Foreign Investor FeasibilityKBLI 35129
§ 01
Foreign investment rules
Indonesia's BUPM (Investment Business Fields) regulation places this code into one of five tracks. The track determines whether a foreign investor (PMA) can operate in this activity at all, and under what conditions.
Status · open
Open under BUPM (subject to sector rules)
KBLI 35129 is not on Indonesia's closed, conditional, SME-reserved, or partnership-required schedules under BUPM (Pres. Reg. 10/2021). A foreign investor can incorporate a PT PMA under this code, but sector regulators (PSE/Kominfo, BPOM, OJK, Kemenkes, Permendag, ESDM) almost always add licensing and capital requirements on top — the practical answer depends on your specific business model.
This KBLI is open under BUPM (Pres. Reg. 10/2021) — it's not on any restricted, closed, SME-reserved, or partnership-required schedule. That's the BUPM verdict only, not a complete sector-readiness check: sector regulators almost always add requirements on top (PSE/Kominfo for digital platforms, BPOM for food and cosmetics, OJK for financial, Kemenkes for healthcare, Permendag for retail, ESDM for energy). BKPM's default capital floor is IDR 2.5 billion paid-up with IDR 10 billion+ total investment commitment per KBLI, but sector regulators frequently set higher minimums for specific activities. The practical answer depends on your business model — confirm with our team before committing capital.
Investment momentum
Electricity & power generation sector — Q3 2025
BKPM-reported foreign investment context for the broader sector this KBLI sits in. Data is aggregated at the major-sector level — BKPM does not publish per-5-digit-KBLI breakdowns publicly.
PMA realized
IDR 21.5t≈ USD 1.3b
+18.9% YoY
Top investing countries
Singapore24%
Japan21%
South Korea16%
IPP (Independent Power Producer) projects dominate. Renewables (KBLI 35101 solar, geothermal) are Tax-Holiday-eligible at maximum tier; coal-fired projects no longer attract greenfield FDI. PLN PPA terms are the binding commercial constraint.
§ 02
Activities included under KBLI 35129
Sub-activities recorded under this KBLI in the OSS regulatory database. The classification covers any business operating in one or more of these areas.
Sub-activities under KBLI 35129
From the official OSS scope definition for this KBLI class. Each item is a distinct sub-activity that falls under this code.
- 01Energy Conservation Service Business
- 02All, except for Energy Conservation Service Business
§ 03
How we handle your KBLI 35129 setup
Emerhub is a corporate-services provider in Indonesia. We do the legal and regulatory legwork for foreign investors so you can focus on the business itself. Here's what the engagement looks like.
- 1
Confirm the optimal structure for your business
2–3 business daysWe confirm KBLI 35129 is the right primary code for your business, advise on secondary codes you may also need, and finalize the holding structure with you before any filing.
What we need from you- Founders' passport copies and proof of residence
- Intended share split and board composition
- 2
Incorporate your PT PMA
7–10 business daysWe draft the Articles of Association before a notary, register the entity with the Ministry of Law & Human Rights (Kemenkumham), and obtain the company's tax ID (NPWP). Under BKPM Reg. 5/2025, paid-up capital is IDR 2.5 billion (~USD 160K) — the cash actually deposited at incorporation. The IDR 10 billion+ figure many sources still cite is the total investment commitment per KBLI, realised over time via your LKPM reports.
Get an exact quote and timeline for KBLI 35129, scoped to your specific business plan.
Request a quote§ 06
Licensing requirements in detail
Specific permits, application requirements and ongoing obligations vary by business scale and the sub-activity within this KBLI. We file these on your behalf — this section is for transparency on what we'll be handling. Switch between scales below; by default we show Large (the PMA scale).
Sub-activity scopes · 2
Sub-activity scope
Energy Conservation Service Business
What's required to operate
NIB
Preparation only — additional permit needed below
Standard Certificate (Self-declared)
Important: NIB is issued for the preparation stage. To begin commercial operations, the operator must self-declare compliance with applicable standards via OSS, which generates the Sertifikat Standar. Operating commercially with NIB alone is not legally compliant at this risk level.
Application requirements
5Documents and capabilities you must demonstrate at registration
- 01Have 1 or more energy conservation experts evidenced by an energy auditor and/or verifier certificate.
- 02List of supporting equipment requirements
- 03A written statement on stamped paper regarding the willingness to undergo a field inspection by the Director General of EBTKE.
- 04Written statement on stamped paper regarding financial capability to carry out energy conservation service and
- 05A written statement on stamp paper regarding the willingness to comply with the provisions of laws and regulations.
Ongoing obligations
2Compliance and reporting duties throughout operation
- 01Fulfill and comply with the provisions of laws and regulations.
- 02Report the implementation of energy conservation efforts to the Minister through the Director General at the end of each year.
Issuing authority
The authority that issues the license depends on your situation.
| Authority | Applies when |
|---|---|
| Minister/Head of Agency | All |
| Minister/Head of Agency | Foreign Investment |
Speak to Emerhub
Get your KBLI 35129 setup handled end-to-end.
Emerhub is a corporate-services provider in Indonesia. We handle PT PMA incorporation, licensing, tax registration and monthly compliance — so you focus on operating the business.