The Batam Indonesia Free Zone Authority (BIFZA) has started a three-hour investment service on Thursday for businesspeople who want to invest at least Rp 50 billion (US$3.7 million) or employ at least 300 workers in Batam.
The authority aims for the service to attract at least $400 million within 1 year.
BIFZA head Hatanto Reksodipoetro told The Jakarta Post that the service, called i23J, promised investors a maximum processing time of three hours for eight permits. A simulation on Wednesday even completed an application in 2.5 hours.
The eight permits are: investment permit or principle approval, import identification number (API), company certificate, taxpayer number, company registration receipt (TDP), customs identity number (NIK), foreign workers plan permit (RPTKA), and foreign workers permit.
Gusmardi Bustami, the deputy of public services at BIFZA, said the three-hour service was a pilot project conducted by the central government’s Investment Coordinating Board (BKPM).
“At the provincial level, this is the first in Indonesia,” Gusmardi said.
Batamindo Industrial Zone general affairs manager Tjaw Hioeng said the service cut the process from the usual six months to three hours. “This is a breakthrough,” he said.
Indonesian Ambassador to Singapore I Gusti Ngurah Swajaya said Singaporeans still topped the list of investors in Batam.
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