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KBLI Navigator/Section K/64992
KBLI 64992★ Gold-Tier Intel

Sharia Venture Capital

Aktivitas Modal Ventura Syariah

🏦 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

Sharia Venture Capital, With Bali’s Risk Line in View

A fully Sharia-based venture-capital activity, open nationally to foreign investment at every listed scale and not blocked for PMA registration in Bali.

By the numbers
Foreign-ownership ceiling
100%
Open scales
Mikro, Kecil, Menengah, Besar
National source
Perpres 10/2021, 49/2021
Bali status
Registrable in Bali
This activity remains registrable for PMA in Bali, while its large-scale risk position must be read as part of the registration context.
Licensing & Requirements

What You Need

Risk LevelHigh (Tinggi)
License TypeNIB + Izin
ProcessingSesuai ketentuan OJK/BI
Foreign Ownership100% Open
AuthorityBKPM / OSS
PP28/2025 Licensing Data4 scales
Business scale:
MikroHigh RiskNIB + Izin⏱ Sesuai ketentuan OJK/BI
Requirements (Indonesian)2
1Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan
2Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan
Post-License Obligations2
Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan
Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

PHASE 1 — OSS / NIB (7 working days)

PHASE 2 — OJK Multifinance License (POJK 35/2018) — 6–12 months

1
Application to OJK— Departemen Pengawasan IKNB I
2
Minimum paid-up capital: IDR 100 miliar— fully paid up at time of OJK application; largest minimum capital requirement in this session's codes
3
Shareholders fit & proper test— OJK vets all shareholders owning ≥ 25% and all directors/commissioners
4
Business plan— 5-year financial projections; portfolio composition (pembiayaan investasi, modal kerja, multiguna — each requires separate OJK approval of activities)
5
IT infrastructure assessment— OJK reviews loan origination system, credit scoring methodology, collections system
6
Capital adequacy ratio: OJK minimum gearing ratio (ratio modal terhadap pembiayaan)— typically multifinance must maintain minimum capital adequacy per POJK 35/2018
7
OJK Izin Usaha— issued after all stages pass
8
Product-specific approvals— each financing activity type (vehicle, property, multiguna) requires separate OJK product registration

Step-by-step for PT PMA multifinance

1
Company incorporation— PT PMDN / CV / Perorangan (local, WNI) — notary deed, AHU registration
2
Capital injection— IDR 100 miliar fully paid up into Indonesian bank account (note: this is 4x larger than P2P lending requirement)
3
NIB via OSS— 64992, 7 working days
4
OJK license application— full dossier submission including business plan, credit policy, risk management framework, collections policy, IT system documentation
5
OJK review and assessment— includes site visit to office, interview with directors
6
OJK Izin Usaha— issued (~6–12 months from application)
7
First financing transaction— can commence immediately after Izin Usaha
8
OJK ongoing reporting— monthly financial reports; quarterly asset quality reports; annual audited financial statements

Permitted financing activities (must be specified in OJK application)

Minimum total capital

Maximum foreign ownership
2020 → 2025

Direct match from KBLI 2020. Key regulatory development: **OJK POJK 35/2018** (replacing POJK 29/2014) tightened capital adequacy requirements, added stronger consumer protection provisions, and introduced the distinction between pembiayaan investasi, modal kerja, and multiguna. Post-2022, OJK has increased scrutiny of multifinance NPL ratios following elevated defaults in motorcycle financing. OJK also imposed tighter debt-to-equity gearing limits (Net Gearing Ratio maximum 10x paid-up capital).

Bali Intelligence

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi

45 in category
1211Chief Financial OfficerKepala Keuangan
1211Credit DirectorDirektur Kredit
2413Risk ManagerManajer Risiko
2413Credit AnalystAnalis Kredit
2412Compliance OfficerPejabat Kepatuhan
1211Collections ManagerManajer Penagihan
2413Financial AnalystAnalis Keuangan

Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test applies to all directors, commissioners, and shareholders owning ≥ 25%.

KEDUA Provision — Directors & Commissioners Exemption
Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.
Complementary Codes

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 sharia venture capital business in Indonesia?
Yes. KBLI 64992 (Aktivitas Modal Ventura Syariah) 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 64992?
KBLI 64992 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 64992?
KBLI 64992 is the Indonesian business classification code for "Aktivitas Modal Ventura Syariah" (Sharia 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 64992 change from KBLI 2020 to 2025?
KBLI 64992 was mapped from previous code 64992 (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

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Perdagangan di Pasar Keuangan atas Nama Sendiri

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Aktivitas Pemberian Kredit Lainnya Ytdl

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Perdagangan Unit Karbon atas Nama Sendiri

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→
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🏢

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Zantara AIOSS Intelligence System
Context64992
Multifinance company in Bali — vehicle leasing, villa developer bridging, or UMKM working capital? 64992 is the code: 85% max foreign, OJK license required, IDR 100B minimum capital (the highest in the fintech/finance sector). The Bali tourism fleet leasing and hospitality supply chain factoring niches are genuinely underserved. Let me walk you through the OJK process and what IDR 100B actually buys you.