Government’s Latest Attempt to Lure IKN Investors: Regulation 12/2023 on Business License Issuance, Ease of Doing Business, and Investment Facilities for Businesses in IKN

Indonesia has been planning to build a new capital city since 2019. The Government’s decision to relocate the capital from Jakarta to a new city is an effort to ease the overcrowding and traffic congestion in the capital, as well as reduce the risk of natural disasters, such as floods and earthquakes. Ibu Kota Nusantara …