BUPM: Bidang Usaha Penanaman Modal

Based on Presidential Regulation Number 10 of 2021 as amended by Presidential Regulation Number 49 of 2021 concerning Amendments to Presidential Regulation Number 10 of 2021 Concerning Business Fields for Investment. PRIORITY BUSINESS FIELDS ALLOCATED BUSINESS FIELDS AND PARTNERSHIP WITH COOPERATIVES AND MSMEs BUSINESS FIELDS WITH SPECIFIC REQUIREMENTS CLOSED BUSINESS FIELDS Business fields that are open to Large Enterprises partnering with Cooperatives and MSMEs are determined based on criteria: Business fields widely undertaken by Cooperatives and MSMEs; and/or Business fields encouraged to enter the supply chain of Large Enterprises.

Main equipment industry: Military vehicle industry

Maximum 49% foreign capital; or In the event of strategic interest, foreign capital may exceed 49% with the approval of the Minister of Defense

Domestic pioneering sea transportation for passengers

Maximum 49% foreign capital

General crossing transport between regencies/cities

Maximum 49% foreign capital

River and lake transport with non-regular routes for tourism

Maximum 49% foreign capital

River and lake transport for hazardous goods

Maximum 49% foreign capital

Scheduled commercial air transport

Maximum 49% foreign capital and the national capital owner must remain greater than the total foreign capital owners (single majority)

Air transportation activities

Maximum 49% foreign capital and the national capital owner must remain greater than the total foreign capital owners (single majority)

Courier activities

Maximum 49% foreign capital

Private Broadcasting Institution (LPS)

100% domestic capital for establishment and maximum 20% foreign capital for business expansion or development

Wholesale trade of liquor/alcoholic beverages (importer, distributor, and sub-distributor)

Strictly limited and supervised and regulated in separate legislation in the field of control and supervision of alcoholic beverages

Coffee processing industry that has obtained geographical indications

100% domestic capital

Main equipment industry: Weapons and ammunition industry

Maximum 49% foreign capital; or In the event of strategic interest, foreign capital may exceed 49% with the approval of the Minister of Defense

Main equipment industry: Defense radar industry for weapon systems

Maximum 49% foreign capital; or In the event of strategic interest, foreign capital may exceed 49% with the approval of the Minister of Defense

Main equipment industry: Warship industry

Maximum 49% foreign capital; or In the event of strategic interest, foreign capital may exceed 49% with the approval of the Minister of Defense

Ship industry: Pinisi Outrigger Other wooden ships with traditional design characteristics

100% domestic capital

Domestic sea transport for special goods

Maximum 49% foreign capital

Pioneer crossing transport between regencies/cities

Maximum 49% foreign capital

River and lake transport for general goods and/or animals

Maximum 49% foreign capital

Publishing of newspapers, magazines, and bulletins (press)

100% domestic capital for establishment and maximum 49% foreign capital (through capital market) for business expansion or development

Umrah and special Hajj pilgrimage travel bureau activities

100% domestic capital and must be Muslim

Retail trade of liquor or alcoholic beverages

Strictly limited and supervised and regulated in separate legislation in the field of control and supervision of alcoholic beverages

Street retail trade of liquor or alcoholic beverages

Strictly limited and supervised and regulated in separate legislation in the field of control and supervision of alcoholic beverages

Batik industry: Stamp batik industry

100% domestic capital

Main equipment industry: Military aircraft industry

Maximum 49% foreign capital; or In the event of strategic interest, foreign capital may exceed 49% with the approval of the Minister of Defense

Domestic liner and tramper sea transport for passengers

Maximum 49% foreign capital

Domestic sea transport for tourism

Maximum 49% foreign capital

Domestic liner and tramper sea transport for goods

Maximum 49% foreign capital

Domestic pioneering sea transport for goods

Maximum 49% foreign capital

Domestic sea transport for people’s shipping

Maximum 49% foreign capital

Pioneer crossing transport between provinces

Maximum 49% foreign capital

General crossing transport within regency/city

Maximum 49% foreign capital

Domestic non-scheduled commercial air transport

Maximum 49% foreign capital and the national capital owner must remain greater than the total foreign capital owners (single majority)

Subscription Broadcasting Institution (LPB)

100% domestic capital for establishment and maximum 20% foreign capital for business expansion or development

Wood building materials industry

100% domestic capital

Traditional cosmetics industry

100% domestic capital

Raw material industry for traditional medicines for humans

100% domestic capital

Domestic sea transport for special goods

Maximum 49% foreign capital

Overseas liner and tramper sea transport for goods

Maximum 49% foreign capital

General crossing transport between provinces

Maximum 49% foreign capital

River and lake transport for passengers with regular routes

Maximum 49% foreign capital

River and lake transport for passengers with non-regular routes

Maximum 49% foreign capital

River and lake transport for special goods

Maximum 49% foreign capital

Art studios

100% domestic capital