Government will launch a new version of investment services “Online Single Submission” (OSS) this week, a delay from the initial schedule of April 2018. OSS is basically an upgrade of one roof investment service run back in 2015 by the investment coordinating board.
One of the key output of the regulation is to raise Indonesia’s ease of doing business (EODB) ranking to 40 in 2019 from the current ranking of 72 out of 190 countries. Indonesia’s ranking is still below Singapore which ranks 2nd, Malaysia at 24th, Thailand at 26th, Brunei Darussalam at 56th, and Vietnam at 68th.
According to Coordinating Minister for Economic Affairs Darmin Nasution, OSS will process early part of a given investment, such as approval, tax ID, company name and export & import ID.
So far, Nasution explained, 17 provinces has completed the task forces desks in the provincial and regency or municipal levels including DKI Jakarta, Central Java, Yogyakarta, Riau, North Sumatra, and South Sulawesi.
