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KBLI Navigator/Section K/66194
KBLI 66194

Securities Price Valuation

Penilaian Harga Efek

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

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

This activity evaluates the prices of securities. Its purpose is to determine a fair market price.

What Changed

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

What You Need

Nationally this activity is open to foreign ownership, and in Bali it is NOT blocked by the 13 May 2026 moratorium — its OSS risk class at the large-enterprise (Besar) scale is medium-high or high, which the moratorium leaves open. A PT PMA can pursue this code in Bali, subject to the standard licensing for its risk class.

Who This Is For

A foreign entrepreneur who can meet the higher-risk licensing requirements — one of the doors that stays open in Bali.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66194
Common Questions
Can foreigners operate a securities price valuation business in Indonesia?
Yes. KBLI 66194 (Penilaian Harga Efek) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66194?
KBLI 66194 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66194?
KBLI 66194 is the Indonesian business classification code for "Penilaian Harga Efek" (Securities Price Valuation). 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 66194 change from KBLI 2020 to 2025?
KBLI 66194 was mapped from previous code 66194 (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

66195Section K

Investor Protection Fund

Penyelenggaraan Dana Perlindungan Pemodal

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66193Section K

Securities Rating

Pemeringkatan Efek

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66196Section K

Securities Underwriting

Penjaminan Emisi Efek (underwriter)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66192Section K

Trust Custody & Management

Penitipan dan Pengelolaan Berdasarkan Perjanjian Trust

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66197Section K

Money & Forex Market Support Services

Aktivitas Pendukung di Pasar Uang dan Pasar Valuta Asing

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66191Section K

Securities Transaction Financing

Aktivitas Pendanaan untuk Transaksi Efek

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

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