Not all PT
can be entirely owned by foreign investors. This is based on
with the types of business fields consisting of:

The line of business that is
open;
The line of business that is
closed; and
The line of business that is
open with terms
The limit on the number of foreign ownership can be seen at (link to daftar Attachment to Presidential Regulation Number 44 of 2016 concerning daftar Closed Business Fields and Business Fields Opened with Requirements in the Investment Sector).