“The risk-based approach licensing regime divided the licensing into three risk levels: low, medium, and high risk. Medium risk contains two categories: medium-low and medium-high risk. For the low-risk category, the NIB also has the function of a business license. Meanwhile, for medium, both medium-low and medium-high risk, the company
NIB is proof of registration for Business Actors to carry out business activities and as an identity for Business Actors. Moreover, after the activation, NIB can also apply as API for import activities of traded goods or goods for their own use. A. Overview on NIB Business Identification Number (“NIB”)
Business Owners who want to obtain an export-import license are required to have a Business Identification Number (“NIB“) and comply with the required documents, unless for certain goods and for those who are not eligible to have NIB based on the prevailing laws and regulations. For the Importer, NIB also
“The business scope of the electric motor industry includes the business of manufacturing electric motors and their components or parts, such as AC motors, DC motors, stators, rotors, brushes and commutators, except for internal combustion engines to power the motors. The electric motorbike industry is a business with a medium
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