KBLI 64124

FOREIGN BANK BRANCH OFFICES

This group includes the activities of foreign banks that open branches in the territory of Indonesia, including the foreign exchange bank group whose main activities are collecting public funds in the form of demand deposits, deposits and savings in the form of rupiah and foreign currency and channeling their funds back in the form of credit extension, and serving foreign transactions. . Foreign Bank is a Branch Office having an address and domicile in Indonesia from a Bank domiciling abroad, which is established under foreign law and having its head office abroad, which is directly or indirectly responsible to the head office of the Bank concerned as stated in applicable Bank Indonesia regulations

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Key requirements to set up a foreign bank branch offices in Indonesia

The following requirements are based on the Indonesian business classification code 64124

Maximum foreign ownership: 0%
Minimum capital: Rp. 0 billion
Local SME partnership required: No

What is a KBLI 64124?

A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.

64

Division

1

Group

2

Class

4

Indonesian class

64124 stands for foreign bank branch offices

KBLI	64124
Section	Financial and insurance activities
Division	Financial service activities, except insurance and pension funding
Group	Monetary intermediation
Indonesian class	Foreign bank branch offices