Investment Acceleration, Industry, Trading and Tourism Forum in South Sulawesi

Vision

The vision of the PINISI SULTAN Forum is to create an investment-friendly South Sulawesi, a center of industry and trade as well as a world-class tourism destination in Eastern Indonesia.

Mission

Efforts to realize the vision of the PINISI SULTAN Forum are carried out through the following missions:

  1. Implement the PINISI SULTAN forum as a forum to strengthen commitments in accelerating investment, trade and tourism.
  2. Strengthening synergies between local governments in planning research-based strategies and policies.
  3. The creation of regulations, governance of licensing and investment services that are integrated and systematic.
  4. Accelerating potential commodity trade through increasing added value and competitiveness, expanding market access connectivity with the support of financial and digital access.
  5. Increasing world-class tourist destinations through the 3A-2P tourism ecosystem (Attractions, Amenities, Access, Actors and Promotions) and the application of CHSE (Cleanliness, health, Safety and environmental Sustainability).
  6. Manage the innovative and creative regional economy based on digital technology.

Objectives

The PINISI SULTAN Forum has the task of providing advice and recommendations to the Governor in determining policies and implementing activities related to the acceleration of regional investment, trade and tourism but not limited to the implementation of the Regional Medium-Term Development Plan and program facilitation of Regional Government by taking into account local wisdom.

Member

Builders:

  • Governor of South Sulawesi
  • Deputy Governor of South Sulawesi
  • Head of Bank Indonesia Representative Office for South Sulawesi Province
  • Regents/Mayors throughout South Sulawesi

Chairman: Regional Secretary of South Sulawesi Province

Vice Chairman: Head of Group Advisory and Economic Development of Bank Indonesia, South Sulawesi Province

Coordinators :

  • Head of the Regional Planning, Development, Research and Development Agency of South Sulawesi Province (Investment Sector)
  • Head of the South Sulawesi Province Trade Office (Trade)
  • Head of Culture and Tourism Office of South Sulawesi Province (Tourism Sector)
Invest in South Sulawesi

FAQ

The Provincial Government and Regency/City Governments in South Sulawesi are committed to continuously improving the investment-friendly climate. This commitment is demonstrated through the establishment of the forum for the Acceleration of Investment, Trade and Tourism (PINISI SULTAN) as a medium for coordination and synergy between stakeholders in South Sulawesi. The government also encourages the acceleration of the completion of various infrastructures supporting economic activities, including connectivity, communication and energy infrastructure.

The development of supporting infrastructure such as supporting infrastructure for export / import activities that have been built namely "Makassar New Port" is expected to support industrial activities in the long and medium term. Moreover, other infrastructures such as toll roads, the expansion of the Sultan Hasanuddin International Airport and the Makassar – Parepare Railway are ready to support passenger and logistics activities in South Sulawesi.

The government has made efforts to support ease of licensing, one of which is the construction of an integrity zone towards a Corruption-Free Area (WBK) for a Clean Serving Bureaucratic Area (WBBM) which has been implemented by the South Sulawesi Provincial Government since 2019, with the existence of this integrity zone, of course, the licensing process investment can be carried out properly without any obstacles from irresponsible parties.

Currently there are 5 (five) Investment Projects Ready to Offer in South Sulawesi, which consist of Special Economic Zone Development, Industrial Estate Development, Waste to Energy, and Port Development. You can get the details of the project at https://investinsouthsulawesi.com/presentation-book

As with the procedure for conducting Foreign Direct Investment (FDI) set by the Ministry of Investment, you need to first decide what business field you will invest in based on the Indonesian Standard Classification of Business Fields. Then, you must check whether the business sector is open with conditions or closed for FDI investment based on Presidential Regulation Number 44 of 2016 concerning "DNI" (Negative List of Investments). If the business field you are interested in is not regulated, and there are no other restrictions from the relevant technical ministry, then it means that the business field is open to FDI with a maximum foreign ownership of 100%. The legal entity of an FDI Company must be a Limited Liability Company or Ltd. Limited Liability Company or PT.Company 'PT' must be owned by at least 2 shareholders. It can be an individual shareholder or a company or a combination of both.

Basically, to start a business in Indonesia, a company must obtain the following licenses: Business Identification Number, Business License, and Commercial/Operational Permit. These permits can be processed through the Online Single Submission (OSS) system (www.oss.go.id). All new and existing individuals or business entities (including MSMEs), and representative offices can obtain their business licenses through the OSS system.

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