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KBLI Navigator/Section L/68125
KBLI 68125★ Gold-Tier Intel

Shopping Mall Management

Pengelolaan Pusat Perbelanjaan

🏠 Section L — Real Estate Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignAggregated🏝️✅Registrable in Bali· needs review· low conf.❓Not classifiable — divergence documented

Running the Commercial Destination

This activity is nationally open to full foreign ownership; in Bali it is not blocked by the moratorium, though the address must be verified.

By the numbers
Foreign-ownership ceiling
100%
Eligible scale
Menengah
Eligible scale
Besar
Bali status
Registrable in Bali
At the national level, full foreign ownership is permitted; in Bali, the activity is not blocked by the moratorium but its address still needs verification.
Licensing & Requirements

What You Need

Licensing RouteNo verified basis — divergence documented
OSS-RBA RowsDetached (unverified source)
Foreign Ownership100% Open
AuthorityNot verified — see divergence note

Licensing

PMA

Next step

2020 → 2025

This code consolidates multiple KBLI 2020 activities into one. Verify your specific activity maps correctly. Previous KBLI 2020 sources: 68120, 68130.

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KBLI 2025 Real Estate Codes: Property Development, Management & Investment

kita.balizero.com
Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 2: Real Estate

6 in category
1344General ManagerManajer Umum
1344Deputy General ManagerWakil Manajer Umum
1223Retail Development General ManagerManajer Umum Pengembangan Retail
1213Corporate Planning ManagerManajer Perencanaan Perusahaan
1221Marketing ManagerManajer Pemasaran

Kepmen 228/2019 lists 6 TKA-eligible positions in this category. Selection optimized using ISCO classification methodology.

KEDUA Provision — Directors & Commissioners Exemption
Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.
Complementary Codes

Regulatory Divergence

The licensing previously shown for 68125 was removed because its source could not be verified as applying to this activity. Here is what the sources actually say — with citations.

Correction note — verbatim, with source locators

KBLI 2025 code 68125 'Pengelolaan Pusat Perbelanjaan' (shopping-center management) carries canonical status_mapping='MATCH_CON_AGGREGAZIONE', pp28_sources=['68120', '68130'], mapping_note "Cleaned: removed invalid ['68125']" — this crosswalk metadata is NOT disputed by this cure (the report's seat-agreement note, §3, records 68125 as the SECOND of two 'category_mismatch' concordant tuples alongside 66197 — both seats independently flagged a problem, the runner's precedence rule assigns the final category from D5, payload_cross_contamination). Verified this session by direct read of the served per_skala payload: TWO rows are served, the first BYTE-IDENTICAL to 68123/68126's generic hygiene-sanitation certification block (in this lot), the second an industrial-zone land-ownership/masterplan block ('Kawasan Industri' land documents, masterplan, reporting obligations) — neither topically connected to shopping-center management. This code is part of the same seven-child 2020-68111 fan the gate report verifies for 68123/68126/68127/68129 (report §2), meaning its true crosswalk ancestor is also plausibly 68111 rather than the cited 68120/68130 aggregation — but this cure does not assert that correction (rule #9, no independently-adjudicated replacement value for THIS code's crosswalk in the signed report beyond the general fan context); the defect this cure adjudicates and cures is confined to the served payload. Per the detach-all rule, the entire per_skala array (both rows) is detached. per_skala detached; the licensing regime for shopping-center management is not retrievable from the pinned sources as hunted. Lot 5 conductor gate (SIGNED), run wf_0f7438f4-a41, 2026-07-19.

The detached licensing rows (source unverified for this activity)2 rows

These rows were previously shown on this page and have been detached — the correction note above documents, with source locators, why their source could not be kept for the activity this page describes. They are preserved here as the audit trail of the divergence.

Menengah, BesarHigh RiskNIB dan IzinAuthority: Menteri/ Kepala Badan
BesarHigh RiskNIB dan IzinAuthority: Menteri/ Kepala Badan
BPS Peraturan 7/2025 (KBLI 2025 classification)PP 28/2025 (risk-based licensing annexes)OSS RBA ruang-lingkup — no KBLI-2025 scope retrievable via the OSS API (404)

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
Detached — source could not be verifiedDeclared gap—

The previously-served rows were removed because their source could not be verified as applying to this activity. See Regulatory Divergence above for the documented correction note.

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 LOW.

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 shopping mall management business in Indonesia?
Yes. KBLI 68125 (Pengelolaan Pusat Perbelanjaan) 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 68125?
We cannot yet show a verified licensing basis for KBLI 68125: the licensing previously associated with this code was removed because its source could not be verified as applying to this activity. See the Regulatory Divergence section on this page for the documented sources, and verify the current OSS treatment before relying on any licensing assumption.
What is KBLI 68125?
KBLI 68125 is the Indonesian business classification code for "Pengelolaan Pusat Perbelanjaan" (Shopping Mall Management). It falls under Section L 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 68125 change from KBLI 2020 to 2025?
KBLI 68125 was mapped from previous codes 68120, 68130 (KBLI 2020). Multiple 2020 codes were merged into this single 2025 code. 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

68126Section L★

Warehouse & Self-Storage Rental

Penyewaan Gudang dan Fasilitas Penyimpanan Mandiri

→
🏝️✅Registrable in Bali✅Open· 100% Foreign
68124Section L★

Event Venue Rental

Penyewaan Tempat Penyelenggaraan Aktivitas Pertemuan, Perjalanan Insentif, Konvensi, dan Pameran, serta Acara Khusus

→
🏝️🚫Blocked in Bali (risk-class moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
68127Section L★

Office Building Management

Pengelolaan Gedung Perkantoran

→
🏝️⚠️Closure proposed (Bali)✅Open· 100% Foreign
68123Section L★

Special Economic Zone Management

Pengelolaan Kawasan Ekonomi Khusus

→
🏝️✅Registrable in Bali✅Open· 100% Foreign
68129Section L★

Non-Residential Real Estate (Own Property)

Aktivitas Real Estat (bangunan dan Lahan) Nonhunian Lainnya Milik Sendiri atau Sewa

→
🏝️⚠️Closure proposed (Bali)✅Open· 100% Foreign
68122Section L★

Industrial Estate Management

Pengelolaan Kawasan Industri

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

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Context68125
Developing a shopping mall or food court in Bali? We should secure your commercial KKPR and draft bulletproof tenant lease agreements right away.