Foreign Investor FeasibilityKBLI 35203
§ 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 35203 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
How we handle your KBLI 35203 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 35203 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 35203, scoped to your specific business plan.
Request a quote§ 05
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 scope
This group includes the processing of gas fuel that can be directly utilized as fuel, produced from agricultural, plantation, livestock by-products, or waste, where its production is accompanied by efforts to improve gas quality, such as purification, mixing, and other processes.
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
7Documents and capabilities you must demonstrate at registration
- 01Source of Raw Material Acquisition
- 02Written statement on stamped paper regarding the commitment of the business entity: a. To provide Biogas Fuel sustainably b. To meet occupational health and safety aspects as well as environmental management c. To fulfill the obligations of the Business Entity d. To comply with the provisions of laws and regulations e. To undergo a field review by the Directorate General of EBTKE f. To guarantee that the required documents and statements provided are true, and if proven otherwise in the future, the business license will be revoked in accordance with the laws and regulations.
- 03Feasibility Study
- 04Business feasibility analysis / business feasibility information that includes: a. Supply sources and potential consumers b. Business activity location along with technical data of facilities and infrastructure as well as coordinate point data c. TKDN components d. Business scheme and business development plan e. Use of foreign labor and local labor f. Financial analysis documents including details of investment costs, purchase price of BBBg, components and amounts of selling price of BBBg, as well as business feasibility calculations
- 05Standard and Quality Data (Specifications) for Biogas Fuel (BBBg) to be traded
- 06Minutes of inspection by officers from the Directorate General of EBTKE. If not yet available, the Business Actor must upload an official statement letter on company letterhead indicating readiness for verification in order to issue the Minutes of Inspection by the Directorate General of EBTKE.
- 07Beneficial Ownership Document
Ongoing obligations
24Compliance and reporting duties throughout operation
- 01A. Obligations for All Business License Holders for Biogas Fuel Activities as Other Fuel
- 02Fulfill and Comply with laws and regulations
- 03Having a business license for biogas fuel activities as an alternative fuel.
- 04Ensuring the availability of biogas fuel to meet domestic needs.
- 05Ensuring a fair selling price for biogas fuel.
- 06Own and/or control facilities and means for biogas fuel business activities, including supply, distribution, and marketing facilities.
- 07Ensure and be responsible for the use of equipment, accuracy, and measurement system that meets standards in accordance with statutory regulations.
- 08Ensuring the standards and quality (specifications) of Biogas Fuel as an alternative fuel in accordance with the provisions of legislation.
- 09Ensuring occupational safety and health, environmental management, and community development.
- 10Report the implementation of Bio Gas Procurement business activities to the Minister through the Director General of EBTKE every 3 (three) months and/or as needed.
- 11Report and/or submit a request for adjustment to the business license if there are changes in administrative and/or technical data.
- 12Willing to undergo inspection/field review by the Directorate General of EBTKE at any time if necessary.
- 13Fulfill the licensing requirements set by the relevant authorities in accordance with the provisions of the legislation. B. Special Obligations for Business License Holders for Biogas Fuel Activities as Other Fuel Implementing Facility and Infrastructure Development.
- 14Using goods and equipment that meet standards in accordance with the provisions of laws and regulations.
- 15Using good engineering practices
- 16Prioritizing the utilization of goods, equipment, services, technology, as well as domestic engineering and design capabilities.
- 17Prioritizing the use of Indonesian citizens as labor while considering the utilization of local labor in accordance with the required competency standards.
- 18Ensuring occupational safety and health as well as environmental protection.
- 19Helping the development of the local community C. Obligations for Business Actors conducting export and/or import activities of biogas fuel as other fuel:
- 20Obtain recommendations and/or evaluations, as one of the requirements for the determination of the commodity balance by the minister responsible for government affairs in the field of trade.
- 21Recommendations and/or evaluations as referred to in point 1 are provided: a. By considering production capacity and guarantees for the fulfillment of biogas fuel needs as an alternative fuel b. Once for one year of export and/or import implementation and c. No later than 7 (seven) days from the receipt of the recommendation and/or evaluation application for export and/or import from the Business Actor.
- 22Report to the minister responsible for government affairs in the field of energy and mineral resources regarding the implementation of export and/or import D. Other Provisions for Business Actors
- 23Business actors engaged in biogas fuel activities as an alternative fuel may sell biogas fuel as an alternative fuel to end consumers (large scale) and/or distributors.
- 24Regarding biogas as an alternative fuel mixed with gas fuel through gas pipeline networks, it can only be traded by holders of a gas fuel trading business license.
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 35203 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.