KBLI 65113: Sharia Life Insurance Unit

KBLI 65113: Sharia Life Insurance Unit · Open to PMA

§ 01

Foreign investment rules

Indonesia's BUPM (Investment Business Fields) regulation places this code into one of five tracks. The track determines whether a foreign investor (PMA) can operate in this activity at all, and under what conditions.

Status · open

Open under BUPM (subject to sector rules)

KBLI 65113 is not on Indonesia's closed, conditional, SME-reserved, or partnership-required schedules under BUPM (Pres. Reg. 10/2021). A foreign investor can incorporate a PT PMA under this code, but sector regulators (PSE/Kominfo, BPOM, OJK, Kemenkes, Permendag, ESDM) almost always add licensing and capital requirements on top — the practical answer depends on your specific business model.

This KBLI is open under BUPM (Pres. Reg. 10/2021) — it's not on any restricted, closed, SME-reserved, or partnership-required schedule. That's the BUPM verdict only, not a complete sector-readiness check: sector regulators almost always add requirements on top (PSE/Kominfo for digital platforms, BPOM for food and cosmetics, OJK for financial, Kemenkes for healthcare, Permendag for retail, ESDM for energy). BKPM's default capital floor is IDR 2.5 billion paid-up with IDR 10 billion+ total investment commitment per KBLI, but sector regulators frequently set higher minimums for specific activities. The practical answer depends on your business model — confirm with our team before committing capital.

Sector capital requirement

Higher minimum capital required by OJK

Life insurance

Required paid-up

IDR 500 billion (general); IDR 1 trillion (sharia takaful)

Regulation

POJK 23/2023 (Perusahaan Asuransi)

BKPM Reg. 5/2025's default is IDR 2.5 billion paid-up + IDR 10 billion commitment per KBLI. The figure above is the binding override for this activity — the higher number wins.

§ 02

How we handle your KBLI 65113 setup

Emerhub is a corporate-services provider in Indonesia. We do the legal and regulatory legwork for foreign investors so you can focus on the business itself. Here's what the engagement looks like.

1
Confirm the optimal structure for your business
2–3 business days
We confirm KBLI 65113 is the right primary code for your business, advise on secondary codes you may also need, and finalize the holding structure with you before any filing.
What we need from you
- Founders' passport copies and proof of residence
- Intended share split and board composition
2
Incorporate your PT PMA
7–10 business days
We draft the Articles of Association before a notary, register the entity with the Ministry of Law & Human Rights (Kemenkumham), and obtain the company's tax ID (NPWP). Under BKPM Reg. 5/2025, paid-up capital is IDR 2.5 billion (~USD 160K) — the cash actually deposited at incorporation. The IDR 10 billion+ figure many sources still cite is the total investment commitment per KBLI, realised over time via your LKPM reports.

Get an exact quote and timeline for KBLI 65113, scoped to your specific business plan.

Request a quote

Speak to Emerhub

Get your KBLI 65113 setup handled end-to-end.

Emerhub is a corporate-services provider in Indonesia. We handle PT PMA incorporation, licensing, tax registration and monthly compliance — so you focus on operating the business.

Get a quote for KBLI 65113

§ 01

Foreign investment rules

Status · open

Open under BUPM (subject to sector rules)

Sector capital requirement

Higher minimum capital required by OJK

Life insurance

Required paid-up

IDR 500 billion (general); IDR 1 trillion (sharia takaful)

Regulation

POJK 23/2023 (Perusahaan Asuransi)

BKPM Reg. 5/2025's default is IDR 2.5 billion paid-up + IDR 10 billion commitment per KBLI. The figure above is the binding override for this activity — the higher number wins.

§ 02

How we handle your KBLI 65113 setup

Emerhub is a corporate-services provider in Indonesia. We do the legal and regulatory legwork for foreign investors so you can focus on the business itself. Here's what the engagement looks like.

1
Confirm the optimal structure for your business
2–3 business days
We confirm KBLI 65113 is the right primary code for your business, advise on secondary codes you may also need, and finalize the holding structure with you before any filing.
What we need from you
- Founders' passport copies and proof of residence
- Intended share split and board composition
2
Incorporate your PT PMA
7–10 business days
We draft the Articles of Association before a notary, register the entity with the Ministry of Law & Human Rights (Kemenkumham), and obtain the company's tax ID (NPWP). Under BKPM Reg. 5/2025, paid-up capital is IDR 2.5 billion (~USD 160K) — the cash actually deposited at incorporation. The IDR 10 billion+ figure many sources still cite is the total investment commitment per KBLI, realised over time via your LKPM reports.

Get an exact quote and timeline for KBLI 65113, scoped to your specific business plan.

Request a quote

Speak to Emerhub

Get your KBLI 65113 setup handled end-to-end.

Emerhub is a corporate-services provider in Indonesia. We handle PT PMA incorporation, licensing, tax registration and monthly compliance — so you focus on operating the business.

Get a quote for KBLI 65113

§ 02

Risk level by business scale

Indonesia's OSS Risk-Based Approach assigns a separate risk level for each of the four business scales. The licensing instruments required (NIB, Standard Certificate, Operating License) are determined by the risk level. Foreign-owned entities (PT PMA) must register at the Large scale, so the rightmost column applies to most foreign investors.

Licensed outside OSS RBA. KBLI 65113 is regulated directly by OJK under POJK 23/2023, not through the OSS scale-risk matrix — that's why the cells below show no risk level. PT PMA can register here, but the binding licensing track is the OJK application, not OSS Sertifikat Standar / Izin. See the capital section below for the regulator's paid-up minimum.

Micro

Usaha Mikro

≤ IDR 2 B turnover

Not available

OSS does not define a licensing matrix at this scale — businesses cannot register under this KBLI as Usaha at this size.

Small

Usaha Kecil

IDR 2 – 15 B

Not available

OSS does not define a licensing matrix at this scale — businesses cannot register under this KBLI as Usaha at this size.

Medium

Usaha Menengah

IDR 15 – 50 B

Not available

OSS does not define a licensing matrix at this scale — businesses cannot register under this KBLI as Usaha at this size.

Large

PMA scale

Usaha Besar

IDR > 50 B

Not available

OSS does not define a licensing matrix at this scale — businesses cannot register under this KBLI as Usaha at this size.

What does each risk level require to operate? ›

Low. NIB alone is sufficient for both preparation and commercial operation. Issued instantly via OSS.

Medium-Low. NIB enables preparation only. Commercial operation requires a self-declared Sertifikat Standar (Standard Certificate). Operating with NIB alone is not legally compliant.

Medium-High. NIB enables preparation only. Commercial operation requires a Sertifikat Standar verified by the competent ministry — typically with a site or document inspection.

High. NIB enables preparation only. Commercial operation requires a full Operating License (Izin) issued by the competent ministry after substantive review.

Beyond OSS, sector-specific permits commonly apply on top — e.g. SBU for construction, BPOM for food/cosmetics/medicines, OJK for financial services, IUP for mining, PSE for digital services. See the industry-specific guidance below for what applies to this KBLI.

§ 08

Common questions about KBLI 65113

What is KBLI 65113?

KBLI 65113 (Unit Syariah Asuransi Jiwa) is the 5-digit Indonesian Standard Industrial Classification code for sharia life insurance unit. It sits within the Financial and Insurance Activities category in the official KBLI 2020 taxonomy maintained by Badan Pusat Statistik (BPS).

Can foreign investors operate under KBLI 65113?

Yes — KBLI 65113 is open to foreign investment, but the licensing path runs entirely through OJK under POJK 23/2023, not OSS RBA. BKPM Reg. 5/2025's IDR 2.5 billion default does NOT apply to this code; the binding capital floor is set by OJK and is materially higher (see the capital question below).

What is the risk level of KBLI 65113?

KBLI 65113 is licensed directly by OJK under POJK 23/2023, not through the OSS RBA scale-risk matrix. The OSS-side risk level shows as 'none' because licensing happens on the OJK track instead. PT PMA registration is fully open, subject to the sector regulator's capital and licensing requirements. See the investment status block for the ownership verdict and the licensing detail section for the per-permit authority routing.

What licenses does KBLI 65113 require?

OSS hasn't published the regulatory profile for KBLI 65113 yet. The standard NIB applies, plus sector-specific licenses based on the activity. Confirm with the relevant ministry before incorporating.

What is the minimum capital for a PT PMA under KBLI 65113?

Sector regulator override: IDR 500 billion (general); IDR 1 trillion (sharia takaful) required by OJK under POJK 23/2023 (Perusahaan Asuransi). This is higher than BKPM Reg. 5/2025's default IDR 2.5 billion paid-up; the higher number wins. See the investment status block for the ownership context.

How long does it take to register a business under KBLI 65113?

PT PMA setup typically takes 4-8 weeks end-to-end: AHU registration, NIB via OSS, bank account opening. KBLI-specific licensing depends on the permit instrument required.

Is KBLI 65113 eligible for Indonesian tax incentives?

Not on the Tax Holiday or Tax Allowance priority lists. KBLI 65113 businesses pay the standard 22% PPh Badan; Super Tax Deduction (300% R&D / 200% vocational training) may still apply for qualifying expenses.

Which authority issues the KBLI 65113 license?

Authority depends on the investor profile. For PMA: Minister/Head of Agency (BKPM/OSS). For domestic SME scale: typically Governor (for Provincial scope) or Regent/Mayor (Regency/City scope). See the licensing detail section for the full per-permit authority routing.

What other permits beyond the NIB does KBLI 65113 need?

Beyond the NIB, no specific auxiliary permits (PB UMKU) are recorded for KBLI 65113. Sector-specific obligations may still apply — verify with the relevant ministry.

What KBLI codes are similar to 65113?

KBLIs in the same subgroup 6511: 65111 (Conventional Life Insurance); 65112 (Sharia-Compliant Life Insurance). These are closely related activities — see the related-codes section below for full list.

Ownership — open under BUPM

Industry licensing — direct OJK route

Operational requirements — standard PT PMA setup

KBLI 65113 at a glance

What you’ll need to operate under KBLI 65113

Foreign investment rules

Open under BUPM (subject to sector rules)

Higher minimum capital required by OJK

How we handle your KBLI 65113 setup

Confirm the optimal structure for your business

Incorporate your PT PMA

Related codes in Life Insurance

Get your KBLI 65113 setup handled end-to-end.

Open under BUPM — subject to sector regulator requirements.

What's specific to this sector

What you’ll need to operate under KBLI 65113

Foreign investment rules

Open under BUPM (subject to sector rules)

Higher minimum capital required by OJK

How we handle your KBLI 65113 setup

Confirm the optimal structure for your business

Incorporate your PT PMA

Related codes in Life Insurance

Get your KBLI 65113 setup handled end-to-end.

We obtain your NIB

Secure your commercial-operation license

Hand-off to ongoing compliance

What is KBLI 65113?

Who needs KBLI 65113?

Why does the code matter?

Under the upcoming KBLI 2025

Reorganised in KBLI 2025

Risk level by business scale

Micro

Small

Medium

Large

Common questions about KBLI 65113

What is KBLI 65113?

Can foreign investors operate under KBLI 65113?

What is the risk level of KBLI 65113?

What licenses does KBLI 65113 require?

What is the minimum capital for a PT PMA under KBLI 65113?

How long does it take to register a business under KBLI 65113?

Is KBLI 65113 eligible for Indonesian tax incentives?

Which authority issues the KBLI 65113 license?

What other permits beyond the NIB does KBLI 65113 need?

What KBLI codes are similar to 65113?