Indonesia Negative List of Investment

This Negative List is intended to accelerate both foreign and domestic investments distributed across Indonesia and to develop the country’s competitiveness in the international market.

Indonesia Negative List of Investment (a Concise Guide)

Effectively since 18 May 2016, the Indonesian Government through Presidential Regulation (PR) No.44 Year 2016 (PR-44) has stipulated the new Negative List of Investment (NLI). This PR-44 revokes the previous PR on NLI (i.e. PR No.39 Year 2014/PR-39). The issuance of this new NLI is based on the 10th Economic Policy Package announced by the Coordinating Minister for Economic Affairs in February 2016 and is intended to accelerate both foreign and domestic investments distributed across Indonesia and to develop the country’s competitiveness in the international market. At the same time, this new NLI is also aimed at protecting national strategic businesses, as well as nurturing Indonesian small and medium enterprises (SMEs).

Conditions that annul requirements for business lines open for investment

PR-44 stipulates that business lines open with specific requirements will be completely open for investment if they meet the following conditions:

  • the investment is made indirectly or through a portfolio the transactions of which are conducted in the domestic capital market; or
  • the investment is conducted in Special Economic Zones, except for those businesses reserved for SMEs.

Changes in capital ownership

PR-44 also sets out the limit of capital ownership by a foreign investor in the event of a merger, acquisition or consolidation. Moreover, PR-44 also sets provisions for the actions that may be conducted by a foreign investor when its capital ownership exceeds the maximum limits due to capital increase for the purpose of business
expansion.

Grandfathering clause

The implementation of investments on business lines regulated in PR-44 is not applicable for investments which have been approved prior to the issue of PR-44, unless that provision is more beneficial for the investment.

List of business fields regulated in the Indonesia Negative List of Investment

Below are the details in the NLI that are relevant to foreign direct investment into Indonesia:

No.

Business Field

ISIC

Sector

1

Growing of Marijuana

01289

Agriculture

2

Fishing of species of fish listed in Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)

10719

Forestry

3

Salvage of valuable artifacts from shipwrecks

52229

Marine Affairs and Fisheries

4

Gathering (taking) of coral from nature for construction materials/lime/calcium and souvenirs/jewellery as well as living coral or dead coral (recently dead coral) from nature

03117

Marine Affairs and Fisheries

5

Manufacture of chloro alkali with mercury process

20111

Industry

6

Manufacture of active ingredients of pesticides: Dichloro Diphenyl Trichloroethane (DDT), Aldrin, Endrin, Dieldrin, Chlordane, Heptachlor, Mirex, dan/and Toxaphene.

20211

Industry

7

Manufacture of industrial chemicals and Manufacture of Ozone Depleting Substances

20119

Industry

8

Manufacture of chemicals listed in the Chemical Weapons Convention as provided in Law Number 9 of 2008 concerning Use of Chemicals and Prohibition on Use of Chemicals as Chemical Weapons

20119

Industry

9

Manufacture of alcoholic hard liquor

11010

Industry

10

Manufacture of alcoholic beverages: Wine

11020

Industry

11

Malt beverages

11031

Industry

12

Provision and operation of terminals for passenger land transport

52211

Transportation

13

Provision and operation of weigh stations

52219

Transportation

14

Telecommunications/aids to shipping navigation and vessel traffic information system (VTIS)

52221

Transportation

15

Provision of air navigation services

52230

Transportation

16

Performance of testing of types of motor vehicles

71203

Transportation

17

Management and operation of radio frequency spectrum and satellite orbit monitoring stations

61300

Communications and Informatics

18

Governmental museums

91021

Education and Culture

19

Historical and archaeological remains (temples, Sultan’s palaces, inscriptions, ruins, ancient buildings, etc.)

91023

Education and Culture

20

Gambling/casinos

92000

Tourism and Creative Economy

No.

Business Field

ISIC

Conditions

Sector

 

Growing of staple food crops with an area of more than 25 Ha:

1

Rice

01121 01122

Reserved for MSMBC

Agriculture

2

Corn

01111

Reserved for MSMBC

Agriculture

3

Soybeans

01113

Reserved for MSMBC

Agriculture

4

Groundnuts

01114

Reserved for MSMBC

Agriculture

5

Green beans

01115

Reserved for MSMBC

Agriculture

6

Other food crops (cassava and sweet potatos)

01135

Reserved for MSMBC

Agriculture

 

Plantation breeding with an area of less than 25 Ha:

7

Jatropha curcas

01299

Reserved for MSMBC

Agriculture

8

Other sweetener crops

01137

Reserved for MSMBC

Agriculture

9

Sugar cane

01140

Reserved for MSMBC

Agriculture

10

Tobacco

01150

Reserved for MSMBC

Agriculture

11

Textile raw materials and cotton

01160

Reserved for MSMBC

Agriculture

12

Other crops not elsewhere classified

01299

Reserved for MSMBC

Agriculture

13

Cashews

01220

Reserved for MSMBC

Agriculture

14

Coconut palms

01261

Reserved for MSMBC

Agriculture

15

Oil palms

01262

Reserved for MSMBC

Agriculture

16

Beverage crops (tea, coffee and cocoa)

01270

Reserved for MSMBC

Agriculture

17

Peppercorns

01281

Reserved for MSMBC

Agriculture

18

Cloves

01282

Reserved for MSMBC

Agriculture

19

Essential oil crops

01284

Reserved for MSMBC

Agriculture

20

Medicinal/pharmaceutical crops (other than horticulture)

01285 01286

Reserved for MSMBC

Agriculture

21

Other spice crops

01289

Reserved for MSMBC

Agriculture

22

Rubber and other trees for extraction of sap

01291

Reserved for MSMBC

Agriculture

 

Plantation farming with an area of less than 25 Ha:

23

Other sweetener crops

01137

Reserved for MSMBC

Agriculture

24

Sugar cane

01140

Reserved for MSMBC

Agriculture

25

Tobacco

01150

Reserved for MSMBC

Agriculture

26

Textile raw materials and and cotton

01160

Reserved for MSMBC

Agriculture

27

Cashews

01220

Reserved for MSMBC

Agriculture

28

Coconut palms

01261

Reserved for MSMBC

Agriculture

29

Oil palms

01262

Reserved for MSMBC

Agriculture

30

Beverage crops (tea, coffee and cocoa)

01270

Reserved for MSMBC

Agriculture

31

Peppercorns

01281

Reserved for MSMBC

Agriculture

32

Cloves

01282

Reserved for MSMBC

Agriculture

33

Essential oil crops

01284

Reserved for MSMBC

Agriculture

34

Medicinal/pharmaceutical crops (other than horticulture)

01285 01286

Reserved for MSMBC

Agriculture

35

Other spice crops

01289

Reserved for MSMBC

Agriculture

36

Rubber and other trees for extraction of sap

01291

Reserved for MSMBC

Agriculture

37

Other plantation farming

01299

Reserved for MSMBC

Agriculture

 

Manufacture with specific capacities:

38

Manufacture of dried clove buds

01630

Reserved for MSMBC

Agriculture

39

Manufacture of crude vegetable and animal oils (edible oils)

10490

Reserved for MSMBC

Agriculture

40

Manufacture of copra, fiber, coconut shell charcoal, dust, nata de coco

10421

Reserved for MSMBC

Agriculture

41

Manufacture of coconut oil

10422

Reserved for MSMBC

Agriculture

42

Manufacture of palm oil

10431

Reserved for MSMBC

Agriculture

43

Manufacture of cotton fiber

01630

Reserved for MSMBC

Agriculture

44

Manufacture of cotton seeds

10490

Reserved for MSMBC

Agriculture

45

Manufacture of peeling, cleaning, drying, and sorting of plantation products (cocoa beans and coffee beans)

10399

Reserved for MSMBC

Agriculture

46

Manufacture of cashews for dried cashew nut and cashew nut shell liquid (CNSL)

10614

Reserved for MSMBC

Agriculture

47

Manufacture of peppercorns for dried white peppercorns and dried black peppercorns

10614

Reserved for MSMBC

Agriculture

48

Manufacture of cane sugar, sugar cane top and sugar cane bagasse

10721

Reserved for MSMBC

Agriculture

49

Manufacture of black tea/green tea

10763

Reserved for MSMBC

Agriculture

50

Manufacture of dried tobacco leaves

12091

Reserved for MSMBC

Agriculture

51

Manufacture of rubber for sheets, concentrated latex

22122

Reserved for MSMBC

Agriculture

52

Manufacture of rude jatropha oil

20294

Reserved for MSMBC

Agriculture

53

Breeding and raising of swine (pigs) of less than or equivalent to 125 in number

01450

Reserved for MSMBC

Agriculture

54

Breeding and raising of native chickens, and crossbreeding

01463

Reserved for MSMBC

Agriculture

55

Operation of other plantation forests (inter alia, sugar palms, candlenuts, tamarind seeds, charcoal raw materials, cinnamon)

02119

Reserved for MSMBC

Forestry

56

Gathering (processing) of forest products: Oleo pine resin

02303

Reserved for MSMBC

Forestry

57

Gathering (processing) of forest products: Bamboo

02308

Reserved for MSMBC

Forestry

58

Production of swallow nests in nature

01469

Reserved for MSMBC

Forestry

59

Sawmiling and planing of wood (production capacity of up to 2000 M3/year)

16101

Reserved for MSMBC

Forestry

60

Processing of rattan (Primary industry)

16104

Reserved for MSMBC

Forestry

61

Forest production: rattan

02131

Partnership

Forestry

62

Forest production: oleo pine resin

02132

Partnership

Forestry

63

Forest production: bamboo

02134

Partnership

Forestry

64

Forest production: shorea javanica

02135

Partnership

Forestry

65

Forest production: agarwood

02136

Partnership

Forestry

66

Production of shellac, alternative food crops (sago), gums, and honeybee farming

02139

Partnership

Forestry

67

Production of silkworm cocoon (natural silk farming)

01492

Partnership

Forestry

68

Hatchery of sea fish

03212

Partnership

Marine Affairs and Fisheries

69

Hatchery of brackishwater fish

03252

Partnership

Marine Affairs and Fisheries

70

Hatchery of freshwater fish

03236

Partnership

Marine Affairs and Fisheries

71

Rearing of sea fish

03211

Partnership

Marine Affairs and Fisheries

72

Rearing of brackishwater fish

03251

Partnership

Marine Affairs and Fisheries

73

Rearing of freshwater fish

03221

Partnership

Marine Affairs and Fisheries

74

Processing of fishery products (Fish Processing Units): Salting/drying of fish and biota from other waters

10211

Partnership

Marine Affairs and Fisheries

75

Processing of fishery products (Fish Processing Units): Smoking of fish and biota from other waters

10212

Partnership

Marine Affairs and Fisheries

76

Processing of fishery products (Fish Processing Units): Fish yeasting/fermentation and other, cooked products (for extraction and fish jelly)

10215 10779

Partnership

Marine Affairs and Fisheries

77

Processing of fishery products (Fish Processing Units): Processing of minced fish and surimi

10216

Partnership

Marine Affairs and Fisheries

78

Marketing, distribution, wholesale, and export of fishery products

46206

Partnership

Marine Affairs and Fisheries

79

Processing of fish: boiling of fish

10214

Reserved for MSMBC

Industry

80

Manufacture of soybean fermented foods in cake form

10391

Reserved for MSMBC

Industry

81

Manufacture of soybean curds

10392

Reserved for MSMBC

Industry

82

Manufacture of perishable prepared cakes (deep-fried, boiled or steamed cakes)

10792

Reserved for MSMBC

Industry

83

Manufacture of foods from soybeans and beans (leguminous), other than soy sauce, tempe (soybean fermented cakes) and tahu (soybean curds)

10793

Reserved for MSMBC

Industry

84

Manufacture of krupuk (crackers), keripik (flakes), peyek (biscuits fried in spiced flour) and the like

10794

Reserved for MSMBC

Industry

85

Manufacture of palm sugar/Javanese sugar/red sugar

10722

Reserved for MSMBC

Industry

86

Milling (peeling and cleaning) of roots and tubers

01630

Reserved for MSMBC

Industry

87

Dyeing of yarns of natural fibers or man-made fibers for dyed/imprinted yarns, ikat, with handlooms

13122

Reserved for MSMBC

Industry

88

Printing of fabrics

13133

Reserved for MSMBC

Industry

89

Manufacture of hand-drawn batik

13134

Reserved for MSMBC

Industry

90

Manufacture of knitted/crocheted fabrics, especially lace

13911

Reserved for MSMBC

Industry

91

Embroidery

13912

Reserved for MSMBC

Industry

92

Plaiting materials of rattan and bamboo

16291

Reserved for MSMBC

Industry

93

Plaiting materials of plants other than rattan and bamboo

16292

Reserved for MSMBC

Industry

94

Manufacture of wood carving, except furniture

16293

Reserved for MSMBC

Industry

95

Manufacture of kitchenware of wood, rattan and bamboo

16294

Reserved for MSMBC

Industry

96

Products of wood, rattan, cork not elsewhere classified

16299

Reserved for MSMBC

Industry

97

Manufacture of traditional musical instruments

32201

Reserved for MSMBC

Industry

98

Manufacture of mukena, scarves, headscarves, and other traditional apparel

14111

Reserved for MSMBC

Industry

99

Smoking of rubber

22121

Reserved for MSMBC

Industry

100

Manufacture of clay household goods, specifically for earthenware

23932

Reserved for MSMBC

Industry

101

Manufacture of hand tools for agricultural hand tools for land preparation, production process, harvesting, post-harvest, and cultivation, except mattocks and spades

25931

Reserved for MSMBC

Industry

102

Carpentry and cutting hand tools, with manual or semi-mechanical process

25932 25933 25934

Reserved for MSMBC

Industry

103

Maintenance and repair of motorcycles other than those integrating with sale of motorcycles (agents / distributors)

45407

Reserved for MSMBC

Industry

104

Repair of personal and household goods

95220 95240 95290

Reserved for MSMBC

Industry

105

Manufacture of copra

10421

Partnership

Industry

106

Manufacture of pickled fruits and vegetables

10311

Partnership

Industry

107

Manufacture of soy sauce

10771

Partnership

Industry

108

Manufacture of powdered and sweetened condensed milk

10520

Partnership

Industry

109

Manufacture of stamped batik

13134

Partnership

Industry

110

Manufacture of processed rattan

16104

Partnership

Industry

111

Manufacture of preserved rattan, bamboo and the like

16103

Partnership

Industry

112

Manufacture wooden goods (builders’ carpentry and joinery) (manufacture of mouldings and construction material components)

16221

Partnership

Industry

113

Manufacture of essential oils

20294

Partnership

Industry

114

Manufacture of dried tobacco and processed tobacco

12091

Partnership

Industry

115

Manufacture of clay/ceramic bricks

23921

Partnership

Industry

116

Manufacture of other clay/ceramic products

23939

Partnership

Industry

117

Manufacture of lime

23942

Partnership

Industry

118

Manufacture of articles of cement

23951

Partnership

Industry

119

Manufacture of articles of lime

23952

Partnership

Industry

120

Manufacture of other articles of cement and lime

23959

Partnership

Industry

121

Manufacture of nails, bolts and nuts

25952

Partnership

Industry

122

Manufacture of components and parts of engines/ turbines (prime movers)

28113

Partnership

Industry

123

Manufacture of pumps and compressors

28130

Partnership

Industry

124

Manufacture of two-and three-wheeled motor vehicle components and fittings

30912

Partnership

Industry

125

Manufacture of bicycle and pedicab fittings

30922

Partnership

Industry

126

Manufacture of agricultural machine tools with medium technology such as paddy threshers, corn shellers, and hand tractors

28210

Partnership

Industry

127

Manufacture of wooden ships for marine tourism and fishing

30111 30120

Partnership

Industry

128

Manufacture of devices and fittings of wooden ships for marine tourism and fishing

30113

Partnership

Industry

129

Manufacture of jewelry articles of precious metal for personal use

32112

Partnership

Industry

130

Manufacture of jewelry articles of precious metal for non-personal use

32113

Partnership

Industry

131

Manufacture of jewelry articles of non-precious metal for non-personal use

32120

Partnership

Industry

132

Manufacture of precious stones

32111

Partnership

Industry

133

Manufacture of handicraft not elsewhere classified

32903

Partnership

Industry

134

Recovery of non-metal materials

38302

Partnership

Industry

135

Manufacture of cane sugar (white sugar, refined sugar and raw sugar) from sugar cane, through partnership, in a nucleaus-plasma system, with 20% of farmland area

10721

Partnership

Industry

136

Construction services (construction contractors) with simple and medium technology and/or small and medium risks and/or work value of up to Rp50,000,000,000

00000

Reserved for MSMBC

Public Works

137

Business services/construction consultancy services with simple/medium technology and/or small/medium risks and/or work value less than Rp10,000,000,000

00000

Reserved for MSMBC

Public Works

138

Retail sale via mail order houses and via internet

47911 47912 47913 47914

Partnership

Trade

139

Travel agents

79111

Reserved for MSMBC

Tourism and Creative Economy

140

Homestays

55130

Reserved for MSMBC

Tourism and Creative Economy

141

Art studios

90001

Reserved for MSMBC

Tourism and Creative Economy

142

Tour guides

79921

Reserved for MSMBC

Tourism and Creative Economy

143

Radio and television community broadcasters

60102 60202

Reserved for MSMBC

Communications and Informatics

144

Home and building cable wiring

43212

Reserved for MSMBC

Communications and Informatics

145

Internet cafés

61994

Reserved for MSMBC

Communications and Informatics

There are 16 business fields that are open under specific conditions: 

  1. Agriculture
  2. Forestry
  3. Marine Affairs and Fisheries
  4. Energy and Mineral Resources
  5. Industry
  6. Defense and Security
  7. Public Works
  8. Trade
  9. Tourism and Creative Economy
  10. Transportation
  11. Communications and Informatics
  12. Finance
  13. Banking
  14. Employment
  15. Education
  16. Health

Kindly find the details in the table below.

List of Business Fields That are Open under Specific Conditions:

There are 16 business fields that are open under specific conditions: 

A. Agriculture
B. Forestry
C. Marine Affairs and Fisheries
D. Energy and Mineral Resources
E. Industry
F. Defense and Security
G. Public Works
H. Trade
I. Tourism and Creative Economy
J. Transportation
K. Communications and Informatics
L. Finance
M. Banking
N. Employment
O. Education
P. Health

Kindly click in the table for details.

No.

Business Field

ISIC

Conditions

 

Growing of staple food crops (breeding/seeding) with an area of more than 25 Ha:

1

Rice

01121 01122

a. Foreign investment: Max. of 95%

b. The nucleus is subject to sourcing at least 20% of its production from the plasma/smallholders

2

Corn

01111

Same with above: max. 95%, 20% plasma

3

Soybeans

01113

Same with above: max. 95%, 20% plasma

4

Groundnuts

01114

Same with above: max. 95%, 20% plasma

5

Green beans

01115

Same with above: max. 95%, 20% plasma

6

Other food crops (cassava and sweet potatos)

01135

Same with above: max. 95%, 20% plasma

 

Growing of food crops with an area of less than 25 Ha:

7

Rice

01121 01122

Same with above: max. 95%, 20% plasma

8

Corn

01111

Same with above: max. 95%, 20% plasma

9

Soybeans

01113

Same with above: max. 95%, 20% plasma

10

Groundnuts

01114

Same with above: max. 95%, 20% plasma

11

Green beans

01115

Same with above: max. 95%, 20% plasma

12

Other food crops (cassava and sweet potatos)

01135

Same with above: max. 95%, 20% plasma

 

Plantation breeding with an area of 25 Ha or more:

13

Jatropha curcas

01299

Same with above: max. 95%, 20% plasma

14

Other sweetener crops

01137

Same with above: max. 95%, 20% plasma

15

Sugar cane

01140

Same with above: max. 95%, 20% plasma

16

Tobacco

01150

Same with above: max. 95%, 20% plasma

17

Textile raw materials and and cotton

01160

Same with above: max. 95%, 20% plasma

18

Cashews

01252

Same with above: max. 95%, 20% plasma

19

Coconut palms

01261

Same with above: max. 95%, 20% plasma

20

Oil palms

01262

Same with above: max. 95%, 20% plasma

21

Beverage crops (tea, coffee and cocoa)

01270

Same with above: max. 95%, 20% plasma

22

Peppercorns

01281

Same with above: max. 95%, 20% plasma

23

Cloves

01282

Same with above: max. 95%, 20% plasma

24

Essential oil crops

01284

Same with above: max. 95%, 20% plasma

25

Medicinal/pharmaceutical crops

01285

01286

Same with above: max. 95%, 20% plasma

26

Other spice crops

01289

Same with above: max. 95%, 20% plasma

27

Rubber and other trees for extraction of sap

01291

Same with above: max. 95%, 20% plasma

28

Other crops not elsewhere classified

01299

Same with above: max. 95%, 20% plasma

 

Plantation farming with an area of 25 Ha or more up to a specified area size without processing units under the laws and regulations:

29

Growing of jatropha curcas

01299

Same with above: max. 95%, 20% plasma

30

Growing of other sweetener crops

01137

Same with above: max. 95%, 20% plasma

31

Growing of sugar cane

01140

Same with above: max. 95%, 20% plasma

32

Growing of tobacco

01150

Same with above: max. 95%, 20% plasma

33

Growing of textile raw materials and cotton

01160

Same with above: max. 95%, 20% plasma

34

Growing of other crops not elsewhere classified

01299

Same with above: max. 95%, 20% plasma

35

Growing of cashews

01252

Same with above: max. 95%, 20% plasma

36

Growing of coconut palms

01261

Same with above: max. 95%, 20% plasma

37

Growing of oil palms

01262

Same with above: max. 95%, 20% plasma

38

Growing of beverage crops (tea, coffee and cocoa)

01270

Same with above: max. 95%, 20% plasma

39

Growing of peppercorns

01281

Same with above: max. 95%, 20% plasma

40

Growing of cloves

01282

Same with above: max. 95%, 20% plasma

41

Growing of essential oil crops

01284

Same with above: max. 95%, 20% plasma

42

Growing of medicinal/pharmaceutical crops

01285 01286

Same with above: max. 95%, 20% plasma

43

Growing of other spice crops

01289

Same with above: max. 95%, 20% plasma

44

Growing of rubber and other trees for extraction of sap

01291

Same with above: max. 95%, 20% plasma

 

Plantation farming in an area of 25 Ha or more, integrating with processing units with a capacity equivalent to or exceeding the specific capacities:

45

Growing of cashews and manufacture of dried cashew nuts and cashew nut shell liquid (CNSL)

01252 10399

Same with above: max. 95%, 20% plasma

46

Growing of peppercorns and manufacture of dried white peppercorns and dried black peppercorns

01281 10399

Same with above: max. 95%, 20% plasma

47

Growing of jatropha and manufacture of jatropha oil

01299 20294

Same with above: max. 95%, 20% plasma

48

Growing of sugar cane, manufacture of cane sugar, sugar cane top and sugar cane bagasse

01140 10721

Same with above: max. 95%, 20% plasma

49

Growing of tobacco and manufacture of dried tobacco leaves

01150 12091

Same with above: max. 95%, 20% plasma

50

Growing of cotton and manufacture of cotton fiber

01160

Same with above: max. 95%, 20% plasma

51

Growing of coconut palms and manufacture of coconut oil

01261 10423

Same with above: max. 95%, 20% plasma

52

Growing of coconut palms and manufacture of copra, fiber, coconut shell charcoal, dust, nata de coco

01261 10421 10773

Same with above: max. 95%, 20% plasma

53

Growing of oil palms and manufacture of palm oil (CPO)

01262 10432

Same with above: max. 95%, 20% plasma

54

Growing of coffee and manufacture of coffee bean peeling, cleaning and sorting

01270 10399

Same with above: max. 95%, 20% plasma

55

Growing of cocoa and manufacture of cocoa bean peeling, cleaning and drying

01270 10399

Same with above: max. 95%, 20% plasma

56

Growing of tea and manufacture of black tea/green tea

01270

10763

Same with above: max. 95%, 20% plasma

57

Growing of cloves and manufacture of dried clove buds

01282 10772

Same with above: max. 95%, 20% plasma

58

Growing of essential oil crops and manufacture of essential oil

01284 20294

Same with above: max. 95%, 20% plasma

59

Growing of rubber and manufacture of sheets, concentrated latex

01291 22121 22122

Same with above: max. 95%, 20% plasma

60

Growing of grains other than coffee beans and cocoa beans and manufacture of grain peeling and cleaning other than coffee beans and cocoa beans

10399

Same with above: max. 95%, 20% plasma

 

Manufacture with a capacity equivalent to or exceeding the specific capacities:

61

Manufacture of crude vegetable and animal oils (edible oils)

10411

Same with above: max. 95%, 20% plasma

62

Manufacture of copra, fiber, coconut shell charcoal, dust, nata de coco

10421

Same with above: max. 95%, 20% plasma

63

Manufacture of coconut oil

10423

Same with above: max. 95%, 20% plasma

64

Manufacture of palm oil

10432

Same with above: max. 95%, 20% plasma

65

Manufacture of peeling, cleaning, drying, and sorting of plantation products (cocoa beans and coffee beans)

10399

Same with above: max. 95%, 20% plasma

66

Manufacture of cane sugar, sugar cane top and sugar cane bagasse

10721

Same with above: max. 95%, 20% plasma

67

Manufacture of black tea/green tea

10763

Same with above: max. 95%, 20% plasma

68

Manufacture of dried tobacco leaves

12091

Same with above: max. 95%, 20% plasma

69

Manufacture of rude jatropha oil

20294

Same with above: max. 95%, 20% plasma

70

Manufacture of cotton fiber and cotton seeds

01630

10490

Same with above: max. 95%, 20% plasma

71

Manufacture of rubber for sheets, concentrated latex

22121 22122

Same with above: max. 95%, 20% plasma

72

Manufacture of cashews for dried cashew nut and cashew nut shell liquid (CNSL)

10614

Same with above: max. 95%, 20% plasma

73

Manufacture of peppercorns for dried white peppercorns and dried black peppercorns

10614

Same with above: max. 95%, 20% plasma

74

Manufacture of dried clove buds

01630

Same with above: max. 95%, 20% plasma

75

Growing of annual fruit crops

01139

Foreign investment: Max. of 30%

76

Growing of Grapes

01210

Foreign investment: Max. of 30%

77

Growing of tropical fruits

01220

Foreign investment: Max. of 30%

78

Growing of citrus fruits

01230

Foreign investment: Max. of 30%

79

Growing of apples, pome and stone fruits

01240

Foreign investment: Max. of 30%

80

Growing of berries

01251

Foreign investment: Max. of 30%

81

Growing of annual vegetables

01139

Foreign investment: Max. of 30%

82

Growing of perennial vegetables

01253

Foreign investment: Max. of 30%

83

Growing of drug crops

01285 01286

Foreign investment: Max. of 30%

84

Growing of mushrooms

01139

Foreign investment: Max. of 30%

85

Growing of floriculture crops

01194 01302

Foreign investment: Max. of 30%

86

Growing of annual fruits

01132

Foreign investment: Max. of 30%

87

Growing of grapes

01210

Foreign investment: Max. of 30%

88

Growing of tropical fruits

01220

Foreign investment: Max. of 30%

89

Growing of citrus fruits

01230

Foreign investment: Max. of 30%

90

Growing of apples, pome and stone fruits

01240

Foreign investment: Max. of 30%

91

Growing of berries

01251

Foreign investment: Max. of 30%

92

Growing of leafy vegetables (inter alia, cabbages, mustard, scallion, celery)

01131

Foreign investment: Max. of 30%

93

Growing of root vegetables (inter alia, shallot, garlic, potatoes, carrots)

01134

Foreign investment: Max. of 30%

94

Growing of fruit-bearing vegetables (inter alia, tomatoes, cucumbers)

01133

Foreign investment: Max. of 30%

95

Growing of chili peppers, paprika

01283

Foreign investment: Max. of 30%

96

Growing of mashrooms

01136

Foreign investment: Max. of 30%

97

Growing of ornamental plants

01193

Foreign investment: Max. of 30%

98

Growing of non-flower ornamental plants

01301

Foreign investment: Max. of 30%

99

Processing/ manufacture of horticultural crops: Post-harvest of fruits and vegetables

10311 10320 10313 10314 10330

Foreign investment: Max. of 30%

100

Horticultural research and quality test laboratories

72102

Foreign investment: Max. of 30%

101

Horticultural agrotourism activities

93231

Foreign investment: Max. of 30%

102

Horticultural post-harvest services

01630

Foreign investment: Max. of 30%

103

Retail sale of flower arrangement/florists/decorators

47761

Foreign investment: Max. of 30%

104

Horticultural development consultants

70209

Foreign investment: Max. of 30%

105

Horticultural landscaping

43305 71100 81300

Foreign investment: Max. of 30%

106

Horticulture courses services

85499

Foreign investment: Max. of 30%

107

Research and development on agricultural genetic resources sciences and engineering

72102

Foreign investment: Max. of 49%

108

Research and development on GMO (Genetically Modified Organisms) products sciences and engineering (genetic engineering)

72104

Foreign investment: Max. of 49%

109

Breeding and raising of swine (pigs) of more than 125 in number

01450

Specific locations specified by the Ministry of Agriculture

No.

Business Field

ISIC

Conditions

110

Operation of hunting preserves in hunting parks and hunting blocks

93193 93229

Foreign investment: Max. of 49%

111

Captive breeding of animals and plants and conservation institutions

0172

Foreign investment: Max. of 49%

112

Exploitation of natural tourism through provision of ecotourism facilities, activities and services within the forestry areas, including water tours, natural adventure tours, and Spelunking tours

93241 93242 93243 93249 93223 93222

a. Foreign investment: Max. of 51%

b. Foreign investment by ASEAN countries’ investors: Max. of 70%

113

Technological development of plant and wildlife genetic manipulation

72102

Subject to adopting cooperation declaration with accredited institutions/laboratories in Indonesia/national research and development institutions designated by the Ministry of the Environment and Forestry

114

Manufacture of sawn timber with a production capacity above 2000 M3/year

16101

Subject to a constant raw materials supply recommendation from the Ministry of the Environment and Forestry

115

Manufacture of venner

16214

Subject to a constant raw materials supply recommendation from the Ministry of the Environment and Forestry

116

Manufacture of plywood

16211

Subject to a constant raw materials supply recommendation from the Ministry of the Environment and Forestry

117

Manufacture of laminated veneer lumber (LVL)

16212

Subject to a constant raw materials supply recommendation from the Ministry of the Environment and Forestry

118

Manufacture of wood chips

16299

Subject to a constant raw materials supply recommendation from the Ministry of the Environment and Forestry

119

Manufacture of wood pellets

16295

Subject to a constant raw materials supply recommendation from the Ministry of the Environment and Forestry

120

Exploitation of timber forest products of natural forests

02120

Domestic capital: 100%

121

Growing of and trade in breeds and seedlings of forest trees/plants (export and import of breeds and seedlings of forest trees/plants)

46207

Domestic capital: 100%

122

Exploitation of water environmental services in forest areas

02209

Domestic capital: 100%

123

Catching of and trade in plants and wildlife from natural habitats

01711 01712 01713 01714 01715

a. Domestic capital: 100%

b. Subject to a recommendation from the Ministry of the Environment and Forestry

No.

Business Field

ISIC

Conditions

124

Capture fisheries with a fishing ship in Indonesian waters and high seas

03111

Domestic capital: 100%, and subject to a special license/permit from the Ministry of Marine Affairs and Fisheries on fishery resources allocation and fishing coordinates

125

Sea sand quarrying

08995

Domestic capital: 100%

126

Aquaculture of coral / ornamental coral reef

01727

Subject to a recommendation from the Ministry of the Environment and Forestry

 

No.

Business Field

ISIC

Conditions

127

Oil and gas construction services: Platform

09100

Foreign investment: Max. of 75%

128

Oil and gas construction services: Spherical tanks

09100

Foreign investment: Max. of 49%

129

Oil and gas construction services: Onshore oil and natural gas upstream production installation

09100

Domestic capital: 100%

130

Oil and gas construction services: Onshore pipeline installation

42219

Domestic capital: 100%

131

Oil and gas construction services: Offshore pipeline installation

42219

Foreign investment: Max. of 49%

132

Oil and gas construction services: Horisontal / vertikal tanks, onshore oil and natural gas strorage and marketing installation

42914

Domestic capital: 100%

133

Oil and gas, geologic and geophysical surveying services

71102

Foreign investment: Max. of 49%

134

Geothermal surveying services

71102

Foreign investment: Max. of 95%

135

Onshore oil and gas drilling services

09100

Domestic capital: 100%

136

Offshore oil and gas drilling services

09100

Foreign investment: Max. of 75%

137

Geothermal drilling services

06202

Foreign investment: Max. of 95%

138

Oil and gas support services: Well operation and maintenance services

09100

Domestic capital: 100%

139

Oil and gas support services: Oil and gas design and engineering services

71102

Domestic capital: 100%

140

Oil and gas support services: Technical inspection services

71204

Domestic capital: 100%

141

Geothermal operating and maintenance services

09900

Foreign investment: Max. of 90%

142

Power generation of < 1 MW

35101

Domestic capital: 100%

143

Small-scale power generation (of 1 – 10 MW)

35101

Foreign investment: Max. of 49%

144

Geothermal power generation with a capacity of ≤ 10 MW

35101

Foreign investment: Max. of 67%

145

Power generation of > 10 MW

35101

Foreign investment: Max. of 95% Max. of 100% in case of Government-Private Cooperation during a concession period)

146

Power transmission

35102

Foreign investment: Max. of 95% (Max. of 100% only in the scope of the Government-Private Cooperation during a concession period)

147

Power distribution

35103

Foreign investment: Max. of 95% (Max. of 100% only in the scope of the Government-Private Cooperation during a concession period)

148

Power installation consultancy

71102

Foreign investment: Max. of 95%

149

Power construction and installation: Electrical utility construction

42213

Foreign investment: Max. of 95%

150

Power construction and installation: High / extra-high voltage electrical installation

43211

Foreign investment: Max. of 49%

151

Power construction and installation: Low / medium voltage electrical installation

43211

Domestic capital: 100%

152

Operation and maintenance of electrical installation

43211

Foreign investment: Max. of 95%

153

Testing and analysis of electrical installation: Electrical utility construction and high / extra-high voltage electrical installation

71204

Foreign investment: Max. of 49%

154

Testing and analysis of electrical installation: Low / medium voltage electrical installation

71204

Domestic capital: 100%

No.

Business Field

ISIC

Conditions

155

Maintenance and repair of cars

45201

Foreign investment: Max. of 49%

156

Manufacture of clove cigarettes

12011

Subject to a recommendation from the Ministry of Industry:

a.     For business expansion, only for a cigarette industry holding an Industrial Business License (IUI) of the similar business field; or

b.     For new investment, only for a small- and medium scale cigarette industry in partnership with a large-scale cigarette industry holding an Industrial Business License of the similar business field

157

Manufacture of Non-clove cigarettes

12012

Subject to a recommendation from the Ministry of Industry:

a.       For business expansion, only for a cigarette industry holding an Industrial Business License (IUI) of the similar business field; or

b.       For new investment, only for a small- and medium scale cigarette industry in partnership with a large-scale cigarette industry holding an Industrial Business License of the similar business field

158

Manufacture of other cigarettes

12019

159

Manufacture of (wood) paper pulp

17011

Allowed to source raw materials from plantation forests (HTI) or from chips imported only in case of domestic insufficiency

160

Manufacture of securities (inter alia, bank notes paper, cheque paper, watermark paper)

17013

a.       Subject to an operating permit from the Coordinating Agency for Elimination of Money Forgery / the State Intelligence Agency; and

b.       Subject to a recommendation from the Ministry of Industry

161

Printing of money and special printing/securities documents (inter alia, postage stamps, duty stamps, negotiable instruments, passports, demographical and hologram documents)

18112

a.       Subject to an operating permit from the Coordinating Agency for Elimination of Money Forgery / the State Intelligence Agency; and

b.       Subject to a recommendation from the Ministry of Industry

162

Manufacture of cyclamates and saccharine

20119

Subject to regulations issued by the Food and Drug Agency and the Ministry of Trade

163

Manufacture of special inks

20293

a.     Subject to an operating permit from the Coordinating Agency for Elimination of Money Forgery / the State Intelligence Agency; and

b.     Subject to a recommendation from the Ministry of Industry

164

Lead smelting

24202

Subject to a recommendation from the Ministry of the Environment and the Ministry of Industry for industries using used battery raw materials

165

Manufacture of crumb rubber

22123

Subject to a special permit from the Minister of Industry only if integrated into the development of rubber estates:

a.       Subject to sourcing raw materials of at least 20% of the production capacity from own rubber farms; and

b.       Subject to sourcing raw materials not exceeding 80%, in a partnership system, at least 20% of the total farm area shall be a plasma farm

No.

Business Field

ISIC

Conditions

166

Manufacture of raw materials for explosives

20114

a.       Foreign investment: Max. of 49%, and 51% for State-Owned Companies

b.       Subject to a recommendation from the Ministry of Defense

167

Manufacture of main and/or ancillary components

20292

a.       Foreign investment: Max. of 49%, and 51% for State-Owned Companies

b.       Subject to a recommendation from the Ministry of Defense

168

Manufacture of components and/or supplies

20292

a.       Foreign investment: Max. of 49%, and 51% for State-Owned Companies

b.       Subject to a recommendation from the Ministry of Defense

169

Manufacture of main equipment

25200 25934 30300 30400

a.     Domestic capital: 100%

b.     Subject to a recommendation from the Ministry of Defense

 

170

Security consulting services

74909

a.     Foreign investment: Max. of 49%

b.     Subject to an operating permit from the Police Headquarters

171

Provision of security guards, cash and valuables escort, provision of security services with animals

80100

a.     Foreign investment: Max. of 49%

b.     Subject to an operating permit from the Police Headquarters

172

Security systems device services

80200

a.     Foreign investment: Max. of 49%

b.     Subject to an operating permit from the Police Headquarters

173

Security education and training services

85499

a.       Foreign investment: Max. of 49%

b.       Subject to an operating permit from the Police Headquarters

No.

Business Field

ISIC

Conditions

174

Construction services (construction contractors) with high technology and/or high risks and/or work value of more than Rp50,000,000,000 (CPC 511, 512, 513, 514, 515, 516, 517, dan/and 518)

00000

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

175

Construction consultancy services with high technology and/or high risks and/or work value of more than Rp10,000,000,000 (CPC 8671, 8672, 8673, 8674, dan/and 9403)

00000

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

176

Drinking water services (collection, purification/treatment, supply)

36001

Foreign investment: Max. of 95%

No.

Business Field

ISIC

Conditions

177

Retail trade in cars, motor cycles, and commercial vehicles

45103 45104 45403 45404

Domestic capital: 100%

178

Retail trade in car parts and accessories, motor cycles, and commercial vehicles

45302 45406

Domestic capital: 100%

179

Supermarkets with retail space of less than 1,200m2

47111

Domestic capital: 100%

180

Minimarkets with retail space of less than 400m2, including convenience stores dan community stores

47111

Domestic capital: 100%

181

Department stores with retail space of 400 m2 – 2,000m2

47191

a.    Foreign investment: Max. of 67%; and

b.    Subject to a special permit from the Ministry of Trade only if:

1.       Located in the mall and not stand-alone;

2.       Addition of outlet stores shall be based on export performance (pay performance)

182

Retail sale of jewelry

47735

Domestic capital: 100%

183

Retail sale of antiques

47746

Domestic capital: 100%

184

Retail sale of water transport equipment and components and fittings

47795

Domestic capital: 100%

185

Retail sale in non-supermarkets or non-minimarkets

47112

Domestic capital: 100%

186

Retail sale in non-department stores

47192

Domestic capital: 100%

187

Retail sale of textiles

47511 47512

Domestic capital: 100%

188

Retail sale of games and toys in stores

47640

Domestic capital: 100%

189

Retail sale of cosmetic articles

47725

Domestic capital: 100%

190

Retail sale of footwear

47712

Domestic capital: 100%

191

Retail sale of electronics

47861

Domestic capital: 100%

192

Retail sale of food and beverages

4722

4724

Domestic capital: 100%

193

Other retail sale of any kind of product via electronic system (e.g. alcoholic beverages)

47919

Domestic capital: 100%

194

Commission agents

46100

Domestic capital: 100%

195

Property/real estate brokers

68200

Domestic capital: 100%

196

Distributor’s sale not affiliated to production

00000

Foreign investment: Max. of 67%

197

Warehousing

52101

Foreign investment: Max. of 67%

198

Cargo condition survey

00000

Domestic capital: 100%

199

Survey on means of land, sea, and air transportation and equipment

00000

Domestic capital: 100%

200

Technical and industry survey, including engineering

00000

Domestic capital: 100%

201

Ecological survey

00000

Domestic capital: 100%

202

Survey on financing objects or warehousing [and stock] supervision

00000

Domestic capital: 100%

203

Destructive/non-destructive testing

00000

Domestic capital: 100%

204

Quantity survey

00000

Domestic capital: 100%

205

Quality survey

00000

Domestic capital: 100%

206

Supervision survey on supervision of activity process according to the prevailing or agreed-upon standards

00000

Domestic capital: 100%

207

Public opinion polling and market research

73200

a.     Domestic capital: 100%

b.     Foreign investment by ASEAN countries’ investors: Max. of 70%

208

Renting and leasing of means of land transportation (rental without operator)

77100

Domestic capital: 100%

 

209

Renting and leasing of agricultural machinery and equipment

77305

Domestic capital: 100%

 

210

Renting and leasing of construction and civil engineering machinery and equipment

77306

Domestic capital: 100%

211

Renting and leasing of office machinery and equipment (including computers)

77307

Domestic capital: 100%

212

Renting and leasing of other machinery and equipment not elsewhere classified (power generating machinery, textile machinery, metal/woodworking machinery, printing machinery, and electric welding machines)

77309

Domestic capital: 100%

213

Building cleaning services

81210

Domestic capital: 100%

214

Washing and (dry-) cleaning

96200

Domestic capital: 100%

215

Hair cutting

96111

Domestic capital: 100%

216

Beauty salons

96112

Domestic capital: 100%

217

Sewing

96991

Domestic capital: 100%

218

Photocopying, document preparation and other specialized office support services

82190

Domestic capital: 100%

219

Wholesale of alcoholic beverages/hard liquor (importers, distributors, and sub-distributors)

46333

Subject to holding/having:

a.       An Alcoholic Beverage Trading License

b.       A distribution network and dedicated places

220

Retail sale of alcoholic beverages/hard liquor

47221

Subject to holding/having:

a.     An Alcoholic Beverage Trading License

b.     A distribution network and dedicated places

221

Non-store (sidewalk trading) retail sale of alcoholic beverages/hard liquor

47826

Subject to holding/having:

a.       An Alcoholic Beverage Trading License

b.       A distribution network and dedicated places

222

Alternative trading system

00000

Domestic capital: 100%

223

Alternative trading system parties

00000

Domestic capital: 100%

No.

Business Field

ISIC

Conditions

224

Operation of museums (CPC 96321)

91022

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

225

Operation of historical and archaeological remains, such as temples, Sultan’s palaces, inscriptions, ruins, ancient buildings

91024

Foreign investment: Max. of 67%

226

Travel bureaus (CPC 7471)

79120

a.       Foreign investment: Max. of 67%

b.       Foreign investment by ASEAN countries’ investors: Max. of 70%

227

Catering

56210

a.       Foreign investment: Max. of 67%

b.       Foreign investment by ASEAN countries’ investors: Max. of 70%

228

Two-star hotels

55114

Foreign investment: Max. of 67%

229

One-star hotels

55115

Foreign investment: Max. of 67%

230

Non-star hotels

55120

Foreign investment: Max. of 67%

231

Motels

55199

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

232

Billiards houses (CPC 964)

93111

a.       Foreign investment: Max. of 67%

b.       Foreign investment by ASEAN countries’ investors: Max. of 70%

233

Bowling alleys (CPC 964)

93111

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

234

Golf courses (CPC 96413)

93112

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

235

Art galleries

90006

Foreign investment: Max. of 67%

236

Art theaters

90006

Foreign investment: Max. of 67%

237

Impresario services (CPC 96191)

90004

 

238

Operation of karaoke

93292

Foreign investment: Max. of 67%

239

Operation (exploitation) of coin/card-operated games

93293

Foreign investment: Max. of 67%

240

Organization of Meeting, Incentive, Convention, and Exhibition (MICE) (CPC 87909)

82301

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

241

SPA services

96122

Foreign investment: Max. of 51%

242

Operation of natural tourism objects other than in conservation areas

91034

Foreign investment: Max. of 67%

243

Motion picture advertising, advertisements, posters, stills, photographs, slides, negatives, banners, pamphlets, balihos, folders etc. (CPC 871)

73100

a.    Domestic investment: 100%

b.    Foreign investment by ASEAN countries’ investors: Max. of 51%

No.

Business Field

ISIC

Conditions

244

Land general freight transport

49431

Foreign investment: Max. of 49%

245

Land Special freight transport

49432

Foreign investment: Max. of 49%

246

Passenger land transport on scheduled routes (intercity and interprovincial transport, suburban/rural transport, in-province intercity transport, urban/suburban/rural transport, and cross-border transport)

49211 49414 49213 49214 49215

Foreign investment: Max. of 49%

247

Passenger land transport on non-scheduled routes (taxi transport, tourism transport, specific destination transport, specific area transport)

49421 49221

Foreign investment: Max. of 49%

248

Domestic sea transport

5011

5013

Foreign investment: Max. of 49%

249

International sea transport

5012

5014

Foreign investment: Max. of 49%

250

International passenger sea transport (excluding cabotage) (CPC 7211)

50121 50122 50123

Foreign investment by ASEAN countries’ investors: Max. of 70%

251

International freight sea transportation (excluding cabotage) (CPC 7212)

50141 50142 50143

Foreign investment by ASEAN countries’ investors: Max. of 70%

252

Interprovincial general inland water transport

50214

Foreign investment: Max. of 49%

253

Interprovincial pioneering inland water transport

50215

Foreign investment: Max. of 49%

254

Interdistrict/intercity general inland water transport

50216

Foreign investment: Max. of 49%

255

Interdistrict/intercity pioneering inland water transport

50217

Foreign investment: Max. of 49%

256

Inner district/city general inland water transport

50218

Foreign investment: Max. of 49%

257

Passenger river and lake transport with scheduled and regular routes

50211

Foreign investment: Max. of 49%

258

Passenger river and lake transport with non-scheduled and irregular routes

50212

Foreign investment: Max. of 49%

259

Tourism river and lake transport with non-scheduled and irregular routes

50213

Foreign investment: Max. of 49%

260

River and lake general freight and/or animal transport

50221

Foreign investment: Max. of 49%

261

Special freight river and lake transport

50222

Foreign investment: Max. of 49%

262

Hazardous freight river and lake transport

50223

Foreign investment: Max. of 49%

263

Provision of harbour facilities (jetties, buildings, tugs at cargo container terminals, at liquid-bulk terminals, at dry-bulk terminals, and at Roll on-Roll off (Ro-Ro) terminals

52221 52222 52223

a.       Foreign investment: Max. of 49%

b.       Subject to a special permit from the Ministry of Transportation for the minimum capital requirement

264

Provision of harbour facilities, i.e., waste reception facilities

52109

Foreign investment: Max. of 49%

265

Salvage and/or underwater works

52229

Subject to a special permits from the Ministry of Transportation

266

Supporting transport business in terminals

52211

Foreign investment: Max. of 67%

267

Airport services

52230

Foreign investment: Max. of 49%

268

Air transport support services (computer-based reservation system, passenger and cargo ground handling, and aircraft leasing)

51102 51202 52240 77304

Foreign investment: Max. of 67%

269

Service activities related to airports

52230

Foreign investment: Max. of 67%

270

Loading and unloading of goods services (maritime cargo handling services under CPC 7412)

52240

a.    Foreign investment: Max. of 67%

b.    Foreign investment by ASEAN countries’ investors: Max. of 70%

c.     Applicable only for ASEAN countries in 4 (four) ports of the territory of eastern Indonesia, i.e Pelabuhan Bitung, Pelabuhan Ambon, Pelabuhan Kupang, and Pelabuhan Sorong

271

Freight forwarding services

52291

Foreign investment: Max. of 67%

272

Air freight forwarding services

52294

Foreign investment: Max. of 67%

273

Airline general sales agents (GSA)

79112

Foreign investment: Max. of 67%

274

Provision and operation of inland water harbours/piers

52223

Foreign investment: Max. of 49%

275

Provision and operation of river and lake harbours/piers

52222

Foreign investment: Max. of 49%

276

Small-scale shipping

50135

Domestic capital: 100%

277

Domestic scheduled commercial air transport

51101 51102

a.    Foreign investment: Max. of 49%

b.    The national capital shall outnumber the whole foreign capital (single majority)

278

International scheduled commercial air transport

51101 51102 51103

a.       Foreign investment: Max. of 49%

b.       The national capital shall outnumber the whole foreign capital (single majority)

279

Non-scheduled commercial air transport

51104 51105

a.       Foreign investment: Max. of 49%

b.       The national capital shall outnumber the whole foreign capital (single majority)

280

Non-commercial air transport

51109

a.       Foreign investment: Max. of 49%

b.       The national capital shall outnumber the whole foreign capital (single majority)

281

Performance of periodic testing of motor vehicles

71203

Foreign investment: Max. of 49%

282

Operation of passenger land transport terminal facilities (public facilities and general cargo terminals only)

52211

Foreign investment: Max. of 49%

283

Multimode transport

52295

Foreign investment: Max. of 49%

No.

Business Field

ISIC

Conditions

284

Wired telecommunications services

61100

Foreign investment: Max. of 67%

285

Wireless / satellite telecommunications services

61200 61300

Foreign investment: Max. of 67%

286

Wired/wireless/satellite telecommunications services integrating with telecommunications services

61921 61922 61923 61929

Foreign investment: Max. of 67%

287

Content telecommunications services (ringtone, premium short message services, etc)

61911

Foreign investment: Max. of 67%

288

Call centers and other added-value telephony services

61919

Foreign investment: Max. of 67%

289

Internet service providers

61921

Foreign investment: Max. of 67%

290

Data communications services

61922

Foreign investment: Max. of 67%

291

Public internet telephony services

61923

Foreign investment: Max. of 67%

292

Internet interconnection services (Network Access Point), other multimedia services

61929

Foreign investment: Max. of 67%

293

Public broadcasters: Radio

60101

Monopolized by public broadcasters: Radio Republik Indonesia (RRI), Televisi Republik Indonesia (TVRI), and local public broadcasters (LPPL)

294

Public broadcasters: Television

60201

295

Providers, operators (operation and renting) and telecommunications tower construction service providers

42217

Domestic capital: 100%

296

Publishing of newspapers, and magazines, bulletins (press)

58130

Domestic capital: 100%

297

Private broadcasters

60102

a.       For business expansion and development only

b.       Foreign investment: Max. of 20%

298

Subscription broadcasters

60202

299

Postal / courier services

53101 53102 53202

Foreign investment: Max. of 49%

300

Electronic trade transaction providers (platform-based market place, daily deals, price grabber, online classified ads) with an investment value of less than Rp100,000,000,000

00000

Foreign investment: Max. of 49%

No.

Business Field

ISIC

Conditions

301

Investment finance companies

64929 64910

Foreign investment: Max. of 85%

302

Working capital finance companies

64992

Foreign investment: Max. of 85%

303

Multi-purpose finance companies

64922 64923

Foreign investment: Max. of 85%

304

Venture capital

64991

Foreign investment: Max. of 85%

305

Loss insurance companies

64991

Foreign investment: Max. of 80%

306

Life insurance companies

65111 65112

Foreign investment: Max. of 80%

307

Reinsurance companies

65121 65122

Foreign investment: Max. of 80%

308

Insurance loss appraisal companies

66210

Foreign investment: Max. of 80%

309

Insurance agent companies

66221

Foreign investment: Max. of 80%

310

Insurance brokerage companies

66222

Foreign investment: Max. of 80%

311

Reinsurance brokerage companies

66225

Foreign investment: Max. of 80%

312

Actuarial consulting companies

66291

Foreign investment: Max. of 80%

313

Guarantee companies

64993

Foreign investment: Max. of 30%

314

Non-bank money changers

66197

Domestic capital: 100%

315

Money market brokerage companies

64190

Subject to a special permit from the Financial Services Authority

No.

Business Field

ISIC

Conditions

316

Conventional banks

64125 64126

Subject to a special permit from the Financial Services Authority

317

Sharia banks

64131

Subject to a special permit from the Financial Services Authority

318

Conventional small business banks

64127

a. Domestic capital: 100%

319

Sharia small business banks

64133

Domestic capital: 100%

No.

Business Field

ISIC

Conditions

320

Domestic employment services for Indonesian personnel (such as registration, recruitment, formalities, lodging for pre-departure orientation, departure, placement and repatriation of personnel)

78101

Foreign investment: Max. of 49%

321

Supply of workers [processs of registration, recruitment, formalities (inter alia, employment agreements), negotiation for a job with job providers, to employ workers, such as, cleaning services, security services, catering services and other support services]

78200

Foreign investment: Max. of 49%

322

Job training (to provide, have access to, increase, develop job competency, productivity, discipline, manner and work ethics, inter alia, technics and engineering vocation, commerce, language, tourism, management, information technology, arts and agriculture directed to provide workforce with knowledge to enter the world of work)

85499 85492 85493 85494

Foreign investment: Max. of 67%

323

International employment services for Indonesian migrant workers (process of recruitment, formalities, education and training, lodging, departure preparation, departure and repatriation of the Prospective Indonesian migrant workers

78102

Domestic capital: 100%

No.

Business Field

ISIC

Conditions

324

Pre-primary education

85132 85133

Under Law Number 20 of 2003 concerning The National Education System and its ancillary regulations

325

Private primary education

85121

326

Private first-level secondary schools

85122

327

Private general secondary education

85220

328

Private vocational secondary education

85240

329

Private degree program higher education

85321

Under Law Number 12 of 2012 concerning Higher Education and its ancillary regulations

330

Private nondegree program higher education

85322

No.

Business Field

ISIC

Conditions

331

Manufacture of patent medicines

21012

Foreign investment: Max. of 85%

332

Medical devices testing institutions

71205

Foreign investment: Max. of 67%

333

Acupuncture services facilities

86901

Foreign investment: Max. of 49%

334

Pest control/Fumigation services

86903

Foreign investment: Max. of 67%

335

Medical and ambulantory evacuation services

86904

Foreign investment: Max. of 67%

336

Manufacturers of narcotics (manufacture of pharmaceuticals)

21012

Subject to a special permit from the Ministry of Health

337

Wholesale of narcotic pharmaceuticals

46693

Subject to a special permit from the Ministry of Health

338

Processing of traditional medicines

21022

Domestic capital: 100%

339

Manufacture of traditional medicines/natural extracts

21022

Domestic capital: 100%

340

Wholesale of pharmaceutical raw materials

46693

Domestic capital: 100%

341

Pharmacies, drugstores, health equipment stores, and opticians

47722 47723 47733

Domestic capital: 100%

342

Basic medical clinics: Private maternity hospitals, clinic general medical services/general medical clinics, residential health services, and basic medical service facilities

86103 86104 86109

Domestic capital: 100%

343

Hospitals

86103

a.       Foreign investment: Max. of 67%

b.       Foreign investment by ASEAN countries’ investors: Max. of 70%; and

c.       Allowed throughout the capital cities of the provinces in Eastern Indonesia, except Makassar and Manado

344

Basic and specialist medical clinics: Clinic specialized medical services (CPC 9312), clinic specialized dental services (CPC 9312), nursing Services (CPC 93191), other hospital services (medical health clinics)

86109 86202 86203 86901

a.       Foreign investment: Max. of 67%

b.       Foreign investment by ASEAN countries’ investors: Max. of 70%; and

c.       Allowed throughout the capital cities of the provinces in Eastern Indonesia, except Makassar and Manado

345

Wholesale of medical devices

46693

a.     Foreign investment: Max. of 49%

b.     Subject to a special permit from the Ministry of Health

346

Manufacture of medical devices: Class A (Wadding, bandages, gauze, canes, infusion stands, sanitary napkins, adult diapers, hospital beds, wheelchairs)

21012

a.       Foreign investment: Max. of 33%

b.       Subject to a special permit from the Ministry of Health

347

Manufacture of medical devices: Class B (Surgical masks, hypodermic needles, patient monitors, condoms, surgical gloves, hemodialysis liquid, PACS, surgical knives)

21012

Subject to a special permit from the Ministry of Health

348

Manufacture of medical devices: Class B (IV catheters, X Ray, ECG, patient monitors, orthopaedic implants, contact lens, oximeters, densitometers)

21012

Subject to a special permit from the Ministry of Health

349

Class D (CT Scan, MRI, cardiac catheters, cardiac stents, HIV Test, Pacemakers, Dermal Fillers, Ablation Catheters)

21012

Subject to a special permit from the Ministry of Health

350

Tissue and cellular banks and laboratories

86903

Subject to a special permit from the Ministry of Health

 

 

 

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