Negative Investment List in ID

On 18 May 2016, the Indonesian Government enacted Presidential Regulation No. 44 of 2016, which sets out the new negative investments list (the “2016 Indonesia Negative Investment List”) and revokes the 2014 Negative List. This Regulation is known as Regulation othe President of the Republic of Indonesia Number 44 Year 2016. 

The following below are the lists of business fields that are closed to and business fields that are open with condition to investment. 

 Negative Investment List Indonesia

Agricultural Sector 

No. Business Field Conditions 
 Seeding/seedling business of staple food crops in an area of more than 25 Ha  
1 Rice Foreign capital ownership: Max.49% 
2 Corn Foreign capital ownership: Max.49% 
3 Soybean Foreign capital ownership: Max.49% 
4 Groundnut Foreign capital ownership: Max.49% 
5 Mung Bean Foreign capital ownership: Max.49% 
6 Other food crops (cassava and sweet potato) Foreign capital ownership: Max.49% 
 Business with the same or exceeding a certain 

capacity 

 
7 Industry of crude vegetable and animal oils 

(edible oils) 

a. Foreign capital ownership: Max.95% 

b. Minimum of 20% raw materials sourced from own plantation 

8 Copra, fiber, shell charcoal, dust, nata de coco 

Industry 

a. Foreign capital ownership: Max.95% 

b. Minimum of 20% raw materials sourced from own plantation 

9 Coconut oil Industry a. Foreign capital ownership: Max.95% 

b. Minimum of 20% raw materials sourced from own plantation 

10 Palm oil Industry a. Foreign capital ownership: Max.95% 

b. Minimum of 20% raw materials sourced from own plantation 

11 Peeling, cleaning, drying, and sorting of 

plantation products Industry (cocoa beans and 

coffee beans) 

a. Foreign capital ownership: Max.95% 

b. Minimum of 20% raw materials sourced from own plantation