Foreign Investor FeasibilityKBLI 46442
§ 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 46442 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.
Sector capital requirement
Higher minimum capital required by BPOM + Kemenkes
Wholesale of traditional medicine for humans
Required paid-up
BKPM Reg. 5/2025 default (IDR 2.5 billion paid-up)
Regulation
Permenkes 14/2021 + Permenkes 6/2012 (Industri & Usaha Obat Tradisional)
Note. Wholesale of traditional medicine requires a Penanggung Jawab Teknis (Technical Responsible Person) with the appropriate Indonesian credential — typically a Tenaga Teknis Kefarmasian or traditional-medicine-qualified PJ depending on product scope. Plus BPOM TR distribution permits per SKU.
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 46442 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 46442 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 46442, 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
Wholesale Trader of Natural Medicinal Ingredients
What's required to operate
NIB
Preparation only — additional permit needed below
Standard Certificate (Verified)
Important: NIB is issued for the preparation stage. To begin commercial operations, the operator must obtain a Sertifikat Standar that has been verified by the competent ministry. The verification step typically requires a site or document inspection. Operating with NIB alone is not legally compliant.
Processing time
4Days
Statutory turnaround
Application requirements
3Documents and capabilities you must demonstrate at registration
- 01Distribution plan data for natural material medicines, health supplements, and quasi-drugs.
- 02Have at least a vocational pharmacy workforce as the technical person in charge, evidenced by a cooperation agreement.
- 03Proof of payment for Non-Tax State Revenue (PNBP) or Regional Original Income (PAD)
Ongoing obligations
4Compliance and reporting duties throughout operation
- 01Technical Responsible Person Practice License
- 02Implement the procurement, acceptance, storage, and distribution of natural materials, health supplements, and quasi-drugs in accordance with business standards.
- 03Distributing natural material medicines, health supplements, and quasi-medicines that have a Distribution License.
- 04Submit business activity reports periodically every 6 months.
Issuing authority
The authority that issues the license depends on your situation.
| Authority | Applies when |
|---|---|
| Minister/Head of Agency | Foreign Investment |
| Governor | All |
§ 05
Auxiliary permits (PB UMKU)
PB UMKU permits sit on top of the main NIB and Sertifikat Standar — each is issued by a different ministry, and only when a specific operational activity is performed. This KBLI carries 23 candidate permits across 1 regulator; most operations only need a handful. Emerhub maps your operation to the exact set, files them, and tracks renewals.
Pharmaceuticals
23 permitsBPOM (National Agency of Drug & Food Control). Applies to drugs, processed food, traditional medicine, cosmetics, and health supplements — produced, imported, repackaged, or distributed for human consumption. BPOM is the gating regulator; product registration is required before any commercial sale.
- Approval for Quasi Drug AdvertisingPersetujuan Iklan Obat Kuasi2 requirements1 obligationFood and Drug Supervisory Agency
- Approval for the Implementation of Clinical Trials for Health SupplementsPersetujuan Pelaksanaan Uji Klinik Suplemen Kesehatan2 requirements6 obligationsFood and Drug Supervisory Agency
- Approval for the Implementation of Clinical Trials for Quasi DrugsPersetujuan Pelaksanaan Uji Klinik Obat Kuasi2 requirements6 obligationsFood and Drug Supervisory Agency
- Approval for the Implementation of Clinical Trials for Traditional MedicinePersetujuan Pelaksanaan Uji Klinik Obat Tradisional2 requirements6 obligationsFood and Drug Supervisory Agency
Speak to Emerhub
Get your KBLI 46442 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.