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KBLI Navigator/Section K/66198
KBLI 66198

MSME & Cooperative Rating

Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskRenumbered🏝️⚠️Conditional in Bali — depends on declared scope· medium conf.✓OSS-verified · KBLI 2025

Who Rates Indonesia’s Small Businesses and Cooperatives?

A nationwide activity for independent rating services, with full foreign ownership nationally but a scope-dependent route in Bali.

By the numbers
National foreign-ownership ceiling
100%
Eligible business scales
Mikro, Kecil, Menengah, Besar
PMA source
Perpres 10/2021, 49/2021
Bali status
Blocked (scope-dependent)
National openness does not automatically translate into an uncomplicated Bali registration.
What Changed

KBLI 2020→2025 mapping: code renumbered.

What You Need

Nationally, this line of business is fully open to 100% foreign ownership. In Bali, the island-wide moratorium (in force since 13 May 2026) halts PMA registrations for Low and Medium-Low risk lines, and some scopes of this KBLI fall in that band — but at least one large-scale (Besar) scope carries a higher risk class, so the code remains registrable as a PMA in Bali on that scope.

Who This Is For

This fits a foreign entrepreneur aiming to build a credit rating platform focused on Indonesia’s MSME and cooperative sector, though the Bali moratorium currently prevents that from happening locally.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66292— Agent mapping: 66292 (Aktivitas Pemeringkat UMKM dan...) [high]
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 66292

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 msme & cooperative rating business in Indonesia?
Yes. KBLI 66198 (Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi) 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 66198?
KBLI 66198 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66198?
KBLI 66198 is the Indonesian business classification code for "Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi" (MSME & Cooperative Rating). 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 66198 change from KBLI 2020 to 2025?
KBLI 66198 was mapped from previous code 66292 (KBLI 2020). Agent mapping: 66292 (Aktivitas Pemeringkat UMKM dan...) [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.

Related Codes

66199Section K★

Other Non-Insurance Financial Support Services

Aktivitas Penunjang Jasa Keuangan Lainnya Ytdl, Kecuali Asuransi dan Dana Pensiun

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66197Section K

Money & Forex Market Support Services

Aktivitas Pendukung di Pasar Uang dan Pasar Valuta Asing

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
66196Section K

Securities Underwriting

Penjaminan Emisi Efek (underwriter)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66195Section K

Investor Protection Fund

Penyelenggaraan Dana Perlindungan Pemodal

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66194Section K

Securities Price Valuation

Penilaian Harga Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66193Section K

Securities Rating

Pemeringkatan Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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