Open Business Bank Account in Indonesia

Open a business bank account in Indonesia can be complex, but we simplify the process for you. Whether you’re setting up a new PT PMA or expanding your operations, we guide you through every step to open your company account with top banks like CIMB Niaga, Permata, and Bank Mega.

While you will still need to visit a local branch for final verification and to collect your corporate banking details, we ensure that everything is ready, making your visit quick and straightforward

Description

Need  to opening a business bank account in Indonesia? We can assist you with the entire process, making it simple and stress-free. We’ll guide you through the requirements and help prepare the necessary documents, so you can focus on what matters most.

If you are interested in setting up a personal bank account, you can find more details here.

Why You Need to Open a Business Bank Account in Indonesia?

1. Simplify Your Financial Operations
   Opening an Indonesian bank account streamlines your business transactions, from managing payroll to making prompt payments to suppliers. Reduce complexity, save time, and keep your business running smoothly.
2. Lower Your Transaction Costs
   Skip hefty international transfer fees and currency conversion charges. An Indonesian bank account enables you to transact in the local currency, significantly reducing operational costs.
3. Gain Easier Access to Local Financial Services
   Enjoy seamless integration with popular digital payment services like GoPay, OVO, and QRIS. Ensure smooth, secure, and efficient local transactions, thereby enhancing your customers’ and employees’ experience.
4. Build Credibility and Trust
   Having a local bank account demonstrates your long-term commitment to operating transparently in Indonesia. Strengthen relationships with clients, partners, and regulatory authorities, showcasing professionalism and trustworthiness.
5. Efficient Tax and Regulatory Compliance
   An Indonesian account simplifies financial reporting and taxation processes, ensuring compliance with local regulations. Stay ahead of the curve and operate your business confidently within the Indonesian market.

Requirements

Documents for the PT PMA Company :

1. Deed of Establishment (Akta) and its approval from the Ministry of Law and Human Rights
2. Business Identification Number (NIB) issued via the OSS system
3. Tax Identification Number (NPWP) and Tax Certificate (SKT)
4. Business License (Izin Usaha)
5. Domicile Letter (Surat Domisili) confirming official company address
6. BKPM Investment Approval (for PT PMA)

Documents for Directors & Authorized Signers

1. Copies of passport (foreign directors) with at least 18 months’ validity, and KITAS/KITAP work permit
2. For local directors/shareholders, KTP and NPWP
3. Copies of passports/ID and NPWP of all directors, shareholders, commissioners, and signatories
4. Authorization Letter (Surat Kuasa) for third-party or proxy account opening
5. Passport-style photo of the authorizing person

Procedure

1. Add This Service to Your Cart: Please add this product to your shopping cart and proceed to checkout for secure payment.
2. Submit Your Information: After checkout, you’ll be redirected to a form where you can enter all the required details and upload your documents.
3. We Verify & Confirm: Our team will review your submission and contact you within one business day via email or WhatsApp to confirm the next steps or request additional info if needed.
4. Account Details Sent to You: Once the setup is complete, we’ll send your bank account information, including account number, bank details, and access instructions, directly to your email or WhatsApp.