KBLI 66173: Futures Advisor

KBLI 66173: Futures Advisor · 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

Fully open to foreign investment

KBLI 66173 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 66173

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 66173

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

01
Futures advisor representative
02
All, except for futures advisory representatives

§ 03

How we handle your KBLI 66173 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 66173 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 66173, scoped to your specific business plan.

Request a quote

§ 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 · 2

Sub-activity scope

Futures advisor representative

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

2Days

Statutory turnaround

Application requirements

Documents and capabilities you must demonstrate at registration

01Form I.PSB.10 (Application for License as a Futures Advisor Representative)
02curriculum vitae
03$45
04Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
05$47
06Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
07$49
08Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
09$4b
10Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
11A statement signed by the prospective WPSB contains the following information (Form. Statement) (attachment to Bappebti Regulation number 6 of 2020): a. has never committed a crime in the economic or financial sector b. has never been blacklisted by the banking sector c. has never been convicted of a crime with a legal penalty of more than 5 (five) years
124 (Four) recent color passport-sized photos measuring 4x6.

Ongoing obligations

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.

Authority	Applies when
Minister/Head of Agency	All
Minister/Head of Agency	Foreign Investment

Speak to Emerhub

Get your KBLI 66173 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 66173

§ 01

Foreign investment rules

Status · open

Fully open to foreign investment

§ 02

Activities included under KBLI 66173

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 66173

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

01
Futures advisor representative
02
All, except for futures advisory representatives

§ 03

How we handle your KBLI 66173 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 66173 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 66173, scoped to your specific business plan.

Request a quote

§ 06

Licensing requirements in detail

Sub-activity scopes · 2

Sub-activity scope

Futures advisor representative

What's required to operate

NIB

Preparation only — additional permit needed below

Operating License (Izin)

Processing time

2Days

Statutory turnaround

Application requirements

Documents and capabilities you must demonstrate at registration

01Form I.PSB.10 (Application for License as a Futures Advisor Representative)
02curriculum vitae
03$45
04Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
05$47
06Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
07$49
08Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
09$4b
10Guarantee of sufficient funding, evidenced by: - Documents guaranteeing sufficient funding, evidenced by financial statements for the last 3 (three) years that have been audited by a registered public accountant in accordance with the legislation for businesses that have been established for more than 3 (three) years; - Documents of agreements with other parties stating the guarantee of sufficient funding issued by other parties whose value is in accordance with the business plan in the feasibility analysis; or - A letter of statement from a general bank located in Indonesia, stating that the business has the funding capability to carry out its activities with an amount in accordance with the business plan in the feasibility analysis.
11A statement signed by the prospective WPSB contains the following information (Form. Statement) (attachment to Bappebti Regulation number 6 of 2020): a. has never committed a crime in the economic or financial sector b. has never been blacklisted by the banking sector c. has never been convicted of a crime with a legal penalty of more than 5 (five) years
124 (Four) recent color passport-sized photos measuring 4x6.

Ongoing obligations

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.

Authority	Applies when
Minister/Head of Agency	All
Minister/Head of Agency	Foreign Investment

Speak to Emerhub

Get your KBLI 66173 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 66173

§ 08

Common questions about KBLI 66173

What is KBLI 66173?

KBLI 66173 (Penasihat Berjangka) is the 5-digit Indonesian Standard Industrial Classification code for futures advisor. 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 66173?

Yes — KBLI 66173 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 66173?

KBLI 66173'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 66173 require?

NIB + Operating Licence (Izin). KBLI 66173 is High risk at Large scale, so the Operating Licence requires substantive sector-regulator approval before the business can operate. Expect a multi-month review with technical submissions.

What is the minimum capital for a PT PMA under KBLI 66173?

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 66173?

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 66173 specifically takes 2 days at the Large business scale.

Is KBLI 66173 eligible for Indonesian tax incentives?

Not on the Tax Holiday or Tax Allowance priority lists. KBLI 66173 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 66173 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 66173 need?

Beyond the NIB, no specific auxiliary permits (PB UMKU) are recorded for KBLI 66173. Sector-specific obligations may still apply — verify with the relevant ministry.

What KBLI codes are similar to 66173?

KBLIs in the same subgroup 6617: 66171 (Alternative Trading System Operator); 66172 (Pengelola Sentra Dana Berjangka); 66174 (Pengelola Tempat Penyimpanan Fisik Komoditi); 66179 (Other Commodity Futures Trading Support Activities). These are closely related activities — see the related-codes section below for full list.

What you’ll need to operate under KBLI 66173

Foreign investment rules

Fully open to foreign investment

Activities included under KBLI 66173

Sub-activities under KBLI 66173

How we handle your KBLI 66173 setup

Confirm the optimal structure for your business

Incorporate your PT PMA

Licensing requirements in detail

Application requirements

Ongoing obligations

Issuing authority

Related codes in Activities Supporting Commodity Futures Trading

Get your KBLI 66173 setup handled end-to-end.

Yes — open to PMA up to 100%.

What's specific to this sector

KBLI 66173 at a glance

What you’ll need to operate under KBLI 66173

Foreign investment rules

Fully open to foreign investment

Activities included under KBLI 66173

Sub-activities under KBLI 66173

How we handle your KBLI 66173 setup

Confirm the optimal structure for your business

Incorporate your PT PMA

Licensing requirements in detail

Application requirements

Ongoing obligations

Issuing authority

Related codes in Activities Supporting Commodity Futures Trading

Get your KBLI 66173 setup handled end-to-end.

We obtain your NIB

Secure your full Operating License (Izin)

Hand-off to ongoing compliance

What is KBLI 66173?

Who needs KBLI 66173?

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 66173

What is KBLI 66173?

Can foreign investors operate under KBLI 66173?

What is the risk level of KBLI 66173?

What licenses does KBLI 66173 require?

What is the minimum capital for a PT PMA under KBLI 66173?

How long does it take to register a business under KBLI 66173?

Is KBLI 66173 eligible for Indonesian tax incentives?

Which authority issues the KBLI 66173 license?

What other permits beyond the NIB does KBLI 66173 need?

What KBLI codes are similar to 66173?