Indonesia corporate bank account

Authored by Aidan Healy

Indonesia’s banking sector is relatively unsophisticated for international entrepreneurs. In our experience, finding an efficient Indonesia corporate bank account represents a challenge. However, many international banks have branches in Indonesia and an Indonesia corporate bank account is a useful tool for companies wishing to confine their activities solely to Indonesia.

The following information will help you determine whether an Indonesia corporate bank account meets your business needs:

  1. Indonesia’s banking sector is less sophisticated than traditional Asian financial centres such as nearby Singapore and Hong Kong;
  2. An Indonesia corporate bank account offers a full range of conventional banking products and services for businessmen, including investment products, financing products and services, trade and credit facilities, remittances, bank guarantee facilities, and vendor financing;
  3. An Indonesia corporate bank account with an international bank has full Internet banking facilities;
  4. There are no restrictions on foreign (i e non-Indonesian) firms opening an Indonesian corporate bank account;
  5. Healy Consultants’ Clients do not need to travel to Indonesia to open an Indonesian corporate bank account. Our officers in Indonesia will handle the Indonesia corporate bank account opening formalities on your behalf.

Healy Consultants fees to help open an Indonesia corporate bank account

Our fee to assist you to open an Indonesia corporate bank account amounts to US$2,950. This fee includes:

  1. Healy Consultants International Banking Team completing the Indonesia corporate bank account application form on behalf of our Client, and obtaining our Client’s signature;
  2. Healy Consultants’ International Banking Team preparing a detailed Business Plan relating to our Client’s company to support the Indonesia corporate bank account application. The Business Plan provides details of the company’s activities, products and services offered, details of the company’s suppliers and some information on its Clients, and intended markets;
  3. Healy Consultants International Banking Team submitting the Indonesia corporate bank account application form and Business Plan to the bank, together with the corporate and personal information outlined above;
  4. Healy Consultants’ local officer attending a bank interview in Indonesia on your behalf, describing your global business activities and explaining why you require an Indonesia corporate bank account. As described above, Healy Consultants can open an Indonesian corporate bank account without the bank signatory and beneficial owners’ presence;
  5. Paying the initial bank deposit to the Indonesian bank on our Client’s behalf. A scanned copy of the bank deposit slip is emailed to our Client as verification of the same;
  6. On behalf of our Client, Healy Consultants applies for corporate internet banking facilities to accompany the Indonesia corporate bank account;
  7. On behalf of our Client, Healy Consultants applies for a credit card, ATM card and cheque book to accompany the Indonesia corporate bank account;
  8. Healy Consultants International Banking Team receiving approval from Indonesia for the opening of the Indonesia corporate bank account;
  9. Healy Consultants receiving the Indonesia corporate bank account Internet login and password information in a sealed letter that is passed directly to our Client;
  10. Healy Consultants receiving a corporate cheque book in a sealed letter that is passed directly to our Client;
  11. Healy Consultants receiving credit and ATM cards in a sealed letter that is passed directly to our Client.

Please note that our fee to open an Indonesia corporate bank account does not include the initial deposit required by the bank.

View the complete guide to Indonesia company incorporation.

Contact us

For additional information on Indonesia corporate bank account services, you can email us at email@healyconsultants.com or phone us at (+65) 6735 0120. Address: JL. Danau Toba No. 104, Bendungan Hillir, Jakarta Pusat Indonesia 10210.

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