Being the biggest archipelago and largest Muslim population in the world, Indonesia has now position itself as an economy in transition from that of a low income to middle income economy and from a primary producer to a value added exporter as well as knowledge based economy. As Indonesia’s economy is on the rise, it has attracted many foreign investors’ attention on investing their business in Indonesia. That being said, as a foreign investor, you would seek to set up a company here in Indonesia. The whole company incorporation process would require you to open a corporate bank account for your company as well. In this article, you will be provided with the needed information on when should deposit money in the corporate bank account.
Corporate Bank Deposit Requirement
To know what the minimum requirement is and when to deposit money in your company bank account is crucial information for all investors. In Indonesia, each bank has its own requirements for foreigners to open an account. Generally they require the following:
Documents Required for Opening a Corporate Bank Account
- Completed corporate bank account opening forms
- Copy of all company’s documents & bring the original as well to be verified by the bank officer
- Copy of ID card for local director or passport for foreign director
In Indonesia, you would not require to go through a lengthy process to open a corporate bank account. As a matter of fact, it will only take up to a day to open a corporate bank account here in Indonesia. Do ensure however that you would be required to prepare and provide the needed documents as requested by you bank of choice. This would then ensure you a smoother and shorter time to obtain a bank account for your company.
If you do require any assistance in regards to the following matter, our experienced Corporate Specialist here Paul Hype Page would be able to assist you.