Business accounts: Indonesia

Updated 7 October 2026

An honest assessment before work starts, the quote is fixed in writing.

Deposits in Indonesian banks are guaranteed by the state Deposit Insurance Corporation: up to IDR 2 billion per customer in each bank, about $111,500 at the rate of 5 October 2026, rounded up ($1 = IDR 17,941). Balances of all a customer's accounts at one bank are added together, and the guarantee covers principal plus accrued interest, according to the Corporation. A business account is usually opened for a company registered in Indonesia, including a foreign-owned company.

Company tax in Indonesia

Indonesian corporate income tax is 22%. The VAT rate has been 12% since 2025, but for most non-luxury goods and services the tax is charged on a base of 11/12 of the transaction value, so the effective rate is 11%. The bank will check that the company is registered for tax and keeps accounts, so we complete tax registration before opening the account.

Capital of a foreign-owned company

Since 2025 the minimum paid-up capital of a foreign-owned company has been reduced to IDR 2.5 billion, about $139,400, and the investment plan must exceed IDR 10 billion, about $557,400, excluding land and buildings. The bank opens the account once the company has its business identification number in the government licensing system, its tax number and the Ministry of Law approval; the paid-up capital is deposited into this account and cannot be transferred out for at least 12 months, except to buy assets, build or cover operating costs.

What the bank will check

• the company's registration and registry extract, the list of directors and owners;
• passports and proof of address of directors and beneficial owners;
• what the company does and how the business is linked to the country;
• expected volumes, currencies and payment countries;
• source of funds documents for the owners.

How opening works

1. Profile review and choosing a bank in Indonesia.
2. The document file and business description tailored to the bank.
3. The bank's review, often with a video call or a director's visit.
4. Account opening and online banking setup.

What we do

Murblz specialists assess the chances before applying, choose a bank in Indonesia, prepare the documents and handle the correspondence with the bank until it decides. The quote is fixed in writing; the decision to open the account is always the bank's.

Who gets refused

A bank will refuse if the source of funds cannot be documented, if the client or their money is linked to sanctions restrictions, or if the purpose of the account does not match the expected payments. We check whether a case involving Russian citizens can proceed before any documents are prepared.

What we do

• Corporate account - opening assistance

See also

Company formation · Personal account · Investment property · Country taxes · All country programs

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