Badan Koordinasi Penanaman Modal (BKPM)

BKPM stands for “Badan Koordinasi Penanaman Modal” (Approval from Investment Board) in Jakarta. Approval from the Investment Coordinating Board of the Capital City (BKPM Jakarta) in Indonesia is a crucial step in the process of establishing and operating a foreign investment company (Penanaman Modal Asing or PMA), it’s related to investment licensing. It signifies that the proposed foreign investment project or company complies with the investment regulations and policies. The approval covers various aspects of the investment project, including the type of business, the amount of investment, the location, and other relevant details. The approval may also outline any special conditions or requirements. After receiving BKPM approval, the next step typically involves obtaining the necessary business licenses and permits from local government authorities. This may include a business license (SIUP), a company registration certificate (TDP), and other permits.