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05 February 2018
The Indonesian Investment Coordinating Board (BKPM) recently issued new guidelines for investment licences and facilities applications. The new guidelines, set out in the BKPM Regulation concerning Guidelines and Procedures for Investment Licensing and Facilities (13/2017), took effect on January 2 2018 for the BKPM Central One Stop Integrated Services (PTSP) Office, but will not apply to the regional PTSP offices or PTSP offices in the free trade zone or special economic zone until July 2 2018.(1)
As regards the oil and gas industry, Article 43 of the regulation states that a permanent business entity may apply for a permit to establish a foreign representative office in the oil and gas sub-sector through the Electronic Investment Information and Licensing Services. To apply, the entity must obtain a foreign representative office oil and gas licence from the BKPM PTSP based on a recommendation from the Directorate General of Oil and Gas. Foreign representative office permits are valid for three years and are extendable.(2)
For further information on this topic please contact Agus Ahadi Deradjat or Elsie F Hakim at Ali Budiardjo, Nugroho, Reksodiputro by telephone (+62 21 250 5125) or email (firstname.lastname@example.org email@example.com). The Ali Budiardjo, Nugroho, Reksodiputro website can be accessed at www.abnrlaw.com.
(2) This update discusses the changes introduced by the regulation which affect the oil and gas sub-sector. For information on the other changes, please see "New BKPM regulation on investment licences and facilities".
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