Foreign Investor FeasibilityKBLI 35202
§ 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 35202 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
Regulations governing KBLI 35202
Current status, what each regulation actually requires for this activity, and how it ties to the PB UMKU sector permits below. Click through for the plain-English summary.
- Indonesia, Kementerian Keuangan
§ 03
How we handle your KBLI 35202 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 35202 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 35202, 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).
What's required to operate
NIB
Preparation only — additional permit needed below
Operating License (Izin)
Important: NIB is issued for the preparation stage. Commercial operation requires a full Operating License (Izin) issued by the competent ministry after a substantive review of the operator's capability, facility, and compliance. Operating with NIB alone exposes the entity to penalties, blacklisting, and contract invalidation.
Processing time
15Days
Statutory turnaround
Application requirements
1Documents and capabilities you must demonstrate at registration
- 01$4b
Ongoing obligations
10Compliance and reporting duties throughout operation
- 01Ensure the continuous availability of traded commodities in its distribution network.
- 02Guaranteeing the selling price of commodities traded in accordance with the regulations and/or provisions set by the Minister.
- 03Ensure and be responsible for the standards and quality (specifications) of the commodities traded until they reach the end consumer in accordance with regulatory provisions.
- 04Ensure and be responsible for the use of equipment, the accuracy, and the measurement systems used that meet the standards in accordance with the provisions of the legislation.
- 05Ensure occupational safety and health, environmental management, and community development.
- 06Willing to undergo inspections by the Directorate General of Oil and Gas periodically or at any time if necessary.
- 07Fulfill the licensing requirements set by the relevant authorities in accordance with the provisions of laws and regulations.
- 08Adjust the Oil and Gas Trading Business License in the event of changes and/or additions to: a. Facilities and infrastructure or the location of business activities, or b. Types of commodities and/or trademarks.
- 09Submit a report to the Minister of Energy and Mineral Resources through the Director General of Oil and Gas regarding the implementation of its business activities and/or any changes to administrative data.
- 10Comply with and adhere to laws and regulations.
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 35202 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.