Investment Advisory
Aktivitas Advisori Investasi
🏦 Section K — Financial & Insurance Activities
In Bali: open to a PT PMA
Investment Advice, With a Clear Bali Route
This is the paid business of advising clients on the sale or purchase of securities, open nationally to foreign investment and not blocked by Bali’s PMA moratorium.
A foreign investor can therefore register this activity in Bali today without the moratorium being the obstacle.
What You Need
PP28/2025 Licensing Data8 scales
Requirements (Indonesian)2
Post-License Obligations2
Two-stage licensing process
Post-license obligations
Typical total timeline
Minimum capital
Authority
Investment advisory services existed in KBLI 2020 under similar codes. KBLI 2025 maintains the classification with OJK regulatory framework under POJK 10/2012 unchanged. The key distinction from asset management (Manajer Investasi) is preserved: advisory = recommendations only; asset management = discretionary fund management.
Bali Intelligence
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 investment advisory business in Indonesia?
What license is required for KBLI 66151?
What is KBLI 66151?
How did KBLI 66151 change from KBLI 2020 to 2025?
Related Codes
Commodity Futures Trading Advisory
Aktivitas Advisori Perdagangan Berjangka Komoditas
Non-Financial-Market Rupiah Transaction Services
Penyelenggaraan Transaksi Keuangan dan Pengelolaan Uang Rupiah Lainnya Selain Pasar Keuangan
Sharia Capital Market Advisory
Aktivitas Advisori Syariah Pasar Modal
Rupiah Cash Processing Services
Aktivitas Jasa Pengolahan Uang Rupiah
Other Financial Market Advisory
Aktivitas Advisori Pasar Keuangan Lainnya
Payment System Support Services
Penyelenggaraan Penunjang Sistem Pembayaran
Ready to register this business?
Bali Zero handles PT PMA setup, KBLI registration, NIB, and all licensing for KBLI 66151.
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