Indonesia
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Hong Kong KBLI 66192
STORAGE AND SETTLEMENT INSTITUTION
This group includes the business activities of the party that organizes the central depository for Custodian Banks, Securities Companies and other parties and the orderly, fair and efficient settlement of exchange transactions. Included in this group is the Indonesian Central Securities Depository (KSEI)
Register a company in Indonesia
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Contact our consultantsKey requirements to set up a storage and settlement institution in Indonesia
The following requirements are based on the Indonesian business classification code 66192
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 66192?
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
2
Indonesian class
66192 stands for storage and settlement institution
| KBLI | 66192 |
|---|---|
| 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 | Storage and settlement institution |
Activities similar to Storage and settlement institution
- Insurance supporting activities and other pension fund
- Fund management activities
- Insurance broker activities
- Reinsurance broker activities
- Aktuaria
- Insurance broker activities
- Reinsurance broker activities
- Aktivitas agen asuransi
- 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 storage and settlement 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 storage and settlement institution company in Indonesia
The exact process of registering a storage and settlement 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.
