Securities Brokerage (Non-Carbon)
Kepialangan Efek Selain Unit Karbon
🏦 Section K — Financial & Insurance Activities
In Bali: open to a PT PMA
Securities Brokerage in Bali: Open to Foreign Investment
A securities-brokerage activity with a national 100% foreign-ownership ceiling and no Bali moratorium block for PMA registration.
A foreign investor can register this activity in Bali today because it is not blocked by the provincial PMA moratorium.
Direct 1:1 match from KBLI 2020 — code and scope unchanged.
What You Need
Who This Is For
Foreign entrepreneurs who intend to run a client-focused securities brokerage or intermediary service, but must look outside Bali for the company registration.
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.
Title and scope as defined by the KBLI-2025 classification.
locator: OSS_RBA_2025_id_version_fff4053d
Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.
locator: OSS_RBA_resiko_2025
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.
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.
Can foreigners operate a securities brokerage (non-carbon) business in Indonesia?
What license is required for KBLI 66121?
What is KBLI 66121?
How did KBLI 66121 change from KBLI 2020 to 2025?
Related Codes
Commodity Futures Brokerage
Kepialangan Perdagangan Komoditas Berjangka
Other Financial & Commodity Market Administration
Administrasi Pasar Keuangan, Pasar Berjangka Komoditas, dan Pasar Sejenisnya Ytdl
Digital Financial Asset Brokerage
Kepialangan Aset Keuangan Digital
Self-Regulatory Organization
Aktivitas Regulator Mandiri
Money & Forex Market Brokerage
Kepialangan Pasar Uang dan Pasar Valuta Asing
Financial Services Supervision (Non-Insurance, Non-Pension)
Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun
Ready to register this business?
Bali Zero handles PT PMA setup, KBLI registration, NIB, and all licensing for KBLI 66121.
PT PMA Setup
IDR 20.000.000
Company registration, KBLI, NIB, domicile
Virtual Office
IDR 5.000.000
Legal address for your PT PMA in Bali
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