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Hong Kong KBLI 66195
WALI AMANAT (TRUSTEE)
This group includes the business activities of parties entrusted to represent the interests of all debt securities holders or sukuk
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Contact our consultantsKey requirements to set up a wali amanat (trustee) in Indonesia
The following requirements are based on the Indonesian business classification code 66195
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 66195?
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
5
Indonesian class
66195 stands for wali amanat (trustee)
| KBLI | 66195 |
|---|---|
| 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 | Wali amanat (trustee) |
Activities similar to Wali amanat (trustee)
- Insurance supporting activities and other pension fund
- Fund management activities
- Reinsurance broker activities
- Aktuaria
- Insurance 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 wali amanat (trustee) 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 wali amanat (trustee) company in Indonesia
The exact process of registering a wali amanat (trustee) 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.