Legal Certainty for Investors in the Frame of Special Autonomy of Papua Province

Abstract

Special autonomy is a special authority that is recognized and given to the Papua Province as governed in the Law 21 of 2001 Concerning Special Autonomy to Papua Province to regulate and manage the interests of the local community according to their own initiative based on the aspirations and basic rights of the people of Papua. Investment, in this context, is important in improving the economy in an area. Therefore, the rule of law is needed to ensure the existence of legal certainty for investors for the sake of improving the standard of living for local communities. The problems to be discussed is how legal certainty for investors in Papua Province and what factors influence investment in Papua. The method used in this study is juridical empirical.  The results of this study are the lack of legal certainty of investors in investing, especially in Papua since the enactment of the Law Number 22 of 1999 concerning Regional Government and replaced by the Law Number 32 of 2004.; and the factors influencing investment in Papua are overlapping between central and regional government policies in the investment and policy sectors. It is also lack of conducive labor market, unstable security, and lack of intensive investment in taxation.

Keywords: Legal Certainty, Investors, Special Autonomy of Papua