Bali’s natural beauty and thriving tourism industry make it an attractive destination for launching a foreign investment company focused on stadium facilities (KBLI Code 93111).
This business sector encompasses the provision of stadiums, grounds, and facilities for football, hockey, cricket, baseball, athletics (running, throwing, jumping), and other sporting activities.
The KBLI Code 93111 category also covers the operation of schools or educational institutions dedicated to these sports, if managed by the same company.
With its tropical climate and growing sports tourism market, Bali offers ample opportunities for foreign investors to establish world-class sports facilities and tap into the island’s potential as a premier sports destination in Indonesia.
Overview
This category encompasses businesses that provide spaces and facilities primarily for sports such as football, hockey, cricket, baseball, and athletics (running, throwing, jumping, etc.), along with other stadium amenities.
It also includes the management of schools or educational institutions focused on these sports, operated independently.
Legal Basis
The operations of sports facilities under KBLI Code 93111 are governed by the regulation of the Minister of Tourism and Creative Economy/Head of the Tourism and Creative Economy Agency of the Republic of Indonesia Number 7 of 2021.
Type of License
The businesses operating under KBLI Code 93111 are required to obtain a general business license pertaining to sports and recreational facilities, which is overseen by national regulations concerning foreign investments and specific sports operations.
Coverage of Service
The license covers the provision and management of facilities for various sports, including but not limited to football, baseball, cricket, and athletics.
This includes both the physical infrastructure and the organizational aspect of sports education and training programs.
Business Scale, Land Area, and Risk Level
This business is classified as a large-scale enterprise.
The regulation does not specify a minimum land area requirement for establishing such facilities, and the risk level associated with this type of business is considered low.
Authorities Granting Licenses
The authority to grant licenses for this type of business falls under the Ministry of Tourism and Creative Economy/Head of the Tourism and Creative Economy Agency.
This centralized authority ensures uniformity in the standards and regulations enforced across the country.
Requirements and Obligations for Business Licensing
While there are no specific requirements mentioned for obtaining the business license in this category, businesses are obliged to adhere to K3L (Health, Safety, and Environmental) standard certifications.
These certifications are crucial for ensuring the safety of the facilities and compliance with environmental guidelines.
Frequently Asked Questions
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What types of sports facilities can be established under KBLI Code 93111?
Businesses operating under KBLI Code 93111 can provide facilities for various sports, including football, hockey, cricket, baseball, jai-alai, athletics (running, throwing, jumping), and other sporting activities, as well as manage related educational institutions focused on these sports.
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Can a foreign investment company operate sports facilities and educational institutions under KBLI Code 93111?
Yes, KBLI Code 93111 allows foreign investment companies to establish and manage both sports facilities and educational institutions focused on sports like football, hockey, cricket, baseball, and athletics.
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What type of business license is required for operating under KBLI Code 93111?
Businesses operating under KBLI Code 93111 are required to obtain a general business license pertaining to sports and recreational facilities, overseen by national regulations concerning foreign investments and specific sports operations.
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What are the potential business opportunities for foreign investors in Bali under KBLI Code 93111?
With its tropical climate and growing sports tourism market, Bali offers ample opportunities for foreign investors to establish world-class sports facilities and tap into the island's potential as a premier sports destination in Indonesia under KBLI Code 93111.
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