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KBLI Navigator/Section K/66121
KBLI 66121

Securities Brokerage (Non-Carbon)

Kepialangan Efek Selain Unit Karbon

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect Match🏝️✅Registrable in Bali· medium conf.

This covers acting as a broker to buy and sell securities for clients, including setting up a regional brokerage presence. It does not include trading securities for your own account or handling carbon units—this is pure client-intermediary work.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Nationally, this KBLI is 100% open to foreign ownership. In Bali, the island-wide moratorium (in force since 13 May 2026) only halts PMA registrations for Low and Medium-Low risk lines — this KBLI's large-scale (Besar) risk class is higher, so it is not caught: PMA registration in Bali remains possible.

Who This Is For

Foreign entrepreneurs who intend to run a client-focused securities brokerage or intermediary service, but must look outside Bali for the company registration.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66121
Common Questions
Can foreigners operate a securities brokerage (non-carbon) business in Indonesia?
Yes. KBLI 66121 (Kepialangan Efek Selain Unit Karbon) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66121?
KBLI 66121 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66121?
KBLI 66121 is the Indonesian business classification code for "Kepialangan Efek Selain Unit Karbon" (Securities Brokerage (Non-Carbon)). 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 66121 change from KBLI 2020 to 2025?
KBLI 66121 was mapped from previous code 66121 (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

66122Section K

Commodity Futures Brokerage

Kepialangan Perdagangan Komoditas Berjangka

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66119Section K

Other Financial & Commodity Market Administration

Administrasi Pasar Keuangan, Pasar Berjangka Komoditas, dan Pasar Sejenisnya Ytdl

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66123Section K

Digital Financial Asset Brokerage

Kepialangan Aset Keuangan Digital

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66117Section K

Self-Regulatory Organization

Aktivitas Regulator Mandiri

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66124Section K

Money & Forex Market Brokerage

Kepialangan Pasar Uang dan Pasar Valuta Asing

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66116Section K

Financial Services Supervision (Non-Insurance, Non-Pension)

Aktivitas Pengawasan Jasa Keuangan Selain Asuransi dan Dana Pensiun

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

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