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Simplify BKPM Investment Permit requirements 3 Hours

Jakarta (Benchmark News) – Indonesia Investment Coordinating Board (BKPM) will eliminate a number of conditions in the investment license 3 hours. This is to attract more investment from the tax amnesty program (tax amnesty).

Head of BKPM Thomas Lembong said it is preparing various means to speed up the repatriation of the funds coming from tax amnesty to the real sector investments. It is for the participants is not only a tax amnesty repatriation of funds parked in banks, but rather invested in the real sector.

“The input of funds repatriation, enter first in the bank and might in the instruments liquid to decide entry in the real sector needs time. Still look around. We again set up some means to accelerate those funds from banks into the real sector , “he said in the MPR / DPR building, Jakarta, Tuesday (16/08/2016).

He revealed, one under review, namely abolishing the minimum investment requirement of Rp 100 billion and minimal absorb 1,000 workers for investors who want to obtain an investment license service 3 hours.

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