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KBLI Navigator/Section K/66126
KBLI 66126

Securities Crowdfunding Platform

Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

This covers running an online platform where businesses directly offer securities (like shares or bonds) to investors through an open electronic system, commonly known as securities crowdfunding. You provide, manage, and operate the digital marketplace that connects issuers with the investing public.

What Changed

KBLI 2020→2025 mapping: codice rinumerato.

What You Need

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

This fits foreign fintech founders who want to build and operate a licensed securities crowdfunding platform for the Indonesian market.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66118— PP28 usa codice KBLI 2020 66118 (Penyelenggara Penawaran Efek M...). Match: 100%
Common Questions
Can foreigners operate a securities crowdfunding platform business in Indonesia?
Yes. KBLI 66126 (Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66126?
KBLI 66126 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66126?
KBLI 66126 is the Indonesian business classification code for "Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)" (Securities Crowdfunding Platform). 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 66126 change from KBLI 2020 to 2025?
KBLI 66126 was mapped from previous code 66118 (KBLI 2020). PP28 usa codice KBLI 2020 66118 (Penyelenggara Penawaran Efek M...). Match: 100% 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

66127Section K

Carbon Unit Brokerage

Kepialangan Unit Karbon

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66125Section K★

Money Changer

Aktivitas Penukaran Valuta Asing (money Changer)

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66129Section K

Other Securities & Commodity Brokerage

Kepialangan Efek dan Kontrak Komoditas Lainnya

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low 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
66131Section K

Financial Market Clearing & Settlement

Kliring dan Setelmen Transaksi di Pasar Keuangan

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

Ready to register this business?

Bali Zero handles PT PMA setup, KBLI registration, NIB, and all licensing for KBLI 66126.

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