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KBLI Navigator/Section K/64320
KBLI 64320

Non-Money Market Investment Fund

Aktivitas Dana Investasi Bukan Pasar Uang

🏦 Section K — Financial & Insurance Activities

In Bali: a PT PMA cannot register this code

National procedure — does not apply to a PT PMA in Bali

In Bali this activity is reserved for MSMEs; a PT PMA (large enterprise) cannot register it. The national procedure below applies only to non-PMA operators.

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

This activity covers non-money market investment funds—collective investment schemes that raise capital from the public by issuing shares or units, and invest primarily in longer-term financial assets (such as equities, bonds, or private equity) and sometimes non-financial assets like real estate. It explicitly excludes money market funds that deal in short-term instruments.

What Changed

KBLI 2020→2025 mapping: codice rinumerato.

What You Need

Nationally, foreign ownership for this activity is fully open (100% PMA). In Bali, however, a local moratorium currently blocks new foreign-owned company registrations for low and medium-low risk classes—including this one—since 13 May 2026. As a result, you cannot set up a PMA investment fund entity in Bali until that moratorium lifts; other Indonesian regions may still be available.

Who This Is For

Foreign fund managers or investment firms aiming to launch a publicly offered investment fund in Indonesia that focuses on longer-term assets rather than money market instruments.

Licensing Overview
Risk LevelRendah
License TypeNIB
Foreign Ownership100% Open
ProcessingInstant
2020 → 2025
Previous codes (KBLI 2020): 64300— Agent mapping: 64300 (Trust, Pendanaan dan Entitas K...) [high]
Common Questions
Can foreigners operate a non-money market investment fund business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 64320 (Aktivitas Dana Investasi Bukan Pasar Uang) is TERBUKA (100% foreign ownership) at the national level, but a PT PMA currently cannot register it in Bali (reserved for UMKM / 2026 moratorium). Nationally TERBUKA but the Besar scale is 'Rendah' -> blocked by the Bali PMA moratorium (Gov. letter B.27.000/642, 13 May 2026: all Rendah/Menengah Rendah blocked for a Bali address). [NB-3 28 June 2026] Outside Bali it is open to a PT PMA with no local partner required.
What license is required for KBLI 64320?
KBLI 64320 has a Rendah risk classification. Required license: NIB. Processing time: Otomatis.
What is KBLI 64320?
KBLI 64320 is the Indonesian business classification code for "Aktivitas Dana Investasi Bukan Pasar Uang" (Non-Money Market Investment Fund). 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 64320 change from KBLI 2020 to 2025?
KBLI 64320 was mapped from previous code 64300 (KBLI 2020). Agent mapping: 64300 (Trust, Pendanaan dan Entitas K...) [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

64330Section K

Trust, Estate & Agency Services

Aktivitas Trust, Warisan, dan Keagenan

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliLow Risk
64310Section K

Money Market Fund

Aktivitas Dana Pasar Uang

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliLow Risk
64910Section K

Financial Leasing

Aktivitas Sewa Guna Usaha Finansial

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64220Section K

Conduit Financing

Aktivitas Pembiayaan Conduit

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliLow Risk
64920Section K

International Trade Financing

Aktivitas Pembiayaan Perdagangan Internasional

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliLow Risk
64210Section K★

Holding Company

Aktivitas Perusahaan Induk

→
🏝️🚫Blocked in Bali (risk-class moratorium)✅Open· 100% nat'l · blocked in BaliLow Risk
🏢

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