Wanted Investors To Quickly Moves, BP Batam Asks Entrepreneurs Prepare 20% Funds

TRIBUNBATAM.id - Batam Business Entity (BP), requested to investors who get land allocation immediately build their land.

To ensure investors build their own land, BP is asking for a guarantee fund of 20 percent from investment value.

This was revealed during the socialization of Head Regulation (Perka) for Land at BP Batam Marketing Center Building, Wednesday (2/26/2020).

The Director of Land Management, Ilham Eka Hartawan, emphasized some policies regulated in this Perka land.

Among them, it took steps to minimize land players or brokers.

The intention is to dispel bulging companies, with obligations that must be met, in order to obtain land.

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One of them, the recipient's obligation must provide an investment guarantee fund, amounting to 20 percent of investment value.

The rule is important to ensure that the land allocated, managed as stipulated.

"So we want the land not to stall. As soon as possible the land allocation permit is proposed," he said.

The guarantee provisions will be included when investor prepares a master plan.

Then, BP Batam will ask for reports per month related to developments.

"A business plan is planned, with a guarantee. After the licensing is complete, a quarterly report will be requested," he said.

In addition to these provisions, it is requested that 70 percent of investment guarantees can be disbursed during construction.

Where, the provisions apply, if the licensing is complete.

Then, the remaining invested funds are around 30 percent, disbursed later.