16 Jun 2023
Gov’t Moves to Boost Interest in Indonesia’s New Capital through Improved Investment Facilities and Licensing Procedures
A. Introduction To follow up on the enactment of Law No. 3 of 2022 on the National Capital City,[1] the government has issued Government Regulation No. 12 of 2023 on Business Licenses, Ease of Doing Business, and Investment Facilities at the National Capital City (Ibu Kota Nusantara /“IKN”) (“GR 12/2023”). [2] The new regulation, effective 6 March 2023, details the crucial…