KBLI 2020 · 5-digit class

66152Futures Trading Broker

Pialang Perdagangan Berjangka

Last updated · Sourced from OSS Indonesia

This group includes business activities that engage in the buying and selling of commodities based on futures contracts, sharia derivative contracts, and/or other derivative contracts on behalf of clients by collecting a certain amount of money and/or specific securities as margin to secure the transaction, including for parties acting as futures brokerage representatives, opening futures brokerage branch offices, channeling foreign mandates, and participants in alternative trading systems.

For foreign investors · KBLI 66152
100% PMA

Yes — open to PMA up to 100%.

Operating license routes through Financial Services Authority, not OSS — Emerhub handles the application end-to-end.

Foreign ownership
100% PMA
Sector regulator
Financial Services Authority (OJK)
Min. paid-up capital
IDR 2.5B paid-up · BKPM Reg. 5/2025
Issuing authority for PMA
Minister/Head of Agency
Ministry-issued
Risk + license type
High·NIB + Operating License (Izin)
Setup timeline
PT PMA 4–8 weeks; Emerhub files the Operating License (typically 2–6 months ministry review).

What's specific to this sector

  • 01

    Payment systems (PJSP) require OJK and Bank Indonesia approval.

  • 02

    Money changers are limited to 100% Indonesian capital.

  • 03

    Most fintech activities require additional OJK or BI sandbox registration.

Get a verified setup plan for KBLI 66152Read the full regulatory profile

KBLI 66152 at a glance

KBLI code
66152
Taxonomy version
KBLI 2020
Activity (English)
Futures Trading Broker
Activity (Indonesian)
Pialang Perdagangan Berjangka
Category
Financial and Insurance Activities
Risk level (Large scale, PMA)
High
Foreign ownership status
Fully open to PMA (100%)
Minimum capital (PT PMA)
IDR 2.5 billion paid-up + IDR 10 billion+ commitment per KBLI (BKPM Reg. 5/2025)
Primary licensing instrument
NIB
Issuing authority (PMA)
Minister/Head of Agency
Tax incentive eligibility
None recorded
Last verified
April 24, 2026
Source: OSS Indonesia + BPS Peraturan 7/2025 + BKPM
§ 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

Fully open to foreign investment

KBLI 66152 is not on Indonesia's closed, conditional, SME-reserved or partnership-required schedules. A foreign investor may incorporate a PT PMA with up to 100% foreign ownership and operate in this activity directly.

This KBLI is not listed in any restricted, closed, SME-reserved or partnership-required schedule under Pres. Reg. 10/2021 (as amended). A 100% foreign-owned PT PMA may operate in this activity, subject to the licensing requirements shown below. BKPM's default minimum capital is IDR 2.5 billion paid-up with IDR 10 billion+ total investment commitment per KBLI realised over time, but sector regulators (OJK, ESDM, BPOM, Kominfo, etc.) can set higher minimums for specific activities — we confirm the actual figure before incorporation.
§ 02

Activities included under KBLI 66152

Sub-activities recorded under this KBLI in the OSS regulatory database. The classification covers any business operating in one or more of these areas.

Sub-activities under KBLI 66152

From the official OSS scope definition for this KBLI class. Each item is a distinct sub-activity that falls under this code.

  1. 01
    Opening of a Futures Brokerage Branch Office
  2. 02
    All, except for futures broker representatives, opening branch offices of futures brokers, system participants.
  3. 03
    Futures broker facilitating the transfer of client mandates to foreign futures exchanges.
  4. 04
    Participants in the alternative trading system
  5. 05
    Futures broker representative
§ 03

How we handle your KBLI 66152 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. 1

    Confirm the optimal structure for your business

    2–3 business days

    We confirm KBLI 66152 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. 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.

    What we need from you
    • Powers of attorney (we prepare; you sign and notarize)
    • Director / commissioner appointment letters
    • Initial capital deposit confirmation
  3. 3

    We obtain your NIB

    1–2 business days

    We file the OSS application with KBLI 66152 as your primary business activity, complete the risk-based assessment, and collect the NIB (Business Identification Number) for you — typically within hours of submission. You don't need to touch the OSS portal.

    What we need from you
    • Office address (virtual office acceptable for many KBLIs; we can arrange one)
  4. 4

    Secure your full Operating License (Izin)

    3+ business days

    NIB is issued for the preparation stage. Commercial operation requires a full Operating License (Izin) issued by the competent ministry after a substantive review of the operator's capability, facility, and compliance. Operating with NIB alone exposes the entity to penalties, blacklisting, and contract invalidation. We prepare the application bundle, liaise with the competent ministry, and chase issuance through to the certificate. Statutory turnaround: 3 business days — real-world timing typically runs longer when site inspections or additional clarifications are requested.

    What we need from you
    • Technical documentation specific to your operation
    • Appointment of a Penanggung Jawab Teknis (PJT — technical responsible person)
  5. 5

    Hand-off to ongoing compliance

    Ongoing

    Post-launch we run your monthly tax filings, quarterly LKPM (Investment Activity Reports), annual general meeting (RUPS), and any sector-specific reporting. You get a single point of contact and a monthly compliance digest — no Indonesian-language paperwork on your desk.

Get an exact quote and timeline for KBLI 66152, scoped to your specific business plan.
Request a quote
§ 03

What is KBLI 66152?

A plain-English explanation of this classification and the businesses it covers.

KBLI 66152 (Pialang Perdagangan Berjangka ) is the 5-digit Indonesian Standard Industrial Classification code for futures trading broker. It sits within Financial and Insurance Activities under the subgroup Commodity Futures Trading Intermediaries (major group 66) in the official KBLI 2020 taxonomy maintained by Statistics Indonesia (BPS).

This group includes business activities that engage in the buying and selling of commodities based on futures contracts, sharia derivative contracts, and/or other derivative contracts on behalf of clients by collecting a certain amount of money and/or specific securities as margin to secure the transaction, including for parties acting as futures brokerage representatives, opening futures brokerage branch offices, channeling foreign mandates, and participants in alternative trading systems.

Who needs KBLI 66152?

Any Indonesian or foreign-owned entity that intends to operate in futures trading broker as a primary or secondary business activity must select this code on its NIB (Business Identification Number). The selected code determines the licensing instruments required, the issuing authority, and the ongoing compliance obligations.

Why does the code matter?

Indonesia's OSS Risk-Based Approach uses the KBLI code to determine three things: (1) whether foreign investment is permitted and at what cap, (2) the risk-based licensing instruments required, and (3) the authority that issues each instrument. Choosing the wrong code can delay or invalidate your license.

§ 05

Under the upcoming KBLI 2025

Indonesia's BPS published the new KBLI 2025 taxonomy in early 2025. OSS, BKPM and the operating ministries have not yet adopted it — KBLI 2020 remains the active standard for business registration. This is what's coming for this specific code.

Carried forward into KBLI 2025

KBLI 66152 retains the same code number and scope in the new taxonomy. The activity description, hierarchy, and intended use of the code are preserved.

  • ·Continue using 66152 for current registrations under KBLI 2020.
  • ·When OSS adopts KBLI 2025 (timing not yet announced), no migration is required for this code.
  • ·Risk level, permits, and authority routing shown above remain in effect under both taxonomies.

When OSS adopts KBLI 2025, we'll migrate your existing entity to the appropriate successor code as part of ongoing compliance — no action needed on your end now.

Talk to a specialist
§ 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.

01

Micro

Usaha Mikro
≤ IDR 2 B turnover
High risk
NIB + full Operating License (Izin) before invoicing.
02

Small

Usaha Kecil
IDR 2 – 15 B
High risk
NIB + full Operating License (Izin) before invoicing.
03

Medium

Usaha Menengah
IDR 15 – 50 B
High risk
NIB + full Operating License (Izin) before invoicing.
04

Large

PMA scale
Usaha Besar
IDR > 50 B
High risk
NIB + full Operating License (Izin) before invoicing.
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.
§ 06

Licensing requirements in detail

Specific permits, application requirements and ongoing obligations vary by business scale and the sub-activity within this KBLI. We file these on your behalf — this section is for transparency on what we'll be handling. Switch between scales below; by default we show Large (the PMA scale).

Sub-activity scopes · 5
Sub-activity scope

Opening of a Futures Brokerage Branch Office

What's required to operate
NIB
Preparation only — additional permit needed below
Operating License (Izin)
Important: NIB is issued for the preparation stage. Commercial operation requires a full Operating License (Izin) issued by the competent ministry after a substantive review of the operator's capability, facility, and compliance. Operating with NIB alone exposes the entity to penalties, blacklisting, and contract invalidation.
Processing time
3Days
Statutory turnaround

Application requirements

4

Documents and capabilities you must demonstrate at registration

  • 01Business Identification Number (NIB)
  • 02Form Number I.PBK.13 (Letter of Application for Opening a Futures Broker Branch Office)
  • 03$49
  • 04Minutes of Physical Inspection from Bappebti stating that the physical Facilities and Infrastructure owned are in accordance with the applicable regulations.

Ongoing obligations

1

Compliance and reporting duties throughout operation

  • 01In accordance with the provisions of the Ministry/Agency

Issuing authority

The authority that issues the license depends on your situation.

AuthorityApplies when
Minister/Head of AgencyAll
Minister/Head of AgencyForeign Investment
§ 08

Common questions about KBLI 66152

What is KBLI 66152?

KBLI 66152 (Pialang Perdagangan Berjangka ) is the 5-digit Indonesian Standard Industrial Classification code for futures trading broker. 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 66152?

Yes — KBLI 66152 is fully open to foreign investment. A PT PMA may operate with up to 100% foreign ownership, subject to BKPM Reg. 5/2025 capital requirements (IDR 2.5 billion paid-up + IDR 10 billion+ commitment per KBLI).

What is the risk level of KBLI 66152?

KBLI 66152's risk levels per business scale: Micro High, Small High, Medium High, Large High. Foreign-owned entities (PT PMA) must register at the Large scale.

What licenses does KBLI 66152 require?

NIB only — KBLI 66152 is a low-risk activity in OSS RBA, so the Business Identification Number alone suffices for operational licensing.

What is the minimum capital for a PT PMA under KBLI 66152?

BKPM Reg. 5/2025 default applies: IDR 2.5 billion paid-up capital at incorporation + IDR 10 billion+ total investment commitment per KBLI registered, realized over time and reported quarterly via LKPM.

How long does it take to register a business under KBLI 66152?

PT PMA setup typically takes 4-8 weeks: AHU registration (1-2 weeks), NIB issuance via OSS (immediate to 1 week), bank account opening (2-4 weeks). The licensing cycle for KBLI 66152 specifically takes 3 days at the Large business scale.

Is KBLI 66152 eligible for Indonesian tax incentives?

Not on the Tax Holiday or Tax Allowance priority lists. KBLI 66152 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 66152 license?

Authority depends on the investor profile. For PMA: Minister/Head of Agency. For domestic SME scale: typically Governor (for Provincial scope) or Regent/Mayor (Regency/City scope). Specific mapping is in §1 of this page.

What other permits beyond the NIB does KBLI 66152 need?

Beyond the NIB, no specific auxiliary permits (PB UMKU) are recorded for KBLI 66152. Sector-specific obligations may still apply — verify with the relevant ministry.

What KBLI codes are similar to 66152?

KBLIs in the same subgroup 6615: 66151 (Pedagang Berjangka ); 66153 (Pedagang Fisik Komoditi); 66154 (Physical Commodity Trading Intermediary); 66159 (Other Commodity Futures Trading Intermediaries). These are closely related activities — see the related-codes section below for full list.

Emerhub advisor
Speak to Emerhub

Get your KBLI 66152 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 66152