23 Feb 2017
INDONESIA: End of Five-Year Renewals as Business Licences Are Made Permanent
The validity of both Permanent Business Trading Licences (Surat Izin Usaha Perdagangan - SIUP) and Company Registration Certificates (Tanda Daftar Perusahaan - TDP) is to be extended indefinitely under new proposals from Indonesia’s trade ministry.
At present, overseas investors are obliged to renew these two licences every five years, a process that takes around two weeks to complete.
Although no formal date has been announced for the introduction of this new measure, it is expected to be enacted within the next two weeks.