BKPM: Indonesia's Investment Coordinating Board and Its Role in Strengthening the Investment Climate
BKPM, or the Investment Coordinating Board, is a non-ministerial government agency that plays a vital role in strengthening Indonesia's investment climate. In the face of global economic dynamics and increasingly fierce regional competition, BKPM serves as the front line in facilitating both domestic and foreign investors to deploy their capital efficiently and sustainably in the country. Its official website, bkpmri.id, serves as an important information bridge between the government and prospective investors who require legal certainty, sectoral information, and transparent and expeditious licensing processes.
What Is BKPM?
BKPM was established with the primary objective of increasing investment in Indonesia. The agency functions as a coordinator for the planning and implementation of investment policy across all sectors of the national economy. Over time, BKPM has also assumed a strategic role as provider of one-stop integrated services (PTSP) for investors. Through the simplification of bureaucratic processes via the Online Single Submission (OSS) system, BKPM has made business licensing faster and more efficient. These services apply not only to large investors but also to micro, small and medium enterprises (MSMEs).
Duties and Functions of BKPM
BKPM carries out various strategic tasks, including formulating investment policies that support economic growth, conducting investment promotion to attract interest from international investors, providing information services and consultations regarding investment potential across various regions of Indonesia, accompanying the business licensing process and investment facilities comprehensively, and monitoring and evaluating investment realisation to ensure projects proceed according to plan.
BKPM's Role in Supporting National Economic Growth
BKPM's role extends beyond promotion and licensing. The agency also bears significant responsibility for maintaining the balance between economic growth and environmental sustainability. In partnership with various ministries and other agencies, BKPM helps drive the spread of investment to regions outside Java that have not yet been optimally reached by major investment.
For example, BKPM is actively developing industrial zones outside Java and accelerating investment realisation in infrastructure, energy, agriculture, manufacturing and technology. All of this is directed towards creating equitable development and generating mass employment.
Investment Information Access Through bkpmri.id
To provide convenience to the public and prospective investors, BKPM maintains its official website as a comprehensive information centre covering investment realisation data and statistics, guides to investing in Indonesia, updates on the latest regulations and policies, information on priority investment sectors, and contact details for information services and assistance.
Through bkpmri.id, investors can easily understand the procedures and investment opportunities available, including the latest regulations and incentive policies offered by the Indonesian government.
Investment Climate Reform Through OSS and PTSP
One of the major innovations driven by BKPM is the integration of the OSS system as part of the National PTSP. This system serves as a single platform for managing various business licences, from the initial establishment stage through to the operational and reporting stages.
With the OSS system, bureaucratic processes that were previously convoluted can now be completed in hours or days rather than weeks or months. This sends a positive signal to investors that Indonesia is serious about improving its investment climate and becoming a worthy destination for capital deployment.
Ease of Investment Services for MSMEs
BKPM also supports MSME development by providing various incentives and technical guidance, recognising that the MSME sector is the backbone of the national economy. Through collaboration with regional governments and related agencies, BKPM promotes easier access to financing, technology and markets for small and medium business operators.
Collaboration with Foreign Investors
BKPM also plays an important role in facilitating relations between foreign investors and local partners. This collaboration is needed for technology transfer, enhancement of local human resource capacity, and job creation. Through various international forums and exhibitions, BKPM actively conducts economic diplomacy and promotes Indonesia's investment potential on the world stage.
Commitment to Certainty and Transparency
In its efforts to improve business perceptions, BKPM remains committed to maintaining legal certainty, regulatory transparency and fair business conditions. By strengthening the digitalisation of services and investment oversight, BKPM aims to ensure that every investor receives a positive experience from the outset through to the project realisation stage.
What Is BKPM?
BKPM was established with the primary objective of increasing investment in Indonesia. The agency functions as a coordinator for the planning and implementation of investment policy across all sectors of the national economy. Over time, BKPM has also assumed a strategic role as provider of one-stop integrated services (PTSP) for investors. Through the simplification of bureaucratic processes via the Online Single Submission (OSS) system, BKPM has made business licensing faster and more efficient. These services apply not only to large investors but also to micro, small and medium enterprises (MSMEs).
Duties and Functions of BKPM
BKPM carries out various strategic tasks, including formulating investment policies that support economic growth, conducting investment promotion to attract interest from international investors, providing information services and consultations regarding investment potential across various regions of Indonesia, accompanying the business licensing process and investment facilities comprehensively, and monitoring and evaluating investment realisation to ensure projects proceed according to plan.
BKPM's Role in Supporting National Economic Growth
BKPM's role extends beyond promotion and licensing. The agency also bears significant responsibility for maintaining the balance between economic growth and environmental sustainability. In partnership with various ministries and other agencies, BKPM helps drive the spread of investment to regions outside Java that have not yet been optimally reached by major investment.
For example, BKPM is actively developing industrial zones outside Java and accelerating investment realisation in infrastructure, energy, agriculture, manufacturing and technology. All of this is directed towards creating equitable development and generating mass employment.
Investment Information Access Through bkpmri.id
To provide convenience to the public and prospective investors, BKPM maintains its official website as a comprehensive information centre covering investment realisation data and statistics, guides to investing in Indonesia, updates on the latest regulations and policies, information on priority investment sectors, and contact details for information services and assistance.
Through bkpmri.id, investors can easily understand the procedures and investment opportunities available, including the latest regulations and incentive policies offered by the Indonesian government.
Investment Climate Reform Through OSS and PTSP
One of the major innovations driven by BKPM is the integration of the OSS system as part of the National PTSP. This system serves as a single platform for managing various business licences, from the initial establishment stage through to the operational and reporting stages.
With the OSS system, bureaucratic processes that were previously convoluted can now be completed in hours or days rather than weeks or months. This sends a positive signal to investors that Indonesia is serious about improving its investment climate and becoming a worthy destination for capital deployment.
Ease of Investment Services for MSMEs
BKPM also supports MSME development by providing various incentives and technical guidance, recognising that the MSME sector is the backbone of the national economy. Through collaboration with regional governments and related agencies, BKPM promotes easier access to financing, technology and markets for small and medium business operators.
Collaboration with Foreign Investors
BKPM also plays an important role in facilitating relations between foreign investors and local partners. This collaboration is needed for technology transfer, enhancement of local human resource capacity, and job creation. Through various international forums and exhibitions, BKPM actively conducts economic diplomacy and promotes Indonesia's investment potential on the world stage.
Commitment to Certainty and Transparency
In its efforts to improve business perceptions, BKPM remains committed to maintaining legal certainty, regulatory transparency and fair business conditions. By strengthening the digitalisation of services and investment oversight, BKPM aims to ensure that every investor receives a positive experience from the outset through to the project realisation stage.