Investment Minister Bahlil Lahadalia (left) stands alongside President Joko Widodo (second left) and Finance Minister Sri Mulyani Indrawati on Aug 9, 2021 at the Investment Ministry in Jakarta. - JP
JAKARTA (The Jakarta Post/ANN): The Investment Ministry finally launched on Monday (Aug 9) the updated online single submission (OSS) system for processing business licences, after three successive delays since an initial launch date in June and following deactivation of the previous OSS version on July 30.
The latest version implements the risk-based approach as mandated by the Job Creation Law and lessens administrative requirements for businesses deemed “low risk”.
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