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1 PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA NUMBER: 36 OF 2010 ON 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, to implement Article 12 paragraph (4) and Article 13 paragraph (1) of Law Number 25 of 2007 on Investment, Presidential Regulation Number 77 of 2007 on List of Business Fields Closed to Investment and Business Fields Open, with Conditions, to Investment as amended by Presidential Regulation Number 111 of 2007; 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, in connection with the matters as referred 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: 1. Article 4 paragraph (1) of the 1945 Constitution of the Republic of Indonesia;
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Page 1: Investiment Bkpm

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PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA NUMBER: 36 OF 2010

ON 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, to implement Article 12 paragraph (4) and Article 13

paragraph (1) of Law Number 25 of 2007 on Investment,

Presidential Regulation Number 77 of 2007 on List of Business

Fields Closed to Investment and Business Fields Open, with

Conditions, to Investment as amended by Presidential

Regulation Number 111 of 2007;

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, in connection with the matters as referred 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: 1. Article 4 paragraph (1) of the 1945 Constitution of the Republic

of Indonesia;

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2. Law Number 25 of 1992 on Cooperatives (State Gazette of the

Republic of Indonesia of 1992 Number 116, Supplement to the

State Gazette of the Republic of Indonesia Number 3502);

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

Gazette of the Republic of Indonesia of 2004 Number 125,

Supplement to the State Gazette of the Republic of Indonesia

Number 4437) as amended most recently by Law Number 12

of 2008 on Second Amendment to the 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);

4. 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);

5. 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);

6. 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);

7. Government Regulation Number 44 of 2007 on Partnership

(State Gazette of the Republic of Indonesia of 1997 Number

91, Supplement to the State Gazette of the Republic of

Indonesia Number 3718)

8. Presidential Regulation Number 76 of 2007 on Criteria and

Requirements 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;

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DECIDES:

To stipulate: PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA 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 (1) Business fields open, with conditions, are certain business fields that

may conduct investment activities under certain requirements, 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 (1) Investment in business fields open, with conditions, as referred to in

Article 2 must meet requirements of location as provided herein and

meet regulations applicable in spatial and environment sectors.

(2) In the case of locations of business for a 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 requirements of location as referred to in paragraph (1).

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(3) In order to meet the requirements of location 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 4 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 5

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 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 6 (1) In the event that a foreign investor expands his business activities in the

same business sector and the expansion of his business activities

requires additional capital through a rights issue and domestic investors

are unable to participate in the said additional capital, then requirements

of right issues will be applied for domestic investment, in accordance

with the laws and regulations in the sector of a 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

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total ownership of foreign capital investment may be adjusted from the

minimum limit included in the approval letter, by means of:

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 general

tender conducted by a company whose shares are owned by

the foreign investor in a domestic capital market; or

c. the company, as referred to in paragraph (2) sub-paragraph 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 7 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 Regulation

Article 8 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 9

When this Presidential Regulation comes into effect, any laws and regulations

subordinate to this Presidential Regulation shall remain applicable to the extent

that they are not contradictory to this Presidential Regulation.

Article 10

When this Presidential Regulation comes into effect, implementing regulation of

Presidential Regulation Number 77 of 2007 on List of Business Fields Closed to

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Investment and Business Fields Open, with Conditions, to Investment as

amended by Presidential Regulation Number 111 of 2007, 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 77 of 2007 on List of Business Fields Closed to Investment and

Business Fields Open, with Conditions, to Investment as amended by

Presidential Regulation Number 111 of 2007 shall be revoked and declared as

no longer applicable.

Article 12

This Regulation shall come into force as of the stipulation date.

Stipulated in Jakarta

On the date of 25 May 2010

PRESIDENT OF THE REPUBLIC OF INDONESIA

signed

DR. H. SUSILO BAMBANG YUDHOYONO

Original Copy

Deputy Cabinet Secretary

Legal Division

Signed by

Dr. M. Imam Santoso

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APPENDIX LIST

REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA

NUMBER 36 YEAR 2010

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 4

1. Agriculture Sector 4

2. Forestry Sector 19

3. Maritime and Fishery Sector 24

4. Energy and Mineral Resources Sector 28

5. Industrial Sector 31

6. Defense Sector 44

7. Public Works Sector 46

8. Trade Sector 60

9. Culture and Tourism Sector 66

10. Transportation Sector 75

11. Communication and Informatics Sector 83

12. Financial Sector 88

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13. Banking Sector

14. Manpower and Transmigration Sector

90

92

15. Education Sector 95

16. Health Sector 98

17. Security Sector 104

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APPENDIX I

REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA

NUMBER : 36 OF 2010

DATE : 25 MAY 2010

LIST OF BUSINESS FIELDS CLOSED TO INVESTMENT

NO. SECTOR BUSINESS FIELDS KBLI

1. Agriculture Marijuana Cultivation 01289

2. Forestry 1. Capturing of Fish Species as Stated in Appendix I Convention on International

Trade in Endangered Species of Wild Fauna and Flora (CITES)

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.

01701

03119

03119

3. Industry 1. Alcohol Beverage Industry (Liquor, Wine, and Malt Containing Beverages)

2. Mercury processed Chlorine Alkali Maker Industry

3. Chemical Material Industry that can damage the environment, such as:

- Halon and others

- Penta Chlorophenol, Dichloro Diphenyl Tricholoro Elhane (DDT), Dieldrin,

Chlordane, Carbon Tetra Chloride, Methyl Choloroform, Methyl Bromite, Chloro

11010

11020

11030

20111

20114

20119

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Fluoro Carbon (CFC)

4. Chemical Material Industry Schedule 1 Chemical Weapon Convention (Sarin,

Soman, Tabun Mustard, Levisite, Ricine, Saxitoxin, VX, etc)

20119

4. Transportation 1. Providing and Implementation of Land Terminals

2. Implementation and Operation of Weight Stations

3. Implementation of Motor Vehicle Type Tests

4. Implementation of Motor Vehicle Periodic Tests

5. Telecommunication/Supporting Facility of Shipping Navigation

6. Vessel Traffic Information System (VTIS)

7. Air Traffic Guiding Service

52211

52219

71203

71203

52221

52221

52230

5. Communication and Informatics Management and Implementation of Radio Frequency and Satellite Orbit Spectrum

Monitoring Stations

61300

6. Culture and Tourism 1. Public Museums

2. Historical and Ancient Heritage (temple, castle, epigraphy, remains, ancient

buildings, etc)

3. Residential/Traditional Environment

4. Monuments

5. Gambling/Casinos

91021

91023

91023

91023

92000

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Note:

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 Indonesian Standard Classification of Business Fields (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.

Signed by

DR. H. SUSILO BAMBANG YUDHOYONO

Original Copy

Deputy Cabinet Secretary

Legal Division

Signed by

Dr. M. Imam Santoso

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APPENDIX II

REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA

NUMBER : 36 OF 2010

DATE : 25 MAY 2010

LIST OF BUSINESS FIELDS OPEN, WITH CONDITIONS, TO INVESTMENT

1. Agriculture Sector

Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

1. Main crop plant cultivation (corn,

soy, peanuts, green beans, rice,

cassava, sweet potato), for an area

less than or equal to 25 Ha.

01111

01113

01114

01115

01120

01135

√ - - - - - - - - - - - -

2. Other crop plant cultivation (for a

land that is less or equal to 25 Ha)

01112

01119

01135

√ - - - - - - - - - - - -

3. Crop plant cultivation for an area

less than 25 Ha:

- Other Sweetening Plant

Cultivation and sugar cane

01118

01137

01140

√ - - - - - - - - - - - -

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

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Tobacco Plantation

- Cotton Plantation

- Textile Raw Material Crop

Plantation

- Cashew Plantation

- Coconut Plantation

- Palm Plantation

- Beverage material crop

Plantation (Tea, Coffee and

Cocoa)

- Peppercorn Plantation

- Clove Plantation

- Essential Oil crop Plantation

- Medicinal/Pharmaceutical crop

Plantation

- Other spices crop plantation

- Rubber and other producing

latex plantation

- Other crop plantation that is not

01150

01160

01160

01252

01261

01262

01270

01281

01282

01284

01285

01286

01289

01289

01291

01291

Capital and

Location

Ownership

h. Special license

and foreign

capital

ownership

i. 100% local

capital and

special license

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

classified in other location

4. Seeding plantation business for a

land area that is less than 25 Ha:

- Jatropha Curcas Plantation

- Other sweetening plants and

sugar cane

- Tobacco Plant

- Textile Raw Material Plant

- Cotton Plant

- Other Plants that are not

classified in other location

- Cashew Plant

- Coconut Plant

- Palm Plant

- Plants for beverage material

(Tea, Coffee and Cocoa)

- Peppercorn Plant

- Clove Plant

- Essential Oil Plant

- Medicinal/pharmaceutical plant

01118

01137

01140

01150

01160

01160

01191

01252

01261

01262

01270

01281

01282

01284

01285

√ - - - - - - - - - - - -

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Other spice plants

- Rubber and Other Latex

Producing Plants

01286

01289

01289

01291

5. Pig Breeding and Farming in a

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

6. Free-range chicken and its cross

Breeding and Farming 01463 √ - - - - - - - - - - - -

7. Plantation Processing Product

Business Industry below certain

capacity according to Regulation of

Minister of Agriculture Number 26 of

2007 and/or its amendment:

- Dry Clove Flower Industry

- Crude Oil Industry (edible oil)

from Vegetable and Animal

- Copra, Fiber, Coconut Charcoal,

Dust, Nata de coco industry

- Coconut Oil Industry

- Palm Oil Industry

- Fiber and Seed Cotton Industry

01630

10411

10421

10422

10431

01630

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Peeling, Cleaning and Sorting

Coffee Industry

- Peeling, Cleaning and Drying

Cocoa Industry

- Peeling and Cleaning Seed other

than Coffee and Cacao Industry

- Cashew to be dry seed cashew

and Cashew Nut Shell Liquid

(CNSL) Industry

- Peppercorn to be dry white

pepper and dry black pepper

industry

- Sugar, sugar cane and sugar cane

residue Industry

- Black Tea / Green Tea Industry

- Dry Tobacco Leaves Industry

- Rubber to be sheet, thick latex,

crumb rubber Industry

- Raw Castor Oil Industry

10490

10612

10613

10614

10614

10614

10721

10761

12091

22121

22122

22123

20294

8. Pig Breeding and Farming (for

quantity of more than 125) 01450 - - - √ - - - - - - - Does not

contradict

with Local

-

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

Regulation

9. The use of Genetic Agriculture

Resources

00000 - - - - - - - √ - - Maximum

49% - Recommendation

of the Minister of

Agriculture

10. The use of GMO Products (Genetic

Engineering)

01640 - - - - - - - √ - - Maximum 49%

- Recommendation

of the Minister of

Agriculture

11. Main crop cultivation (corn, soy,

peanuts, green beans, rice, cassava,

sweet potato), in an area of more than

25 Ha

01111

01113

01114

01115

01120

01135

- - - - - - - √ - - Maximum

49% - Recommendation

of the Minister of

Agriculture

12. Main crop plant culturing

medium/nursery business (corn, soy,

peanuts, green beans, rice, cassava,

sweet potato

01111

01113

01114

01115

01120

01135

- - - - - - - √ - - Maximum

49% - Recommendation

of the Minister of

Agriculture

13. Other crop culturing medium/nursery

businesses

01119 - - - - - - - √ - - Maximum 95%

- Recommendation

of the Minister of

Agriculture

14. Other plant cultivation for an area of

more than 25 Ha

01119 - - - - - - - √ - - Maximum 95%

- Recommendation

of the Minister of

Agriculture

15. Plantation business for an area of 25

Ha or over, up until a certain area

- - - - - - - √ - - Maximum 95%

- Recommendation

of the Minister of

Agriculture cq the

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

according to Regulation of Minister

of Agriculture Number 26 of 2007,

without a processing unit:

- Jatropha curcas plantation

- Other Sweetening Plant and

Sugar Cane Plantation

- Tobacco Plantation

- Raw Material Textile Crop

Plantation

- Cotton Plantation

- Other Crop Plantations that are

not classified in Other Locations

- Cashew Plantation

- Coconut Plantation

- Palm Plantation

- Crop Plantation For Beverage

Material (Tea, Coffee and Cacao)

- Peppercorn Plantation

- Clove Plantation

- Essential Oil Crop Plantation

- Medicinal/Pharmaceutical Crop

Plantation

- Other Spice Crop Plantations

01118

01137

01140

01150

01160

01160

01191

01252

01261

01262

01270

01281

01282

01284

01285

01286

01289

Director General of

Plantations

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Rubber and Other Latex

Producing Plantation

01291

16. Plantation business for an area of 25

Ha or over, until a certain area

according to Regulation of Minister

of Agriculture Number 26 of 2007,

without processing unit:

- Jatropha curcas plantation

- Other Sweetening Plants and

Sugar Cane Plantations

- Tobacco Plantation

- Raw Material Textile Crop

Plantation

- Cotton Plantation

- Other Crop Plantations that are

not classified in Other Locations

- Cashew Plantation

- Coconut Plantation

- Palm Plantation

- Crop Plantation For Beverage

Material (Tea, Coffee and Cacao)

- Peppercorn Plantation

- Clove Plantation

01118

01137

01140

01150

01160

01160

01191

01252

01261

01262

01270

01281

01282

- - - - - - - √ - - Maximum

95% - Recommendation

from Minister of

Agriculture cq

Director General

of Plantation

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Essential Oil Crop Plantation

- Medicinal/Pharmaceutical Crop

Plantation

- Other Spice Crop Plantations

- Rubber and Other Latex

Producing Plantations

01284

01285

01286

01289

01291

17. Product processing plantation

business industry (similar capacity or

exceeding a certain capacity,

according to Regulation of Minister

of Agriculture Number 26 of 2007

and/or its amendment):

- Crude Oil Industry (edible oil)

from Vegetable and Animal

- Copra, Fiber, Coconut Charcoal,

Dust, Nata de coco industry

- Coconut Oil Industry

- Palm Oil Industry

- Peeling, Cleaning and Sorting

Coffee Industry

- Peeling, Cleaning and Drying

Cocoa Industry

10411

10421

10423

10432

10612

10613

- - - - - - - √ - - Maximum

95% - Recommendation

from Minister of

Agriculture cq

Director General

of Plantation

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Peeling and Cleaning Seeds other

than Coffee and Cacao Industry

- Sugar, sugar cane and sugar cane

residue Industry

- Black Tea / Green Tea Industry

- Dry Tobacco Leaves Industry

- Raw Castor Oil Industry

- Fiber and Seed Cotton Industry

- Rubber to be sheet, thick latex,

crumb rubber Industry

- Cashew to be dry seed cashew

and Cashew Nut Shell Liquid

(CNSL) Industry

- Peppercorn to be dry white

pepper and dry black pepper

industry

- Dry Clove Flower Industry

10614

10721

10762

12091

20294

01630

10490

22121

22122

22123

10614

10614

00000

18. Plantation business for 25 Ha area of

land or more, integrated to the

processing unit by the same capacity

or exceeding a certain capacity

- - - - - - - √ - - Maximum 95%

- Recommendation

from Minister of

Agriculture cq

Director General

of Plantation

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

according to Regulation of Minister

of Agriculture Number 26 of 2007

and/or its amendment):

- Cashew Plantation and dry

cashew seed industry and Cashew

Nut Shell Liquid (CNSL)

- Peppercorn plantation and dry

white peppercorn and dry black

peppercorn industry

- Jatropha Plantation and Jatropha

curcas oil industry

- Sugar Cane Plantation, Sugar

Industry, Sugar Cane, and Sugar

Cane Residue.

- Tobacco Plantation and Dry

Tobacco Leaves Industry

- Cotton Plantation and Cotton

Fiber and Seed Industry

- Coconut Plantation and Coconut

Oil Industry

- Coconut Plantation and Copra,

Fiber, Coconut Charcoal, Dust,

Nata De Coco Industry

01252

10614

01281

10614

01118

20294

01140

10721

01150

12091

01160

00000

01261

10423

01261

10421

10773

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Conditions Details of Conditions No. Business Fields KBLI a b c d e f g h i j c d e

Remarks

- Palm Plantation and Palm Oil

Industry (CPO)

- Cacao Plantation and Peeling

Cleaning and Drying Cacao

Industry

- Tea Plantation and Black/Green

Tea Industry

- Clove Plantation and Dry Flower

Clove Industry

- Essential Oil Crop Plantation and

Essential Oil Industry

- Essential Oil Crop Plantation and

Essential Oil Industry

- Rubber Plantation and Sheet,

Thick Latex Industry and Crumb

Rubber Industry

- Seeds Plantation other than

Coffee and Cacao and Seeds other

than Coffee and Cacao Peeling

and Cleaning Industry

01262

10432

01270

10612

01270

10613

01270

10762

01282

00000

01284

20294

01291

22121

22122

22123

00000

10614

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Note:

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

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

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2. Forestry Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Capturing and Propagating Plant

and Wildlife (TSL) from Natural

Habitat except reptiles (snake,

lizard, turtle, soft shell turtle and

crocodile)

01701 √ - - - - - - - - - - - -

2. Other Forest Plantation Businesses

(Sugar Palm, Pecan, Tamarind

Seed, Charcoal Raw Material,

Cinnamon etc)

02119 √ - - - - - - - - - - - -

3. Forest Processing Prime Product

Industry other Log (Pine Sap,

Bamboo)

02303

02308

√ - - - - - - - - - - - -

4. Swallow’s Nest business in

Nature

02309 √ - - - - - - - - - - - -

5 Saw Mill Industry (production

capacity up to 2000M3/year)

16101 √ - - - - - - - - - - - -

6. Rattan Processing Prime Industry 16104 √ - - - - - - - - - - - -

7. Mangrove Semi Finished Goods

Industry:

- Art carving industry except

16293

√ - - - - - - - - - - - -

a. Reserved for

Macro, Small,

Medium

Enterprises,

and

Cooperatives

b. Partnership

c. Foreign

Capital

Ownership

d. Certain

location

e. Special license

f. 100% local

capital

g. Foreign

Capital and

Location

Ownership

h. Special license

and foreign

capital

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

furniture

- Kitchen appliances industry

- Goods industry that is not

classified in other location

16294

16299

8. Rattan business 02131 - √ - - - - - - - - - - -

9. Pine Sap business 02132 - √ - - - - - - - - - - -

10. Bamboo business 02134 - √ - - - - - - - - - - -

11. Resin business 02135 - √ - - - - - - - - - - -

12. Eaglewood business 02136 - √ - - - - - - - - - - -

13. Shellac business 02139 - √ - - - - - - - - - - -

14. Alternative crop plant business

(sago)

02139 - √ - - - - - - - - - - -

15. Bee Business 02139 - √ - - - - - - - - - - -

16. Latex business 02139 - √ - - - - - - - - - - -

17. Silk worm cocoon/chrysalis

business (natural silk)

02305 - √ - - - - - - - - - - -

18. Hunting business in Hunting Parks

and Hunting Blocks

01701

93229

- - √ - - - - - - - Maximum

49% - -

19. Raising Wildlife and Plants 01702

02209

- - √ - - - - - - - Maximum

49%

ownership

i. 100% local

capital and

special license

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 20. Coral Raising/Cultivating 01702 - - √ - - - - - - - Maximum

49% - -

21. Nature Tourism Business such as

Facility, Activity and Ecotourism

Business in Forest Areas:

- Water Tourism

- Nature Adventure Tourism

- Cave Tourism

- Other interests tourism

93241

to

93243

93249

93223

93222

93229

- - √ - - - - - - - Maximum

51% - -

22. Capturing 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

23. Development of Technology use

on plant and wildlife genetics

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

partnership with

accredited

institution/ national

institution in

research and

Page 28: Investiment Bkpm

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

development area

appointed by the

Minister of Forestry

24. Usage (taking) and distributing

coral/decorative coral from nature

for aquariums *)

03119

46206

- - - - √ - - - - - - Recommendation

from the Minister of

Forestry

25. Usage (taking) and distributing

decorative coral/atoll of recent

dead coral from

transplantation/propagation results

03119

46206

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

from the Minister of

Forestry

26. Saw mill industry with production

capacity above 2000M3/year

16101 - - - - √ - - - - - - -

27. Veneer industry 16214 - - - - √ - - - - - - -

28. Plywood industry 16211

- - - - √ - - - - - - -

29. Laminated veneer lumber (LVL)

industry

16212 - - - - √ - - - - - - -

30. Wood chip industry 16299 - - - - √ - - - - - - -

31. Wood pellet industry 16295 - - - - √ - - - - - - -

Recommendation

on sustainable raw

material supply

from the Minister of

Forestry and

Regulated according

to the

Government

Regulation

Number 6 of 2007

and/or its

amendment

32. Veneer industry 02120 - - - - - √ - - - - - -

Page 29: Investiment Bkpm

29

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 33. Supplying and distributing forest

plant’s seed and seeding (forest

plant’s seed and seeding export

and import)

02139 - - - - - √ - - - - - -

34. Water environment use service

business in forest area

02209 - - - - √ - - - - - - -

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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

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3. Maritime and Fishery Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Fishery Capture Uses, Fish

Capturing Ship of the Size up to

30 GT, in Water Territory up to 12

Miles or less

03111 √ - - - - - - - - - - - -

2. Fishery Processing Business

Conducted in an integrated manner

by Catching Fish in Public Water

03131

03132

√ - - - - - - - - - - - -

3. Rearing of Marine Fish 03211 - √ - - - - - - - - - - -

4. Marine Fish Hatchery 03212 - √ - - - - - - - - - - -

5. Rearing of Brackish Water Fish 03213 - √ - - - - - - - - - - -

6. Brackish Water Fish Hatchery

03214 - √ - - - - - - - - - - -

7. Rearing of Fresh Water Fish 03231 - √ - - - - - - - - - - -

8. Fresh Water Fish Hatchery 03236 - √ - - - - - - - - - - -

9. Fishery Processing Business

- Salt/Fish Drying and Other

Water Biota Industry

- Smoke Fish and Other Water Biota Industry

10211

10212

- √ - - - - - - - - - - -

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

and Location

ownership

h. Special license

and foreign

capital

ownership

i. 100% local

capital and

special license

j. Foreign capital

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 10. Fishery Processing (UPI)

Business, Fermentation,

Reduction/Chemical Process,

Surimi and Jelly Fish Process

10219 - √ - - - - -

- - - - - -

11. Fish product marketing,

distribution

- Wholesale Fish Products

- Export trade of Fish Product

46206

-

- -

- - -

- -

-

-

- -

12. Fish Catching Business using

catching ship of a size of 100 GT

and/or over in ZEEI catching

territory

03111 - - - - √ - - - - - - - Terms and

Conditions have

been regulated in

accordance with

the Regulation of

Minister of

Maritime and

Fishery Number

PER 12/MEN/2009

on Fish Catching

Business

13. Usage (Taking) and distribution of decorative coral/atoll from nature for aquariums*)

03119

46206

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

from the Minister

of Maritime and

Fishery

ownership

requirement

and/or location

for capital

investment from

ASEAN

countries

Page 32: Investiment Bkpm

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 14. Lifting of Valuable Items from a

Sunken Ship’s cargo

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

Presidential

Decree Number

19 of 2007 on

National

Committee of

Lifting and Using

Valuable Items

from Sunken

Ship’s cargo

15 Fishery Catching business using a catching ship of 100 GT size and/or bigger in open sea catching areas

03111 - - - - - √ - - - - - - -

16 Fishery Catching business using a

catching ship of 30 GT size and/or

bigger in water areas beyond 12 miles

03111 - - - - - √ - - - - - - -

17 Sea Sand Extraction 08104 - - - - - √ - - - - - - -

Note:

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.

Page 33: Investiment Bkpm

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3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

5. *) = Stated also in forestry sector

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4. Energy and Mineral Resources Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Power Plant (< 1 MW) 35101 √ - - - - - - - - - - - -

2. Small Scale Power Plant (1-10

MW)

35101 - √ - - - - - - - - - - -

3. Operation and Maintenance

Service of Geothermal Facility

06202 - - √ - - - - - - - - Maximum

90% -

4. Geothermal Drilling Service 06202 - - √ - - - - - - - - Maximum

95% -

5. Geothermal Power Plant 06202 - - √ - - - - - - - - Maximum

95% -

6. Oil and Gas Drilling Service

Offshore Outside of Eastern

Indonesia Territory

09100 - - √ - - - - - - - - Maximum

95% -

7. Oil and Gas Drilling Service on

Land

09100 - - √ - - - - - - - - Maximum

95% -

8. Operation and Maintenance

Service of Oil and Gas Facility

09100 - - √ - - - - - - - - Maximum

95% -

9. Power Plant Maintenance and

Operation Installation Service

35104 - - √ - - - - - - - - Maximum

95% -

10. Power Plant (> 10 MW) 35101 - - √ - - - - - - - - Maximum

95% -

11. Nuclear Power Plant 35101 - - √ - - - - - - - - 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

and Location

ownership

h. Special license

and foreign

capital

ownership i. 100% local

capital and

special license j. Foreign capital

ownership

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 12. Power Plant Transmission 35102 - - √ - - - - - - - - Maximum

95% -

13. Electricity Distribution 35103 - - √ - - - - - - - - Maximum

95% -

14. Constructing and Installing

Electricity Service

43211 - - √ - - - - - - - - Maximum

95% -

15. Engineering Procurement

Construction (EPC) Service

71100 - - √ - - - - - - - - Maximum

95% -

16. Electricity Consultation Service 71100 - - √ - - - - - - - - Maximum

95% -

17. Technology Development of

Electricity Supplied Equipment

72102 - - √ - - - - - - - - Maximum

95% -

18. Radio Active Mineral Mining 07210 - - - - √ - - - - - - - Recommendation

from BATAM

requirement

and/or location

for capital

investment from

ASEAN

countries

Recommendation

from BATAN

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on Cooperative.

Page 36: Investiment Bkpm

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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.

Page 37: Investiment Bkpm

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5. Industrial Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Salting/drying fish and other water

biota industry and smoked fish

industry

10211

10214

√ - - - - - - - - - - - -

2. Processed Food from seeds and

roots, sago, Gnetum gnemon nut

and copra industry

10391

10392

10792

10793

10794

√ - - - - - - - - - - - -

3. Roots Peeling and Cleaning

Industry

10616 √ - - - - - - - - - - - -

4. Palm Sugar 10722 √ - - - - - - - - - - - -

5. Thread coloring from natural and

artificial fiber to be

patterned/dipped/tied thread,

performed by hand work tools

13122 √ - - - - - - - - - - - -

6. Cloth printing industry especially

Batik and traditional patterns

13133 √ - - - - - - - - - - - -

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

8. Knitted cloth industry especially

Lace

13911 √ - - - - - - - - - - - -

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

and Location

ownership

h. Special license

and foreign

capital

ownership

i. 100% local

capital and

special license

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 9. Handy craft industry that carries

specific cultural asset, art value

using natural or artificial raw

material:

- Embroidery industry

- Rattan and bamboo plait

industry

- Plant plait other than rattan and

bamboo industry

- Carving handy craft from wood

except furniture industry

- Kitchen Household Industry

from wood, rattan and bamboo

- Wood, rattan, cork industry that

is not classified in other

locations

- Traditional musical instruments

13912

16291

16292

16293

16294

16299

32201

√ - - - - - - - - - - - -

10. Moslem woman’s praying cloth,

scarf, head scarf, and other

traditional industries

14111 √ - - - - - - - - - - - -

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

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

Page 39: Investiment Bkpm

39

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 12. Clay made household necessities

industry especially pottery

23932 √ - - - - - - - - - - - -

13. Manual or semi mechanical

processed hand tool industry for

handwork and cutting

25932

25933

25934

√ - - - - - - - - - - - -

14. Hand tool industry needed for

farming to prepare land, process

production, post harvest and

processing except hoe and shovel

25931 √ - - - - - - - - - - - -

15. Motorcycle Maintenance and

Repairing Industry except the one

integrated to motorcycle sales

business (agent/distributor) and

personal and household necessities

repairing industry

45407

95220

95230

95240

95290

√ - - - - - - - - - - - -

16. Sweetening and saline fruits and

vegetable industry

10311 - √ - - - - - - - - - - -

17. Processed Food from seeds and

roots, sago, Gnetum gnemon nut

and copra industry:

- Copra industry

10421

- √ - - - - - - - - - - -

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

- Soya sauce industry

- Soy made food and peanuts

other than soya sauce, tempe,

tofu industry

- Cracker, chip, peanut cracker

and the like

10771

10793

10794

18. Milk powder process and

condensed milk industry

10510 - √ - - - - - - - - - - -

19. Tobacco drying and processing

industry

12091 - √ - - - - - - - - - - -

20. Printed batik industry 13134 - √ - - - - - - - - - - -

21. Rattan processing industry and

rattan, bamboo and the like,

preserving industry

16104

16103

- √ - - - - - - - - - - -

22. Mangrove wood industry:

- Moulding and Construction

material Component Industry

- Carving handy craft made of

wood industry except furniture

- Kitchen ware industry

16221

16293

16294

- √ - - - - - - - - - - -

23. Essential oil industry 20294 - √ - - - - - - - - - - -

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 24. Construction material made from

clay industry, goods made from

lime industry and goods made

from cement industry:

- Brick and Clay/Ceramic

Industry

- Other goods made of

clay/ceramic industry,

- Lime Industry,

- Goods made from cement

industry,

- Goods made from lime industry,

- Other goods made from Cement

and Lime industry

23921

23939

23942

23951

23952

23959

- √ - - - - - - - - - - -

25. Nail, nuts and bolts industry,

Component and spare parts to start

up motor industry, pump and

compressor industry, components

and two and three wheels vehicles

accessories industry, bike and

becak accessories industry

25952

28113

28120

30912

30922

- √ - - - - - - - - - - -

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 26. Agricultural machinery industry

using medium technology such as

rice peeler, corn peeler and hand

tractor

28210 - √ - - - - - - - - - - -

27. Maritime tourism, wooden ship

and fish catching industry

including its tools and equipment

30111

30113

- √ - - - - - - - - - - -

28. Silver jewelry industry:

- Made of gold, valuable goods

jewelry for personal use

industry

- Made of gold, valuable jewelry

goods not for personal use

industry

32112

32113

- √ - - - - - - - - - - -

29. Other hand craft industries

- Jewelry goods not for personal

use and not made of gold

industry

- Gem stone industry

- Handy craft industry that is not

classified in other locations

32120

32111

32903

- √ - - - - - - - - - - -

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

- Other processing industries that are

not classified in other locations 32909

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

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

49% - -

- 32. Cigarette industry:

- Clove cigarette industry

- Regular cigarette industry

- Other cigarette industries

12011

12012

12019

- - - - √ - - - - - -

Required to obtain

recommendation

from the Minister

of Industry for:

1) Cigarette

company having

industrial

business license

that is

expanding; or 2) Small and

medium scale

cigarette

industry that

partners with

large scale

cigarette

industry that has

industrial

business license

for similar

business sector.

Formatted: Font: 11 pt

Formatted: Font: 11,5 pt

Page 44: Investiment Bkpm

44

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 33. Pulp industry (from wood) 17011 - - - - √ - - - - - - Raw material is

from Industrial

Forest Plant (HTI)

or from imported

Chip if the domestic

raw material is

insufficient

34. Valuable paper industry such as

Bank Note Paper, Cheque Paper,

Watermark Paper

17013 - - - - √ - - - - - - 1) Required to

obtain

operational

license from

BOTASU

PAL/BIN

2) Required to

obtain

recommendation

from the

Minister of

Industry

35. Special Printing Industry/Security

Documents such as stamp, stamp

duty, valuable paper, passport,

demography documents and

holograms

18112 - - - - √ - - - - - - 1) Required to

obtain

operational

license from

BOTASU

PAL/BIN

2) Required to

obtain

recommendation

Formatted: Font: 8,5 pt

Page 45: Investiment Bkpm

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

from the

Minister of

Industry

36. Money Printing Industry 18112 - - - - √ - - - - - - 1) Required to

obtain

operational

license from

BOTASU

PAL/BIN

2) Required to

obtain

recommendation

from the

Minister of

Industry

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

requirement

stipulated by

BPOM and the

Minister of Trade

38. Special Ink Industry 20293 - - - - √ - - - - - - 1) Required to

obtain

operational

license from

BOTASU

PAL/BIN

2) Required to

obtain

Page 46: Investiment Bkpm

46

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

recommendation

from the

Minister of

Industry

39. Crumb rubber Industry 22123 - - - - √ - - - - - - Recommendation

of raw material

availability from

Minister of

Agriculture

40. Lead smelting Industry 24202 - - - - √ - - - - - - Required to obtain

recommendation

from State

Minister for the

Environment and

Minister of

Industry especially

for the industry

using used car

batteries as raw

material

41. Sugar Industry (white crystal

sugar, refined crystal sugar and

raw crystal sugar)

10721 - - - - - - - √ - - Maximum

95% - 1) Establishment

of a new sugar

factory or

expansion

required to have

first established

a personally

owned sugar

Page 47: Investiment Bkpm

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No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

cane plantation

according to the

regulatory

requirement

2) Establishment

of a new sugar

factory for a

capacity above

8000 tons cane

per day required

to produce raw

crystal sugar.

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as referred to in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

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6. Defense Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Raw material for explosives

(Ammonium Nitrate)

20114 - - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister of

Defense

2. Industry of explosive materials

and its components for industry

need

20292 - - - - - - - √ - - Maximum

49%

- Recommendation

from the Minister of

Defense

3. Production of weapons,

ammunition, explosive devices,

and war equipment

25200 - - - - - - - - √ - 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 and

Location Ownership

h. Special license and

foreign capital

ownership

i. 100% local capital and

special license

j. . Foreign capital

ownership

requirement and/or

location for capital

investment from

ASEAN countries

Page 49: Investiment Bkpm

49

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 50: Investiment Bkpm

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7. Public Work Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

1. Construction Service

(Construction Implementation

Service) using Simple Technology

and/or Low Risk and/or Work

Value up to Rp. 1.000.000.0000,-:

- Cleaning and Preparing Land

Work for One or Two Storey

Buildings

- Construction work for

warehouse or industrial plant

- Construction work for

Commercial Building

- Construction work for Health

Facility Building

- Construction work for

Education Facility Building

- Construction work for Hotel,

Restaurant and the like

- Construction work for Public

Entertainment Facility

41011

41013

41014

41015

41016

41017

41018

√ - - - - - - - - -

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

and Location

Ownership

h. Special license

and foreign

capital

ownership

i. 100% local

capital and

special license

j. Foreign capital

ownership

Page 51: Investiment Bkpm

51

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Building

- Construction Work for Sport and

Recreational Facility

- Construction Work for Stadium

and Sports Field

- Construction Work for Sport and

other Recreational Infrastructure

(such as Swimming Pool, Tennis

Court, Golf Course)

- Assembly and Installation of Pre-

printed Building

- Construction Work for Water

Transmission Pipe Line,

Telecommunication Line and

Electricity Line (Cable)

- Water well construction

- Construction Work for Water

Drainage, Sea Port, Dam and other

Water Buildings

- Construction Work for Other

Engineering Work

- Demolition Work

- Digging, Land Removal and

41018

41018

41018

41020

42211

42219

42218

42911

42919

43110

43120

requirement

and/or location

for capital

investment from

ASEAN

countries

Page 52: Investiment Bkpm

52

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Stockpiling Work

- Preparing Land Work for Mining

Field

- Construction Work for Robbery

Alarm System

- Construction Work for Fire Alarm

- Construction Work for Pipe Line

and Cable Distribution, Line

Service

- Construction Work of Gas Pipe line

- Construction Work for Elevator and

Escalator

- Window glass installation work

- Installation Work for Ceramic/Wall

and Floor Marble

- Wall and Other Floor Coating Work

- Cement Work

- Painting Work

- Interior Decoration Work

- Ornament Work

- Final and Other Tidy-up Work

- Foundation Work Including

43120

43217

43217

43221

43223

43291

43301

43302

43302

43302

43303

43304

43304

43305

43309

43901

Page 53: Investiment Bkpm

53

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Pegging Piling Pole

- Cleaning Work

- Scaffolding and Form Work

- Roof and Leak Prevention Work:

- Concrete Work

- River Stone Installation Work

- Renting Equipment Work for

Construction or Demolition

including an Operator

- Other special construction work:

- Wood and Metal Frame Work

- Cable Installation and

Electrical Fitting Work

- Fence Construction Work

- Plumbing Work (Drainage

work including preparation for

sewage drainage.

- Furnace, Ventilation and Meter

Temperature Installation Work

- Residential Antenna

Construction Work

- Other Electrical Construction

Work

43901

43902

43903

43905

43909

Page 54: Investiment Bkpm

54

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- Isolation Work (Electrical

Cable. Water, Furnace, Sound)

- Other Installation Work

- Other Installation Work that is

not classified in other locations

- Field Measurement and Testing

Work

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 Rp. 1.000.000.000,-:

- Construction Work for Industrial

Plant Warehouse

- Construction work for

Commercial Building

- Construction work for Health

Facility Building

- Construction work for

41013

41014

41015

41016

- - √ - - - - - - - Maximum

67%

Page 55: Investiment Bkpm

55

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Education Facility Building

- Construction work for Hotel,

Restaurant and the like

- Construction work for Public

Entertainment Facility

- Construction Work for Other

Buildings

- Concrete Work

- Construction Work for Main Road

(except Flyover), Railway,

Airplane Runway

- Construction Work for Bridge,

Flyover, Tunnel and Underpass

- Construction Work for Water

Transmission Pipeline,

Telecommunication Line and

Electrical Line (Cable)

- Demolition Work for more than

two storey building

- Digging, Land Removal and

41017

41018

41019

41020

42120

42220

42111

42113

42114

42112

42115

42219

43221

43110

43120

Page 56: Investiment Bkpm

56

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Stockpiling Work

- Preparing Land Work for Mining

Area

- Cleaning and Preparing Land

Work

- Construction Work for Fire Alarm

- Construction Work for Robbery

Alarm System

- Water Well Construction

- Construction Work of Gas Pipeline

- Construction Work for Elevator

and Escalator

- Window glass installation work

- Other Building Installation

- Installation Work for

Ceramic/Wall and Floor Marble

- Wall and Other Floor Coating

Work

- Cement Work

- Painting Work

- Interior Decoration Work

- Ornament Work

- Final and Other Tidy-up Work

43120

43120

43217

43217

42218

43223

43291

43301

43299

43302

43302

43302

43303

43304

43305

43309

Page 57: Investiment Bkpm

57

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- River Stone Installation Work

- Cleaning Work

- Scaffolding and Form Work

- Roof and Leak Prevention Work

- Renting Equipment Work for

Construction or Demolition

including an Operator

- Other special construction work:

- Wood and Metal Frame Work

- Isolation Work (Electrical

Cable. Water, Furnace, Sound)

- Cable Installation and

Electrical Fitting Work

- Plumbing Work (Drainage

work including preparation for

sewage drainage).

- Temperature Installation Work

Residential Antenna

Construction Work

- Other Electrical Construction

Work

- Other Installation Work

43901

43901

43902

43902

43903

43905

43909

Page 58: Investiment Bkpm

58

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- Other Installation Work that is

not classified in other locations

- Field Measurement and Testing

Work

71100

5. Business Service/Construction

Consultant Service

Landscape Architecture Service

71100

- - √ - - - - - - - Maximum

55%

6. Business Service/Construction

Consultant Service:

- Design Service and Architecture

Consultant

- Architecture Design Service

- Contract Administration Service

- Design Architecture Service and

Contract Administration

- Other Architecture Services

- Design Construction Engineering

Service for Foundation and

Building Structure

- Construction Design Engineering

Service for Civil Engineering

- Engineering Service During

Construction and Other Installation

71100

71100

71100

71100

71100

71100

71100

71100

- - √ - - - - - - - Maximum

55%

Page 59: Investiment Bkpm

59

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- Engineering Service During

Construction

- Integrated Engineering for

Transportation Infrastructure

- Integrated Engineering Service and

Project Management of Water

Work and Sanitation using

Turnkey System

- Integrated Service for Construction

Fabrication Project using Turnkey

System

- Integrated Service for Fabrication

Project using Turnkey System and

other

- City Planning Service

- Landscape Architecture Service

- Testing Service for physical goods’

Composition and Purity Analysis

- Testing and Analysis Service on

Integrated Mechanical Systems

- Technical Inspection System

- Other Testing and Analysis

Services

71100

71100

71100

71100

71100

71100

71100

71202

71202

71203

71209

Page 60: Investiment Bkpm

60

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 61: Investiment Bkpm

61

8. Trade Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

1. Direct Selling through marketing

network developed by business

partner.

00000

- - √ - - - - - - - Maximum

95%

- -

2. Private Cleaning Service 38211 - - - - - √ - - - - - - -

3. Retail Business:

- Car Retail Business

- Spare Parts and Car Accessories

Sales

- Supermarket with a business

area less than 1.200 m2

- Minimarket (with a business

area less than 400 m2)

- Department Store with a

business area less than 2.000 m2

- Jewelry Retail Business

- Antique Retail Business

- Water Transportation Equipment Business and its accessories

45103

45104

45302

47111

47111

47191

47735

47746

47795

- - - - - √ - - - - - - -

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 and

Location

Ownership

h. Special license

and foreign

capital

ownership

i. 100% local

capital and

Page 62: Investiment Bkpm

62

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- Community Store

- Convenience Store

00000

00000

4. Large trade based on fee or

contract (agency service/agent

commission)

46100 - - - - - √ - - - - - - -

00000 5. Survey Service:

- Cargo Condition Survey

- Land, sea and air transportation

facility survey and its

accessories

- Engineering and industrial

facility survey including

technical engineering

- Ecological Survey

- Survey on funding objects or

supervision warehousing

- Survey with or without

destroying the object.

- Quantity Survey.

- Supervision Survey on a

process activity according to the

- - - - - √ - - - - - - -

j. special license

Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

Page 63: Investiment Bkpm

63

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

applicable or agreed standard

- Survey on land/earth layers

(stones) and survey on surface

water in the ground.

6. Property/real estate broker based

on fee or contract

68200 - - - - - √ - - - - - - -

7. Rental Service of Land

Transportation Equipment (Rental

Without Operator)

77100

- - - - - √ - - - - - - -

- 8. Rental Agriculture Machinery and

its Equipment

Rental Construction Machinery

and Civil Engineering and its

Equipment

Rental Office Machinery and its

Equipment (including computers)

Other Rental Machinery that is not

Classified in Other Locations:

- Power Plant Machine

- Textile Machine

- Metal/Wood

77305

77306

77307

77309

-

- - - √ - - - - - - -

Page 64: Investiment Bkpm

64

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Processing/Implementing

Machine

- Printing Machine

- Electrical Welding Machine

9. Building Cleaning Service 81210 - - - - - √ - - - - - - -

10. Other Activity Services:

- Laundry Service

- Barbershop

- Beauty Salon

- Tailor

- Personal business that is not

classified in other locations

96200

96111

96112

96991

96999

- - - - - √ - - - - - -

-11. Large Trade of Liquor (importer,

distributor and sub-distributor)

Liquor Retail Business

Side walk vendor liquor business

46333

47231

47826

- - - - - - -

- - √ - Must have Business

License Certificate

(SIUP), Business

License

Certificate of Liquor

Business (SIUP-

MB), have

distribution network

and a special place.

Page 65: Investiment Bkpm

65

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 66: Investiment Bkpm

66

9. Culture and Tourism Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

1. Homestay 55130 √ - - - - - - - - - - - -

2. Tour Agent 79111 √ - - - - - - - - - - - -

3. Tour Guide Service Business 79920 √ - - - - - - - - - - - -

4. Art Studio 90001

90002

√ - - - - - - - - - - - -

5. Art Gallery 47781

47782

47783

47784

47785

47789

- - √ - - - - - - - Maximum

67% -

6. Film Technique Service

- Film Taking Studio

- Film Processing Laboratory

- Fill Dubbing Facility

- Film Printing and/or

Duplication

- Film taking facility

59122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maximum

49%

Maximum

49%

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 and

Location Ownership

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

j. Foreign capital

ownership

requirement and/or

location for capital

investment from

ASEAN countries

Page 67: Investiment Bkpm

67

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- Film editing facility

- Film subtitling facility

7. Art Performance Building 91025 - - √ - - - - - - - Maximum

67%

- -

8. Film Making 59112 - - - - - √ - - - - - - -

9. Film Distribution (export, import

and distribution)

59132 - - - - - √ - - - - - - -

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

11. Recording Studio (Cassette, VCD,

DVD, etc)

59201 - - - - - √ - - - - - - -

12. Film promotional facility

(advertisement, poster, stills,

photo, slide, negative, banner,

pamphlet, giant banner, folder, etc)

73100 - - - - - √ - - - - - - -

13. Hotel (Star 1-2):

- Two Star Hotel

- One Star Hotel

55114

55115

- - - - - - √ - - - Maximum

51%

It does not

contradict

Local

Regulation

14. Other Accommodation Service 55199 - - - - - - √ - - - Maximum

49%

(Maximum

51% if

partner

with

It does not

contradict

Local

Regulation

Page 68: Investiment Bkpm

68

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

UMKMK)

- - - - - - - - - √ Maximum

51%

- It is not

contradicted

by Local

Regulation

- Eastern

Indonesia

(Sulawesi,

Nusa

Tenggara,

Maluku,

Papua)

15. Guest House 55120 - - - - - - √ - - - Maximum

51%

It does not

contradict

Local

Regulation

16. Restaurant/Talam:

- Talam Kencana

- Talam Selaka

- Talam Gangsa

56101

56101

56101

- - - - - - √ - - - Maximum

51%

It does not

contradict

Local

Regulation

-

17. Restaurant/Non Talam Restaurant

56101

- - - - - - √ - - - Maximum

49%

(Maximum

51% if

partner

with

UMKMK)

It does not

contradict

Local

Regulation

-

18. Catering

56210 - - - - - - √ - - - Maximum

51%

It does not

contradict

-

Page 69: Investiment Bkpm

69

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

56290

(Maximum

51% if

partner

with

UMKMK)

Local

Regulation

19. Outbound Tour Operator

- Wisata Cakra Empat Tour

Operator Service

- Wisata Cakra Tiga Tour

Operator Service

- Wisata Cakra Dua Tour

Operator Service

- Wisata Cakra Satu Tour-

Operator Service

- Non Cakra Tour Operator

Service

79120

- - - - - - √ - - - Maximum

49%

(Maximum

51% if

partner

with

UMKMK)

It does not

contradict

Local

Regulation

-

20. Convention, Exhibition and

Incentive Tour Service

82301 - - - - - - √ - - - Maximum

51%

It does not

contradict

Local

Regulation

-

21. Impresario Business Service 90004 - - - - - - √ - - - Maximum

49%

(Maximum

51% if

partner

with

It does not

contradict

Local

Regulation

-

Page 70: Investiment Bkpm

70

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

UMKMK)

22. Cultural Tourism Object Business:

- Private Museum

- Cultural Heritage managed

privately

91022

91024

- - - - - - √ - - - Maximum

51%

It does not

contradict

Local

Regulation

-

93111

93113

93114

93115

93116

93117

93118

93119

- - - - - - √ - - - Maximum

49%

(Maximum

51% if

partner

with

UMKMK)

It does not

contradict

Local

Regulation

- 23. Recreational and Entertainment

Business (recreational park,

swimming facility, natural bathing

place, fishing pool, game area,

bowling facility, billiard parlor,

night club, discotheque, massage

parlor, spa parlor):

- Billiards

- Bowling

- Swimming

- Soccer

- Tennis

- Fitness

- Sports Center

- Other Sports Activities

- Golf (CPC 96413) 93112 - - - - - - √ - - - Maximum

49%

It does not

contradict -

Page 71: Investiment Bkpm

71

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

(Maximum

51% if

partner

with

UMKMK)

Local

Regulation

- - - - - - - - - √ Maximum

100%

- It does not

contradict

Local

Regulation

- Eastern

Indonesia

(Kalimantan,

Sulawesi, East

Nusa

Tenggara),

Bengkulu,

Jambi

- - - - - - - - - √ Maximum 51%

- It does not

contradict

Local

Regulation

- For region

other than

Eastern

Indonesia

(Kalimantan,

Sulawesi, East

Nusa

Tenggara)

Bengkulu,

Jambi

Page 72: Investiment Bkpm

72

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

24. Bar/Café/Singing Room (Karaoke) 56301

56303

93292

- - - - - - √ - - - Maximum

49%

(Maximum

51% if

partner

with

UMKMK)

- It does not

contradict

Local

Regulation

25. Dexterity 93293 - - - - - - √ - - - Maximum

67%

- It does not

contradict

Local

Regulation

26. SPA 96122 - - - - - - √ - - - Maximum

51%

- It does not

contradict

Local

Regulation

27. Natural tourism object business outside Conservation Areas

91034 - - √ - - - - - - - Maximum

51%

- -

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on Cooperative.

Page 73: Investiment Bkpm

73

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.

Page 74: Investiment Bkpm

74

10. Transportation Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

1. Container Transportation 49431 - - √ - - - - - - - Maximum

49%

2. General Cargo Transportation 49431 - - √ - - - - - - - Maximum

49%

3. Dangerous Cargo Transportation 49432 - - √ - - - - - - - Maximum

49%

4. Special Cargo Transportation 49432 - - √ - - - - - - - Maximum

49%

5. Heavy Equipment Transportation 49432 - - √ - - - - - - - Maximum

49%

6. Sea Transportation:

- Domestic

50111

50112

50113

50131

50132

50133

50134

-

-

-

-

-

-

-

-

-

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

and Location

Ownership

h. Special license

and foreign capital

i. ownership 100%

local capital and

special license

j. Foreign capital

Page 75: Investiment Bkpm

75

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- Overseas

50121

50122

50123

50141

50142

50143

- - √ - - - - - - - Maximum

49% - -

- Overseas (excluded cabotage)

- Overseas Sea Transportation

for Passengers (CPC 7211)

- Overseas Sea Transportation

for Cargo (CPC 7212)

50121

50122

50123

50141

50142

50143

- - - - - - - - - √ Maximum

60% - -

7. Ferry:

- General Ferry Inter Provincial

- Pioneer Ferry Inter Provincial

- General Ferry Inter

Regency/City

- Pioneer Ferry Inter

Regency/City

50214

50215

50216

50217

- - √ - - - - - - - Maximum

49% - -

ownership

requirement

and/or location for

capital investment

from ASEAN

countries

Page 76: Investiment Bkpm

76

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

- General Ferry inside a

Regency/City

50218

8. River and Lake Boat

Transportation < 30 GT:

- River and lake transportation

for permanent and regular route

passengers

- River and Lake Transportation

for non-permanent and irregular

passangers

- River and Lake for non-

permanent and irregular routes

for tourism

- River and Lake Transportation

for General Articles and/or

animals

- River and Lake Transportation

for Special Cargo

- River and Lake Transportation

for Dangerous Cargo

50211

50212

50213

50221

50222

50223

- - √ - - - - - - - Maximum

49%

- -

9. Providing port facility (pier, 52221 - - √ - - - - - - - Maximum - -

Page 77: Investiment Bkpm

77

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

building, container delay terminal,

liquid bulk terminal, dry bulk

terminal and Ro-Ro terminal)

52222

52223

49%

10. Providing port facility such as waste

storing

52109 - - √ - - - - - - - Maximum

49% - -

11. Salvage service and/or underwater

work

52229 - - √ - - - - - - - Maximum

49% - -

12. Terminal Supporting business 52211 - - √ - - - - - - - Maximum

49% - -

13. Airport Service 52230 - - √ - - - - - - - Maximum

49% - -

14. Air Transportation Supporting

Service (reservation system via

computer, ground handling for

passenger and cargo and aircraft

leasing)

51102

51202

52240

77304

- - √ - - - - - - - Maximum

49% - -

15. Air Transportation Non-Commercial

51109 - - √ - - - - - - - Maximum

49% - -

16. Services Related to Airport 52230 - - √ - - - - - - - Maximum

49% - -

- - √ - - - - - - - Maximum

49% - - 17. Unloading/loading Cargo (CPC

7412) 52240

- - - - - - - - - √ Maximum

60% - -

18. Transportation Arrangement Service

52291 - - √ - - - - - - - Maximum

49% - -

Page 78: Investiment Bkpm

78

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

19. Airplane Cargo Service 52294 - - √ - - - - - - - Maximum

49% - -

20. General Selling Agent (GSA) of

Foreign air transport company

79112 - - √ - - - - - - - Maximum

49% - -

21. Provision and Business for

Crossing Harbor

52223 - - - - √ - - - - - - - Must collaborate

with a company

appointed by

government

22. Provision and Business for river

and lake harbor

52223 - - - - √ - - - - - - - Must collaborate

with a company

appointed by

government

49211

49212

49213

49214

49214

- - - - - √ - - - - - - 23. Passenger Transportation

- On a Route

Bus/Village Transportation

- Not on a Route

Taxi

49421

24. People’s Shipping 50135 - - - - - √ - - - - - - -

Page 79: Investiment Bkpm

79

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

25. Commercial Air Transportation:

- Scheduled Commercial Air

Transportation

- Domestic Schedule

Commercial Air Transport

- Overseas Schedule

Commercial Air Transport

- Unscheduled Commercial Air

Transport

51101

51102

51103

51104

51105

- - - - - - - √ - - Maximum

49% - The national

capital owner

must remain

larger than the

entire foreign

capital owner

(single majority)

Note:

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 80: Investiment Bkpm

80

11. Communication and Informatics Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

1. Community Broadcasting Agency

(LPK)

Radio and television

60102

60202

√ - - - - - - - - - - - -

2. Telecommunication Service

includes:

- Telecommunication Kiosk

- Cable Installation to Homes

and Buildings

- Internet Kiosk

61914

43212

61924

√ - - - - - - - - - - - -

3. Telephone Value Added Service

Provider:

- Content Service (ring tone,

premium text, etc)

- Call Center

- Other Value Added Services

61911

61919

61919

- √ - - - - - - - - - - -

- - √ - - - - - - - Maximum

49%

4. Telecommunication Network

Provider:

- Fixed Network Provider:

- Local Based Cable by circuit

switch or packet switch

61100

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

and Location

Ownership

h. Special license

and foreign

capital

Ownership

i. 100% local

capital and

special license

j. Foreign capital

ownership

Page 81: Investiment Bkpm

81

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

-

-

-

-

-

-

-

-

-

Maximum

65%

-

-

technology

- Closed Fixed Network Provider

- Mobile Network Provider

- Cellular

- Satellite

61100

61200

61300 - -

√ - - - - - - - Maximum

65% - -

5. Multimedia Service, Internet

Service Provider

61921 - - √ - - - - - - - Maximum

49% - -

6. Multimedia Service Provider :

- Data communication system

service

- Telephone internet service for

public need

- Internet connection service

(NAP)

- Other multimedia services

61922

61923

61929

61929

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maximum

95%

Maximum

49%

Maximum

65%

Maximum

49%

-

-

-

-

-

-

7. - Establishment of Testing

Telecommunication Device

Agency (laboratory test)

71202 - - √ - - - - - - - Maximum

95%

- -

8. - Public Broadcasting Agency 60101 - - - - √ - - - - - - - Monopoly only for

Public Broadcasting

requirement

and/or location

for capital

investment from

ASEAN

countries

Page 82: Investiment Bkpm

82

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

(LPP) Radio and Television 60201 Agency Radio

Republic of

Indonesia (RRI),

Television Republic

of Indonesia

(TVRI), and Local

Public Broadcasting

(LPPL)

9. Provider, Management (Operation

and Renting) and Construction

Service Provider for

Telecommunication Tower

42217 - - - - - √ - - - - -

- -

10. Press Company 58130 - - - - - √ - - - - -

- -

11. Private Broadcasting Agency

(LPS)*

60102

60202

- - - - - √ - - - - -

- -

12. Subscription Broadcasting Agency

(LPB)*

60202 - - - - - √ - - - - -

- -

13. Mail Provider 53200 - - - - - - - √ - - Maximum

49%

- According to

regulatory terms in

Postal sector

Note:

1. √ = Following the column requirement

Page 83: Investiment Bkpm

83

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. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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. *) = Private Broadcasting Agency and Subscribed Broadcasting Agency may create additional development in order to meet

capital originating from foreign capital where the amount does not exceed twenty percent (20%) of the total capital and a

minimum ownership of two (2) shareholders.

12. Finance Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

Page 84: Investiment Bkpm

84

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

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

85% - -

2. Non-leasing Funding:

- Factoring Funding

- Consumer Funding

- Credit Card Funding

- Other Non-leasing Funding

64992

64922

64923

64929

- - √ - - - - - - - Maximum

85%

- -

3. Venture Capital 64991 - - √ - - - - - - - Maximum

80% - -

4. General Insurance Company 64991 - - √ - - - - - - - Maximum

80% - -

5. Life Insurance Company 65111

65112

- - √ - - - - - - - Maximum

80% - -

6. Reinsurance Company 65121

65122

- - √ - - - - - - - Maximum

80%

- -

7. General Insurance Adjuster

Company

66210 - - √ - - - - - - - Maximum

80% - -

8. Insurance Agent Company 66221 - - √ - - - - - - - Maximum

80% - -

9. Insurance Broker Company 66222 - - √ - - - - - - - Maximum

80% - -

10. Reinsurance Broker Company 66223 - - √ - - - - - - - Maximum

80% - -

11. Actuary Consulting Company 66291 - - √ - - - - - - - Maximum

80% - -

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 and

Location

Ownership

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

j. Foreign capital

ownership Remark

requirement and/or

location for capital

Page 85: Investiment Bkpm

85

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

12. Pension Fund 65300 - - - - - √ - - - - - - - investment from

ASEAN countries

Note:

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

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 86: Investiment Bkpm

86

13. Banking Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

1. Non Foreign Exchange Bank 64132

65122

- - - - √ - - - - - -

2. Foreign Exchange Bank 64124

64125

- - - - √ - - - - - -

3. Sharia Bank 64131 - - - - √ - - - - - -

4. Money Market Broker Company 64190 - - - - √ - - - - - -

Based on Law

Number 7 of 1992

on Banking, Law

Number 23of 1999

on Bank Indonesia

and Law Number

21of 2008 on

Sharia Banking,

and its

implementation

regulations.

Based on Law No.

23of 1999 on Bank

Indonesia and its

amendment and

implementation

regulations.

5. Conventional BPR 64127 - - - - - √ - - - - - -

6. Sharia BPR 64132 - - - - - √ - - - - - -

7. Foreign Exchange Trader 66197 - - - - - √ - - - - - -

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

and Location

Ownership

h. Special license

and foreign

capital

ownership

i. 100% local

capital and

special license

Page 87: Investiment Bkpm

87

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

Note:

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

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 88: Investiment Bkpm

88

14. Manpower and Transmigration Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

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%

2. Worker/Labor Service Provider

(Registration process, recruitment,

document handling, (among others

work agreement), negotiation to

obtain work from employer,

employ worker/labor, such as

cleaning service work, security,

catering and other supporting

work)

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%

a. Reserved for

Micro, Small,

Medium

Enterprises and

Cooperatives

b. Partnership

c. Foreign Capital

Ownership

d. Certain location

e. Special licens

f. 100% local

capital

g. Foreign Capital

and Location

Ownership

h. Special license

and foreign

capital

Ownership

i. 100% local

capital and

special license

Page 89: Investiment Bkpm

89

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j c d e

Remark

technical vocation and

engineering, business

administration, language, tourism,

management, information

technology, art and agriculture

directed to provide the work force

in entering the working world)

4. Agriculture Business Activity

(crop, horticulture, plantation and

husbandry) and fisheries in

Transmigration Areas

011

012

016

032

- - - - √ - - - - - - - Required to

obtain

Transmigration

Implementation

License from the

Minister of

Manpower and

Transmigration

5. Indonesian Worker Placement

Service for Overseas (recruitment

process, document handling,

education and training, shelter,

pre-departure preparation,

Candidates of Indonesian

Worker’s/CTKI departure and

return)

78102 - - - - - √ - - - - - - -

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

Page 90: Investiment Bkpm

90

Note:

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

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 91: Investiment Bkpm

91

15. Education Sector

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j C d e

Remark

1. Non-formal Education:

- Private Computer Education

Service

- Private Language Education

Service

- Private Beauty and Personality

Education Service

- Other Private Skills Education

85492

85493

85494

85499

- - √ - - - - - - - Maximum 49%

- -

2. Early Education 85602

85603

- - - - √ - - - - - - - According to

Law No. 20 of

2003 on

National

Education

System

(Sisdiknas) and

its

implementation

Regulations

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

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 and

Location

Ownership

h. Special license

and foreign

capital

Page 92: Investiment Bkpm

92

Conditions Details of Conditions No. Business fields KBLI a b c d e f g h i j C d e

Remark

- Private Elementary School

Education Service

- Private Junior High School

- Private General Senior High

School Service

- Private Senior High School

Vocational Service

85121

85122

85220

85240

Law No. 20 of

2003 on

National

Education

System

(Sisdiknas) and

its

implementation

Regulations

4. Higher Education:

- Private Higher Education

Service Degree Program

- Private Higher Education

Service Non-Degree Program

85321

85322

- - - - √ - - - - - - - According to

Law No. 20 of

2003 on

National

Education

System

(Sisdiknas) and

its

implementation

Regulations

ownership

i. 100% local

capital and

special license

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

Note:

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

Page 93: Investiment Bkpm

93

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 94: Investiment Bkpm

94

16. Health Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Pharmaceutical Industrial

Business:

- Raw Material Medicine

Industry

- Patent Medicine Industry

21011

21012

- - √ - - - - - - - Maximum 75%

-

2. Business and Management

Consulting Industry (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. Drug Producer (Pharmaceutical

Industry):

21012

- - - - √ - - - - - - - Special

License

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 and

Location

Ownership

h. Special license and

foreign capital

ownership

i. 100% local capital

and special license

j. Foreign capital

ownership

requirement and/or

location for capital

investment from

Page 95: Investiment Bkpm

95

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

from the

Minister of

Health

7. Pharmaceutical Drug Wholesaler 46693

- - - - √ - - - - - - - Special

License

from the

Minister of

Health

8. Traditional Medicine Process 21022

- - - - - √ - - - - - -

9. Traditional Medicine Business

Industry

21022

- - - - - √ - - - - - -

10. Pharmaceutical Wholesaler 46693 - - - - - √ - - - - - - -

11. Pharmaceutical Raw Material

Wholesaler

46693 - - - - - √ - - - - - - -

12. Pharmacy (Pharmacist Profession

Practitioner)

47722 - - - - - √ - - - - - - -

13. Drug Store /Public Pharmacy 47723 - - - - - √ - - - - - - -

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

15. Private Maternity Hospital 86103 - - - - - √ - - - - - - -

16. General Hospital/Public

Healthcare Clinic

86104 - - - - - √ - - - - - - -

17. Other Hospital Service 86109 - - - - - √ - - - - - - -

ASEAN countries

Page 96: Investiment Bkpm

96

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 18. Basic Health Service Facility 86109 - - - - - √ - - - - - - -

19. Health Worker Individual Practice:

- General Practitioner

- Specialist Doctor

- Dentist Practice

- Health Service performed by

Paramedics

- Traditional Health Service

86201

86202

86203

86901

86902

- - - - - √ - - - - - - -

20. Supporting Health Service:

- Ambulance Service

- Pest Control

Service/Fumigation

86904

86903

- - - - - √ - - - - -

-

-

21. Specialist/Sub-specialist Hospital

Service (200 Beds)

86103 - - - - - - √ - - - Maximal 67%

Can be

conducted

all over

Indonesia

-

22. Other Hospital Services (Mental

Rehabilitation Clinic)

86109 - - - - - - √ - - - Maximal 67%

Can be

conducted

all over

Indonesia

-

23. Specialist Medical Clinic 86104 - - - - - - √ - - - Maximal 67%

Can be

conducted

all over

Indonesia

-

Page 97: Investiment Bkpm

97

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 24. Dental Clinic 86203 - - - - - - √ - - - Maximal

67% Can be

conducted

all over

Indonesia

-

- - - - - - √ - - - Maximal 49%

Can be

conducted

all over

Indonesia

- 25. Nursing Service/CPC 93191)

86901

- - - - - - - - - √ Maximal 51%

Medan

and

Surabaya

-

26 Supporting Health Services

(Medical Equipment Rental)

86903 - - - - - - √ - - - Maximal 49%

Can be

conducted

all over

Indonesia

-

27. Supporting Health Service:

- Laboratory Clinic

- Medical Check Up Clinic

86903

86903

- - - - - - √ - - - Maximal 67%

Can be

conducted

all over

Indonesia

-

Note:

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

Page 98: Investiment Bkpm

98

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Page 99: Investiment Bkpm

99

17. Security Sector

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e 1. Security Consulting Service 74909 - - - - - - - √ - - Maximal

49% - Operational

License from

Headquarters

of the

Republic of

Indonesian’s

Police

2. Security Worker Provider Service 80100 - - - - - - - √ - - Maximal 49%

- Operational

License from

Headquarters

of the

Republic of

Indonesian’s

Police

3. Money and Valuable Goods

Transport Escorting Service

80100 - - - - - - - √ - - Maximal 49%

- Operational

License from

Police

Headquarters

of the

Republic of

Indonesian

4. Security Equipment

Implementation Service

80200 - - - - - - - √ - - Maximal 49%

- Operational

License from

Police

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 and

Location

Ownership

h. Special license

and foreign

capital

Ownership

i. 100% local

capital and

Page 100: Investiment Bkpm

100

No. Business fields KBLI Conditions Details of Conditions Remark a b c d e f g h i j c d e

Headquarters

of the

Republic of

Indonesia

5. Security Education and Training

Service

85491 - - - - - - - √ - - Maximal 49%

- Operational

License from

Police

Headquarter

of the

Republic of

Indonesia

6. Animal Provider Service (K9) 96999 - - - - - - - √ - - Maximal 49%

- Operational

License from

Headquarter

of the

Republic of

Indonesian’s

Police

special license

j. Foreign capital

ownership

requirement

and/or location

for capital

investment

from ASEAN

countries

Note:

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

Page 101: Investiment Bkpm

101

3. What is meant by Micro, Small, Medium Enterprises and Cooperatives (UMKMK) in this Presidential Regulation is individual or

business entities that fulfill the criteria as meant in Law Number 20 of 2008 on Micro, Small, Medium Enterprises and

Cooperatives and Law Number 25 of 1992 on 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.

Signed by

DR. H. SUSILO BAMBANG YUDHOYONO

Original Copy

Deputy Cabinet Secretary

Legal Division

Signed by

Dr. M. Imam Santoso