Here are 3 Important Reasons Why Entrepreneurs Must Have an NIB
Corporate Secretary Service Indonesia – In order to increase business investment in the country, the government is actively working on a number of policies to cut the old licensing process which is considered too complicated. One of the regulations recently implemented by the government is the Online Single Submission (OSS) system.
Through this system, which is supported by the legal umbrella of PP No. 24/2018, business owners can manage all licenses online. By registering in OSS, business owners can also obtain a NIB (Business Identification Number), which functions similar to the NIK for citizens. NIB can be the first step to accelerate the business licensing process.
Therefore, it is mandatory for business owners to immediately register their company through the OSS system to obtain an NIB. So, what factors make it mandatory for business owners to have an NIB?
Cutting the Permit Processing Process
NIB (Business Identification Number) is the identity of a business actor issued through the OSS institution after the business actor has registered. In addition to functioning as a business identity, NIB also simultaneously applies as a Company Registration Certificate (TDP), Import Identification Number (API), Customs Access, especially if the business owner conducts export and import activities.
This means that with NIB, business owners no longer need to take care of the three business license requirements. Through NIB registration, business owners can also obtain other registration documents needed for business licensing such as NPWP, Foreign Worker Usage Plan Approval Letter (RPTKA), proof of BPJS Employment registration, and business licenses for the trade sector (SIUP).
Faster License Application with Automatic Approval from OSS System
Prior to the OSS system and NIB, business owners may take a long time to apply for a license. Differences in policies and regulations applied by each region were factors that made business licensing considered complicated and took weeks or even months.
Read Also: Steps to Get an Importer License
However, with the OSS and NIB systems, business owners can find it easier to apply for licenses because the requirements for applying for licenses are uniformed and do not require document review. As long as the business owner has fulfilled the required requirements, the business license can be obtained in a relatively quick time.
Simplifying Business License Requirements
NIB (Business Identification Number) can facilitate business owners to store licensing data in one identity. You no longer need to carry a lot of required files to take care of licensing. Business owners only need to use NIB and supporting files to apply for licenses without having to carry a pile of file folders that are too large and cumbersome. With NIB, you can immediately gain access to other licenses such as operational licenses and commercial licenses.
How to Obtain NIB?
To obtain an NIB, business owners are required to log-in to the OSS system, fill in the required data such as shareholder data, company profile, investment value, and plans to use foreign labor if required. Most importantly, make sure to fill in the business field information in accordance with the 5-digit Indonesian Standard Industrial Classification (KBLI) in addition to the 2-digit KBLI information contained in the AHU.
In principle, after obtaining an NIB and business license through the OSS system, the business owner must first be able to fulfill commitments to obtain operational and commercial licenses that are useful in running the business. If they are unable to fulfill their commitments, the OSS Institution can immediately revoke the business license.
The OSS system can help make the business licensing process easier and faster. In order to feel the benefits, business owners must understand the rules and systems that apply so that the process of filling in company data runs smoothly and licensing documents can be obtained easily.
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