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FORMATION POLICY OF REGIONAL REGULATION ON INVESTMENT CLIMATE
I Nyoman Gde Sugiartha, Simon Nahak, and I Dewa Gde Agung Peradnyana

Universitas Warmadewa


Abstract

Community prosperity is the aim of the State. To strive with the utmost effort to advance the economy of the community is one of the ways to bring investors to open their businesses in Indonesia. The presence of foreign and national investors, besides being proven to make the community more prosperous, turned out to create new legal problems in the field. This study addressed two problems 1) how to regulate norms in the formation of Regional regulation of Bali number 1 of 2016? and 2) how the procedure of formation of regional regulation of Bali number 1 of 2016 on investment climate? This type of study is the normative legal study because there are indications of the occurrence of norm conflict especially there is no indication of inconsistencies between article 1 number 7 Regional Regulation of Bali number 1 of 2016 about Granting incentives and/or facilities to the community and/or Investor with article 1 number 4 of law number 25 of 2007 about investment. The approach of this study problem is about getting legal material through literature review. The relevant ones are reviewed in depth, then supporting literature is also analyzed so that the required legal material becomes valid. The problem that is estimated to be an obstacle to the investor to come is regulation uncertainty that often overlaps between regulations from the central government and regulations made in the regions in the form of regulations and implementing regulations.

Keywords: policy, formation of regional regulations, investment climate

Topic: Law in tourism

Link: https://ifory.id/abstract/LYmgAb3fMu8y

Conference: 1st International Conference on Tourism, Management and Technology (ICTMT 2019)

Plain Format | Corresponding Author (I Dewa Gede Atmadja)

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