2014년 대통령령 제39호 외국인 투자 가능 및 불가 업종

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PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA

NUMBER 39 OF 2014

LIST OF BUSINESS FIELDS CLOSED TO INVESTMENT AND BUSINESS

FIELDS OPEN, WITH CONDITIONS, TO INVESTMENT

WITH THE GRACE OF GOD THE ALMIGHTY

THE PRESIDENT OF THE REPUBLIC OF INDONESIA,

Considering : a. that in order to implement Article 12 paragraph (4) and

Article 13 paragraph (1) of Law Number 25 of 2007 on

Investment, Presidential Regulation Number 36 of 2010

on List of Business Fields Closed to Investment and

Business Fields Open, with Conditions, to Investment;

b. that, in order to increase investment activities in

Indonesia, and for the purpose of implementing

Indonesia’s commitment with respect to the Association of

Southeast Asian Nations/ ASEAN Economic Community

(AEC), it is necessary to rework the provisions on the list

of business fields closed to investment and business fields

open, with conditions, to investment;

c. that, concerning the matters as refferred to in paragraphs

a and b above, it is necessary to stipulate a Presidential

Regulation on the List of Business Fields Closed to

Investment and Business Fields Open, with Conditions, to

Investment;

In view of ...

- 2 -

In view of : 1. Article 4 paragraph (1) of the 1945 Constitution of the

Republic of Indonesia;

2. Law Number 32 of 2004 on Regional Government (State

Gazette of the Republic of Indonesia of 2004 Number 125,

Supplement to the State Gazette Number 4437), as

amended most recently by Law Number 12 of 2008 on

Second Amendment to Law Number 32 of 2004 on

Regional Government (State Gazette of the Republic of

Indonesia of 2008 Number 59, Supplement to the State

Gazette of the Republic of Indonesia Number 4844);

3. Law Number 25 of 2007 on Investment (State Gazette of

the Republic of Indonesia of 2007 Number 67,

Supplement to the State Gazette of the Republic of

Indonesia Number 4724);

4. Law Number 40 of 2007 on Limited Liability Company

(State Gazette of the Republic of Indonesia of 2007

Number 106, Supplement to the State Gazette of the

Republic of Indonesia Number 4756);

5. Law Number 20 of 2008 on Micro, Small, and Medium

Enterprises (State Gazette of the Republic of Indonesia of

2008 Number 93, Supplement to the State Gazette of the

Republic of Indonesia Number 4866);

6. Law Number 17 of 2012 on Cooperatives Affairs (State

Gazette of the Republic of Indonesia of 2012 Number 212,

Supplement to the State Gazette of the Republic of

Indonesia Number 5355);

7. Government ...

- 3 -

7. Government Regulation Number 17 of 2013 on

Implementation of Law Number 20 of 2008 on Micro,

Small, and Medium Enterprises (State Gazette of the

Republic of Indonesia of 2013 Number 40, Supplement to

the State Gazette of the Republic of Indonesia Number

5404);

8. Presidential Regulation Number 76 of 2007 on Criteria

and Conditions for Setting Up Business Fields Closed and

Business Fields Open, with Conditions, to Investment;

9. Presidential Regulation Number 27 of 2009 on One Stop

Services of Investment;

DECIDES:

To stipulate: PRESIDENTIAL REGULATION ON LIST OF BUSINESS

FIELDS CLOSED TO INVESTMENT AND BUSINESS FIELDS

OPEN, WITH CONDITIONS, TO INVESTMENT;

Article 1

(1) Closed business fields are certain business fields that are

prohibited from conducting any investment activities.

(2) The list of closed business fields as referred to in

paragraph (1) are as set out in Appendix I of this

Presidential Regulation.

Article 2...

- 4 -

Article 2

(1) Business fields open, with conditions, are certain

business fields that may conduct investment activities

under certain conditions, that is, licensed businesses

reserved for Micro, Small and Medium Enterprises and

Cooperatives, licensed businesses requiring

establishment under a partnership, licensed businesses

requiring certain capital ownership, licensed businesses

requiring a certain location, and licensed businesses

requiring special permits.

(2) The list of business fields open, with conditions, as

referred to in paragraph (1) shall be as set out in

Appendix II of this Presidential Regulation.

Article 3

Business fields not contained in Appendices I and II as

referred to in Article 2 are declared open without

conditions for investment.

Article 4

(1) Investment in business fields open, with conditions, as

referred to in Article 2 must meet conditions of location

as provided herein and meet regulations applicable in

spatial and environment sectors.

(2) In ...

- 5 -

(2) In the case of locations of business for an investment

license as referred to in paragraph (1) it has been

determined that the investor is willing to extend his

business by engaging in the same business activities

outside the location determined in the investment license,

then the investment shall meet the conditions of location

as referred to in paragraph (1).

(3) In order to meet the requirements of loction as referred to

in paragraph (2), investors are not obliged to establish

new business entities or obtain new business licenses,

except where otherwise stipulated by Law.

Article 5

Provisions as referred to in Articles 1 and 2 shall not be

applicable for non-direct investment, or whose portfolio

transaction is made through a domestic capital market.

Article 6

In the event that a change occurs to the capital ownership

resulting from a merger, acquisition, or amalgamation of a

company engaged in the same business field, the following

requirements shall apply:

a. A limitation of capital ownership from a foreign

investment in the merging company shall be as set out in

the approval letter of the company.

b. A limitation …

- 6 -

b. A limitation of capital ownership from a foreign

investment in the acquiring company shall be as set out

in the approval letter of the company.

c. A limitation of capital ownership from a foreign

investment in a new company resulting from an

amalgamation shall be in compliance with the provisions

applied when the new company was formed from that

amalgamation.

Article 7

(1) In the event that foreign investor expands business

activity in the same business fields and the business

activity expansion needs capital increase through issue of

shares with rights issue, and domestic investors cannot

participate in the capital increase, then the provisions on

right issue shall apply to the foreign investor, according

to the prevailing legislation on limited liability company.

(2) In the event additional capital, as referred to in

paragraph (1) results in total ownership of foreign capital

to exceed the maximum limit set out in the Approval

Letter, then within a period of two (2) years, the exceeding

total ownership of foreign capital investment may be

adjusted from the minimum limit included in the

approval letter, by means of:

a. the foreign …

- 7 -

a. the foreign investor sells the excess of shares in good will

to domestic investor;

b. the foreign investor sells the excess of shares through a

generaltender conducted by a company whose shares are

owned by the foreign investor in a domestic capital market;

c. the company, as referred to in paragraph (2) subparagraph

b, purchases the excess shares owned by the

foreign investor and treats the shares as treasury stocks,

subject to Article 37 of Law Number 40 of 2007 on Limited

Liability Company.

Article 8

Provisions of this Presidential Regulation shall not pressure

the obligation of an investor to comply with terms and

conditions in conducting business activities issued by:

a. Ministry/ Non-Ministry Governmental Institutions which

are technically authorized as to the scope of the

investment; and

b. Regional Governments.

Article 9 …

- 8 -

Article 9

Provisions as referred to in Articles 1 and 2 herein shall not

be applicable for an investment approved in certain sectors

prior to the stipulation of this Presidential Regulation as

included in the Approval Letter, except if such provisions are

more beneficial to the referred investment.

Article 10

When this Presidential Regulation comes into effect,

implementing regulation of Presidential Regulation Number

36 of 2010 on List of Business Fields Closed to Investment

and Business Fields Open, with Conditions, to Investment

shall remain applicable to the extent that it is not

contradictory and has not been regulated with a new

implementing regulation based on this Presidential

Regulation.

Article 11

With the enforcement of this Presidential Regulation,

Presidential Regulation Number 36 of 2010 on List of

Business Fields Closed to Investment and Business Fields

Open, with Conditions, to Investment shall be revoked and

declared as no longer applicable.

Article 12

This Regulation shall come into force as of the stipulation

date.

For …

- 9 -

For the public cognizance, it is instructed to promulgate this

Presidential Regulation by placing the same in the State Gazette

of the Republic of Indonesia.

Stipulated in Jakarta

On April 23, 2014

PRESIDENT OF THE REPUBLIC OF

INDONESIA,

[signed]

DR. H. SUSILO BAMBANG YUDHOYONO

Promulgated in Jakarta

On April 24, 2014

MINISTER OF LAW AND HUMAN RIGHTS OF

THE REPUBLIC OF INDONESIA,

[signed]

AMIR SYAMSUDIN

This copy conforms to the original hereof

SECRETARIAT OF CABINET

OF THE REPUBLIC OF

INDONESIA

Deputy for Economic Sector

[signed]

Ratih Nurdiati

LIST OF APPENDICES

REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA

NUMBER 39 OF 2014

NO. APPENDIX TITLE PAGE

1. APPENDIX I List of Business Fields Closed to Investment 1

2. APPENDIX II List of Business Fields Open, with Conditions, to Investment

1. Agriculture Sector

2. Forestry Sector 20

3. Maritime and Fishery Sector 25

4. Energy and Mineral Resources 29

5. Industrial Sector 34

6. Defense and Security Sector 45

7. Public Works Sector 47

8. Trading Sector 59

9. Tourism and Creative Economy Sector 66

10. Transportation Sector 74

11. Communication and Informatics Sector 82

12. Financial Sector 87

13. Banking Sector 89

14. Manpower and Transmigration Sector 92

15. Education and Culture Sector 95

16. Health Sector 98

- 1 -

APPENDIX I

REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA

NUMBER : 39 of 2014

DATE : 23 April 2014

LIST OF BUSINESS FIELDS CLOSED TO INVESTMENT

NO. SECTOR BUSINESS FIELDS KBLI

1. Agricultural Cultivation of marijuana (Cannabis sativa); 01289

2. Forestry 1. Capturing of fish species contained in Appendix I to Convention on International Trade in Endangered

Species of Wild Fauna and Flora (CITES);

01701

2. The use (removal) of coral/atoll from nature for construction material/lime/calcium and

souvenir/jewelry, also live or dead coral (recent dead coral) from nature.

03119

3. Industry 1. Chemical Material Industry that can damage the environment:

- Mercury processed Chlorine Alkali Maker Industry

- Manufacture of Pesticide Active Ingredients: Dichloro Diphenyl Trichloroethane (DDT), Aldrin,

Endrin, Dieldrin, Chlordane, Heptachlor, Mirex, and Toxaphene

- Chemical Material Industry: Polychlorinated Biphenyl (PCB), Hexachlorobenzene

- Manufacture of Ozone Depleting Substances (ODS): Carbon Tetrachloride (CTC), Methyl

Chloroform, Methyl Bromide, Trichloro Fluoro Methane (CFC-11), Dichloro Trifluoro Ethane (CFC-

12), Trichloro Trifluoro Ethane(CFC-113), Dichloro Tetra Fluoro Ethane (CFC-114), 'Chloro

Pentafluoro Ethane (CFC-115), Chloro Trifluoro Methane (CFC-13), Tetrachloro Difluoro Ethane

(CFC-112), Pentachloro Fluoro Ethane (CFC-111), Chloro Heptafluoro Propane (CFC-217), Dichloro

Hexafluoro Propane (CFC-216), Trichloro Pentafluoro Propane (CFC-215), Tetrachloro Tetrafluoro

Propane (CFC-214), Pentachloro Trifluoro Propane (CFC-213), Hexachloro Difluoro Propane (CFC-

211), Bromo Chloro Difluoro Methane (Halon-1211), Bromo Trifluoro Methane (Halon-1301),

Dibromo Tetrafluoro Ethane (Halon-2402), R-500, R-502.

20111

20211

20119

- 2 -

NO. SECTOR BUSINESS FIELDS KBLI

2. Chemical Material Industry Schedule 1 Chemical Weapon Convention as contained in Appendix I of

Law Number 9 of 2008 regarding Chemical Material Use as Chemical Weapon

3. Alcohol Beverage Industry:

- Liquor

- Wine

- Malt Containing Beverages

20119

11010

11020

11030

4. Transportation 1. Provision and Operation of Terminals for Land Transportation Passengers 52211

2. Provision and Operation of Motor Vehicle Weighing 52219

3. Telecommunication/ Supporting Facility of Shipping Navigation and Vessel Traffic Information System

(VTIS)

52221

4. Provision of Flight Navigation Services 52230

5. Provision of Motor Vehicle Type Tests 71203

5. Communication and

Informatics

Management and Implementation of Radio Frequency and Satellite Orbit Spectrum Monitoring Stations 61300

6. Education and culture 1. Public museums 91021

2. Historical and Ancient Heritage (temple, castle, epigraphy, remains, ancient buildings, etc) 91023

7. Tourism and creative

economy

3. Gambling/casinos 92000

Notes...

- 3 -

Notes:

1. Business Fields Closed to Investment can be used for non-commercial purposes such as: research and development, and may obtain approval from

institutions which are responsible for developing business fields.

2. In the event that the Indonesia Standard Classification of Business Field (KBLI) includes more than one business field, then provisions as referred to in

Appendix I are only applicable to the business fields stated in the column of business fields.

PRESIDENT OF THE REPUBLIC OF INDONESIA,

[signed]

DR. H. SUSILO BAMBANG YUDHOYONO

This copy conforms to its original

SECRETARIAT OF CABINET OF THE REPUBLIC OF

INDONESIA

Deputy for Economic Sector,

[signed]

Ratih Nurdiati

- 4 -

APPENDIX II

REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA

NUMBER : 39 of 2014

DATE : 23 April 2014

LIST OF BUSINESS FIELDS OPEN, WITH CONDITIONS, TO INVESTMENT

1. Agriculture Sector

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

1. Main crop plant seeding business, in

an area of more than 25 Ha:

- - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister

of Agriculture

a. Reserved for

Micro, Small,

Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license

and foreign

capital ownership

- Rice Plant 01120

- Corn 01111

- Soybean 01113

- Peanut 01114

- Green bean 01115

- Other food plants (cassava and

sweet potato)

01135

2. Main crop plant cultivation business,

in an area of less than 25 Ha:

√ - - - - - - - - - - - -

- Rice …

- 5 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Rice Plant 01120 i. 100% local

capital and

special license

j. Foreign capital

ownership

requirement

and/or location

for investor from

ASEAN countries.

- Corn 01111

- Soybean 01113

- Peanut 01114

- Green bean 01115

- Other food plants (cassava and

sweet potato)

01135

3. Main crop plant cultivation business,

in an area of more than 25 Ha:

- - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister

of Agriculture

- Rice Plant 01120

- Corn 01111

- Soy 01113

- Peanut 01114

- Green bean 01115

- Other food plants (cassava and

sweet potato)

01135

4. Plantation seeding business, in an

area of less than 25 Ha:

√ - - - - - - - - - - - -

- Jatropha Curcas Plant 01118

- Other …

- 6 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- - Other sweetening plants 01137

- Sugarcane plant 01140

- Tobacco plant 01150

- Textile Raw Material and Cotton

plants

01160

- Other crop plants that are not

classified in other locations

01299

- Cashew plant 01252

- Coconut plant 01261

- Oil palm plant 01262

- Plants for beverage material (tea,

coffee, and cacao)

01270

- Peppercorn plant 01281

- Clove plant 01282

- Essential oil plant 01284

- Medical/pharmaceutical material

plant (other than horticulture

plants)

01285

01286

01289

- Other spice crop plants 01289

- Rubber and Other Latex Producing

plants

01291

5. Plantation …

- 7 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

5. Plantation seeding business, in an

area of 25 Ha or more:

- - - - - - - √ - - Maximum

95%

- Recommendation

from the Minister

of Agriculture

- Jatropha curcas plant 01118

- Other sweetening plants 01137

- Sugarcane plant 01140

- Tobacco plant 01150

- Textile Raw Material and cotton

plants

01160

- Cashew plant 01252

- Coconut plant 01261

- Oil Palm plant 01262

- Plants for beverage material (tea,

coffee, and cacao)

01270

- Peppercorn plant 01281

- Clove plant 01282

- Essential oil plant 01284

- Medical/pharmaceutical material

plant (other than horticulture

plants)

01285

01286

01289

- Other …

- 8 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Other spice crop plants 01289

- Rubber and Other Latex Producing

plants

01291

- Other crop plants that are not

classified in other locations

01299

6. Plantation business, in an area of

less than 25 Ha:

√ - - - - - - - - - - - -

- Other sweetening plantations 01137

- Sugarcane plantation 01140

- Tobacco plantation 01150

- Textile Raw material and cotton

plantations

01160

- Cashew plantation 01252

- Coconut plantation 01261

- Oil Palm plantation 01262

- Plantation for beverage material

(tea, coffee, and cacao)

01270

- Peppercorn plantation 01281

- Clove plantation 01282

- Essential oil plantation 01284

- Medical …

- 9 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Medical/ pharmaceutical material

plantation (other than horticulture

plants)

01285

01286

01289

- Other spice crop plantations 01289

- Rubber and other latex producing

plants

01291

- Other plantations 01299

7. Plantation business in an area of 25

Ha or more until a certain area

without a processing unit, according

to the prevailing legislation:

- - - - - - - √ - - Maximum

95%

- Recommendation

from the Minister

of Agriculture

- Jatropha curcas plantation 01118

- Other sweetening plantation 01137

- Sugarcane plantation 01140

- Tobacco plantation 01150

- Textile raw material and cotton

plants

01160

- Other plantations that are not

classified in other locations

01299

- Cashew plantation 01252

- Coconut …

- 10 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Coconut plantation 01261

- Oil Palm plantation 01262

- Crop plantation for beverage

material (tea, coffee, and cacao)

01270

- Peppercorn plantation 01281

- Clove plantation 01282

- Essential oil crop plantation 01284

- Medical/ pharmaceutical material

plantation

01285

01286

- Other spice crop plantations 01289

- Rubber and other latex producing

plantations

01291

8. Plantation business in an area of 25

Ha or more, integrated to the

processing unit by the same or

exceeding a certain capacity,

according to the prevailing

legislation:

- - - - - - - √ - - Maximum

95%

- Recommendation

from the Minister

of Agriculture

- Cashew Plantation and dry cashew

seed industry and Cashew Nut

Shell Liquid (CNSL)

01252

10614

- Peppercorn…

- 11 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Peppercorn plantation and dry

white peppercorn and dry black

peppercorn industry

01281

10614

- Jatropha Plantation and

Jatropha curcas oil industry

01118

20294

- Sugar Cane Plantation and Sugar

Industry, Sugar Cane, and Sugar

Cane Residue

01140

10721

- Tobacco Plantation and Dry

Tobacco Leaf Industry

01150

12091

- Cotton Plantation and Cotton

Fiber Industry

01160

- Coconut Plantation and Coconut

Oil Industry

01261

10423

- Coconut Plantation and Copra,

Fiber, Coconut Charcoal, Dust,

Nata De Coco Industry

01261

10421

10773

- Oil palm plantation and Crude

Palm Oil (CPO) industry

01262

10432

- Coffee plantation and coffee

peeling, cleaning, and sorting

industry

01270

10612

- Cacao plantation and Cacao

peeling, cleaning, and drying

industry

01270

10613

- Tea …

- 12 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Tea plantation, and black/green

tea industry

01270

10761

- Clove plantation and dry clove

flower industry

01282

- Essential oil crop plantation and

essential oil industry

01284

20294

- Rubber plantation and Sheet,

thick latex industry

01291

22121

22122

- Seed based plantation and

peeling and cleaning industry for

seeds other than coffee and

cacao

10614

9. Plantation Product Processing

Business Industry below certain

capacity, according to the prevailing

legislation:

√ - - - - - - - - - - - -

- Dry clove flower industry 01630

- Crude oil industry (edible oil)

from vegetable and animal

10411

- Copra, fiber, coconut charcoal,

dust, Nata de Coco industry

10421

- Coconut oil industry 10422

- Palm …

- 13 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Palm oil industry 10431

- Cotton fiber industry 01630

- Cotton seed industry 10490

- Coffee peeling, cleaning, and

sorting industry

10612

- Cacao peeling, cleaning, and

sorting industry

10613

- Seeds other than coffee and cacao

peeling and cleaning industry

10614

- Cashew to be dry seed cashew and

Cashew Nut Shell Liquid (CNSL)

Industry

10614

- Peppercorn to be dry white

peppercorn and dry black

peppercorn industry

10614

- Sugar, sugarcane and sugarcane

residue industry

10721

- Black/green tea industry 10761

- Dry tobacco leaf industry (Krosok) 12091

- Rubber to be sheet, thick latex

industry

22121

22122

- Castor oil industry 20294

10. Plantation…

- 14 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

10. Plantation product processing

industry, with the same or exceeding

a certain capacity, according to the

prevailing legislation:

- - - - - - - √ - - Maximum

95%

- Recommendation

from the Minister

of Agriculture

- Crude industry (edible oil) from

vegetable and animal

10411

- Copra, fiber, coconut shell

charcoal, dust, Nata de Coco

industry

10421

- Coconut oil industry 10423

- Palm oil industry 10432

- Coffee peeling, cleaning, and

sorting industry

10612

- Cacao peeling, cleaning, and

sorting industry

10613

- Seeds other than coffee and cacao

peeling and cleaning Industry

10614

- Sugar, sugarcane, and sugarcane

residue industry

10721

- Black/green tea industry 10761

- Dry tobacco leaf industry (Krosok) 12091

- Castor …

- 15 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Castor oil industry 20294

Cotton fiber and seed industry 01630

10490

- Rubber to be sheet, thick latex

industry

22121

22122

- Cashew to be dry shell cashew nut

and Cashew Nut Shell Liquid

(CNSL) industry

10614

- Peppercorn to be dry white

peppercorn and dry black

peppercorn industry

10614

- Dry clove flower industry 01630

11. Horticulture seeding: - - √ - - - - - - - Maximum

30%

- One-season fruit plant seeding 01139

- Grape seeding 01210

- Tropical fruit seeding 01220

- Orange seeding 01230

- Pome and Stone Fruit seeding 01240

- Berries fruit seeding 01251

- One-season …

- 16 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- One-season vegetable plant seeding 01139

- Annual vegetable plant seeding 01253

- Medical plant seeding 01285

01286

- Mushroom seeding 01139

- Floriculture plant seeding 01194

01302

12. Horticulture cultivation: - - √ - - - - - - - Maximum

30%

- -

- One-season fruit plant cultivation 01132

- Grape cultivation 01210

- Tropical fruit cultivation 01220

- Orange cultivation 01230

- Pomes and Stone Fruit cultivation 01240

- Berries cultivation 01251

- Leaf vegetable cultivation (such as:

cabbage, mustard green, leek,

celery)

01131

- Tuberous …

- 17 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

- Tuberous vegetable cultivation

(among others: onion, garlic,

potato, carrot)

01134

- Fruit vegetable cultivation (such

as: tomato, cucumber)

01133

- Chili, bell pepper cultivation 01283

- Mushroom cultivation 01136

- Ornamental plant cultivation 01193

- Non-flower ornamental plant

cultivation

01301

13. Horticulture processing industry: - - √ - - - - - - - Maximum

30%

- Post-harvest fruit and vegetable

business

10311

10320

10313

10314

10330

14. Horticulture research and quality

control laboratory business

72102 - - √ - - - - - - - Maximum

30%

15. Horticulture agro tourism business 93231 - - √ - - - - - - - Maximum

30%

16. Other …

- 18 -

No. Business Fields KBLI Conditions Details of Conditions Remarks

a b c d e f g h i j c d e

16. Other horticulture service

businesses:

- - √ - - - - - - - Maximum

30%

- Post-harvest service business 01630

- Flower arranging/florist/decorator

business

47761

- Horticulture development

consultant

70209

- Landscaping 43305

71100

81300

- Horticulture course service 85499

17. Technology and engineering

research and development:

72102 - - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister

of Agriculture

- Agriculture genetic resources

- GMO (genetic engineering) product

18. Pig Breeding and Farming:

- Quantity less than or equal to 125 01450 √ - - - - - - - - - - - -

- Quantity more than 125 01450 - - - √ - - - - - - - Does not

contradict

with Local

Regulation

19. Free-range chicken and its cross

breeding and farming

01463 √ - - - - - - - - - - - -

Notes …

- 19 -

Notes:

1. √ = Following the column requirement

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields

3. Micro, small, and medium-scale businesses, and cooperatives (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprises, and Law No. 17 of 2012 regarding Cooperatives.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

2. Forestry …

- 20 -

2. Forestry Sector

No. Business Fields KBLI

Conditions Details of Conditions

Remarks

a b c d e f g h i j c d e

1. Catching and Propagating Plant and

Wildlife (TSL) from Natural Habitat

except reptiles (snake, lizard, turtle,

soft-shell turtle and crocodile)

01701 √ - - - - - - - - - - - - a. Reserved for Micro,

Small, Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

2. Other Forest Plantation Businesses

(Sugar Palm, Pecan, Tamarind Seed,

Charcoal Raw Material, Cinnamon)

02119 √ - - - - - - - - - - - -

3. Primary industry for non-timber

forest product processing:

√ - - - - - - - - - - - -

- Pine sap 02303

- Bamboo 02308

4. Swallow’s Nest business in Nature 01469 √ - - - - - - - - - - - -

5. Sawmill Industry (production

capacity up to 2000M3/year)

16101 √ - - - - - - - - - - - -

6. Rattan processing primary industry 16104 √ - - - - - - - - - - - -

7. Rattan…

- 21 -

No. Business Fields KBLI

Conditions Details of Conditions

Remarks

a b c d e f g h i j c d e

7. Rattan business 02131 - √ - - - - - - - - - - - j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

countries.

8. Pine Sap business 02132 - √ - - - - - - - - - - -

9. Bamboo business 02134 - √ - - - - - - - - - - -

10. Resin business 02135 - √ - - - - - - - - - - -

11. Eaglewood business 02136 - √ - - - - - - - - - - -

12. Shellac, alternative crop plant (sago),

latex, and bee businesses

02139 - √ - - - - - - - - - - -

13. Silkworm cocoon/chrysalis business

(natural silk)

02305 - √ - - - - - - - - - - -

14. Hunting in Hunting Parks and

Blocks Business

01701

93229

- - √ - - - - - - - Maximum

49%

- -

15. Wildlife and plant breeding and coral

breeding/cultivation outside the

conservation area

01702

02209

- - √ - - - - - - - Maximum

49%

- -

16. Nature Tourism Business such as

Facility, Activity and Ecotourism

Business in Forest Areas:

- - √ - - - - - - - Maximum

51%

- -

Water tourism 93241

93242

93243

93249

- Nature …

- 22 -

No. Business Fields KBLI

Conditions Details of Conditions

Remarks

a b c d e f g h i j c d e

- Nature adventure tourism 93223

- Cave tourism 93222

- Other interest tourism 93229

17. Catching and Propagating Plants and

Wildlife (TSL) from Natural Habitats

except reptiles (snake, lizard, turtle,

soft shell turtle and crocodile)

01701 - - - - √ - - - - - - - Recommendation

from the Minister

of Forestry

18. Development of technology

utilization on plant and wildlife

genetics

02409 - - - - √ - - - - - - - Statement on

partnership with

accredited

institution/

laboratory in

Indonesia/

national

institution in

research and

development area

appointed by the

Minister of

Forestry

19. Usage (taking) and distribution of: - - - - √ - - - - - - - Recommendation

from the Minister

of Forestry

- Coral/decorative coral from the

nature for aquarium *)

03119

46206

- Coral/recent death coral from

transplantation/propagation

results

03119

46206

20. Timber…

- 23

No. Business Fields KBLI

Conditions Details of Conditions

Remarks

20. Timber industry

√

- Recommendation

of continued raw

material suppl

from the Ministry

of Forestry,

according to the

Government

Regulation No. 6

of 2007 and/or

its amendment

- Sawmill with production capacity

above 2,000 M3/year

16101

- Veneer industry 16214 - Plywood industry 16211 - Laminated veneer lumber (LVL)

industry

16212

- Wood chip industry 16299 - Wood pellet industry 16295

21. Timber forest product exploitation

business in natural forest

02120

√

22. Supplying and distributing forest

plant’s seed and seedling (forest

plant’s seed and seedling export and

import)

02139

√

23. Utilization of water environment

services business in forest area

02209

√

Notes …

- 24 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, small, and medium-scale, and cooperative (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the criteria as

referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprise, and Law No. 17 of 2012 regarding Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in

the columns.

5. *) = Stated also in maritime and fishery sector

3. Maritime …

- 25 -

3. Maritime and Fishery Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Catch fishery using fishing ship

sized up to 30 GT, in water territory

up to 12 miles

03111 √ - - - - - - - - - - - - a. Reserved for Micro,

Small, Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license and

foreign capital

ownership.

i. 100% local capital

and special license

2. Fishery product processing business

conducted in an integrated manner

by fish catching in public water

03121

03122

√ - - - - - - - - - - - -

3. Fish rearing: - √ - - - - - - - - - - -

- Marine fish 03211

- Brackish water fish 03251

- Fresh water fish 03221

4. Fish hatchery: - √ - - - - - - - - - - -

- marine fish 03213

- Brackish water fish 03252

- Fresh water fish 03236

5. Fishery product processing

business (UPI)

- √ - - - - - - - - - - -

- Fish…

- 26 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Fish and other water biota salting/

drying industry

10211 j. Foreign capital

ownership

requirement

and/or location for

investor from

ASEAN countries.

- Fish and other water biota smoking

industry

10212

6. Fishery product processing (UPI)

business; fermentation, reduction/

chemical process, surimi and jelly

fish processing business

10219 - √ - - - - - - - - - - -

7. Marketing, distribution, wholesale

business, and fish product export

business

46206 - √ - - - - - - - - - - -

8. - Catch fishery using fishing ship

sized 100 GT and/or more in ZEEI

catching territory

03111 - - - - √ - - - - - - - Further terms

and conditions

are regulated by

the Minister of

Maritime and

Fishery

- Catch fishery using fishing ship

sized 100 GT and/or more in open

sea catching area

03111 - - - - √ - - - - - - - Further terms

and conditions

are regulated by

the Minister of

Maritime and

Fishery

- Fishery …

- 27 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Fishery catching business using

fishing ship more than 30 GT in

size, in water area more than 12

miles

03111 - - - - - √ - - - - - - -

9. Usage (Taking) and distribution of

coral/ decorative coral from nature

for aquarium*)

03119

46206

- - - - √ - - - - - - - Recommendation

from the Minister

of Maritime and

Fishery

10. Lifting of valuable items from a

Sunken ship’s cargo

52229 - - - - √ - - - - - - - According to the

legislation on

Lifting and

utilizing of

valuable items

from a Sunken

ship’s cargo

11. Sea sand extraction 08104 - - - - - √ - - - - - - -

Notes …

- 28 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, small, and medium-scale, and cooperative (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the criteria as

referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprise, and Law No. 17 of 2012 regarding Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in

the columns.

5. *) = Stated also in Forestry sector

4. Energy …

- 29 -

4. Energy and Mineral Resources Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Oil and gas construction services: a. Reserved for Micro,

Small, Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license and

foreign capital

ownership.

i. 100% local capital

and special license

- Platform 09100 - - √ - - - - - - - Maximum

75%

- -

- Spherical tank 09100 - - √ - - - - - - - Maximum

49%

- -

- Onshore oil and gas upstream

production installation

09100 - - - - - √ - - - - - - -

- Onshore pipeline installation 42219 - - - - - √ - - - - - - -

- Offshore pipeline installation 42219 - - √ - - - - - - - Maximum

49%

- -

- Horizontal/vertical tank 42914 - - - - - √ - - - - - - -

- Onshore oil and gas storage and

marketing installation

42914 - - - - - √ - - - - - - -

2. Survey services:

- Oil and gas 71100 - - √ - - - - - - - Maximum

49%

- -

- Geology …

- 30 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Geology and geophysics 71100 - - √ - - - - - - - Maximum

49%

- - j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

countries.

- Geothermal 71100 - - √ - - - - - - - Maximum

95%

- -

3. Drilling services:

- Onshore Oil and gas 09100 - - - - - √ - - - - - - -

- Offshore Oil and gas 09100 - - √ - - - - - - - Maximum

75%

- -

- Geothermal 09900 - - √ - - - - - - - Maximum

95%

- -

4. Oil and gas supporting services:

- Well operation and maintenance

service

09100 - - - - - √ - - - - - - -

- Oil and gas design and

engineering service

71100 - - - - - √ - - - - - - -

- Technical inspection service 71204 - - - - - √ - - - - - - -

5. Geothermal operation and

maintenance service

09900 - - √ - - - - - - - Maximum

90%

- -

6. Power plant: 35101

- Power plant < 1MW - - - - - √ - - - - - - -

- Small-scale power plant (1 – 10

MW)

- - √ - - - - - - - Maximum

49%

- -

- Power …

- 31 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Power plant > 10 MW - - √ - - - - - - - Maximum

95%

(Maximum

100% for the

purpose of

Public

Private

Partnership/

- -

KPS during

concession

period)

7. Power Plant Transmission 35102 - - √ - - - - - - - Maximum

95%

(Maximum

100% for the

purpose of

KPS during

concession

period)

- -

8. Electricity...

- 32 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

8. Electricity Distribution 35103 - - √ - - - - - - - Maximum

95%

(Maximum

100%

- -

for the

purpose of

KPS during

concession

period)

9. Electricity installation consultation

service

71100 - - √ - - - - - - - Maximum

95%

- -

10. Biomass pellet producing industry for

energy

16295 - √ - - - - - - - - - - -

11. Construction and Installation of

electric power:

- - -

- Installation of electric power

provider

42213 - - √ - - - - - - - Maximum

95%

- -

- Installation of electric Power

utilization

43211 - - - - - √ - - - - - - -

12. Electric power installation operation

and maintenance

43211 - - √ - - - - - - - Maximum

95%

- -

13. Electric Power installation

examination and testing

71204 - - - - - √ - - - - - - -

Notes …

- 33 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, small, and medium-scale, and cooperative (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the criteria as

referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprise, and Law No. 17 of 2012 regarding Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in

the columns.

5. Industrial …

- 34 -

5. Industrial Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. - Salting/drying fish and other water

biota industry

10211 √ - - - - - - - - - - - - a. Reserved for Micro,

Small, Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license and

foreign capital

ownership.

i. 100% local capital

and special license

- Smoked fish industry 10214 √ - - - - - - - - - - - -

2. Processed food industry from seeds

and roots, sago, Gnetum gnemon

nut

√ - - - - - - - - - - - -

- Soybean cake (tempe) industry 10391

- Soybean tofu industry 10392

- Cake industry 10792

- Industry of food from soybean and

legumes, other than soya sauce,

tempe, and tofu

10793

- Industry of crakers, chips, peanut

craker (peyek), and the like

10794

3. Palm sugar industry 10722 √ - - - - - - - - - - - -

4. Roots peeling and cleaning industry 10616 √ - - - - - - - - - - - -

5. Thread …

- 35 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

5. Thread coloring from natural and

artificial fiber to be

patterned/dipped/tied thread,

performed by hand work tools

13122 √ - - - - - - - - - - - - j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

countries

6. Cloth printing industry especially

Batik and traditional patterns

13133 √ - - - - - - - - - - - -

7. Hand painted batik industry 13134 √ - - - - - - - - - - - -

8. Knitted cloth industry especially

Lace

13911 √ - - - - - - - - - - - -

9. Handicraft industries: √ - - - - - - - - - - - -

- Embroidery industry 13912

- Rattan and bamboo plait industry 16291

- Plant plait other than rattan and

bamboo industry

16292

- Carving handy craft industry from

wood except furniture industry

16293

- Kitchen household industry from

wood, rattan and bamboo

16294

- Traditional musical instruments 32201

- Wood, rattan, and cork industry

that are not classified in other

locations

16299

10. Moslem …

- 36 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

10. Moslem woman’s praying cloth,

scarf, head scarf, and other

traditional industries

14111 √ - - - - - - - - - - - -

11. Rubber curing industry 22121 √ - - - - - - - - - - - -

12. Clay made household necessities

industry especially pottery

23932 √ - - - - - - - - - - - -

13. Hand tools industry: √ - - - - - - - - - - - -

- For farming to prepare land,

process production, post harvest

and processing except hoe and

shovel

25931

- Manual or semi mechanical

processed hand tools industry for

handwork and cutting

25932

25933

25934

14. - Motorcycle Maintenance and

Repairing Industry except the one

integrated to motorcycle sales

business (agent/distributor)

45407 √ - - - - - - - - - - - -

- Personal and household necessities

reparation industry

95220

95230

95240

95290

√ - - - - - - - - - - - -

15. Processed food industry: - √ - - - - - - - - - - -

- Copra …

- 37 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Copra industry 10421

- Fruits and vegetables asinan

industry

10311

- Soya sauce industry 10771

16. Milk powder process and condensed

milk industry

10510 - √ - - - - - - - - - - -

17. Printed batik industry 13134 - √ - - - - - - - - - - -

18. - Rattan processing industry 16104 - √ - - - - - - - - - - -

- Rattan, bamboo and the like,

preserving industry

16103 - √ - - - - - - - - - - -

19. Wooden goods Industry (moulding

and construction material

components industry)

16221 - √ - - - - - - - - - - -

20. Essential oil industry 20294 - √ - - - - - - - - - - -

21. Tobacco drying and processing

industry

12091 - √ - - - - - - - - - - -

22. Construction material made from

clay industry, goods made from lime

industry, and goods made from

cement industry:

- √ - - - - - - - - - - -

- Brick and clay/ceramic industry 23921

- Other goods made of clay/ceramic

industry

23939

- Lime …

- 38 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Lime industry 23942

- Goods made from cement industry 23951

- Goods made from lime industry 23952

- Other goods made from cement

and lime industry

23959

23. - Nail, nut, and bolt industry 25952 - √ - - - - - - - - - - -

- component and spare parts to start

up motor industry

28113 - √ - - - - - - - - - - -

- pump and compressor industry 28120 - √ - - - - - - - - - - -

- components and two and three

wheels vehicles accessories

industry

30912 - √ - - - - - - - - - - -

- Bike and pedicab (becak) industry 30922 - √ - - - - - - - - - - -

24. Agricultural machinery industry

using medium technology such as

rice peeler, corn peeler and hand

tractor

28210 - √ - - - - - - - - - - -

25. - Wooden ship industry 30111 - √ - - - - - - - - - - -

- Wooden ship tools and equipments

industry

30113 - √ - - - - - - - - - - -

for maritime tourism and for fish

catching

26. Jewelry …

- 39 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

26. Jewelry industry: - √ - - - - - - - - - - -

- Made of gold, valuable goods

jewelry for personal use industry

32112

- Made of gold, valuable jewelry

goods not for personal use

industry

32113

- Jewelry goods not for personal

use and not made of gold

industry

32120

- Gem stone industry 32111

- Handicraft industry that is not

classified in other locations

32903

27. Non-metal recycle goods 38302 - √ - - - - - - - - - - -

28. Car maintenance and repair 45201 - - √ - - - - - - - Maximum

49%

- -

29. Cigarette industry: - - - - √ - - - - - - - Recommendation

from the Minister of

Industry:

- Clove …

- 40 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Clove cigarette industry 12011 1) For business

expansion, it is

only cigarette

industry that

already has

Industrial

Business License

(IUI) in similar

business fields; or

- Regular cigarette industry 12012

- Other cigarette industries 12019

2) For new

investment, only

small and

medium-scale

cigarette industry

that partners with

large-scale

cigarette industry

that already has

Industrial

Business License

(IUI) in similar

business fields

30. Pulp …

- 41 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

30. Pulp industry (from wood) 17011 - - - - √ - - - - - - - Raw materials from

Industrial Forest

Plant (HTI) or from

imported chip, if

domestic raw

material is

insufficient

31. Valuable paper industry (among

others: Bank Notes Paper, Cheque

Paper, Watermark Paper)

17013 - - - - √ - - - - - - - 1) Operational

license from

BOTASUPAL/BIN;

and

2) Recommendation

from the Ministry

of Industry

Money printing industry and specific

printing/security document printing

industry (among others: stamp,

stamp duty, securities bond,

passport, demography document,

and holograms)

18112 - - - - √ - - - - - - -

32. Cyclamate…

- 42 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

32. Cyclamate and saccharin industry 20119 - - - - √ - - - - - - - According to the

requirement

stipulated by BPOM

and Ministry of

Trade

33. Special ink industry 20293 - - - - √ - - - - - - - 1) Operational

license from

BOTASUPAL/BIN;

and

2) Recommendation

from the Ministry

of Industry

34. Lead smelting industry 24202 - - - - √ - - - - - - - Recommendation

from the Ministry of

Environment and

Ministry of Industry

especially for

industry using used

accu

35. Sugar …

- 43 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

35. Sugar Industry (white crystal sugar,

refined crystal sugar and raw crystal

sugar)

10721 - - - - - - - √ - - Maximum

95%

- Establishment and

expansion of sugar

factory required to

establish first own

sugarcane

plantation

according to the

prevailing legislation

36. Crumb Rubber industry 22123 - - - - - - - - √ - - - 1) Recommendation

on availability of

raw materials

from the Ministry

of Agriculture

2) Not …

- 44 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

2) Not allowed to

change the

company’s capital

ownership into

foreign

investment (PMA)

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, small, and medium-scale, and cooperative (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the criteria as

referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprise, and Law No. 17 of 2012 regarding Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in

the columns.

6. Defense …

- 45 -

6. Defense and Security Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Raw materials industry for

explosives

20114 - - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister

of Defense

a. Reserved for Micro,

Small, Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license and

foreign capital

ownership.

i. 100% local capital

and special license

2. Explosives and its components

industry

20292 - - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister

of Defense

3. Weapon, ammunition, explosive

device, and war equipment

production

25200

25934

30300

30400

- - - - - - - - √ - - - Recommendation

from the Minister

of Defense

4. Security service: - - - - - - - √ - - Maximum

49%

- Operational

license from the

National Police

Headquarters

- Security consultation 74909

- Security guard provider 80100

- Money and valuable goods

transportation guard

80100

- Security service using animal 80100

- Security equipment application 80200

- Security …

- 46 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Security education and training 85499 j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

countries

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, small, and medium-scale, and cooperative (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the criteria as

referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprise, and Law No. 17 of 2012 regarding Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in

the columns.

7. Public …

- 47 -

7. Public Work Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Construction Service (Construction

Implementation Service) using

Simple Technology and/or Low Risk

and/or Work Value up to Rp

1,000,000,000.00:

√ - - - - - - - - - - - - a. Reserved for Micro,

Small, Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and

Location

h. Special license and

foreign capital

ownership.

i. 100% local capital

and special license

- Cleaning and preparing land work

for one or two-storey building

41011

- Construction work for warehouse

or industrial plant

41013

- Construction work for Commercial

Building

41014

- Construction work for health

facility building

41015

- Construction work for education

facility building

41016

- Construction work for hotel,

restaurant, and the like

41017

- Construction …

- 48 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Construction work for public

entertainment facility building

41018 j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN countries

- Construction work for sport and

recreational facility

41018

- Construction work for stadium and

sport field

41018

- Construction work for other sport

and recreational facilities (among

others: swimming pool, tennis

court, golf court)

41018

- Assembly and installation of preprinted

building

41020

- Construction work for water

transmission pipeline

42211

- Construction work for

telecommunication line and

electricity line (cable)

42219

- Water well construction 42218

- Construction work for water

drainage, sea port, dam, and other

water buildings

42911

- Construction work for other

engineering work

42919

- Demolition work 43110

- Digging…

- 49 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Digging, land removal and

stockpilling work

43120

- Preparing land work for mining

area

43120

- Construction work for robbery

alarm system

43217

- Construction work for fire alarm 43217

- Construction work for pipe and

cable network distribution, and

line service

43221

- Construction work for gas pipe line 43223

- Construction work for elevator and

escalator

43291

- Window glass installation work 43301

- Installation work for ceramic/wall

and floor marble

43302

- Wall and other floor coating work 43302

- Plastering work 43302

- Painting work 43303

- Interior decoration work 43304

- Ornament …

- 50 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Ornament work 43304

43305

- Final and other tidy-up work 43309

- Foundation work including pegging

piling pole

43901

- Steel bending 43901

43902

- Scaffolding and form work 43902

- Roof and leak prevention works: 43903

o Concrete work

o River stone installation work

- Renting equipment work for

construction or demolition

including an operator

43905

- Other special construction works: 43909

o Furnace, ventilation and meter

temperature installation work

o Residential Antenna

Construction Work

o Other Electrical Construction

Work

o Isolation …

- 51 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

o Isolation Work (Electrical Cable.

Water, Furnace, Sound)

o Other installation works

o Other installation works not

classified in other locations

o Field measurement and testing

works

71100

2. Drinking water business 36001 - - √ - - - - - - - Maximum

95%

- -

3. Toll road business 52213 - - √ - - - - - - - Maximum

95%

- -

4. Construction service (construction

implementation service) using

advanced technology and/or high

risk and/or the work value is more

than Rp1,000,000,000.00:

- - √ - - - - - - - Maximum

67%

- -

- Construction work for industrial

plant or warehouse

41013

- Construction...

- 52 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Construction work for commercial

building

41014

- Construction work for health

facility building

41015

- Construction work for education

facility building

41016

- Construction work for hotel,

restaurant, and the like

41017

- Construction work for public

entertainment facility building

41018

- Construction work for other

buildings

41019

- Concrete work 41020

42120

42220

- Construction work for highway,

bridge, flyover, airplane runway,

railway, tunnel, and underpass

42111

42112

42113

42114

42115

- Construction ...

- 53 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Construction work for water

transmission pipe line

43221

- Construction work for

telecommunication line and

electrical line (cable)

42219

- Demolition work for more than 2

(two) storey building

43110

- Digging, land removal, and stock

piling work

43120

- Preparing land work for mining

area

43120

- Cleaning and preparing land work 43120

- Construction work for fire alarm 43217

- Construction work for robbery

alarm system

43217

- Water well construction 42218

- Construction work for gas pipe line 43223

- Construction …

- 54 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Construction work for elevator and

escalator

43291

- Window glass installation work 43301

- Other building installations 43299

- Installation work for ceramic/wall

and floor marble

43302

- Wall and other floors coating work 43302

- Plastering work 43302

- Painting work 43303

- Interior decoration work 43304

- Ornament work 43305

- Final and other tidy-up works 43309

- River stone installation work 43901

- Iron work 43901

43902

- Scaffolding and form work 43902

- Roof and leak prevention work 43903

- Renting …

- 55 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Renting equipment work for

construction or demolition

including an operator

43905

- Other special construction works: 43909

o Wood and metal frame work

o Isolation work (electrical cable,

water, furnace, sound)

o Cable installation and electrical

fitting work

o Plumbing work (drainage work

including preparation for sewage

drainage)

o Installation work of heater

instrument, ventilation, and air

temperature regulator

o Other electrical construction

works

o Other installation works

o Other installation works not

classified in other locations

- Field measurement and testing

work

71100

5. Business …

- 56 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

5. Business service/ construction

consultant service:

- - √ - - - - - - - Maximum

55%

- -

- Pre-design and architectural

consultant services

71100

- Architecture design service 71100

- Contract administration service 71100

- Design architecture and contract

administration services

71100

- Other architecture services 71100

- Design construction engineering

service for foundation and building

structure

71100

- Construction design engineering

service for civil engineering

71100

- Engineering service during

construction and other

installations

71100

- Engineering service during

construction

71100

- Integrated engineering for

transportation infrastructure

71100

- Integrated engineering service and

project management of water work

and sanitation using turnkey

system

71100

- Integrated…

- 57 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Integrated engineering service for

fabrication construction project

using turnkey system

71100

- Integrated engineering service for

fabrication construction project

using other turnkey systems

71100

- City planning service 71100

- Landscape architecture service 71100

- Testing service for physical goods’

composition and purity analysis

71202

- Testing and analysis service on

integrated mechanical systems

71202

- Technical inspection system 71203

- Other testing and analysis services 71209

6. Non-hazardous waste management

and disposal

38211 - - √ - - - - - - - Maximum

95%

- -

Notes …

- 58 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, small, and medium-scale, and cooperative (UMKMK) in this Regulation of the President shall mean individual or company that fulfills the criteria as

referred to in Law No. 20 of 2008 regarding Micro, Small, and Medium-scale Enterprise, and Law No. 17 of 2012 regarding Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in

the columns.

8. Trade…

- 59 -

8. Trade Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Direct selling through marketing

network developed by business

partners

00000 - - √ - - - - - - - Maximum

95%

- - a. Reserved for micro,

small, medium

enterprises and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and

location

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

2. Retail trade: - - - - - √ - - - - - - -

- Retail trade of car, motorcycle, and

commercial vehicle

45103

45104

45403

45404

- Retail trade of spare-parts and

accessories of car, motorcycle, and

commercial vehicle

45302

45406

- Supermarket with selling floor

extent of less than 1,200 m2

47111

- Minimarket with selling floor extent

of less than 400 m2 including

convenience store and community

store

47111

- Department store with selling floor

extent of less than 2.000 m2

47191

- Jewelry …

- 60 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Jewelry retail trade 47735 j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

countries

- Antique retail trade 47746

- Water transportation equipment

and its accessories retail trade

47795

- Retail trade not at supermarket or

minimarket

47112

- Retail trade not at department

store

47192

- Textile retail trade 47511

47512

- Retail trade specifically for game

tool and children’s toys at stores

47640

- Cosmetics retail trade 47725

- Footwear retail trade 47512

- Electronics retail trade 47861

- Retail trade through mail order or

internet

47911

47912

47913

47914

47919

- Food and beverage retail trade 4722

4723

3. Wholesale…

- 61 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

3. Wholesale trade based on fee or

contract:

- - - - - √ - - - - - - -

- Commission agent 46100

- Property/real estate agent 68200

4. Business service:

- Distributor 00000 - - √ - - - - - - - Maximum

33%

- -

- Warehousing 52101 - - √ - - - - - - - Maximum

33% - -

- Cold storage 52102 - - - - - - √ - - - Maximum

33%

Investment

Sumatra,

Java, and

Bali

Maximum

67%

Investment

in Kalimantan,

Sulawesi,

Nusa

Tenggara,

Maluku,

and Papua

5. Survey…

- 62 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

5. Survey services: 00000 - - - - - √ - - - - - - -

- Cargo condition survey

- Survey on land, sea, and air

transportation facilities, and its

accessories

- Technical and industry survey

- Ecological survey

- Survey on financing objects or

warehousing supervision

- Survey on destructive/nondestructive

testing

- Quantity survey

- Quality survey

- Supervision survey on an activity

process according to the applicable

or agreed standard

- Survey…

- 63 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Survey on land/earth layers

(stones) and survey on surface

water in the ground

(Geographical/geological survey)

- Survey on people’s opinion and

market research

73200 - - - - - √ - - - - - - -

- - - - - - - - - √ Maximum

51%

- -

6. - Land transportation equipment

rental (rental without operator)

77100 - - - - - √ - - - - - - -

- Agricultural machines and its

equipments rental

77305 - - - - - √ - - - - - - -

- Construction and civil engineering

machines and its equipments

rental

77306 - - - - - √ - - - - - - -

- Office machines rental, and its

equipments (including computer)

77307 - - - - - √ - - - - - - -

- Other machines rental, and its

equipments, that are not classified

in other locations:

77309 - - - - - √ - - - - - - -

o Power plant machine

o Textile machine

o Metal/wood processing/

manufacturing machine

o Printing machine

o Electric welding machine

7. Building …

- 64 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

7. Building cleaning service 81210 - - - - - √ - - - - - - -

8. Other activities services:

- Laundry 96200 - - - - - √ - - - - - - -

- Barber shop 96111 - - - - - √ - - - - - - -

- Beauty salon 96112 - - - - - √ - - - - - - -

- Tailor 96991 - - - - - √ - - - - - - -

- Photocopy, document preparation,

and other specific office supporting

services

82190 - - - - - √ - - - - - - -

9. - Liquor wholesale trade (importer,

distributor, and sub-distributor)

46333 - - - - - - - - √ - - - Must have:

 Business

License

Certificate

(SIUP)

 Business

License

Certificate

of Liquor

(SIUP–MB)

 Distribution

network

and specific

place

- Liquor retail trade 47231 - - - - - - - - √ - - -

- Side walk vendor liquor business 47826 - - - - - - - - √ - - -

10. Alternative…

- 65 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

10. Alternative trade organization: 00000 - - - - - √ - - - - - - -

- Alternative trade system

organization

- Alternative trade system

participants

11. Futures broker 00000 - - √ - - - - - - - Maximum

95%

- -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

9. Tourism …

- 66 -

9. Tourism and Creative Economy Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. - Private museum 91022 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

- a. Reserved for micro,

small, medium

enterprises, and

cooperatives

- Historical heritage managed by

private sector

91024 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

- b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and

location

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

2. - Tourism travel agent 79111 √ - - - - - - - - - - - -

- Tourism travel bureau 79120 - - - - - - √ - - - Maximum

49%

(Maximum

51% if

partnering

with UMKMK)

Does not

contradict

with Local

Regulation

3. - Restaurant …

- 67 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

3. - Restaurant 56101 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

- j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

- Catering service 56210 - - - - - - √ - - - Maximum countries

51%

Does not

contradict

with Local

Regulation

- Bar 56301 - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK)

Does not

contradict

with Local

Regulation

- Cafe 56303 - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK)

Does not

contradict

with Local

Regulation

4. Accommodation…

- 68 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

4. Accommodation services:

- Two-star hotel 55114 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

- One-star hotel 55115 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

- Non-star hotel 55120 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

- Homestay 55130 √ - - - - - - - - - - - -

- Other accommodation services:

motel

55199 - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK)

Does not

contradict

with Local

Regulation

- - - - - - - - - √ Maximum

70%

Does not

contradict

with Local

Regulation

- Located…

- 69 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Located in

Java and

Bali

5. Recreation, Art, and Entertainment

Business:

- Sport stadium: - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK)

Does not

contradict

with Local

Regulation

o Billiards 93111

o Bowling 93113

o Swimming 93114

o Soccer 93115

o Tennis 93116

o Fitness 93117

o Sport center 93118

o Other sport activities 93119

o Golf court [Center Product

Classification (CPC) 96413]

93112 - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK)

Does not

contradict

with Local

Regulation

- Maximum…

- 70 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- - - - - - - - - √ Maximum100

- Does not

contradict

with Local

Regulation

- Located

other than

Java & Bali

- - - - - - - - - √ Maximum70

- Does not

contradict

with Local

Regulation

- Located

other than

Java & Bali

- Art studio 90001

90002

√ - - - - - - - - - - - -

- Art gallery 47781

47782

47783

47784

47785

47789

- - √ - - - - - - - Maximum

67%

- -

- Art …

- 71 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Art performance building 47781 - - √ - - - - - - - Maximum

67%

- -

- Art impresario service 90004 - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK

Does not

contradict

with Local

Regulation

- Singing room/karaoke 93292 - - - - - - √ - - - Maximum

49%

(Max 51% if

partnering

with UMKMK

Does not

contradict

with Local

Regulation

- Dexterity 93293 - - - - - - √ - - - Maximum

67%

Does not

contradict

with Local

Regulation

6. Convention, Exhibition, and

Incentive Tour Services

82301 - - - - - - √ - - - Maximum51

Does not

contradict

with Local

Regulation

7. Tour guide service business 79920 √ - - - - - - - - - - - -

8. SPA …

- 72 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

8. SPA (Sante Par Aqua) 96122 - - - - - - √ - - - Maximum

51%

Does not

contradict

with Local

Regulation

9. Nature tourist object business

outside conservation areas

91034 - - √ - - - - - - - Maximum51

- -

10. Film technique service: 59122

- Film taking studio - - √ - - - - - - - Maximum

49%

- -

- Film processing laboratory - - √ - - - - - - - Maximum

49%

- -

- Film voice dubbing facility - - √ - - - - - - - Maximum

49%

- -

- Film printing and/or duplication

facility

- - √ - - - - - - - Maximum

49%

- -

- Film taking facility - - - - - √ - - - - - - -

- Film editing facility - - - - - √ - - - - - - -

- Film subtitling facility - - - - - √ - - - - - - -

11. Film production 59112 - - - - - √ - - - - - - -

12. Viewing: movie theatre 59140 - - - - - √ - - - - - - -

13. Recording …

- 73 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

13. Recording studio (Cassette, VCD,

DVD, etc.) 59201 - - - - - √ - - - - - - -

14. Film distribution 59132 - - - - - √ - - - - - - -

15. Film promotional facility

(advertisement, poster, stills, photo,

slide, negative, banner, pamphlet,

giant banner, folder, etc)

73100 - - - - - √ - - - - - - -

- - - - - - - - - √ Maximum

51%

- -

Notes:

5. √ = Following the column requirement.

6. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

7. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

8. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

10. Transportation …

- 74 -

10. Transportation Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Cargo land transportation - - √ - - - - - - - Maximum

49%

- - a. Reserved for micro,

small, medium

enterprise, and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and

location

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

- General cargo transportation 49431

- Hazardous cargo transportation 49432

- Heavy equipment transportation 49432

- Container transportation 49431

- Bulk, liquid, and gas

transportation

49432

- Plant and living animals

transportation

49432

2. Sea transportation

- Domestic Sea transportation 50111

50112

50113

50131

50132

50133

50134

- - √ - - - - - - - Maximum

49%

- -

- Overseas …

- 75 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Overseas Sea transportation 50121

50122

50123

50141

50142

50143

- - √ - - - - - - - Maximum

49%

- - j. Foreign capital

ownership

requirement and/or

location for investor

from ASEAN

countries

- Overseas Sea transportation

(excluding cabotage):

- - - - - - - - - √ Maximum

60%

- -

o Overseas Sea transportation for

passangers (CPC 7211)

50121

50122

50123

o Overseas Sea transportation for

cargo (CPC 7212)

50141

50142

50143

3. Ferry transportation: - - √ - - - - - - - Maximum

49%

- -

- Public ferry inter-province

transportation

50214

- Pioneer ferry inter-province

transportation

50215

- Public ferry inter-district/city

transportation

50216

- Pioneer ferry inter-district/city

transportation

50217

- Public …

- 76 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Public ferry within district/city

transportation

50218

4. River and lake transportation with

ship of < 30 GT:

- - √ - - - - - - - Maximum

49%

- -

- River and lake transportation for

passengers with fixed and regular

route

50211

- River and lake transportation for

passengers with non-fixed and

irregular route

50212

- River and lake transportation for

passengers with non-fixed and

irregular route for tourism

50213

- River and lake transportation for

general cargo and/or animal

50221

- River and lake transportation for

specific cargo

50222

- River and lake transportation for

hazardous cargo

50223

5. Providing…

- 77 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

5. Providing port facility (pier, building,

container delay terminal, liquid bulk

terminal, dry bulk terminal and RoRo)

52221

52222

52223

- - √ - - - - - - - Maximum

49% (max

95% if for

the

purpose of

PPP during

concession

period))

- -

6. Providing port facility such as waste

storing (reception facilities)

52109 - - √ - - - - - - - Maximum

49%

- -

7. Salvage service and/or underwater

work (PBA)

52229 - - √ - - - - - - - Maximum

49%

- -

8. Terminal supporting business 52211 - - √ - - - - - - - Maximum

49%

- -

9. Airport service 52230 - - √ - - - - - - - Maximum

49%

- -

10. Air …

- 78 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

10. Air transportation supporting service

(reservation system via computer,

ground handling for passenger and

cargo and aircraft leasing)

51102

51202

52240

77304

- - √ - - - - - - - Maximum

49%

- -

11. Airport related services 52230 - - √ - - - - - - - Maximum

49%

- -

12. Unloading/loading cargo (maritime

cargo handling services by CPC

7412)

52240 - - √ - - - - - - - Maximum

49%

- -

- - - - - - - - - √ Maximum

60%

- -

13. Freight forwarding service 52291 - - √ - - - - - - - Maximum

49%

- -

14. Air cargo service 52294 - - √ - - - - - - - Maximum

49%

- -

15. General selling agent (GSA) for

foreign air transportation company

79112 - - √ - - - - - - - Maximum

49%

- -

16. Provision and business for crossing

harbor

52223 - - - - √ - - - - - - - Cooperating

with company

appointed by

the Government

17. Provision …

- 79 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

17. Provision and Business for river and

lake harbor

52222 - - - - √ - - - - - - - Cooperating

with the

company

appointed by

the Government

18. Land transportation for passengers:

- in route of: - - - - - √ - - - - - - -

1) Inter-city and inter-province

transportation

49211

2) Border bus transportation 49212

3) Inter-city in province

transportation

49213

4) Urban/ rural transport 49214

5) Cross-country border transport 49215

- not in route of: - - - - - √ - - - - - - -

1) Taxi transportation 49421

2) Tourism transportation 49222

3) Certain destination

transportation

49221

4) Certain area transportation 49221

19. Public…

- 80 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

19. Public shipping 50135 - - - - - √ - - - - - - -

20. Air transportation:

- Commercial air transportation - - - - - - - √ - - Maximum

49%

- National capital

owner has to be

larger than the

whole foreign

capital owner

(single majority)

o Scheduled commercial air

transportation:

-- Domestic scheduled

commercial air transportation

51101

51102

-- Overseas scheduled

commercial air transportation

51103

o Non-scheduled commercial air

transportation

51104

51105

- Non-commercial air transportation 51109 - - √ - - - - - - - Maximum

49%

- -

21. Periodical motor vehicle testing

service

71203 - - - - - - - √ - - Maximum

49%

- Recommendation

of the Minister of

Transportation

22. Terminal ...

- 81 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

22. Terminal construction: 52211 - - - - - - - √ - - Maximum

49%

- Recommendation

of the Minister of

- Terminal for land transportation Transportation

passengers (limited to public

facilities)

- Public cargo terminal

23. Multimode transportation 00000 - - √ - - - - - - - Maximum

49%

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

11. Communication

- 82 -

11. Communication and Informatics Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Community Broadcasting Agency

(LPK)

Radio and television

60102

60202

√ - - - - - - - - - - - - a. Reserved for micro,

small, medium

enterprises and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and

location

h. Special license and

foreign capital

ownership

2. - Cable installation to house and

building

43212 √ - - - - - - - - - - - -

- Telecommunication kiosk 61914

- Internet kiosk 61924

3. Telecommunication network

provider:

- - √ - - - - - - - Maximum

65%

- -

- Fixed network provider 61100

- Mobile network provider 61200

61300

4. Telecommunication service

provider:

- Content service (ring tone,

premium sms, etc.) 61911

- - √ - - - - - - - Maximum

49%

- -

- Call ...

- 83 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- Call center and other added

value telephony services

61919 i. 100% local capital and

special license

- Internet service provider

- Data communication system

service

61921

61922

j. Foreign capital

ownership requirement

and/or location for

investor from ASEAN

countries

- Telephony internet service for the

public need

61923

- Internet interconnection service

(NAP), other multimedia services

61929

5. Telecommunication network

provider integrated with

telecommunication service

61100

61200

61300

- - √ - - - - - - - Maximum

65%

- -

61921

61922

61923

61929

6. Establishment…

- 84 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

6. Establishment of testing

telecommunication device agency

(laboratory test)

71202 - - √ - - - - - - - Maximum

95%

- -

7. Public Broadcasting Agency (LPP):

radio and television

- - - - √ - - - - - - - Only

monopoly for

the Public

Broadcasting

Agency of

Radio of

Republic of

Indonesia

(RRI),

Television of

Republic of

Indonesia

(TVRI), and

Local Public

Broadcasting

Institution

(LPPL)

- Radio 60101

- Television 60201

8. Provider ...

- 85 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

8. Provider, management (operation

and renting) and construction

service provider for

telecommunication tower

42217 - - - - - √ - - - - - - -

9. Publication of newspaper,

magazine, and bulletin (press)

58130 - - - - - √ - - - - - - -

10. Broadcasting agency: - - - - - - - - √ - For business

expansions

and

development

only,

maximum

20%

- According to

the legislation

Broadcasting

sector

- Private Broadcasting Agency

(LPS)

60102

- Subscription Broadcasting

Agency (LPB)

60202

11. Mail provider 53101

53102

53200

- - - - - - - √ - - Maximum

49%

- According to

the legislation

on Postal

sector

Notes …

- 86 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

12. Financial …

- 87 -

12. Financial Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Leasing 64910 - - √ - - - - - - - Maximum

85%

- - a. Reserved for micro,

small, medium

enterprises and

cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign Capital

Ownership and location

h.Special license and

foreign capital

ownership

i. 100% local capital and

special license

j. Foreign capital

ownership requirement

and/or location for

investor from ASEAN

countries

2. Non-leasing funding - - √ - - - - - - - Maximum

85%

- -

- Consumer funding 64922

- Credit card funding 64923

- Other non-leasing funding 64929

- Factoring funding 64992

3. Venture capital 64991 - - √ - - - - - - - Maximum

85%

- -

4. Insurance company: - - √ - - - - - - - Maximum

80%

- -

- General insurance company 64991

- Life insurance company 65111

65112

- Reinsurance company 65121

65122

- General …

- 88 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

- General Insurance Adjuster

Company

66210

- Insurance Agent Company 66221

- Insurance Broker company 66222

- Reinsurance Broker company 66223

5. - Actuarial consultant service

company

66291 - - √ - - - - - - - Maximum

80%

- -

6. - Pension fund 65300 - - - - - √ - - - - - - -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

13. Banking …

- 89 -

13. Banking Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Bank - - - - √ - - - - - - - According to

Law No. 7 of

1992 regarding

Banking, Law

No. 23 of 1999

regarding

Bank

Indonesia, and

Law No. 21 of

2008 regarding

Sharia

Banking,

a. Reserved for micro,

small, medium

enterprises and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and location

h. Special license and

foreign capital

ownership

i. 100% local capital and

special license

j. Foreign capital

ownership requirement

and/or location for

investor from ASEAN

countries

- Non-foreign exchange Bank 64123

65122

- Foreign exchange Bank 64124

64125

- Sharia Bank 64131

and …

- 90 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

and the

amendments

there to and its

amendment

and

implementation

regulations

2. Money market broker company 64190 - - - - √ - - - - - - - According to

Law No. 23 of

1999 regarding

Bank

Indonesia, and

and its

amendment

and

implementation

regulations

3. Smallholder’s Credit Bank (BPR): - - - - - √ - - - - - - -

- Conventional BPR 64127

- Sharia BPR 64132

4. Foreign exchange trader 66197 - - - - - √ - - - - - - -

Notes …

- 91 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

2. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

3. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

14. Manpower …

- 92 -

14. Manpower and Transmigration Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Indonesian worker placement

service in the country (such as

registration, recruitment, document

handling, shelter, pre-departure

orientation, departure, placement

and worker return)

78101 - - √ - - - - - - - Maximum

49%

- a. Reserved for micro,

small, medium

enterprises, and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and

location

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

2. Worker/labor provider service

(registration, recruitment, and

document handling, such as work

agreement, negotiation to obtain

work from employer, employ

worker/labor, such as cleaning

service, security, catering and other

supporting works)

78200 - - √ - - - - - - - Maximum

49%

- -

3. Work training (to provide, obtain,

enhance and develop work

competency, productivity,

discipline, attitude and work ethics

among others in the area of

85499 - - √ - - - - - - - Maximum

49%

- -

technical …

- 93 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

technical and engineering, business

administration, language, tourism,

management, information

technology, art and agriculture

vocation directed to provide the

work force in entering the working

world)

j. Foreign capital

ownership requirement

and/or location for

investor from ASEAN

countries

4. Agriculture (crop, horticulture,

plantation and husbandry) and

fishery business activity in

transmigration area

011

012

016

032

- - - - √ - - - - - - - Required to

obtain

Transmigration

Operation

License from

the Minister of

Manpower and

Transmigration

5. Indonesian worker placement

service for overseas (recruitment

process, document handling,

education and training, shelter, predeparture

preparation, candidates

of indonesian worker’s/CTKI

departure and return)

78102 - - - - - √ - - - - - - -

Notes …

- 94 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

15. Education …

- 95 -

15. Education and Culture Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Non-formal education:

- Computer education service 85492

- - √ - - - - - - - Maximum

49%

- - a. Reserved for micro,

small, medium

enterprises and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and location

h. Special license and

foreign capital

ownership

i. 100% local capital and

special license

j. Foreign capital

ownership requirement

and/or location for

investor from ASEAN

countries

- Private language education

service

85493

- Private beauty and personality

education service

85494

- Other private vocational

education services

85499

2. Early age education 85602

85603

- - - - √ - - - - - - - According to

Law No. 20 of

2003 regarding

National

Education

System

(Sisdiknas) and

its

implementation

regulations

3. Primary …

- 96 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

3. Primary and Secondary Education: - - - - √ - - - - - - - According to

Law No. 20 of

2003 regarding

National

Education

System

(Sisdiknas) and

its

implementation

regulations

- Private elementary school education

service

85121

- Private junior high school education

service

85122

- Private senior high school

education service

85220

- Private vocational senior high

school education service

85240

4. Tertiary Education:

- Private tertiary education service

for degree program

- Private tertiary education service

for non-degree program

85321

85322

- - - - √ - - - - - - - According to

Law No. 12 of

2012 regarding

National

Education

System and its

implementation

regulations

Notes …

- 97 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

16. Health …

- 98 -

16. Health Sector

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

1. Pharmaceutical industry business: - - √ - - - - - - - Maximum

85%

- - a. Reserved for micro,

small, medium

enterprises and

cooperatives

b. Partnership

c. Foreign capital

ownership

d. Certain location

e. Special license

f. 100% local capital

g. Foreign capital

ownership and location

h. Special license and

foreign capital

ownership

i. 100% local capital and

special license

j. Foreign capital

ownership requirement

and/or location for

investor from ASEAN

countries

- Medicine raw material industry 21011

- Patent medicine industry 21012

2. Business and management

consulting service and/or hospital

management service

70209 - - √ - - - - - - - Maximum

67%

- -

3. Calibration testing, health

equipment maintenance and

repair service

71204 - - √ - - - - - - - Maximum

49%

- -

4. Acupuncture service 86901 - - √ - - - - - - - Maximum

49%

- -

5. Supporting Health Service

(Assistance Service in Health

Assistance Evacuation and Patient

Evacuation in Emergency

situations)

86903 - - √ - - - - - - - Maximum

67%

- -

6. Narcotic manufacturer

(Pharmaceutical industry)

21012 - - - - √ - - - - - - - Special

license from

the Minister

of Health

7. Narcotic…

- 99 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

7. Narcotic pharmaceutical wholesale

trade

46693 - - - - √ - - - - - - - Special

license from

the Minister

of Health

8. Traditional medicine processing 21022 - - - - - √ - - - - - - -

9. Traditional medicine industry

business

21022 - - - - - √ - - - - - - -

10. Wholesale trade: 46693 - - - - - √ - - - - - - -

- Pharmaceutical

- Pharmaceutical raw materials

11. Pharmacy: - - - - - √ - - - - - - -

- Pharmacist profession practice 47722

- Drug store/smallholder’s

pharmacy

47723

12. Health Research Center/Station 72102 - - - - - √ - - - - - - -

13. Private maternity hospital 86103 - - - - - √ - - - - - - -

14. Clinic general medical services

/public hospital/public medical

clinic

86104 - - - - - √ - - - - - - -

15. Residential health services 86104 - - - - - √ - - - - - - -

16. Basic health service facility 86109 - - - - - √ - - - - - - -

17. Individual …

- 100 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

17. Individual health worker practice - - - - - √ - - - - - - -

- General practitioner practice 86201

- Medical Specialist practice 86202

- Dentist practice 86203

- Paramedical Health care

service

86901

- Traditional health care service 86902

18. Supporting health service - - - - - √ - - - - - - -

- Pest control/fumigation

service

86903

- Ambulance service 86904

19. Specialist/sub-specialist hospital

service

86103 - - - - - - √ - - - Maximum

67%

Can be

conducted all

over

Indonesia

- - - - - - - - - √ Maximum

70%

Can be

conducted in

all capital

cities of

provinces in

Eastern

Indonesia,

Except …

- 101 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

except

Makassar

and Manado

20. Other hospital services (mental

rehabilitation clinic)

86109 - - - - - - √ - - - Maximum

67%

Can be

conducted all

over

Indonesia

21. Clinic specialised medical services 86104 - - - - - - √ - - - Maximum

67%

Can be

conducted all

over

Indonesia

- - - - - - - - - √ Maximum

70%

Can be

conducted in

all capital

cities of

provinces in

Eastern

Indonesia,

except

Makassar

and Manado

22. Clinic …

- 102 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

22. Clinic specialised dental services 86203 - - - - - - √ - - - Maximum

67%

Can be

conducted all

over

Indonesia

- - - - - - - - - √ Maximum

70%

Can be

conducted in

all capital

citiesof

provinces in

Eastern

Indonesia,

except

Makassar

and Manado

23. Nursing service with CPC 93191) 86901 - - - - - - √ - - - Maximum

49%

Can be

conducted all

over

Indonesia

- - - - - - - - - √ Maximum

51%

Especially in

Makassar

and Manado

- - - - - - - - - √ Maximum

70%

Can be

conducted in

all capital

cities of

Provinces …

- 103 -

No. Business Fields KBLI

Conditions Detail of Conditions

Remarks

a b c d e f g h i j c d e

provinces in

Eastern

Indonesia

24. Supporting health services

(medical equipment rental)

86903 - - - - - - √ - - - Maximum

49%

Can be

conducted all

over

Indonesia

25. Supporting health services: - - - - - - √ - - - Maximum

67%

Can be

conducted all

over

Indonesia

- Clinic laboratory 86903

- Medical checkup clinic 86903

Notes …

- 104 -

Notes:

1. √ = Following the column requirement.

2. In the event that the Indonesian Standard Classification of Business Fields (KBLI) includes more than one business field, then provisions as referred to in

Appendix II is only applicable to the business fields stated in the column of business fields.

3. Micro, Small, and Medium-scale Entreprises and and Cooperatives (UMKMK) in this Presidential Regulation shall mean individual or company that fulfills the

criteria as referred to in Law No. 20 of 2008 regarding Micro, Small, Medium-scale Enterprises, and Cooperatives and Law No. 17 of 2012 regarding

Cooperative.

4. In the event that a business field covered in Indonesia’s commitment to ‘ASEAN Economic Community’ is not stated in Appendix II column j of this

Presidential Regulation but stated in other columns, then the capital originating from ASEAN may be invested based on the requirements as referred to in the

columns.

PRESIDENT OF THE REPUBLIC OF INDONESIA,

[Signed]

DR. H. SUSILO BAMBANG YUDHOYONO

This copy conforms to its original

SECRETARIAT OF CABINET

OF THE REPUBLIC OF INDONESIA

Deputy for Economic Sector,

[Signed]

Ratih Nurdiati

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2014년 대통령령 제39호 외국인 투자 가능 및 불가 업종

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