Indonesia
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Hong Kong KBLI 66191
SECURITIES CLEARING AND GUARANTEE INSTITUTION
This group includes the business activities of parties that provide clearing and guarantee for exchange transaction settlement in an orderly, fair and efficient manner. Included in this group is PT Kliring Penjaminan Efek Indonesia (KPEI).
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Contact our consultantsKey requirements to set up a securities clearing and guarantee institution in Indonesia
The following requirements are based on the Indonesian business classification code 66191
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 66191?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
66
Division
1
Group
9
Class
1
Indonesian class
66191 stands for securities clearing and guarantee institution
| KBLI | 66191 |
|---|---|
| Section | Activities auxiliary to financial service activities, except insurance and pension funding |
| Division | Activities auxiliary to financial service and insurance activities |
| Group | Financial and insurance activities |
| Indonesian class | Securities clearing and guarantee institution |
Activities similar to Securities clearing and guarantee institution
- Fund management activities
- Insurance supporting activities and other pension fund
- Insurance broker activities
- Reinsurance broker activities
- Aktuaria
- Aktivitas agen asuransi
- Insurance broker activities
- Reinsurance broker activities
- Other financial service support activities ytdl
- Risk and damage evaluation
- Management of funds central funds
- Securities rating agencies
What are the requirements to set up a securities clearing and guarantee institution 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 securities clearing and guarantee institution company in Indonesia
The exact process of registering a securities clearing and guarantee institution 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.
