Month: January 2021

An Update on Business License by Omnibus Law

“The Omnibus Law changed on the business licensing from the classifications, requirements, to the process itself. The Environment aspect is will also be one of the approval documents, especially for the high-risk business activity.” In order to attract investors and bolster investment, the Government through Omnibus Law simplifies the licensing process and investment requirements by […]

Financial Technology Industry in KBLI 2020

“KBLI 2020 has categorized fintech industry into specific code which adjusted based on its development.” Following the promulgation of Regulation of Head of Indonesia Central Bureau of Statistics No. 2 of 2020 on Indonesia Standard Industrial Classification (“Klasifikasi Baku Lapangan Usaha Indonesia” or “KBLI 2020”), KBLI category of financial technology (“fintech”) industry has categorized into […]