Can foreigners operate a residential property management (fee-based) business in Indonesia?

Yes. KBLI 68292 (Pengelolaan Real Estat Hunian atas Dasar Balas Jasa) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 68292?

KBLI 68292 has a Menengah Tinggi risk classification. Required license: NIB dan Sertifikat Standar. Processing time: 3 Hari.

KBLI 68292 is the Indonesian business classification code for "Pengelolaan Real Estat Hunian atas Dasar Balas Jasa" (Residential Property Management (Fee-Based)). It falls under Section L of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025), effective June 18, 2026.

How did KBLI 68292 change from KBLI 2020 to 2025?

KBLI 68292 was mapped from previous code 68200 (KBLI 2020). Agent mapping: 68200 (Real Estat Atas Dasar Balas Ja...) [high] All businesses must migrate to KBLI 2025 by June 18, 2026 per BPS Regulation 7/2025.

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KBLI 68292★ Gold-Tier Intel

Residential Property Management (Fee-Based)

Pengelolaan Real Estat Hunian atas Dasar Balas Jasa

🏠 Section L — Real Estate Activities

✅Open· 100% ForeignMedium-High RiskRenumbered

Managing residential real estate on fee/contract basis — supervising and coordinating operations, maintenance, and repairs; collecting rent; preparing budgets; drafting and enforcing rules of conduct for the property.

Licensing & Requirements

What You Need

Risk LevelMedium-High (Menengah Tinggi)

License TypeNIB dan Sertifikat Standar

Processing3 Hari

Foreign Ownership100% Open

AuthorityBKPM / OSS

PP28/2025 Licensing Data1 scale

Mikro, Kecil, Menengah, BesarMedium-High RiskNIB dan Sertifikat Standar⏱ 3 HariFiktif Positif

Requirements (Indonesian)2

1Badan usaha berbentuk badan hukum yang didirikan dan berkedudukan dalam wilayah hukum Negara Kesatuan Republik Indonesia

2Daftar tenaga ahli yang kompeten di bidang Jasa Perantaraan Perdagangan Properti sebagai berikut: a. Seluruh Broker Properti wajib berkewarganegaraan Indonesia dengan area pekerjaan perantaraan perdagangan properti (property brokerage) b. Paling sedikit 1 (satu) orang tenaga ahli dengan area pekerjaan manajemen perantaraan perdagangan properti (management broker property) c. Dalam hal melakukan aktivitas jasa manajemen pengelolaan Properti dan konsultansi investasi Properti, wajib didukung paling sedikit 1 (satu) orang tenaga ahli dengan area pekerjaan manajemen properti dan investasi (property management and investment) Setiap tenaga ahli dilengkapi dengan: a. Salinan Sertifikat Kompetensi Kerja yang diterbitkan oleh instansi yang berwenang b. Surat pernyataan yang menyatakan bahwa tenaga ahli tidak terdaftar pada Pelaku Usaha lain yang sejenis c. Daftar Riwayat Hidup/ Curriculum Vitae

Post-License Obligations9

Memiliki perjanjian tertulis dengan pengguna jasa sesuai ketentuan peraturan perundang-undangan

Menyampaikan data dan/atau informasi sesuai dengan ketentuan peraturan perundang-undangan

Menggunakan sistem pembayaran yang berlaku secara nasional dalam setiap transaksi

Menunjukkan tanda pengenal dalam menjalankan kegiatan usaha yang paling sedikit memuat informasi sesuai dengan ketentuan peraturan perundang-undangan

Mencantumkan nomor Perizinan Berusaha P4 di tempat yang mudah terlihat pada lokasi usaha dan pada setiap kegiatan publikasi, baik media cetak, media elektronik, maupun media lainnya

Menentukan besaran/ nilai komisi sesuai ketentuan peraturan perundang-undangan

Menyampaikan laporan kegiatan usaha kepada Menteri Perdagangan

→ Submit periodic business activity reports to regulator

Menyampaikan perubahan data P4 sesuai dengan ketentuan peraturan perundang-undangan kepada Menteri Perdagangan

Dalam hal P4 melakukan aktivitas perdagangan melalui sistem elektronik wajib memenuhi ketentuan peraturan perundang-undangan di bidang perdagangan melalui sistem elektronik.

ALL scales. Medium-High. NIB + Standard Certificate. 3-DAY processing (very fast).

CRITICAL REQUIREMENTS

Must be an Indonesian legal entity. ALL property brokers must be WNI (Indonesian nationals). Must have certified experts: at minimum 1 property management and investment expert with Sertifikat Kompetensi Kerja. Must display P4 licensing number visibly. Must report to Ministry of Trade.

PMA

Fully open — 100% foreign ownership allowed.

2020 → 2025

CODICE_RINUMERATO from 68200. Previously a catch-all. Now the 'nominee killer' — any third party managing property MUST hold this code. Foreigners managing properties they don't own without this license risk deportation.

Bali Intelligence

THE MOST IMPORTANT REAL ESTATE CODE FOR BALI. This legalizes (and mandates licensing for) the massive villa/property management industry. Hundreds of companies manage properties for absent owners — handling rent collection, maintenance, tenant relations. Under the new enforcement: managing a property you don't own WITHOUT this license = working illegally. For PMA investors, 68292 offers a SCALABLE model: manage hundreds of properties without owning land. CRITICAL: All broker positions must be Indonesian nationals — a foreign owner can be Director but cannot personally act as broker. Compare with 55901 (accommodation management for hospitality operations) — 68292 is for the PROPERTY side, 55901 is for the HOSPITALITY OPERATION side. Smart operators hold both.

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Read Full Guide on Bali Zero↗

KBLI 2025 Real Estate Codes: Property Development, Management & Investment

kita.balizero.com

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 2: Real Estate

6 in category

1344General ManagerManajer Umum

1344Deputy General ManagerWakil Manajer Umum

1223Retail Development General ManagerManajer Umum Pengembangan Retail

1213Corporate Planning ManagerManajer Perencanaan Perusahaan

1221Marketing ManagerManajer Pemasaran

Kepmen 228/2019 lists 6 TKA-eligible positions in this category. Selection optimized using ISCO classification methodology.

KEDUA Provision — Directors & Commissioners Exemption

Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.

Complementary Codes

55901 — Accommodation Management (for hospitality operations)
68210 — Real Estate Brokerage (if also facilitating sales)
68111 — Real Estate Owned (if also owning properties)
68291 — Property Appraisal (for valuations)

Related Codes

68210Section L

Real Estate Brokerage / Agency

Aktivitas Jasa Intermediasi Real Estat

→

✅Open· 100% ForeignMedium-High Risk

68291Section L

Real Estate Appraisal

Jasa Penaksir Real Estat

→

✅Open· 100% ForeignHigh Risk

68299Section L

Other Fee-Based Real Estate Services

Aktivitas Real Estat atas Dasar Balas Jasa (fee) atau

→