NLP Legal Insight May 2021 – Legal Overview of Indonesian Omnibus Law: General Aspect of Risk-Based Business Licensing

In respect to the promulgation of Law No. 11 of 2020 on the Job Creation (“Law 11/2020”), commonly known as Omnibus Law, the government has issued Government Regulation No. 5 of 2021 on the Implementation of Risk-Based Business Licensing (“GR 5/2021”).

GR 5/2021 stipulates a new approach in business licensing, based on business risk assessment. The main objective of this regulation is to reorganize and simplify the licensing requirement and procedures, even removing the licensing prerequisite for certain businesses.

To find our complete legal overview with regard to this matter, please click here.