Foreign ownership quick reference — popular KBLI codes
A snapshot of foreign-ownership rules across the most-asked-about sectors. Tap any code for the full regulatory profile.
| KBLI | Sector | Foreign ownership | Sector regulator | Notes |
|---|---|---|---|---|
| 62019 | Custom software development | 100% PMA | — | Plus Kominfo PSE registration. |
| 62012 | Computer programming N.E.C. | 100% PMA | — | Open. Standard NIB process. |
| 63111 | Data processing & hosting | 100% PMA | — | Open. PSE Data Center registration. |
| 64951 | Fintech P2P Lending (Conv.) | 100% PMA | OJK | OJK licence + capital floor required. |
| 65111 | Conventional Life Insurance | 100% PMA | OJK | OJK insurance licence; high capital. |
| 64200 | Holding Company | 100% PMA | — | BKPM default capital applies. |
| 86103 | Private Hospital | 67% | Kemenkes | 67% in mainland; 100% in some KEKs. |
| 86105 | Private Clinic | 67% | Kemenkes | Foreign cap on outpatient clinics. |
| 56101 | Restaurants | 100% PMA | — | Open. Halal cert. expected. |
| 56102 | Eatery / Food Stall | Not viable | — | No Large-scale matrix — SMEs only. |
| 55103 | Three-Star Hotel | 100% PMA | — | Open. Tourism business licence. |
| 20232 | Cosmetics for Humans | 100% PMA | BPOM | BPOM NIE + Halal mandatory by Oct 2026. |
| 21011 | Pharma Manufacturing | 100% PMA | BPOM | BPOM marketing authorisation. |
| 46100 | Wholesale Trade | 100% PMA | — | Open. Standard NIB process. |
| 47111 | Mini-market / Convenience | 0% | — | Reserved for Indonesian capital. |
| 05100 | Coal Mining | Conditional | ESDM | Mandatory divestment over concession life. |
| 35111 | Power Generation | 100% PMA | ESDM | IUPTL licence required from ESDM. |
| 11010 | Distilled Alcoholic Beverages | Closed | — | Activity prohibited under Pres. Reg. 10/2021. |
| 21022 | Traditional Medicine | 0% | BPOM | Domestic capital only. |
| 30400 | Military Vehicles | 49% | — | Joint venture with Indonesian partner. |
Source: Pres. Reg. 10/2021 (BUPM Investment Business Fields) + BKPM Reg. 5/2025 + sector-specific regulations. Rules change — verify on the linked KBLI page or check directly with BKPM.
Ownership Categories
PT PMA Structure
A PT PMA (Penanaman Modal Asing) is the standard vehicle for foreign investment in Indonesia. It requires minimum capitalization and registration with BKPM.
- IDR 2.5 B paid-up + IDR 10 B+ total investment
- Can be 100% foreign-owned (sector dependent)
- Full profit repatriation rights
Key Regulated Sectors
Some sectors have special regulations or percentage caps regardless of KBLI openness:
- Media/Broadcasting: Max 49% foreign
- Retail <400m²: Closed to foreign
- Telecom: Max 67% foreign
How to Check Foreign Ownership Limits
Search Your Activity
Use our KBLI search to find the classification code that matches your business activity
Check the Limits
View the foreign ownership percentage and any special conditions attached to that KBLI code
Plan Your Structure
Structure your company ownership to comply with the limits, using local partners if required
Frequently Asked Questions
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