Bali, Indonesia, is a popular destination for foreign investors looking to set up entertainment and recreational businesses.
With its thriving tourism industry and diverse range of venues, setting up a foreign-owned company in this sector can be an exciting opportunity.
One key aspect to consider when setting up such a business is the KBLI code 93299, which covers various entertainment and recreational activities not included in the codes 93291 to 93294.
This code encompasses the operation of ski hills, rental of recreational and entertainment equipment integral to recreational facilities, operation of fairs and natural recreation shows, and other amusement and recreation activities.
It also includes the activities of producers or entrepreneurs of live shows other than sports or arts events, with or without facilities.
Understanding the requirements and implications of KBLI code 93299 is crucial for successfully navigating the process of setting up a foreign-owned entertainment and recreational business in Bali.
Overview
KBLI Code 93299 covers a variety of entertainment and recreational activities that are not included in codes 93291 to 93294.
These activities include operational ski hills, rental of recreational and entertainment equipment as part of integrated recreational facilities, the operation of natural recreational shows, fairs, and other related activities.
Additionally, it encompasses producers or entrepreneurs of live shows other than sports or arts performances, with or without facilities.
This category aims to cater to niche segments within the tourism and entertainment industry in Indonesia.
Legal Basis
The legal framework for KBLI Code 93299 falls under the regulation of the Minister of Tourism and Creative Economy / Head of the Tourism and Creative Economy Agency of the Republic of Indonesia, specifically Regulation Number 7 of 2021.
This regulation outlines the legal requirements and standards for operations within the entertainment and recreational sector.
Type of License
The specific type of business license required for activities under KBLI Code 93299 is not explicitly detailed in the provided text, indicating that a standard business license might suffice unless specified otherwise by local regulations or additional guidelines set forth by relevant authorities.
Coverage of Service
Services under this KBLI code can include a wide range of entertainment and recreational services, from skiing facilities to equipment rentals and event management for natural recreational shows and other entertainment events.
The scope of services is broad, providing businesses the flexibility to offer various recreational activities.
Business Scale, Land Area, and Risk Level
The business operating under KBLI Code 93299 is categorized as a large enterprise, indicating that it requires significant capital investment and has a broad operational scope.
There are no specific regulations concerning the land area for these businesses, providing flexibility in the choice of operational locations and facility sizes.
The risk level for businesses in this sector is classified as low, potentially simplifying the compliance process and reducing the costs associated with insurance and safety measures.
Authorities Granting Licenses
The authority to grant licenses for businesses under KBLI Code 93299 is vested in the Minister or the Head of the Creative Economy Agency, highlighting the centralized nature of regulatory approvals in this sector.
Requirements and Obligations for Business Licensing
While specific requirements for obtaining a business license under KBLI Code 93299 are not detailed, implying that standard business registration procedures may apply, businesses must comply with K3L standards.
These standards encompass safety, health, and environmental sustainability practices, ensuring that businesses operate responsibly and contribute to the safety and well-being of their employees and customers.
This compliance is crucial for maintaining operational integrity and fostering a positive public image.
Frequently Asked Questions
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What types of businesses fall under KBLI Code 93299 in Bali?
Businesses under KBLI Code 93299 in Bali include the operation of ski hills, rental of recreational and entertainment equipment, operation of natural recreation shows and fairs, and other amusement activities. It also covers live show productions that are neither sports nor arts events.
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What makes Bali an attractive location for foreign-owned entertainment businesses?
Bali's thriving tourism industry, diverse venues, and vibrant cultural backdrop make it an ideal location for entertainment and recreational businesses. The island's popularity among international tourists offers a steady market for new ventures.
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What are the key considerations when setting up an entertainment business in Bali under KBLI Code 93299?
Key considerations include understanding the local business climate, aligning with KBLI Code 93299 requirements, securing the appropriate licenses, and ensuring compliance with Indonesian business laws and safety standards.
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What is the potential market for entertainment services in Bali?
The market potential is significant due to Bali's status as a top international tourist destination, attracting millions of visitors annually who seek diverse entertainment and recreational experiences.
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