Applications
for new investment under PMDN arrangements
can be filed by :
|
| a. |
Limited liability companies
(Perseroan Terbatas, PT) |
| b. |
Partnership companies (Commanditaire
Vennootschap, CV) |
| c. |
Firms (Firma, Fa) |
| d. |
Cooperatives business units
(Badan Usaha Koperasi) |
| e. |
State owned enterprises (Badan
Usaha Milik Negara, BUMN) |
| f. |
Regional-administration owned
companies (Badan Usaha Milik Daerah; BUMD) |
| g. |
Individuals |
Applications
for new investment under PMDN arrangements
shall be filed to :
|
| a. |
Head of BKPM |
| b. |
Chairmen of local BKPMD |
| In the event that
the new capital investment project resides
in 2 (two) or more provinces, the applications
shall be filed to the Head of BKPM. |
| |
|
Approval
of Application
|
Approval of the
applications for new investment under PMDN
arrangements shall be issued in the form of
letter of approval of domestic investments
(Surat Persetujuan Penanaman Modal Dalam Negeri,
SP-PMDN).
SP-PMDN shall be issued by: |
| a. |
Head of BKPM when the applications were
filed to Head of BKPM |
| b. |
Governors/Heads of Provincial Regions (in
this case Chairmen of local BKPMD) when the
applications were filed to the Chairmen of
local BKPMD.
Notice that the Chairmen of local BKPMD are
staffs of Governors/Heads of Provincial Regions.
Approvals issued by Governors/Heads of Provincial
Regions are, in principle, approvals issued
by Chairmen of local BKPMD for the Governors/Heads
of Provincial Regions. For simplicity, approvals
issued by Chairmen of local BKPMD, hereafter,
refer to approvals issued by Chairmen of local
BKPMD for the Governors/Heads of Provincial
Regions. |
SP-PMDN shall be
issued not later than 10 (ten) working days
starting from the receipt of correct and complete
applications.
|
Other
Provisions
PMDN companies with SP-PMDN shall file applications
for investment implementation licenses required
for the realization of their investments.
SP-PMDN shall be automatically cancelled
if no realization of projects take place
in the form of concrete activities for 3
(three) years starting from the date of
its issuance. Concrete activities consist
of administrative and physical ones.
Concrete administrative activities shall
be those for the following licensing :
|
| a. |
The location; and |
| b. |
bank accounts in the names
of PMA companies (especially for new PMA companies);
and |
| c. |
Customs approval letter for
capital goods; and/or |
| d. |
Limited importer’s identification
number; and/or |
| e. |
Decision on the plan for employment
of foreign personnel; and/or |
| f. |
Building construction permit;
and/or |
| |
Nuisance Act permit; and/or
|
| g. |
Deed of the establishment of
companies already validated by the Minister
of Justice for capital participation based
companies).
|
| |
|
| Concrete physical
activities shall be those already conducted
: |
| a. |
for industries: there are main activities
in the form of land clearance covering at
least 25 percent of the areas contained in
SP-PMDN; or |
| b. |
for services and capital participation (holding):
there are main activities in the form of land
clearance covering at least 25 percent of
the areas contained in SP-PMDN, or office/building
space. |
