Foreign Investor FeasibilityKBLI 68299
§ 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 68299 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.
§ 02
How we handle your KBLI 68299 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 68299 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 68299, 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
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
3Days
Statutory turnaround
Application requirements
2Documents and capabilities you must demonstrate at registration
- 01A business entity in the form of a legal entity established and located within the legal territory of the Unitary State of the Republic of Indonesia.
- 02List of competent experts in the field of Property Brokerage Services as follows: a. All Property Brokers must be Indonesian citizens with a work area in property brokerage. b. At least 1 (one) expert with a work area in property brokerage management. c. In the case of conducting property management services and property investment consultancy, it must be supported by at least 1 (one) expert with a work area in property management and investment. Each expert must be equipped with: a. A copy of the Competency Certificate issued by the relevant authority. b. A statement letter declaring that the expert is not registered with other similar business actors. c. A Curriculum Vitae.
Ongoing obligations
9Compliance and reporting duties throughout operation
- 01Have a written agreement with service users in accordance with the provisions of the laws and regulations.
- 02Submit data and/or information in accordance with the provisions of laws and regulations.
- 03Using the nationally applicable payment system in every transaction.
- 04Showing identification while conducting business activities that at a minimum contains information in accordance with the provisions of the legislation.
- 05Display the P4 Business License number in a visible location at the business site and in all publications, whether in print media, electronic media, or other media.
- 06Determine the amount/value of the commission in accordance with the provisions of the laws and regulations.
- 07Submit business activity reports to the Minister of Trade.
- 08Submit changes to P4 data in accordance with the provisions of laws and regulations to the Minister of Trade.
- 09In the case of P4 conducting trade activities through electronic systems, it is mandatory to comply with the provisions of laws and regulations in the field of trade through electronic systems.
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 68299 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.