Can foreigners operate a other fee-based real estate services business in Indonesia?

Yes. KBLI 68299 (Aktivitas Real Estat atas Dasar Balas Jasa (fee) atau) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 68299?

KBLI 68299 has a Menengah Tinggi risk classification. Required license: NIB dan Sertifikat Standar. Processing time: 3 Hari.

KBLI 68299 is the Indonesian business classification code for "Aktivitas Real Estat atas Dasar Balas Jasa (fee) atau" (Other Fee-Based Real Estate Services). 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 68299 change from KBLI 2020 to 2025?

KBLI 68299 was mapped from previous code 47920 (KBLI 2020). PP28 usa codice KBLI 2020 47920 (Perdagangan Eceran Atas Dasar ...). Match: 77% All businesses must migrate to KBLI 2025 by June 18, 2026 per BPS Regulation 7/2025.

Breadcrumb

Other real estate services property consulting Indonesia

KBLI 68299★ Gold-Tier Intel

Other Fee-Based Real Estate Services

Aktivitas Real Estat atas Dasar Balas Jasa (fee) atau

🏠 Section L — Real Estate Activities

✅Open· 100% ForeignMedium-High RiskRenumbered

Catch-all for fee-based real estate services not classified elsewhere. Covers: rent collection agencies; non-residential property management in shared ownership; real estate consulting for buying/selling/leasing on fee or contract basis.

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. Same staffing requirements as 68292 — WNI brokers, certified experts, P4 licensing.

PMA

Fully open — 100% foreign ownership allowed.

2020 → 2025

CODICE_RINUMERATO from 47920 (previously a retail trading code!). The reclassification from 'retail' to 'real estate' reflects the service nature of these activities.

Bali Intelligence

This is the complement to 68292 — while 68292 specifically covers RESIDENTIAL property management, 68299 covers NON-RESIDENTIAL and other fee-based services. Think: managing a commercial building, operating a rent collection service, or providing real estate consulting. For Bali, this covers commercial property management (shops, offices, mixed-use) and real estate advisory services. Same WNI broker restriction applies. Same P4 licensing framework.

🏗

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

68292 — Residential Property Management (for residential side)
68210 — Real Estate Brokerage (for sales intermediation)
70203 — General Management Consulting (for advisory services)
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

68292Section L

Residential Property Management (Fee-Based)

Pengelolaan Real Estat Hunian atas Dasar Balas Jasa

→