On July 15, 2025, EKONID successfully hosted an Online Roundtable titled “Understanding the New Investment Law on Risk-Based Business Licensing for an Efficient Business Ecosystem.” The event aimed to provide businesses with a comprehensive understanding of Indonesia's latest risk-based business licensing regulation, as introduced through Government Regulation No. 28 of 2025 (GR 28/2025).
The session featured two prominent speakers: Mr. Rossi Abi Al Irsyad, S.S., M.Sc., Investment Associate at the Deregulation Directorate of the Indonesian Ministry of Investment and Downstream Industry (BKPM), and Mr. Ichsan Zulkarnaen, Deputy Assistant for Investment and Downstream Acceleration at the Coordinating Ministry for Economic Affairs.
In his 30-minute presentation, Mr. Rossi outlined key changes introduced by GR 28/2025 and their expected benefits. These include:
- The addition of new sectors—such as investment, creative economy, legal metrology, and cooperatives—alongside the inclusion of new KBLI codes.
- The unification of business license validity, now standardized to remain in effect as long as the business is operational. Four exceptions to this rule, however, are stipulated in the regulation.
- The implementation of Service Level Agreements (SLAs) across all licensing stages, establishing clear deadlines for registration, document assessment, verification, and permit issuance.
Mr. Ichsan followed with a presentation on the policy direction behind the revision of the previous regulation, GR No. 5 of 2021. He emphasized the importance of legal certainty and simplification in the business licensing process. Under GR 28/2025, compliance with SLAs is mandatory. Business actors are now allowed to propose repair timeframes, and the verification process includes system-based inspection of document completeness, accuracy, and technical or substantive requirements. The official processing period now begins once documents are confirmed to be complete and correct. In addition, the simplification of the licensing process involves refining procedures for both Business Permits (PB) and Supporting Business Permits for Business Activities (PB UMKU).
The roundtable was attended by 40 representatives from companies based in Germany and Indonesia. During the Q&A session, participants raised questions about the implementation of GR 28/2025, its implications for existing businesses, and other aspects related to conducting business in Indonesia.
EKONID extends its sincere appreciation to Mr. Rossi Abi Al Irsyad and Mr. Ichsan Zulkarnaen for their insightful contributions. The organization also thanks all participants for their active engagement, which enriched the discussion and helped make the event a valuable learning experience.
