Indonesia’s Investment Coordinating Board Officially Launches Pilot One-Stop Investment Service
According to a January 14 report by the Jakarta Post, Indonesia’s Investment Coordinating Board will begin a pilot implementation of a “one-stop” investment licensing system effective today, with participation from 15 major provinces across the country. The new investment licensing mechanism is scheduled to be officially launched by the end of this month.
Franky, Chairman of Indonesia’s Investment Coordinating Board, stated that 135 types of permits across the power, industrial, and agricultural sectors will be included in this pilot program. Sixteen Indonesian government ministries and the National Police have all agreed to authorize the Investment Coordinating Board to issue these 135 investment permits, with the National Agency of Drug and Food Control and the National Standards Agency also participating on a consultative basis. Eighteen relevant departments and agencies have each appointed representatives to the Investment Coordinating Board to ensure that related procedures are processed as swiftly as possible, so investors no longer need to shuttle between different agencies to obtain investment permits—instead, they can simply go to the Investment Coordinating Board. The Board will set aside disputes among stakeholders and strive to make the processing of investment permits faster, simpler, and more transparent.
For a long time, Indonesia has been criticized for the excessively lengthy process of obtaining investment permits; in the World Bank’s 2015 Doing Business ranking, Indonesia ranked 114th out of 189 economies. The Indonesian government’s efforts to streamline investment permitting and establish integrated service centers date back to 2009, when former President Susilo Bambang Yudhoyono signed the relevant legislation. The government hopes that by simplifying the investment permit application process, it can stimulate investment and raise its share of GDP to around 30%. The Investment Coordinating Board has also set a target of US$73.3 billion in investment by 2019, a goal that is inseparably linked to the success of the one-stop investment licensing system.
Franky stated that the Investment Coordinating Board has established a special task force to streamline local permitting procedures and has set a target of establishing one-stop permitting centers in 70 cities across 22 provinces. Since last year, corresponding measures have been implemented at the local level, such as merging local permit-issuance centers with the Investment Coordinating Board’s regional offices. However, due to the policy of local regional autonomy, the Investment Coordinating Board is unable to directly intervene in the operations of local governments.
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