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KBLI Navigator/Section K/66192
KBLI 66192

Trust Custody & Management

Penitipan dan Pengelolaan Berdasarkan Perjanjian Trust

🏦 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 covers the business of holding and managing assets (like securities, funds, or property) under a formal trust agreement, where you, as the trustee, act for the benefit of a third-party beneficiary in exchange for a fee or contract. It essentially allows you to offer fiduciary services, including custody, investment management, and discretionary asset administration.

What Changed

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

What You Need

Nationally, this activity is 100% open to foreign PMA companies. However, in Bali the situation is different: the local authorities have placed a temporary block on new PMA registrations for low and medium-low risk classifications like this one, through a moratorium effective from 13 May 2026. This means you currently cannot incorporate a foreign-owned company under this KBLI in Bali.

Who This Is For

Foreign entrepreneurs aiming to provide wealth management, fiduciary, or trust services to high-net-worth individuals or institutional clients.

Licensing Overview
Risk LevelMenengah Rendah
License TypeNIB dan Sertifikat Standar
Foreign Ownership100% Open
ProcessingInstant
2020 → 2025
Previous codes (KBLI 2020): 66192
Common Questions
Can foreigners operate a trust custody & management business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 66192 (Penitipan dan Pengelolaan Berdasarkan Perjanjian Trust) 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 66192?
KBLI 66192 has a Menengah Rendah risk classification. Required license: NIB dan Sertifikat Standar. Processing time: Otomatis.
What is KBLI 66192?
KBLI 66192 is the Indonesian business classification code for "Penitipan dan Pengelolaan Berdasarkan Perjanjian Trust" (Trust Custody & Management). 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 66192 change from KBLI 2020 to 2025?
KBLI 66192 was mapped from previous code 66192 (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

66193Section K

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Pemeringkatan Efek

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Aktivitas Pendanaan untuk Transaksi Efek

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Securities Price Valuation

Penilaian Harga Efek

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Sharia Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Syariah

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
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Investor Protection Fund

Penyelenggaraan Dana Perlindungan Pemodal

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🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
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Conventional Fintech P2P Lending

Jasa Intermediasi Pinjam Meminjam Uang Berbasis Teknologi Informasi Konvensional

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