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Hong Kong KBLI 64127
PUBLIC CREDIT BANK (BPR)
This group includes banking activities that only accept deposits in the form of savings and time deposits as well as providing small-scale loans in the short term to the public.
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Contact our consultantsKey requirements to set up a public credit bank (bpr) in Indonesia
The following requirements are based on the Indonesian business classification code 64127
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 64127?
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
7
Indonesian class
64127 stands for public credit bank (bpr)
| KBLI | 64127 |
|---|---|
| Section | Financial and insurance activities |
| Division | Financial service activities, except insurance and pension funding |
| Group | Monetary intermediation |
| Indonesian class | Public credit bank (bpr) |
Activities similar to Public credit bank (bpr)
- Sharia micro financial institutions
- Other monetary intermediation
- Sharia conventional loan save cooperations or units
- Lembaga keuangan mikro konvensional
- Sharia business unit
- Cooperative save loan or conventional save loan unit
- Devisa sharia commercial bank
- Non devisa sharia commercial banks
- Bank pembiayaan rakyat (bpr) syariah
- Bank umum swasta devisa
- Non devised private commercial banks
- Public credit bank (bpr)
What are the requirements to set up a public credit bank (bpr) 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 public credit bank (bpr) company in Indonesia
The exact process of registering a public credit bank (bpr) 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.