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KBLI Navigator/Section K/66151
KBLI 66151★ Gold-Tier Intel

Investment Advisory

Aktivitas Advisori Investasi

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

Investment advisory services — providing professional advice on investments in securities, portfolio management recommendations, financial planning, and wealth management advisory. This is advisory-only service: you analyze investments, recommend strategies, provide financial planning, but you do NOT directly manage client funds or execute trades. That's the key distinction from asset management (66111, Manajer Investasi) — advisory gives advice, asset management executes and manages. Common services: portfolio analysis, asset allocation recommendations, retirement planning, tax-efficient investment strategies, wealth preservation consulting.

Licensing & Requirements

What You Need

Risk LevelHigh (Tinggi)
License TypeNIB + Izin
ProcessingSesuai ketentuan OJK/BI
Foreign Ownership100% Open
AuthorityBKPM / OSS
PP28/2025 Licensing Data8 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
Memenuhi kewajiban yang ditetapkan oleh Otoritas Jasa Keuangan (OJK) sesuai ketentuan perundangan

Two-stage licensing process

Post-license obligations

Typical total timeline

Minimum capital

Authority

PMA
2020 → 2025

Investment advisory services existed in KBLI 2020 under similar codes. KBLI 2025 maintains the classification with OJK regulatory framework under POJK 10/2012 unchanged. The key distinction from asset management (Manajer Investasi) is preserved: advisory = recommendations only; asset management = discretionary fund management.

Bali Intelligence

Complementary Codes
Common Questions
Can foreigners operate a investment advisory business in Indonesia?
Yes. KBLI 66151 (Aktivitas Advisori Investasi) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66151?
KBLI 66151 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66151?
KBLI 66151 is the Indonesian business classification code for "Aktivitas Advisori Investasi" (Investment Advisory). 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 66151 change from KBLI 2020 to 2025?
KBLI 66151 was mapped from previous code 66151 (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

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🏢

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Context66151
Investment advisory in Bali? 66151 is the code. OJK regulated, Izin Penasihat Investasi required. IDR 200M capital (much lower than asset management's IDR 25B). Bali's expat wealth management market is underserved — opportunity for fiduciary advisory firm. Let me explain the licensing path and WPI requirements.