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KBLI Navigator/Section K/66198
KBLI 66198

MSME & Cooperative Rating

Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskRenumbered🏝️⚠️Conditional in Bali — depends on declared scope· medium conf.

This activity involves issuing professional credit or performance ratings specifically for micro, small, and medium enterprises (MSMEs) and cooperatives. It provides a structured assessment of their creditworthiness or operational health to support lending, investment, or partnership decisions.

What Changed

KBLI 2020→2025 mapping: codice rinumerato.

What You Need

Nationally, this line of business is fully open to 100% foreign ownership. In Bali, the island-wide moratorium (in force since 13 May 2026) halts PMA registrations for Low and Medium-Low risk lines, and some scopes of this KBLI fall in that band — but at least one large-scale (Besar) scope carries a higher risk class, so the code remains registrable as a PMA in Bali on that scope.

Who This Is For

This fits a foreign entrepreneur aiming to build a credit rating platform focused on Indonesia’s MSME and cooperative sector, though the Bali moratorium currently prevents that from happening locally.

Licensing Overview
Risk LevelTinggi
License TypeNIB + Izin
Foreign Ownership100% Open
ProcessingSesuai ketentuan OJK/BI
2020 → 2025
Previous codes (KBLI 2020): 66292— Agent mapping: 66292 (Aktivitas Pemeringkat UMKM dan...) [high]
Common Questions
Can foreigners operate a msme & cooperative rating business in Indonesia?
Yes. KBLI 66198 (Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.
What license is required for KBLI 66198?
KBLI 66198 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: Sesuai ketentuan OJK/BI.
What is KBLI 66198?
KBLI 66198 is the Indonesian business classification code for "Pemeringkatan Usaha Mikro, Kecil, Menengah, dan Koperasi" (MSME & Cooperative Rating). 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 66198 change from KBLI 2020 to 2025?
KBLI 66198 was mapped from previous code 66292 (KBLI 2020). Agent mapping: 66292 (Aktivitas Pemeringkat UMKM dan...) [high] The code was renumbered but the business activity scope is essentially unchanged. 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

66199Section K★

Other Non-Insurance Financial Support Services

Aktivitas Penunjang Jasa Keuangan Lainnya Ytdl, Kecuali Asuransi dan Dana Pensiun

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

Securities Underwriting

Penjaminan Emisi Efek (underwriter)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66195Section K

Investor Protection Fund

Penyelenggaraan Dana Perlindungan Pemodal

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66194Section K

Securities Price Valuation

Penilaian Harga Efek

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

Securities Rating

Pemeringkatan Efek

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

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