Bali Zero
  • Home
  • Visa
  • Tax
  • Property
Get Started
KBLI Navigator/Section K/66126
KBLI 66126

Securities Crowdfunding Platform

Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

Securities Crowdfunding: The Operator Behind the Open Electronic Offer

KBLI 66126 covers the provision, management and operation of securities offerings that connect issuers directly with investors through an open electronic system.

By the numbers
National foreign-ownership ceiling
100%
Open business scales
Mikro, Kecil, Menengah, Besar
National source
Perpres 10/2021, 49/2021
Bali status
Registrable in Bali
The activity is nationally open to 100% foreign ownership and is not blocked by Bali’s stated moratorium on the record provided.
What Changed

KBLI 2020→2025 mapping: code renumbered.

What You Need

In Bali, the island-wide moratorium (in force since 13 May 2026) only halts PMA registrations for Low and Medium-Low risk lines — this KBLI's large-scale (Besar) risk class is higher, so it is not caught: PMA registration in Bali remains possible.

Who This Is For

This fits foreign fintech founders who want to build and operate a licensed securities crowdfunding platform for the Indonesian market.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66118— PP28 uses KBLI 2020 code 66118 (Penyelenggara Penawaran Efek M...). Match: 100%
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 66118

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 securities crowdfunding platform business in Indonesia?
Yes. KBLI 66126 (Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)) 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 66126?
KBLI 66126 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66126?
KBLI 66126 is the Indonesian business classification code for "Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)" (Securities Crowdfunding Platform). 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 66126 change from KBLI 2020 to 2025?
KBLI 66126 was mapped from previous code 66118 (KBLI 2020). PP28 uses KBLI 2020 code 66118 (Penyelenggara Penawaran Efek M...). Match: 100% 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.

Related Codes

66127Section K

Carbon Unit Brokerage

Kepialangan Unit Karbon

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66125Section K★

Money Changer

Aktivitas Penukaran Valuta Asing (money Changer)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66129Section K

Other Securities & Commodity Brokerage

Kepialangan Efek dan Kontrak Komoditas Lainnya

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
66124Section K

Money & Forex Market Brokerage

Kepialangan Pasar Uang dan Pasar Valuta Asing

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
66131Section K

Financial Market Clearing & Settlement

Kliring dan Setelmen Transaksi di Pasar Keuangan

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
66123Section K

Digital Financial Asset Brokerage

Kepialangan Aset Keuangan Digital

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
🏢

Ready to register this business?

Bali Zero handles PT PMA setup, KBLI registration, NIB, and all licensing for KBLI 66126.

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

5,000+ companies registered since 2020

Get started on WhatsApp
5k+
Clients
★ 4.9
Reviews
~15 min
Response
Talk on WhatsApp
Zantara AIOSS Intelligence System
Context66126
Ask me anything about KBLI 66126 — Securities Crowdfunding Platform. Licensing, PMA rules, what changed in 2025, or how it works in Bali.