Govt Grants MSMEs with Supportive Regulations, Public Space Allocation
Summary
The government supports micro, small, and medium enterprises (UMKM) through the issuance of Law No. 11/2020 on Job Creation and its secondary legislation, such as:
- Government Regulation (PP) No. 8/2021 on the Core Capital and the Establishment, Conversion, and Disbandment Registration of a Company Meeting the Micro and Small Business Criteria.
- PP No. 7/2021 on the Facility, Protection, and Empowerment for Micro, Small, and Medium Enterprises (MSMEs).
- Presidential Regulation (Perpres) No. 10/2020 on Investment.