Are you planning to invest in Indonesia? Then you must have heard about the Badan Penanaman Modal Pusat (BKPM). It is the Indonesian Investment Coordinating Board responsible for attracting and facilitating foreign investment in the country.
In this article, we will discuss everything you need to know about BKPM, from its history to its functions and services, and how it can help you invest in Indonesia.
History of BKPM
BKPM was established in 1973 as a non-ministerial government agency under the supervision of the President of Indonesia. Its main role was to promote, coordinate, and facilitate foreign investment in the country, as well as to provide investment-related services to investors.
Since its establishment, BKPM has undergone several changes in its structure, roles, and functions, in response to the changing needs and challenges of the investment climate in Indonesia. Today, BKPM is a strategic agency that plays a crucial role in supporting the growth and development of the Indonesian economy through foreign investment.
Roles and Functions of BKPM
BKPM has several roles and functions that are aimed at promoting and facilitating foreign investment in Indonesia. Some of the main roles and functions of BKPM are:
1. Investment Promotion
BKPM promotes Indonesia as an attractive investment destination by providing information and assistance to potential investors. It also conducts investment missions and roadshows to various countries to attract foreign investors.
2. Investment Facilitation
BKPM facilitates foreign investment in Indonesia by providing various services, such as investment advisory, investment licensing, and investment incentives. It also coordinates with other government agencies to ensure a smooth and efficient investment process for investors.
3. Investment Monitoring
BKPM monitors and evaluates the performance of foreign investors in Indonesia and provides necessary support and assistance to ensure their continued success. It also works closely with other government agencies to address any issues or challenges faced by investors.
Services Offered by BKPM
BKPM provides several services to investors that are aimed at facilitating their investment in Indonesia. Some of the main services offered by BKPM are:
1. Investment Licensing
BKPM is responsible for issuing investment licenses to foreign investors who want to invest in Indonesia. It provides various types of investment licenses, such as the Principle License, which allows investors to establish a new business in Indonesia, and the Business License, which allows investors to operate their business in Indonesia.
2. Investment Advisory
BKPM provides investment advisory services to investors who want to invest in Indonesia. It provides information on investment opportunities, investment regulations, and investment incentives, as well as advice on how to start and operate a business in Indonesia.
3. Investment Incentives
BKPM provides various investment incentives to investors who invest in certain sectors or regions in Indonesia. These incentives include tax holidays, tax allowances, import duty exemptions, and other fiscal and non-fiscal incentives.
4. Investment Aftercare
BKPM provides investment aftercare services to investors who have already invested in Indonesia. These services include monitoring and evaluation of their investment performance, providing support and assistance to address any issues or challenges faced by investors, and promoting their continued success in Indonesia.
How BKPM Can Help You Invest in Indonesia
If you are planning to invest in Indonesia, BKPM can help you in several ways. Some of the ways in which BKPM can help you invest in Indonesia are:
1. Providing Investment Information
BKPM provides information on investment opportunities, investment regulations, and investment incentives in Indonesia. This information can help you make informed decisions about your investment in Indonesia.
2. Facilitating Investment Licensing
BKPM is responsible for issuing investment licenses to foreign investors who want to invest in Indonesia. It can help you with the entire licensing process, from application to approval.
3. Providing Investment Advisory
BKPM provides investment advisory services to investors who want to invest in Indonesia. It can provide you with advice on how to start and operate a business in Indonesia, as well as on investment opportunities and regulations.
4. Providing Investment Incentives
BKPM provides various investment incentives to investors who invest in certain sectors or regions in Indonesia. These incentives can help you reduce your investment costs and increase your return on investment.
5. Providing Investment Aftercare
BKPM provides investment aftercare services to investors who have already invested in Indonesia. These services can help you address any issues or challenges faced by your investment and promote your continued success in Indonesia.
Conclusion
BKPM plays a crucial role in promoting and facilitating foreign investment in Indonesia. It provides various services to investors, such as investment licensing, investment advisory, investment incentives, and investment aftercare, that can help them invest in Indonesia with ease and success.
If you are planning to invest in Indonesia, BKPM is your one-stop-shop for all your investment needs. Contact BKPM today to start your investment journey in Indonesia.
