ESG in Action: OSS risk-based licensing system
Following the enactment of Job Creation Law, the implementation of the risk-based business licensing scheme was introduced by the issuance of Government Regulation No. 5 of 2021 on the Implementation of Risk-Based Business Licensing. Another attempt to bypass regional bureaucracies and simplify licensing requirements, the Online Single Submission system (“OSS”) version 1.1 (fulfillment of commitment-based system) has been migrated to Risk-Based OSS (“OSS RBA”).
This infographic sets out the key takeaways from the new regulations that set out new provisions and guidelines on the usage of the new OSS RBA system as a form of implementation of Risk-Based Business Licensing in Indonesia.