Last updated · Sourced from OSS Indonesia
This group includes businesses engaged in the purchase, sale, rental, and operation of real estate, whether owned or leased, such as apartment buildings, residential buildings, and non-residential buildings (such as storage facilities/warehouses, malls, shopping centers, and others), as well as the provision of houses and flats or apartments with or without furniture for permanent use, either on a monthly or annual basis. It includes activities related to the sale of land, building development for self-operation (for renting out spaces in those buildings), subdivision of real estate into plots of land without land development, and the operation of residential areas for movable houses.
Sector oversight by Ministry of Public Works; NIB is the only license needed and Emerhub files it for you.
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Property development is open to 100% PMA, but foreign individuals cannot directly own freehold land — only HGB (Building Use Right) or Hak Pakai (Right of Use).
Real estate companies must comply with PT PMA capital rules and developer-licensing requirements.
Strata-title (apartment) ownership rules differ from landed property; verify current foreign-ownership thresholds.
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 68111 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.
Archetypal businesses operating under this code. Use these to recognize whether your venture maps to KBLI 68111 as primary or secondary activity.
Real-world business archetypes — names omitted; profiles describe operational shape, not specific companies.
Foreign-investor-backed developers building and holding office, retail, and mixed-use properties in Tier-1 cities.
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 68111 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).
Development other than letters a and b
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 | In one Regency/City |
| Minister/Head of Agency | Inter-Provincial |
| Minister/Head of Agency | Foreign Investment |
| Governor | Cross-County/City and Special Region of Jakarta |
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 1 candidate permit across 1 regulator; most operations only need a handful. Emerhub maps your operation to the exact set, files them, and tracks renewals.
BPOM (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.
We file the OSS application with KBLI 68111 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.
NIB is issued for the preparation stage. To begin commercial operations, the operator must self-declare compliance with applicable standards via OSS, which generates the Sertifikat Standar. Operating commercially with NIB alone is not legally compliant at this risk level. We prepare the application bundle, liaise with the competent ministry, and chase issuance through to the certificate. Statutory turnaround: set by ministry — real-world timing typically runs longer when site inspections or additional clarifications are requested.
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.
Class-level prerequisites that apply to every operator under this KBLI, independent of business scale. These commonly include minimum capital rules for PMA entities and spatial-planning (KKPR) conformance.
Based on BKPM Regulation Number 4 of 2021 in Article 12, the exception from the minimum investment value provision for PMA is that the total investment is greater than Rp. 10,000,000,000.00 (ten billion rupiah), excluding land and buildings per KBLI business field. 5 (five) digits per project location, including for: business activities for property development and exploitation with the following provisions:
Scope of Activities of Medium/Large Business-Scale Shopping Centers, based on Government Regulation Number 5 of 2021 concerning Implementation of Risk-Based Business Licensing in Appendix II of the Trade Sector, and Government Regulation Number 29 of 2021 concerning Implementation of the Trade Sector in Article 97, is required
Industrial-park operators developing serviced industrial land for lease to manufacturing tenants — Cikarang, Karawang, Bekasi corridor.
PMA entities holding hotel and resort real estate, leased to operating PMA entities under separate KBLIs.
PMA cannot directly hold Hak Milik (freehold) land. Standard structure: hold land via HGB (right to build, max 80 years) on long-term lease over HM-titled land. KKPR (spatial-planning conformance) is the gating prerequisite for any property development.
A plain-English explanation of this classification and the businesses it covers.
KBLI 68111 is the 5-digit Indonesian Standard Industrial Classification code for real estate owned or leased. It sits within Real Estate Activities under the subgroup Real estate owned or leased (major group 68) in the official KBLI 2020 taxonomy maintained by Statistics Indonesia (BPS).
Any Indonesian or foreign-owned entity that intends to operate in real estate owned or leased 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 68111 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 68111 (Real Estate Owned or Leased) is the 5-digit Indonesian Standard Industrial Classification code for real estate owned or leased. It sits within the Real Estate Activities category in the official KBLI 2020 taxonomy maintained by Badan Pusat Statistik (BPS).
Yes — KBLI 68111 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 68111's risk levels per business scale: Micro Medium-Low, Small Medium-Low, Medium Medium-Low, Large Medium-Low. Foreign-owned entities (PT PMA) must register at the Large scale.
NIB + self-declared Standard Certificate (Sertifikat Standar). KBLI 68111 is Medium-Low risk at Large scale, so the investor declares compliance with the applicable technical standard at NIB issuance. No government pre-audit, but the declaration is binding and can trigger a post-audit. One sector-specific PB UMKU permit also applies. See the requirements summary at the top of the page. Plus 2 basic requirements (KKPR) at the class level.
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 68111 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, KBLI 68111 carries 1 PB UMKU permits across 1 sector regulator: Pharmaceuticals (1). Most operations only need 2-4 of these — the relevant set depends on which specific activities you actually perform; Emerhub maps the right subset before filing.
KBLIs in the same subgroup 6811: 68112 (Rental of Venue for MICE Activities and Special Events). These are closely related activities — see the related-codes section below for full list.