NIB stands for “Nomor Induk Berusaha,” which translates to the Business Identification Number. It is a mandatory registration number issued by the Online Single Submission (OSS) system managed by the Indonesia Investment Coordinating Board (BKPM). The NIB is essential for businesses operating in Indonesia, both domestic and foreign, as it streamlines the process of obtaining licenses and permits necessary to establish and operate a business. The OSS system aims to simplify the bureaucratic procedures, promote transparency, and attract investment by providing a centralized platform for business registration and licensing. The NIB serves as a key identifier for businesses, facilitating their compliance with regulatory requirements and enabling them to participate in various economic activities across Indonesia.