If you are foreign investor, you can establish Foreign Direct Investment Company known as PT PMA or just a Representative Office. However, according to the rules of business in Indonesia, several business sectors are closed for foreign investors. Negative Investment List issued by Government of Indonesia provides details about

what business sectors are either partially closed or fully closed for foreign investors.

You can download the Latest Negative Investment List. Consequently, foreign investors must form a local PT company to start a business in that sector which has restrictions for foreign investors in Indonesia. Foreign investors can form Local PT company through Local nominee shareholder. Read more about local nominee company here.