Indonesia's Trade Minister pushes SMEs to get NIB for financing and digital market access

Indonesian Trade Minister Budi Santoso is strongly encouraging all businesses, from micro to large enterprises, to promptly secure a Business Identification Number (NIB). This initiative aims to unlock broader access to financing, business development programs, and partnerships within the increasingly competitive digital marketplace.

Santoso emphasized that the NIB registration process is entirely free and can be completed online through the Online Single Submission (OSS) system. Businesses need only prepare their identity data and operational information. "By having a NIB, business actors contribute to upholding regulations while opening up wider access to financing and partnership programs in the increasingly competitive digital market," Budi stated in Jakarta on Wednesday.

The policy aligns with the new Trade Ministerial Regulation (Permendag) No. 19 of 2026, which mandates that all businesses operating on electronic commerce platforms must possess at least a NIB. Platform organizers are also required to reject registrations from traders who lack the necessary business permits.

To facilitate compliance, the government has established grace periods: 18 months for businesses already operating on digital platforms and six months for new entrants. This measure aims to ensure businesses can adapt and meet the legal requirements for operating in Indonesia's digital economy.

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With a NIB, business actors contribute to upholding regulations while opening up wider access to financing and partnership programs in the increasingly competitive digital market.