The Indonesian Investment Coordinating Board has amended the Decision on license granting specifically for Domestic and Foreign Capital Investment Companies which have started producing but have not yet received any license. The regulation creates opportunities to these companies to obtain such license. These companies may apply for license to the Head of Investment Coordinating Board without submitting Minutes of Project Investigation.      

The submission must be completed by filling the license application form  accompanied by the Report on Capital Investment Activity for the last period. The application settlement will be processed within 10 days after the submission date. This opportunity is only valid until the end of year 2005. Therefore, domestic and foreign investment company must make use of this regulation. (YKD)