Indonesia Standard Business Field Classification For Real Estate Sector
This category covers a wide range of real estate activities, including renting, leasing, brokerage, and intermediary services for property transactions. It also includes real estate management, property appraisal, and acting as agents for estate executors. Whether conducted independently or on behalf of clients, these services can operate on a fee or contract basis. Additionally, it encompasses building construction when combined with property maintenance or leasing. In essence, this category revolves around managing and facilitating real estate transactions, covering both land and buildings.
Groups code: 68 Real Estate
| Groups Code | Classes | Sub - Classes | PBUMKU |
|---|---|---|---|
| 681 | 6811 (Real estate owned or leased) | 68111 (Real Estate Owned or Leased) | (recrQJdkgLDtwo0Rw) Recommendations for Utilizing Small Islands with an Area of Less Than 100 km2 |
| (recwSmmJbcGTwTyoY) Compliance Certificate for Processed Food Safety Management System Commitment in Distribution Facilities | |||
| 68112 (Rental of Venues for Meetings, Incentives, Conferences, and Events (MICE) and Special Events) | - | ||
| 6812 (Tourism Area) | 68120 (Tourist Area) | (rec2vUPeG2eXrd686) Health Certificate - In the Region | |
| (recVPOqZIb9pmJjPV) Health Certificate - at Airports, Ports, and Cross-Border Land Entry Points | |||
| 6813 (Industrial Zone) | 68130 (Industrial Area) | - | |
| 682 | 6820 (Real Estate on a Fee or Contract Basis) | 68200 (Fee-Based or Contractual Real Estate) | - |
681: Real Estate Ownership, Leasing & Tourist Area Development
This category includes the ownership, leasing, and operation of real estate properties such as residential buildings, commercial spaces, malls, and shopping centers. It also covers long-term accommodations on a monthly or yearly basis, as well as self-managed construction projects and the development of tourist areas. However, it excludes hotel operations, short-term rentals, and general building project development.
Key Activities
| 1. Real Estate Ownership: |
|---|
| - Acquisition and Management: Buying, holding, and managing properties for rental income or value appreciation. |
| - Property Maintenance and Upgrades: Regular maintenance and strategic upgrades to maintain property value and attract tenants. |
| - Market Analysis: Studying market trends to make informed investment decisions. |
| 2. Leasing: |
|---|
| - Lease Negotiation and Management: Negotiating lease terms, managing tenant relationships, and handling disputes. |
| - Tenant Screening and Selection: Ensuring reliable tenants through thorough screening processes. |
| - Rent Collection and Accounting: Managing financial aspects of leasing, including rent collection and accounting. |
| 3. Tourist Area Development: |
|---|
| - Project Planning and Development: Planning and executing development projects in tourist areas, such as hotels, resorts, or attractions. |
| - Marketing and Promotion: Promoting tourist areas and related businesses to attract visitors. |
| - Infrastructure Development: Developing necessary infrastructure to support tourism, such as transportation systems or amenities. |
| 4. General Activities: |
|---|
| - Legal Compliance: Ensuring all activities comply with local laws and regulations. |
| - Financial Planning: Managing finances, including investments, loans, and tax strategies. |
| - Risk Management: Identifying and mitigating risks associated with real estate investments and development projects. |
682: Real Estate Services on a Fee or Contract Basis
The classification 6820 refers to Real Estate Activities on a Fee or Contract Basis. This category includes a variety of services related to real estate that are provided for a fee or under a contractual agreement. Here are some of the key activities included in this classification:
Key Activities
- Real Estate Agents and Brokers: Activities of real estate agents and brokers who facilitate transactions for a fee.
- Intermediation Services: Intermediation in buying, selling, and renting of real estate on a fee or contract basis.
- Real Estate Management: Management of real estate properties for clients on a fee or contract basis.
- Appraisal Services: Providing appraisal services to determine the value of real estate properties.
- Escrow Agent Services: Activities of real estate escrow agents who handle financial transactions related to property sales.
Looking to navigate the real estate sector under the KBLI classification in Indonesia? Whether you’re investing, managing, or developing properties, understanding the right legal framework is crucial. Our expert legal team is here to guide you through every step—ensuring compliance, smooth transactions, and hassle-free operations. Get a free consultation today and let us help you make informed decisions for your real estate business. Contact us now!
Disclaimer
The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.
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