How to open a business account in Indonesia

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Opening a business account in Indonesia starts with a registered company, not the bank. You set up a PT or, for foreign ownership, a PT PMA, register through the OSS system to get the NIB and corporate NPWP, then open the account at a local bank with the deed and supporting documents. International accounts such as Airwallex can onboard a registered entity online once it exists. The steps below reflect the position as of 15 April 2026, so confirm the current process with the bank and a local adviser.

Step one, register the company

A corporate bank account needs a legal entity behind it. Local owners typically form a PT, and foreign owners form a PT PMA. The company is created through a notarized deed of establishment that is approved by the Ministry of Law and Human Rights. As of 15 April 2026, a PT PMA carries a minimum paid up capital of IDR 2.5 billion under BKPM Regulation 5/2025, reduced from the earlier IDR 10 billion level. Confirm the current capital rules with a local adviser before you start.

Step two, get the NIB and NPWP

With the deed approved, you register the company through the OSS-RBA system, the risk based Online Single Submission portal. As of 15 April 2026 this step issues the NIB business identification number, the corporate NPWP tax number, and BPJS social security registration. Banks require a valid corporate NPWP and NIB before they will open an account, so these come before the bank visit.

Step three, prepare the bank documents

Indonesian banks ask for a consistent set of corporate documents. As of 15 April 2026 these commonly include the notarized deed of establishment with Ministry approval, the corporate NPWP, the NIB, the articles of association, a board resolution authorizing the account, a company domicile reference, the company stamp, and identification for directors and authorized signatories. A foreign director normally needs a valid KITAS permit. Ask your chosen bank for its exact checklist, since requirements vary by bank and branch.

Step four, open the account

With documents ready, you open the corporate account at a local bank such as BCA, Mandiri, BNI, or OCBC. As of 15 April 2026, reporting indicates the bank account step itself commonly takes about one to four weeks depending on document readiness and the bank verification process. If you also need to hold or convert foreign currency, an international account such as Airwallex can onboard the registered entity online alongside the local account. Confirm current timing and terms with each provider.

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Questions about opening a business account in Indonesia

What do you need to open a business account in Indonesia?

A registered company and its core documents. As of 15 April 2026, most Indonesian banks ask for the deed of establishment approved by the Ministry of Law and Human Rights, the corporate NPWP tax number, the NIB business identification number, articles of association, a board resolution, and identification for directors and signatories, with a KITAS for a foreign director. Confirm the exact checklist with the bank.

Do you need a company before opening the account?

Yes. A corporate account requires a registered entity such as a PT or PT PMA. As of 15 April 2026, you register the company through the OSS-RBA system, which issues the NIB, the corporate NPWP, and BPJS registration, and only then open the bank account. Confirm the current process with a local adviser.

Can a foreigner open a business account in Indonesia?

Yes, through a registered company. A foreign owned business registers as a PT PMA, which under BKPM Regulation 5/2025 has a minimum paid up capital of IDR 2.5 billion, and a foreign director normally needs a KITAS permit before a bank opens the account. As of 15 April 2026, confirm capital and permit rules with a local adviser.

How long does it take to open a business account in Indonesia?

Once the company and its documents are ready, reporting indicates the bank account itself commonly takes about one to four weeks depending on document readiness and the bank verification process. Company registration before that is a separate timeline. As of 15 April 2026, confirm current timing with the bank.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 15 April 2026. Confirm current terms with the provider before applying.