Indonesia Bank Account Setup
Overview
Business Hub Asia facilitates the opening of corporate bank accounts in Indonesia for both domestic (PT) and international (PT PMA) companies. This service caters to operational necessities, business transactions, and administrative obligations, providing comprehensive support from bank selection through account activation.
Free ConsultationKey Features
Bank Selection Consultation
Recommend the best bank according to business needs, such as ease of international transactions, priority services, or investment partnerships.
Complete Administrative Process Assistance
We help you to notify and collect all required documents and ensure all bank requirements are met.
Coordination with Bank and Meeting Schedule
Arrangement of account opening schedule, including face-to-face meeting or online verification, according to the bank's policy.
Account Opening for PT PMA, Local PT, CV, and Foundation
Supports all forms of business entities, including foreign companies and non-profit foundations.
Remote Account Opening Options
For certain banks, account opening is allowed without physical presence in Indonesia (terms & conditions apply).
Minimum Requirements
Establishment Documents
Deed of Establishment and Legalization Decree (PT, CV, Foundation)
Tax & Business Registration
NPWP and NIB (Business Identification Number)
Company Structure
Identity of directors and shareholders
Authorization
Power of attorney (if authorized)
Supporting Documents
Other supporting documents, depending on the type of business entity and the destination bank
Process and Timeline
1
Initial Consultation & Bank Selection
Discussion to determine the bank that suits your business needs, considering service features, administrative costs, and ease of access. Estimated Time: 1 working day.
2
Document Collection Requirements
Prepare company legality documents and the personal identity of the management. Required documents:
-
- Deed of Establishment & SK Kemenkumham
- Business Identification Number (NIB)
- Company NPWP
- Domicile Certificate
- Identity of Directors & Shareholders (KTP/Passport)
- Power of Attorney (if required)
Estimated Time: 2-3 working days
3
Fill out the Application Form
Complete the account opening form using the company’s information. Estimated Time: 1 working day.
4
Bank Verification and Approval
The bank verifies the documents and company data. Estimated Time: 3-7 working days.
5
Initial Deposit and Account Activation
Make an initial deposit according to bank requirements and activate the account. Estimated Time: 1 working day.
*The total estimated time to open a company bank account is 1-2 weeks.
Important Consideration
- Some banks in Indonesia require the presence of a managing director when opening an account.
- For PT PMA, ensure the business license (OSS) and investment documents are complete.
- Banks have their internal policies, including minimum initial deposits and additional verification.
- Remote account opening is only possible for certain banks and highly documented clients.
Frequently Asked Questions
Can a foreign company open a business bank in Indonesia?
Yes, through the establishment of a PT PMA. Once the legalities are complete, the foreign company can open a corporate bank account in Indonesia.
Is physical presence required at the bank to open a new account?
It is not uniformly the case. While certain financial institutions facilitate remote account establishment, the prevailing practice necessitates the physical attendance of a director or duly authorized representative.
What types of accounts can be opened?
Current account (corporate), business savings, and foreign currency (USD, EUR, etc).
Can the account be opened before the NIB is issued?
Most banks require NIB and NPWP as the main requirements for opening a business account.
Does this service also cover foundations or non-profit organizations?
Yes, we handle account opening for foundations and other social organizations.
Is there a minimum opening balance?
It depends on the bank requirement. Minimum balance may range from Rp. 1.000.000 (one million Rupiah) to Rp. 10.000.000 (ten million Rupiah) for a standard business account.
Comprehensive Support to Keep Your Business Running Smoothly
From operations to local compliance, our support services are designed to help your business grow sustainably in Indonesia.
Disclaimer
The content provided on this website is published by PT. Bisnis Hub Asia (“we“, or “us“) for general informational purposes only. While every effort is made to ensure the accuracy and timeliness of the information presented, we make no representations or warranties, express or implied, as to the completeness, accuracy, reliability, suitability, or availability of any content, products, or services described on this website. Any reliance placed on such information is strictly at the user’s own risk.
We are a private, independent entity and are not affiliated with, authorized by, or acting on behalf of the Government of the Republic of Indonesia, its ministries, agencies, or any officially appointed representatives. This website does not provide, offer, or promote any official government documents or services, including but not limited to:
-
Business identification numbers (Nomor Induk Berusaha – NIB);
-
Tax refunds or rebates;
-
Stay Permit or electronic travel authorizations;
-
Passports or other immigration-related documents.
Any references to such services are provided solely for general informational purposes and should not be construed as an offer or facilitation of official services.
We are committed to ensuring the protection of your personal data in accordance with Law No. 27 of 2022 on Personal Data Protection. Any personal information collected through this website will be processed for the purposes clearly stated in our [Privacy Statement]. We do not sell or misuse personal data under any circumstances.
By accessing and using this website, you acknowledge and agree to the terms set out in this Disclaimer. You further agree to use this website and the information provided responsibly and in compliance with applicable laws and regulations.
For further information or questions regarding this Disclaimer, please contact us via the channels provided on our Contact page.
Disclaimer
The content provided on this website is published by PT. Bisnis Hub Asia (“we“, or “us“) for general informational purposes only. While every effort is made to ensure the accuracy and timeliness of the information presented, we make no representations or warranties, express or implied, as to the completeness, accuracy, reliability, suitability, or availability of any content, products, or services described on this website. Any reliance placed on such information is strictly at the user’s own risk.
We are a private, independent entity and are not affiliated with, authorized by, or acting on behalf of the Government of the Republic of Indonesia, its ministries, agencies, or any officially appointed representatives. This website does not provide, offer, or promote any official government documents or services, including but not limited to:
-
Business identification numbers (Nomor Induk Berusaha – NIB);
-
Tax refunds or rebates;
-
Visas or electronic travel authorizations (e-Visa, e-VoA);
-
Passports or other immigration-related documents.
Any references to such services are provided solely for general informational purposes and should not be construed as an offer or facilitation of official services.
We are committed to ensuring the protection of your personal data in accordance with Law No. 27 of 2022 on Personal Data Protection. Any personal information collected through this website will be processed for the purposes clearly stated in our [Privacy Statement]. We do not sell or misuse personal data under any circumstances.
By accessing and using this website, you acknowledge and agree to the terms set out in this Disclaimer. You further agree to use this website and the information provided responsibly and in compliance with applicable laws and regulations.
For further information or questions regarding this Disclaimer, please contact us via the channels provided on our Contact page.
Meet the Expert
Meet the Expert
Ing. Michal Wasserbauer, Ph.D., CPA (Australia)
Senior Advisor at Business Hub Asia
Michal is a seasoned entrepreneur and Certified Practising Accountant (CPA Australia) with over 15 years of experience building and scaling companies in Southeast Asia. He is the founder and former CEO of Cekindo (acquired by InCorp Group). As Senior Advisor at Business Hub Asia, he guides international companies on market entry, corporate structuring, and regulatory advisory in Indonesia, Vietnam, and the Philippines.
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