AmCham Indonesia, in partnership with SSEK Legal Consultants, hosted the virtual event “Indonesia’s Omnibus Law: Simplifying of Business Licensing and Investment Requirements,” on Dec 1. The event was moderated by AmCham’s Director of Government Relations Gusti Kahari, who was joined by SSEK Partner Dewi Savitri Reni (Vitri) and SSEK Associate Bima Danubrata Adhijoso.
Vitri and Bima treated the audience to an in-depth analysis of the changes in business licensing and investment requirements articulated in the Omnibus law. Breaking their analysis into four specific areas, they explained what aspects of the Omnibus Law were new and how the new regulations compared to the systems they will eventually replace.
Discussions revolved heavily around changes to the risk-based business licensing system, as well as changes to the capital and founding member requirements for companies. They then outlined the status and direction of the implementing regulations currently in development, and what their impact will be on post-Omnibus investment and business outcomes. They focused on potential institutional implementation methods, the potential for additional regulations, and the efficacy and uses of a fully electronic and centralized business licensing system.
Attendees asked both Vitri and Bima to clarify and explain the impact of the outlined changes on industries in sector-specific detail.