Perdagangan Eceran Jam
Last updated · Sourced from OSS Indonesia
This group includes retail businesses specializing in various types of clocks, such as wristwatches, pocket watches, wall clocks, alarm clocks, bells, and other time-measuring devices, including the retail trade of parts for watches and clocks.
Sector oversight by Ministry of Trade (Kemendag) / local governments; NIB is the only license needed and Emerhub files it for you.
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Most modern retail (supermarkets, department stores) is open to PMA above a minimum store-area threshold (typically 1,200 m² for hypermarkets, 400 m² for supermarkets).
Traditional retail and small-scale retail (kaki lima, los pasar) are reserved for SMEs.
Retail of alcoholic beverages is highly restricted and monitored separately.
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.
KBLI 47734 is not on Indonesia's closed, conditional, SME-reserved or partnership-required schedules. A foreign investor may incorporate a PT PMA with up to 100% foreign ownership and operate in this activity directly.
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.
E-commerce (Tokopedia, Bukalapak, Shopee, Tiktok Shop) and modern-format retail (Ranch Market, Lotte Mart) drive most foreign-owned activity. Traditional and small-format retail remain reserved for Indonesian SMEs.
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.
We confirm KBLI 47734 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.
We 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.
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).
Documents and capabilities you must demonstrate at registration
No specific application requirements at this scale.
Compliance and reporting duties throughout operation
The authority that issues the license depends on your situation.
| Authority | Applies when |
|---|---|
| Regent/Mayor | Regency/City |
| Minister/Head of Agency | All |
| Minister/Head of Agency | Foreign Investment |
| Governor | Special Capital Region of Jakarta Province |
We file the OSS application with KBLI 47734 as your primary business activity, complete the risk-based assessment, and collect the NIB (Business Identification Number) for you — typically within hours of submission. You don't need to touch the OSS portal.
KBLI 47734 is Low risk under OSS RBA, so the NIB alone is sufficient to begin commercial operation — no additional Standard Certificate or Operating License is required from OSS. We confirm all secondary registrations (BPJS, tax payment setup, sector-specific notifications) are in place.
Post-launch we run your monthly tax filings, quarterly LKPM (Investment Activity Reports), annual general meeting (RUPS), and any sector-specific reporting. You get a single point of contact and a monthly compliance digest — no Indonesian-language paperwork on your desk.
Source: BKPM (2026-04-29). Updated quarterly.
View original on data.bkpm.go.id →A plain-English explanation of this classification and the businesses it covers.
KBLI 47734 (Perdagangan Eceran Jam) is the 5-digit Indonesian Standard Industrial Classification code for retail trade of watches. It sits within Wholesale and Retail Trade; Repair and Maintenance of Cars and Motorcycles under the subgroup Retail trade specializing in other new goods in stores. (major group 47) in the official KBLI 2020 taxonomy maintained by Statistics Indonesia (BPS).
Any Indonesian or foreign-owned entity that intends to operate in retail trade of watches as a primary or secondary business activity must select this code on its NIB (Business Identification Number). The selected code determines the licensing instruments required, the issuing authority, and the ongoing compliance obligations.
Indonesia's OSS Risk-Based Approach uses the KBLI code to determine three things: (1) whether foreign investment is permitted and at what cap, (2) the risk-based licensing instruments required, and (3) the authority that issues each instrument. Choosing the wrong code can delay or invalidate your license.
Indonesia's BPS published the new KBLI 2025 taxonomy in early 2025. OSS, BKPM and the operating ministries have not yet adopted it — KBLI 2020 remains the active standard for business registration. This is what's coming for this specific code.
KBLI 47734 retains the same code number and scope in the new taxonomy. The activity description, hierarchy, and intended use of the code are preserved.
When OSS adopts KBLI 2025, we'll migrate your existing entity to the appropriate successor code as part of ongoing compliance — no action needed on your end now.
Talk to a specialistIndonesia's OSS Risk-Based Approach assigns a separate risk level for each of the four business scales. The licensing instruments required (NIB, Standard Certificate, Operating License) are determined by the risk level. Foreign-owned entities (PT PMA) must register at the Large scale, so the rightmost column applies to most foreign investors.
KBLI 47734 (Perdagangan Eceran Jam) is the 5-digit Indonesian Standard Industrial Classification code for retail trade of watches. It sits within the Wholesale and Retail Trade; Repair and Maintenance of Cars and Motorcycles category in the official KBLI 2020 taxonomy maintained by Badan Pusat Statistik (BPS).
Yes — KBLI 47734 is fully open to foreign investment. A PT PMA may operate with up to 100% foreign ownership, subject to BKPM Reg. 5/2025 capital requirements (IDR 2.5 billion paid-up + IDR 10 billion+ commitment per KBLI).
KBLI 47734's risk levels per business scale: Micro Low, Small Low, Medium Low, Large Low. Foreign-owned entities (PT PMA) must register at the Large scale.
NIB only at Large scale. KBLI 47734 is classified as Low risk in OSS RBA, so the Business Identification Number covers OSS-side operational licensing on its own.
BKPM Reg. 5/2025 default applies: IDR 2.5 billion paid-up capital at incorporation + IDR 10 billion+ total investment commitment per KBLI registered, realized over time and reported quarterly via LKPM.
PT PMA setup typically takes 4-8 weeks end-to-end: AHU registration, NIB via OSS, bank account opening. KBLI-specific licensing depends on the permit instrument required.
Not on the Tax Holiday or Tax Allowance priority lists. KBLI 47734 businesses pay the standard 22% PPh Badan; Super Tax Deduction (300% R&D / 200% vocational training) may still apply for qualifying expenses.
Authority depends on the investor profile. For PMA: Regent/Mayor. For domestic SME scale: typically Governor (for Provincial scope) or Regent/Mayor (Regency/City scope). Specific mapping is in §1 of this page.
Beyond the NIB, no specific auxiliary permits (PB UMKU) are recorded for KBLI 47734. Sector-specific obligations may still apply — verify with the relevant ministry.
KBLIs in the same subgroup 4773: 47731 (Retail Trade of Photography Equipment and Accessories); 47732 (Retail Trade of Optical Instruments and Accessories); 47733 (Retail Trade of Eyeglasses); 47735 (Retail Trade of Jewelry); 47736 (Retail Trade of Motor Vehicle Accessories). These are closely related activities — see the related-codes section below for full list.