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KBLI Navigator/Section K/64994
KBLI 64994

Proprietary Financial Market Trading

Perdagangan di Pasar Keuangan atas Nama Sendiri

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignMedium-High RiskRenumbered🏝️✅Registrable in Bali· medium conf.✓OSS-verified · KBLI 2025

Own-Account Market Trading, With a Clear Bali Position

This activity covers proprietary financial-market trading across instruments, open nationally to full foreign ownership and not blocked for PMA registration in Bali.

By the numbers
Foreign-ownership ceiling
100%
Open business scales
Mikro, Kecil, Menengah, Besar
National PMA source
Perpres 10/2021, 49/2021
Bali status
Registrable in Bali
National foreign openness and Bali’s higher-risk treatment point in the same direction: this activity is not blocked for PMA registration.
What Changed

KBLI 2020→2025 mapping: code renumbered.

What You Need

Nationally, this activity is 100% open to foreign ownership. In Bali, it's not blocked by the current moratorium, but it's treated as a medium-to-high-risk activity. This means your application must pass address-based verification: you’ll need a properly zoned commercial address, and expect extra scrutiny from authorities before your license is issued.

Who This Is For

This suits a foreign entrepreneur or professional trader who wants to establish a Bali-based entity to trade proprietary capital across global financial or crypto markets.

Licensing Overview
Risk LevelMenengah Tinggi
License TypeNIB + Sertifikat Standar
Foreign Ownership100% Open
Processing3 working days
2020 → 2025
Previous codes (KBLI 2020): 66142— Agent mapping: 66142 (Perantara Pedagang Efek (Broke...) [high]
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 64999, 66151, 66153

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 proprietary financial market trading business in Indonesia?
Yes. KBLI 64994 (Perdagangan di Pasar Keuangan atas Nama Sendiri) 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 64994?
KBLI 64994 has a Menengah Tinggi risk classification. Required license: NIB + Sertifikat Standar. Processing time: 3.
What is KBLI 64994?
KBLI 64994 is the Indonesian business classification code for "Perdagangan di Pasar Keuangan atas Nama Sendiri" (Proprietary Financial Market Trading). 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 64994 change from KBLI 2020 to 2025?
KBLI 64994 was mapped from previous code 66142 (KBLI 2020). Agent mapping: 66142 (Perantara Pedagang Efek (Broke...) [high] The code was renumbered but the business activity scope is essentially unchanged. 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.

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