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KBLI Navigator/Section K/64940
KBLI 64940

Securitization Services

Aktivitas Sekuritisasi

🏦 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 covers the issuance of debt securities where interest and principal payments are guaranteed by specific assets or future income streams, not by the issuer's own credit. It includes mortgage-backed securities (home loan securitization) and the securitization of business loans.

What Changed

KBLI 2020→2025 mapping: codice rinumerato.

What You Need

Nationally, this activity is 100% open for foreign PMA. However, in Bali a local moratorium (per 13 May 2026) blocks PMA registration for low and medium-low risk business lines, and this KBLI falls under that blocked risk class—so a foreign-owned company cannot currently be established in Bali for this activity.

Who This Is For

Foreign financial institutions or asset managers looking to structure and issue asset-backed securities or securitize loan portfolios.

Licensing Overview
Risk LevelRendah
License TypeNIB
Foreign Ownership100% Open
ProcessingInstant
2020 → 2025
Previous codes (KBLI 2020): 53201— PP28 usa codice KBLI 2020 53201 (Aktivitas Kurir...). Match: 76%
Common Questions
Can foreigners operate a securitization services business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 64940 (Aktivitas Sekuritisasi) 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 64940?
KBLI 64940 has a Rendah risk classification. Required license: NIB. Processing time: Otomatis.
What is KBLI 64940?
KBLI 64940 is the Indonesian business classification code for "Aktivitas Sekuritisasi" (Securitization Services). 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 64940 change from KBLI 2020 to 2025?
KBLI 64940 was mapped from previous code 53201 (KBLI 2020). PP28 usa codice KBLI 2020 53201 (Aktivitas Kurir...). Match: 76% 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.

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

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