KBLI 64132

NON DEVISA SHARIA COMMERCIAL BANKS

This group includes banking activities that run their business according to the principles of sharia, where the main activity is collecting public funds in the form of savings and syirkah which rules follow Islamic law and channeling the funds back in the form of providing credit. Sharia Commercial Bank is a Sharia Bank which in its activities provides services in payment traffic as well as conducting business activities in rupiah and or or conducting banking transactions with domestic parties.

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Key requirements to set up a non devisa sharia commercial banks in Indonesia

The following requirements are based on the Indonesian business classification code 64132

Maximum foreign ownership
100%
Minimum capital
Rp. 2.5 billion
Local SME partnership required
No

What is a KBLI 64132?

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

3

Class

2

Indonesian class

64132 stands for non devisa sharia commercial banks

What are the requirements to set up a non devisa sharia commercial banks in Indonesia?

Shareholders

  • At least two shareholders
  • Maximum of 100% of the shares can be held by foreign shareholders.

Capital

  • Minimum paid up capital is Rp 2.500.000.000,00
  • Paid-up capital will not be injected in the company during the registration process. Instead, the shareholders issue a statement letter that at least the amount of minimum paid-up capital will be injected to the company once the registration is completed.

Corporate structure

  • At least one director. At least one of the directors must be an Indonesian resident. The directors are in charge of the daily operations of the company.
  • At least one commissioner. Commissioners are overseeing the work of directors on behalf of the shareholders.
  • The same person cannot be both a director and a commissioner.
  • There is no requirement for the director or commissioner to hold shares in the company.
  • Registered address in a building with the correct building permit.

Example of typical shareholder table

Name Country of origin Role Shares Capital contribution
Smith Industries Ltd. Australia 7500 Rp1875000000
John Smith Australia Commissioner 2500 Rp625000000
Budianto Indonesia Director 0 Rp 0,00
10000 Rp 2.500.000.000,00

The process of registering non devisa sharia commercial banks company in Indonesia

The exact process of registering a non devisa sharia commercial banks company depends on the location of your company's registered address.

The fastest way to register a company in Indonesia is in South Jakarta (Jakarta Selatan), using Emerhub's registered address. This cuts down the registration time to five working days.

In Bali, the typical registration time is 3-4 weeks. Elsewhere in Indonesia the registration times vary between 2-6 weeks.

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