Home Blog Licensing Procedures for Imports and Exports of Oil, Gas and Other Fuels in Indonesia Business Licenses | Business Setup Licensing Procedures for Imports and Exports of Oil, Gas and Other Fuels in Indonesia InCorp Editorial Team 11 July 2019 4 minutes reading time Table of Contents The Implementation of Regulation 21/2019 Getting Your Business License in Indonesia with Cekindo PwC reported that Indonesia has the sixth largest coal bed methane reserves in the world at 453 trillion cubic feet with shale gas reserves estimated at 574 trillion cubic feet. In addition, according to the BP Statistical Review of World Energy 2018, the natural gas reserves in Indonesia were recorded at 102.9 trillion cubic feet. Gas production in Indonesia has reached 68 billion m3, contributing to 60% of the country’s total oil and gas production. In order to improve the control over exports and imports of oil, gas and other fuels in Indonesia, as well as to simplify the business license process in Indonesia, the Regulation No. 21 of 2019 on Export and Import Provisions for Oil, Gas and Other Fuels has been issued by the Minister of Trade. This newly enacted regulation will replace the Regulation of the Minister No. 03/M-DAG/PER/1/2015. The Implementation of Regulation 21/2019 Generally, Regulation 21/2019 covers issues with regard to securing relevant imports and exports licenses for oil, gas, and other fuels in Indonesia: Scope of exported and imported fuels Oil, gas and other fuels exports requirements and procedures Oil, gas and other fuels imports requirements and procedures Scope of Exported and Imported Fuels Types of imported and exported oils, gas, and other fuels for exports and imports that are included in the Regulation 21/2019 are stated in the following: Oil Oil with HS Code 27.09. It includes petroleum oils with its derivation from minerals that contain raw bitumen Oil with HS Code 27.10. It includes petroleum oils deriving from minerals that contains non-raw bitumen Gas Gas with HS Code 27.11. It includes petroleum gas and other hydrocarbon gas Gas with HS Code 29.09. It includes ether, ether-phenol, and ether alcohol Other Fuels Fuel with HS Code 22.07. It includes ethyl alcohol with 80% alcohol and has not been denatured Fuel with HS Code 38.26. It includes bio-diesel and other related mixes The exports and imports of oil, gas and other fuels that are used for research purposes or as samples are exempted from the mentioned provisions. However, importers and exporters must first get approval from the Directorate General of Foreign Trade Oil, Gas and Other Fuels Exports Requirements and Procedures Exports of oil, gas and other fuels can only be carried out by the following parties, only if they have registered themselves as exporters and have secured the export approval from the Minister of Trade: Oil and Gas Business entities (Badan Usaha or BU) with upstream and downstream oil-and-gas business operations Permanent establishments (Bentuk Usaha Tetap or BUT) with upstream oil-and-gas business operations Other Fuels BU with other fuels business operations State-owned Oil and Gas Registered oil-and-gas exporters appointed by an oil-and-gas authority with export approval from the Minister of Trade New Online Mechanism for Oil, Gas, and Other Fuels Exporters Registration as Exporters Online application submission to the Directorate General Decisions will be made in 5 working days Registration certificate is issued electronically and is valid for three years Obtaining Export Approval Online application submission to the Directorate General Decisions will be made in 5 working days The validity is based on Export Recommendation Oil, Gas and Other Fuels Imports Requirements and Procedures Imports of oil, gas and other fuels can only be carried out by the following parties, only if they have secured the import approval from the Minister of Trade: Oil and Gas BU with upstream and downstream oil-and-gas business operations Direct consumers of oil, gas and other fuels Other Fuels BU with other fuels business operations Direct consumers of oil, gas and other fuels New Online Mechanism for Oil, Gas, and Other Fuels Importers Imports of oil, gas and other fuels do not require importer registration anymore. Only import approval is needed. Obtaining Import Approvals Online application submission to the Directorate General Decisions will be made in 3 working days The validity is based on Import Recommendation Getting Your Business License in Indonesia with Cekindo A good understanding of the import and export rules and regulations in Indonesia is crucial to any business. Cekindo can help simplify the process to get your business license in Indonesia for you while complying with the latest regulations on oil, gas and other fuels exports and imports. Get in touch by filling in the form below or visit our offices in Jakarta, Bali and Semarang. Read Full Bio Verified by Hotdo Nauli Senior Legal & Delivery Manager at InCorp Indonesia Hotdo heads the Legal and Delivery team at InCorp Indonesia, managing Product Registration, Legal Advisory, and Business Licensing. With over 8 years of experience, she focuses on compliance and integrity, ensuring all client operations align with Indonesian laws and regulatory standards, including contract reviews and sector-specific licenses. She is also a licensed advocate and a member of the Indonesian Advocates Association (PERADI). Frequently Asked Questions Will the government check the minimum paid-up capital for doing business in Indonesia? The government will check the minimum paid-up capital, IDR 10,000,000,000. Fulfilling this requirement is a must. Does a PMA company in Indonesia have to meet certain criteria before it can distribute dividends? Dividends can be distributed from company net profits after allocating reserves, depending on a positive profit balance. Approval from the general meeting of shareholders is necessary. Interim dividends may be distributed if specific requirements are met. How is the process of liquidating a PMA company in Indonesia, and how long does it take? The procedures for (voluntarily) liquidation typically involve the following steps: Conduct a general shareholder meeting to approve the liquidation and the liquidator’s nomination Notify the Ministry of Law and Human Rights as well as the creditors of the liquidation and the distribution plan for the assets by newspaper notice All business licenses and tax numbers should be canceled or revoked; the tax office will conduct a tax audit to revoke the tax number Make sure creditors are paid and that any liquidation funds are distributed to shareholders (if any) Conduct a general meeting of shareholders to approve the liquidator’s discharge and acquittal Notify the Ministry of Law and Human Rights of the liquidation’s outcome. After receiving the notification, the Ministry of Law and Human Rights will deregister the company’s status as a legal entity and remove its name from the Company Registry Release the liquidation’s outcome in a newspaper Completing the liquidation process can take around two years. What are the shareholder rights in a PMA company? Shareholders of a PMA Company in Indonesia have various rights, including voting rights in general meetings, entitlement to dividends and liquidation proceeds, and access to information. They must approve significant matters through general meetings of shareholders with specified quorums, such as: Amending articles of association Changing share capital Appointing or dismissing directors and commissioners Approving major transactions, dividends, and financial statements Company reorganization Get in touch with us. 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