What license is required for KBLI 66196?

KBLI 66196 has a Menengah Rendah risk classification. Required license: NIB dan Sertifikat Standar. Processing time: Otomatis.

KBLI 66196 is the Indonesian business classification code for "Penjaminan Emisi Efek (underwriter)" (Penjaminan Emisi Efek (underwriter)). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025), effective June 18, 2026.

How did KBLI 66196 change from KBLI 2020 to 2025?

KBLI 66196 was mapped from previous code 66141 (KBLI 2020). Agent mapping: 66141 (Penjamin Emisi Efek (Underwrit...) [high] All businesses must migrate to KBLI 2025 by June 18, 2026 per BPS Regulation 7/2025.

Securities underwriting services for public stock offerings

KBLI 66196

Penjaminan Emisi Efek (underwriter)

Q: Can foreigners operate a penjaminan emisi efek (underwriter) business in Indonesia?

Yes. KBLI 66196 (Penjaminan Emisi Efek (underwriter)) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

🏦 Section K — Financial & Insurance Activities

✅Open· 100% ForeignMedium-Low RiskRenumbered

Kelompok ini mencakup kegiatan penjaminan emisi efek dan kegiatan lain yang berkaitan dengan aksi korporasi dari perusahaan yang akan atau telah melakukan penawaran umum, seperti pemberian nasihat dalam rangka penerbitan efek, penggabungan, peleburan, pengambilalihan, dan/atau restrukturisasi.

Licensing Overview

Risk LevelMenengah Rendah

License TypeNIB dan Sertifikat Standar

Foreign Ownership100% Open

ProcessingOtomatis

2020 → 2025

Previous codes: 66141— Agent mapping: 66141 (Penjamin Emisi Efek (Underwrit...) [high]

Common Questions

Can foreigners operate a penjaminan emisi efek (underwriter) business in Indonesia?

Yes. KBLI 66196 (Penjaminan Emisi Efek (underwriter)) is classified as TERBUKA — open to 100% foreign ownership through a PT PMA company. You do not need a local Indonesian partner.

What license do I need for KBLI 66196?

KBLI 66196 has a Menengah Rendah risk classification. You need: NIB dan Sertifikat Standar. Processing time: Otomatis.

How did KBLI 66196 change from 2020 to 2025?

KBLI 66196 was mapped from previous code: 66141 (KBLI 2020). Agent mapping: 66141 (Penjamin Emisi Efek (Underwrit...) [high] The code was renumbered but the business activity scope is essentially unchanged. All businesses must migrate to KBLI 2025 by June 18, 2026 (BPS Regulation 7/2025).

Related Codes

66111Section K

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