Proceedings of the First International Conference on Technology Management and Tourism, ICTMT, 19 August, Kuala Lumpur, Malaysia

Research Article

Formation Policy Of Regional Regulation On Investment Climate

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  • @INPROCEEDINGS{10.4108/eai.19-8-2019.2293755,
        author={I Nyoman Gde Sugiartha and Simon  Nahak and I Dewa Gde Agung Peradnyana},
        title={Formation Policy Of Regional Regulation On Investment Climate},
        proceedings={Proceedings of the First International Conference on Technology Management and Tourism, ICTMT, 19 August, Kuala Lumpur, Malaysia},
        publisher={EAI},
        proceedings_a={ICTMT},
        year={2020},
        month={5},
        keywords={formation of regional regulations investment climate policy},
        doi={10.4108/eai.19-8-2019.2293755}
    }
    
  • I Nyoman Gde Sugiartha
    Simon Nahak
    I Dewa Gde Agung Peradnyana
    Year: 2020
    Formation Policy Of Regional Regulation On Investment Climate
    ICTMT
    EAI
    DOI: 10.4108/eai.19-8-2019.2293755
I Nyoman Gde Sugiartha1,*, Simon Nahak1, I Dewa Gde Agung Peradnyana1
  • 1: Universitas Warmadewa Denpasar-Bali
*Contact email: info@warmadewa.ac.id

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 aims to describe the Norm regulatory in the formation of regional regulation of Bali Province number 1 of 2016 and the Procedure of formation the regional regulation of Bali Province number 1 of 2016 on the investment climate. This type of study is the normative legal study because there are indications of the occurrence of norm conflict especially the 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 is legal material through literature review. Based on the result, it can be concluded that there is an inconsistency found in the normalization regulation concerning the Provision of Incentives and/or Facilities to the Community and/or Investors. The procedure of forming regional regulations based on article 1 Number 1 of Law number 12 of 2011, basically divided into several stages namely planning, drafting, discussion, ratification or determination, and promulgation.