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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Key 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
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
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.
64127 stands for public credit bank (bpr)
|Section||Financial and insurance activities|
|Division||Financial service activities, except insurance and pension funding|
|Indonesian class||Public credit bank (bpr)|
Activities similar to Public credit bank (bpr)
- Sharia micro financial institutions
- Other monetary intermediation
- Sharia business unit
- Cooperative save loan or conventional save loan unit
- Sharia conventional loan save cooperations or units
- Lembaga keuangan mikro konvensional
- Bank pembiayaan rakyat (bpr) syariah
- Devisa sharia commercial bank
- Non devisa sharia commercial banks
- 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?
- At least two shareholders
- Maximum of 100% of the shares can be held by foreign shareholders.
- 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.
- 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|
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.