Foreign Investor FeasibilityKBLI 43211
§ 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 with carve-outs
Open to foreign investment, with carve-outs
KBLI 43211 is open as a class — a 100% foreign-owned PT PMA can be incorporated under this code — but Pres. Reg. 10/2021 carves out 1 specific sub-activity that are off-limits or restricted for foreign capital. The rest of the activity remains open to PMA. The carved-out items are listed below; any of them needs to be either avoided, served via an Indonesian operator, or structured around case-by-case.
Listed restrictions
Reserved for SMEs / cooperatives
1- Construction and installation of electrical power installations for electricity supply installations: Low/medium voltageAllocated for Cooperatives and UMKM.Sector: Energy and Mineral Resources
Sector capital requirement
Higher minimum capital required by PUPR + ESDM (BUJK PMA route)
Electrical installation services
Required paid-up
BKPM Reg. 5/2025 default + JV constraints (see notes)
Regulation
Permen ESDM 38/2018 (Tata Cara Akreditasi Jasa Penunjang Tenaga Listrik) + UU 2/2017 (Jasa Konstruksi)
Note. Foreign representative offices must form a structured JV: at least 30% of project cost executed with an Indonesian electrical-services partner, more Indonesian than foreign workers, Indonesian-citizen responsible party, prioritised use of domestic materials, mandatory technology transfer. Plus a valid SBU (Sertifikat Badan Usaha) from LPJK across the construction-services chain. Not a "incorporate PT PMA and operate" model — every project is structured around the Indonesian partner. Confirm scope and JV terms with our team before committing capital.
BKPM Reg. 5/2025's default is IDR 2.5 billion paid-up + IDR 10 billion commitment per KBLI. The figure above is the binding override for this activity — the higher number wins.
§ 02
How we handle your KBLI 43211 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 43211 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 43211, 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).
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
5Days
Statutory turnaround
Application requirements
2Documents and capabilities you must demonstrate at registration
- 01Fulfillment of Business Licensing Standards for Construction and Installation of Electrical Power Systems, Maintenance Services for Electrical Power Systems.
- 02Quality management system documents
Ongoing obligations
2Compliance and reporting duties throughout operation
- 01Submit periodic reports.
- 02Foreign representative offices of electrical support services must also fulfill the following obligations: a. establish a joint operation with a qualified domestic electrical support service company that has a business license for every electrical support service activity in Indonesia, with a minimum requirement of 30% (thirty percent) of the project cost being executed with a domestic electrical support service company b. employ more Indonesian workers than foreign workers c. appoint an Indonesian citizen as the responsible party for the foreign representative office d. prioritize the use of domestic materials e. possess high, modern, efficient, environmentally friendly technology, while considering local wisdom and f. implement technology transfer processes.
Issuing authority
The authority that issues the license depends on your situation.
| Authority | Applies when |
|---|---|
| Minister/Head of Agency | State-owned enterprises, representative offices, or public service agencies of the Central Government. |
| Minister/Head of Agency | Foreign Investment |
| Governor | Regional state-owned enterprises, domestic investors, cooperatives, or public service agencies of the Provincial/Regency/City Government. |
Speak to Emerhub
Get your KBLI 43211 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.