Nearing the end of the year 2018, The Electronic Integrated Business Licensing System (Perizinan Berusaha Terintegrasi Secara Elektronik abbreviated as PBTSE), also known as the Online Single Submission (OSS) system, will be transferred from the Coordinating Ministry for Economic Affairs to the Investment Coordinating Board (BKPM), starting on January 2, 2019.
The schedule is as the following:
BKPM’s Main Secretary Andi Maulana stated that he was ready to accept the transfer of business licensing services and OSS system management from the Coordinating Ministry for Economic Affairs. The OSS system is a web-based system that currently runs on cloud infrastructure and as such does not require any application transfer.
Coordinating Minister for Economy, Darmin Nasution has emphasized that OSS will only run temporarily in the Coordinating Ministry for Economic Affairs. It is only a transitional period before its permanent implementation by BKPM.
OSS was established based on Government Regulation Number 24 of 2018 concerning Electronic Integrated Business Licensing Services. Established on July 9, 2018, the system attempts to simplify business licensing and create a model of integrated licensing services that are fast, inexpensive and provide certainty for business applicants.
Other updates: New Negative Investment List Opens 54 Sectors to Foreigners
The system is currently accepting applications as usual since such process is being conducted online. Further updates will be visible next year upon execution of the schedule. For more information contact our teams of advisors based in Jakarta, Semarang, and Bali.
Other updates: Digital Financial Innovation in Indonesia
Cekindo is a leading one-stop market entry company that not only provides market penetration services but presents legal updates in order to keep Cekindo’s clients updated and in compliance with the current law.