PT Indosultan in the 3 Hour Investment License

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PT Indo Sultan Jaya (“Indosultan”) for successfully go through in the Indonesia Investment Coordinating Board (BKPM). PT Indo Sultan Jaya is a 100% foreign investment company, which produces soaps. All shareholders of PT Indosultan are from Pakistan.

In October 17th, 2016, BKPM has approved the investment application submitted by PT Indosultan. The application was stated as clear and complete in term of documents and information. The success story of PT Indosultan was also covered by NHK, a Japan’s National Public Broadcasting Institution. BKPM wanted PT Indosultan to become a role model regarding the 3 Hour Investment Licensing Service in order to attract more investors to come to invest their money in Indonesia.

The 3 Hour Investment Licensing Service is one of the concrete programs initiated by The Administration of Joko Widodo and Jusuf Kalla. Launched in January 2016, The program was aimed to boost the investment climate, especially by cutting the bureaucratic red tape.