Indonesia
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Hong Kong KBLI 66225
REINSURANCE BROKER ACTIVITIES
This group includes the activities of business entities that provide consulting and or or intermediary services in reinsurance placement or sharia reinsurance placement and handling of claims settlement by acting for and on behalf of the insurance company, sharia insurance company, guarantee company, sharia guarantee company, reinsurance company, or company. sharia reinsurance that performs sharia reinsurance or reinsurance placements
Register a company in Indonesia
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Contact our consultantsKey requirements to set up a reinsurance broker activities in Indonesia
The following requirements are based on the Indonesian business classification code 66225
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 66225?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
66
Division
2
Group
2
Class
5
Indonesian class
66225 stands for reinsurance broker activities
| KBLI | 66225 |
|---|---|
| Section | Activities auxiliary to financial service and insurance activities |
| Division | Activities auxiliary to insurance and pension funding |
| Group | Financial and insurance activities |
| Indonesian class | Reinsurance broker activities |
Activities similar to Reinsurance broker activities
- Insurance supporting activities and other pension fund
- Fund management activities
- Aktuaria
- Insurance broker activities
- Reinsurance broker activities
- Aktivitas agen asuransi
- Insurance broker activities
- Reinsurance broker activities
- Other financial service support activities ytdl
- Risk and damage evaluation
- Securities rating agencies
- Clearing and warranty futures institution
What are the requirements to set up a reinsurance broker activities 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 reinsurance broker activities company in Indonesia
The exact process of registering a reinsurance broker activities 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.