Indonesian Political, Business & Finance News

Micro Enterprises Dominate Online Single Submission Business Licence Registrations

| Source: GALERT
JAKARTA - The Investment Coordinating Board (BKPM) has reported that the implementation of the Online Single Submission (OSS) system for issuing Business Identification Numbers (NIB) has been dominated by micro enterprises, with 12.982 million NIBs recorded for this category.

BKPM Deputy for Investment Climate Development Riyatno said the OSS system was developed as part of the government's structural reform to create a healthier, more transparent and efficient business climate. By holding an NIB, business operators gain legal certainty as well as easier access to financing, markets, training and mentoring.

"The NIB issuance period is calculated from 4 August 2021 to 30 July 2025. The total reached nearly 13 million NIBs," said Riyatno when met at the Ministry of MSMEs office in Jakarta on Friday (18/7).

Riyatno detailed that of the total, 96.83 per cent or 12.571 million NIBs belonged to micro enterprises. "This demonstrates the extraordinary enthusiasm of micro business operators in utilising the OSS system for their business legality," he said.

In addition, small enterprises accounted for 295,108 NIBs (2.27 per cent) and medium enterprises for 35,251 NIBs (0.27 per cent).
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