Can foreigners operate a jewellery & watch wholesale business in Indonesia?

Yes. KBLI 46494 (Perdagangan Besar Perhiasan dan Jam) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 46494?

KBLI 46494 has a Rendah risk classification. Required license: NIB. Processing time: Otomatis.

KBLI 46494 is the Indonesian business classification code for "Perdagangan Besar Perhiasan dan Jam" (Jewellery & Watch Wholesale). It falls under Section G of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025), effective June 18, 2026.

How did KBLI 46494 change from KBLI 2020 to 2025?

KBLI 46494 was mapped from previous code 46494 (KBLI 2020). All businesses must migrate to KBLI 2025 by June 18, 2026 per BPS Regulation 7/2025.

Breadcrumb

wholesale commerce of jewelry and luxury watches

KBLI 46494★ Gold-Tier Intel

Jewellery & Watch Wholesale

Perdagangan Besar Perhiasan dan Jam

🛒 Section G — Wholesale & Retail Trade

✅Open· 100% ForeignLow RiskDirect Match

Wholesale distribution of jewelry and watches - This classification applies to businesses trading bulk quantities of precious ornaments and timepieces. It specifically covers complete watches, jewelry items, and watch components like cases, straps, frames, and internal movements. The code is intended for B2B distributors rather than retail shops selling directly to end consumers.

Licensing & Requirements