KBLI 64992★ Gold-Tier Intel

Sharia Venture Capital

Aktivitas Modal Ventura Syariah

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect MatchRegistrable in Bali· medium conf.

Perusahaan Pembiayaan (multifinance company) — a non-bank financial institution that provides financing for: vehicle purchases (motor credit, car leasing), consumer goods, working capital for SMEs, property down payments, and factoring/receivables purchasing. Unlike a bank, a multifinance company cannot accept public deposits — it funds its portfolio from equity capital and bond issuance. Unlike P2P lending, it uses its own capital to extend credit (not matching borrowers with lenders). **Maximum foreign ownership: 85%** under OJK regulation (15% must be Indonesian). OJK governs under POJK 35/2018 (Penyelenggaraan Usaha Perusahaan Pembiayaan).

Licensing & Requirements

What You Need

Risk LevelHigh (Tinggi)

License TypeNIB + Izin

ProcessingSesuai ketentuan OJK/BI

Foreign Ownership100% Open

AuthorityBKPM / OSS

PP28/2025 Licensing Data4 scales

Business scale:

MikroHigh RiskNIB + Izin⏱ Sesuai ketentuan OJK/BI

Requirements (Indonesian)2

1Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

2Lembaga OSS hanya menerbitkan NIB. Permohonan Perizinan Berusaha diajukan oleh Pelaku Usaha ke, diterbitkan oleh, serta dengan memenuhi persyaratan yang ditetapkan oleh, Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

Post-License Obligations2

Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

PHASE 1 — OSS / NIB (7 working days)

PHASE 2 — OJK Multifinance License (POJK 35/2018) — 6–12 months

Application to OJK— Departemen Pengawasan IKNB I

Minimum paid-up capital: IDR 100 miliar— fully paid up at time of OJK application; largest minimum capital requirement in this session's codes

Shareholders fit & proper test— OJK vets all shareholders owning ≥ 25% and all directors/commissioners

Business plan— 5-year financial projections; portfolio composition (pembiayaan investasi, modal kerja, multiguna — each requires separate OJK approval of activities)

IT infrastructure assessment— OJK reviews loan origination system, credit scoring methodology, collections system

Capital adequacy ratio: OJK minimum gearing ratio (ratio modal terhadap pembiayaan)— typically multifinance must maintain minimum capital adequacy per POJK 35/2018

OJK Izin Usaha— issued after all stages pass

Product-specific approvals— each financing activity type (vehicle, property, multiguna) requires separate OJK product registration

Step-by-step for PT PMA multifinance

Company incorporation— PT PMDN / CV / Perorangan (local, WNI) — notary deed, AHU registration

Capital injection— IDR 100 miliar fully paid up into Indonesian bank account (note: this is 4x larger than P2P lending requirement)

NIB via OSS— 64992, 7 working days

OJK license application— full dossier submission including business plan, credit policy, risk management framework, collections policy, IT system documentation

OJK review and assessment— includes site visit to office, interview with directors

OJK Izin Usaha— issued (~6–12 months from application)

First financing transaction— can commence immediately after Izin Usaha

OJK ongoing reporting— monthly financial reports; quarterly asset quality reports; annual audited financial statements

Permitted financing activities (must be specified in OJK application)

Minimum total capital

Maximum foreign ownership

2020 → 2025

Direct match from KBLI 2020 (MATCH_LANGSUNG). Key regulatory development: **OJK POJK 35/2018** (replacing POJK 29/2014) tightened capital adequacy requirements, added stronger consumer protection provisions, and introduced the distinction between pembiayaan investasi, modal kerja, and multiguna. Post-2022, OJK has increased scrutiny of multifinance NPL ratios following elevated defaults in motorcycle financing. OJK also imposed tighter debt-to-equity gearing limits (Net Gearing Ratio maximum 10x paid-up capital).

Bali Intelligence

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi

45 in category

1211Chief Financial OfficerKepala Keuangan

1211Credit DirectorDirektur Kredit

2413Risk ManagerManajer Risiko

2413Credit AnalystAnalis Kredit

2412Compliance OfficerPejabat Kepatuhan

1211Collections ManagerManajer Penagihan

2413Financial AnalystAnalis Keuangan

Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test applies to all directors, commissioners, and shareholders owning ≥ 25%.

KEDUA Provision — Directors & Commissioners Exemption

Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.

Complementary Codes

Common Questions

Can foreigners operate a sharia venture capital business in Indonesia?

Yes. KBLI 64992 (Aktivitas Modal Ventura Syariah) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 64992?

KBLI 64992 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.

What is KBLI 64992?

KBLI 64992 is the Indonesian business classification code for "Aktivitas Modal Ventura Syariah" (Sharia Venture Capital). 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 64992 change from KBLI 2020 to 2025?

KBLI 64992 was mapped from previous code 64992 (KBLI 2020). This is a direct match — the code number and scope remained the same. 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

64993Section K

Clearing & Settlement Counterparty Services

Aktivitas Counterparty untuk Kliring dan Setelmen Transaksi

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64991Section K

Conventional Venture Capital

Aktivitas Modal Ventura Konvensional

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64994Section K

Proprietary Financial Market Trading

Perdagangan di Pasar Keuangan atas Nama Sendiri

→

Registrable in Bali✅Open· 100% ForeignMedium-High Risk

64959Section K

Other Lending Activities

Aktivitas Pemberian Kredit Lainnya Ytdl

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64995Section K★

Proprietary Carbon Unit Trading

Perdagangan Unit Karbon atas Nama Sendiri

→

Registrable in Bali✅Open· 100% Foreign

64955Section K

Public Housing Savings Fund Management

Pengelolaan Tabungan Perumahan Rakyat

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

🏢

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What You Need

Risk LevelHigh (Tinggi)

License TypeNIB + Izin

ProcessingSesuai ketentuan OJK/BI

Foreign Ownership100% Open

AuthorityBKPM / OSS

PP28/2025 Licensing Data4 scales

Business scale:

MikroHigh RiskNIB + Izin⏱ Sesuai ketentuan OJK/BI

Requirements (Indonesian)2

Post-License Obligations2

Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

PHASE 1 — OSS / NIB (7 working days)

PHASE 2 — OJK Multifinance License (POJK 35/2018) — 6–12 months

Application to OJK— Departemen Pengawasan IKNB I

Minimum paid-up capital: IDR 100 miliar— fully paid up at time of OJK application; largest minimum capital requirement in this session's codes

Shareholders fit & proper test— OJK vets all shareholders owning ≥ 25% and all directors/commissioners

Business plan— 5-year financial projections; portfolio composition (pembiayaan investasi, modal kerja, multiguna — each requires separate OJK approval of activities)

IT infrastructure assessment— OJK reviews loan origination system, credit scoring methodology, collections system

Capital adequacy ratio: OJK minimum gearing ratio (ratio modal terhadap pembiayaan)— typically multifinance must maintain minimum capital adequacy per POJK 35/2018

OJK Izin Usaha— issued after all stages pass

Product-specific approvals— each financing activity type (vehicle, property, multiguna) requires separate OJK product registration

Step-by-step for PT PMA multifinance

Company incorporation— PT PMDN / CV / Perorangan (local, WNI) — notary deed, AHU registration

Capital injection— IDR 100 miliar fully paid up into Indonesian bank account (note: this is 4x larger than P2P lending requirement)

NIB via OSS— 64992, 7 working days

OJK license application— full dossier submission including business plan, credit policy, risk management framework, collections policy, IT system documentation

OJK review and assessment— includes site visit to office, interview with directors

OJK Izin Usaha— issued (~6–12 months from application)

First financing transaction— can commence immediately after Izin Usaha

OJK ongoing reporting— monthly financial reports; quarterly asset quality reports; annual audited financial statements

Permitted financing activities (must be specified in OJK application)

Minimum total capital

Maximum foreign ownership

2020 → 2025