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KBLI Navigator/Section K/66159
KBLI 66159

Other Financial Market Advisory

Aktivitas Advisori Pasar Keuangan Lainnya

🏦 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 BaliMedium-Low RiskDirect Match🏝️🚫Closed in Bali (2026 moratorium)

This category covers other financial support activities not classified elsewhere. It includes financial consultants, mortgage advisers and brokers, mortgage consultants, and other investment consultants, such as robo-advisor services.

What Changed

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

What You Need

Nationally this activity is open to foreign ownership, but it sits under a special sectoral regime (e.g. OJK / BI / BPOM) rather than the standard OSS risk-based scope. That means Bali registrability for a PT PMA cannot be read off the moratorium alone — it needs a manual, sector-specific check with the relevant authority before you commit.

Who This Is For

A foreign entrepreneur in a regulated sector who is prepared to clear a sector-specific licensing review before registering.

Licensing Overview
Risk LevelMenengah Rendah
License TypeNIB dan Sertifikat Standar
Foreign Ownership100% Open
ProcessingInstant
2020 → 2025
Previous codes (KBLI 2020): 66159
Common Questions
Can foreigners operate a other financial market advisory business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 66159 (Aktivitas Advisori Pasar Keuangan Lainnya) 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 'Menengah 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 66159?
KBLI 66159 has a Menengah Rendah risk classification. Required license: NIB dan Sertifikat Standar. Processing time: Otomatis.
What is KBLI 66159?
KBLI 66159 is the Indonesian business classification code for "Aktivitas Advisori Pasar Keuangan Lainnya" (Other Financial Market 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 66159 change from KBLI 2020 to 2025?
KBLI 66159 was mapped from previous code 66159 (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

66161Section K

Conventional Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Konvensional

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66153Section K

Sharia Capital Market Advisory

Aktivitas Advisori Syariah Pasar Modal

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🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66162Section K

Sharia Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66152Section K

Commodity Futures Trading Advisory

Aktivitas Advisori Perdagangan Berjangka Komoditas

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66191Section K

Securities Transaction Financing

Aktivitas Pendanaan untuk Transaksi Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66151Section K★

Investment Advisory

Aktivitas Advisori Investasi

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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