CONSUMER FINANCING (CONSUMERS CREDIT)
This group includes businesses whose main activities are to finance the procurement of goods and services based on consumer needs with a payment system in installments or periodically. For example Adira Multi Finance, G.E. Finance.
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Key requirements to set up a consumer financing (consumers credit) in Indonesia
The following requirements are based on the Indonesian business classification code 64922
- Maximum foreign ownership
- Minimum capital
- Rp. 0 billion
- Local SME partnership required
What is a KBLI 64922?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
64922 stands for consumer financing (consumers credit)
|Section||Financial and insurance activities|
|Division||Financial service activities, except insurance and pension funding|
|Group||Other financial service activities, except insurance and pension funding activities|
|Indonesian class||Consumer financing (consumers credit)|
Activities similar to Consumer financing (consumers credit)
What are the requirements to set up a consumer financing (consumers credit) in Indonesia?
- This business classification does not allow foreign ownersip.
The process of registering consumer financing (consumers credit) company in Indonesia
The exact process of registering a consumer financing (consumers credit) company depends on the location of your company's registered address.