) by Vice President Jusuf Kalla in the Nusantara Room BKPM Office, Jakarta, on Monday (11/01/2016).

    The launch was conducted in front of 400 invitees that consisted of the economics ministry in the Working Cabinet, Ambassadors, the regional heads, foreign business associations, representatives of businessmen, as well as potential investors and other invitees.

    According to the Head of BKPM Franky Sibarani, the importance of 3 hour investment service permit related to the simplification of the length of time needed to obtain 8 (a product licensing) plus 1 letter of land booking. The licensing process was trimmed from the original which takes 23 days to 3 hours.

    "From the count by BKPM it takes 23 days, but now it takes only three hours," said Franky.

    Product licensing that will be given in the 3 hour investment service permit are: 1) Investment Permit, 2) Taxpayer Identification Number (NPWP), 3) the Deed of Establishment and SK Approval from the Ministry of Justice and Human Rights, 4) Company Registration (TDP), 5) Expatriate Employment Plan (RPTKA), 6) Expatriate Employment Permits (IMTA), 7) Producer Importer Identification Number (API-P), and 8) Customs Identification Number (NIK). In addition, the letter of land booking issued by the Ministry of Agricultural and Spatial Planning.

    In his speech, Frangky also said the service permission is part of the mental revolution through BKPM in terms of simplification of licensing, facilitating investments that hampered, and increased investment. It is hoped it could have strategic role encouraging inflows of both foreign and domestic investment to Indonesia, so they can have a more superior competitiveness.

    BKPM has prepared a companion investor to help investors utilise this 3 hour investment service permit. Investors who comes directly bringing his investment plans of more than Rp 100 billion and/or absorb the labor at least 1,000 people are expected to submit the data (passport or certificate of foreign companies) and the flow of production activities of the company.

    This launch was a refinement of the 3 hour investment service permit with 3 licensing product and letters of land booking that made on October 26, 2015.

    Until January 11, 2016 it has been noted that there are seven companies with a total investment value of Rp 17.85 trillion has been using the services. These companies engaged in manufacturing, real estate, power plants, ports, and livestock farming.

     

     

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