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KBLI Navigator/Section K/64991
KBLI 64991

Conventional Venture Capital

Aktivitas Modal Ventura Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect Match🏝️✅Registrable in Bali· medium conf.✓OSS-verified · KBLI 2025

Conventional Venture Capital: Open Nationally, Not Moratorium-Blocked in Bali

This activity covers conventional venture financing and fund management, with a 100% national foreign-ownership ceiling and no Bali moratorium block.

By the numbers
National foreign-ownership ceiling
100%
PMA source
Perpres 10/2021, 49/2021
Registration scales
Mikro, Kecil, Menengah, Besar
Bali status
Registrable in Bali
The activity is defined by structured financing in support of a business’s formation or development.
What Changed

Unchanged from KBLI 2020 — direct match.

What You Need

**Micro / Small / Medium / Large scale**: High risk. **PMA:** Fully open to PMA — 100% foreign ownership allowed.

Bali Intelligence

You'll Also Need
  • OJK venture capital license — mandatory
  • 64992Sharia-compliant venture capital if serving Islamic investors
Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 64991
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 64931

Source: the BPS 2020↔2025 conversion table, mechanically extracted and acceptance-gate verified. It shows which 2020 codes map to this 2025 code — provenance only, not a licensing claim: the regulatory regime of these predecessor codes has not been adjudicated as transferring.

Sources & Verification

Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
OSS RBA risk scope (ruang lingkup)VerifiedKBLI 2025

Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.

locator: OSS_RBA_resiko_2025

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

Conservative posture derived from the risk tier · confidence MEDIUM.

Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.

Common Questions
Can foreigners operate a conventional venture capital business in Indonesia?
Yes. KBLI 64991 (Aktivitas Modal Ventura Konvensional) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
What license is required for KBLI 64991?
KBLI 64991 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 64991?
KBLI 64991 is the Indonesian business classification code for "Aktivitas Modal Ventura Konvensional" (Conventional Venture Capital). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 64991 change from KBLI 2020 to 2025?
KBLI 64991 was mapped from previous code 64991 (KBLI 2020). This is a direct match — the code number and scope remained the same. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

64992Section K★

Sharia Venture Capital

Aktivitas Modal Ventura Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64959Section K

Other Lending Activities

Aktivitas Pemberian Kredit Lainnya Ytdl

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64993Section K

Clearing & Settlement Counterparty Services

Aktivitas Counterparty untuk Kliring dan Setelmen Transaksi

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64955Section K

Public Housing Savings Fund Management

Pengelolaan Tabungan Perumahan Rakyat

→
🏝️✅Registrable in Bali✅Open· 100% Foreign
64994Section K

Proprietary Financial Market Trading

Perdagangan di Pasar Keuangan atas Nama Sendiri

→
🏝️✅Registrable in Bali✅Open· 100% ForeignMedium-High Risk
64954Section K

Sharia Pawnbroking

Aktivitas Gadai Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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