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Efforts to Increase Investment in Riau Province in terms of Legal Certainty and Ease of Licensing

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  • Parlindungan
  • Ratna Januarita
  • Rini Irianti Sundary

Abstract

As a result of factors that can affect investment, such as natural resources, human resources, political and economic stability, government policies, ease of licensing, and legal and investment certainty, have consequences for the development of private investment and the country's economy. This research uses normative juridical method and juridical approach to analyse primary and secondary data with qualitative descriptive method. The results of this research provide an understanding of the Riau Provincial Government's policy in increasing domestic investment by clarifying the potential of the region to attract investors. In addition, this research also identifies the Riau Provincial Government's legal policies related to legal certainty and investment to support domestic investment. Based on this research, it is concluded that the one-stop service system and one-application technology aim to provide investment and licensing approvals through the government agencies responsible in that field. The central government's efforts in attracting investment and encouraging investment in the regions involve changes to investment laws and regulations, with the implementation of a one-stop service system at the Investment Coordinating Board (BKPM), as well as the establishment of necessary stages by local governments. All these steps are taken to ensure legal and investment certainty in order to attract domestic investment in the regions.

Suggested Citation

  • Parlindungan & Ratna Januarita & Rini Irianti Sundary, 2023. "Efforts to Increase Investment in Riau Province in terms of Legal Certainty and Ease of Licensing," European Journal of Law and Political Science, European Open Science, vol. 2(4), pages 19-24, July.
    • Handle: RePEc:epw:politi:v:2:y:2023:i:4:id:8106
    DOI: 10.24018/ejpolitics.2023.2.4.106
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    1. J. Maurice Clark, 1917. "Business Acceleration and the Law of Demand: A Technical Factor in Economic Cycles," Journal of Political Economy, University of Chicago Press, vol. 25(3), pages 217-217.
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