Can foreigners operate a pembiayaan mikro syariah nonperbankan business in Indonesia?

Yes. KBLI 64194 (Pembiayaan Mikro Syariah Nonperbankan) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 64194?

KBLI 64194 has a Tinggi risk classification. Required license: NIB dan Izin. Processing time: 3 Hari.

KBLI 64194 is the Indonesian business classification code for "Pembiayaan Mikro Syariah Nonperbankan" (Pembiayaan Mikro Syariah Nonperbankan). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025), effective June 18, 2026.

How did KBLI 64194 change from KBLI 2020 to 2025?

KBLI 64194 was mapped from previous codes 64144, 64146, 64147, 64145, 64148 (KBLI 2020). Cleaned: removed invalid ['64194'] All businesses must migrate to KBLI 2025 by June 18, 2026 per BPS Regulation 7/2025.

Breadcrumb

KBLI 64194★ Gold-Tier Intel

Pembiayaan Mikro Syariah Nonperbankan

🏦 Section K — Financial & Insurance Activities

✅Open· 100% ForeignHigh RiskAggregated

Bank Perkreditan Rakyat (BPR) — Indonesia's rural/community bank providing basic banking services (savings, deposits, and credit) to local communities, SMEs, and individuals in their licensed geographic area. BPR cannot offer giro (checking accounts), cannot participate in national clearing, and cannot conduct international/foreign currency transactions — these are reserved for Umum banks. This is microfinance banking, not commercial banking. **TERBATAS (limited) foreign ownership: maximum 40% foreign shareholding.** Indonesian investors must hold at least 60%. OJK issues the BPR license — this is a full bank license process, not a standard OSS procedure.

Licensing & Requirements

What You Need

Risk LevelHigh (Tinggi)

License TypeNIB dan Izin

Processing3 Hari

Foreign Ownership100% Open

AuthorityBKPM / OSS

PP28/2025 Licensing Data4 scales

Business scale:

Mikro, Kecil, Menengah, BesarHigh RiskNIB dan Izin⏱ 3 HariFiktif Positif

Requirements (Indonesian)9

1Bukti setoran modal tetap pada bank syariah

2Memiliki rencana kerja

3Riwayat hidup pengurus dan pengawas dengan melampirkan surat pernyataan bermaterai

4Surat lulus uji kelayakan dan kepatutan pengurus dan pengawas

5Surat pernyataan kepatuhan atas ketentuan peraturan perundang-undangan usaha simpan pinjam

6Surat pernyataan penerima manfaat (Beneficial Owner)

7Mempunyai peraturan tentang prinsip mengenali pengguna jasa

8Sertifikasi kompetensi di bidang keuangan koperasi bagi pengelola dan

9Bukti kepemilikan dan/atau sewa kantor, papan nama koperasi, dan sarana kerja

Post-License Obligations5

Menyusun dan menerapkan Standar Operasional Manajemen (SOM)

→ Submit documentation of standard implementation compliance

Mengelola unit simpan pinjam sebagai unit usaha otonom dengan pembukuan terpisah

Melaksanakan ketentuan penyelenggaraan usaha simpan pinjam sesuai ketentuan peraturan perundang-undangan dan penerapan prinsip kehati-hatian

Menyampaikan laporan keuangan dan kegiatan usaha kepada pemerintah

Dalam hal melaksanakan aktifitas Koperasi Jasa Keuangan (KJK) wajib memiliki izin operasional yang diterbitkan Lembaga otoritas keuangan

Modal minimum by geographic category (per OJK POJK 5/2015 and updates)

PHASE 1 — OSS / NIB

PHASE 2 — OJK BPR License (12–24 months)

Principle Approval (Izin Prinsip)— initial OJK application showing founding shareholders, business plan, location; OJK evaluates feasibility (~3–6 months)

Establishment (Pendirian)— incorporate PT after Izin Prinsip; all shareholders must pass OJK fit & proper test

Capital injection— fully paid up in escrow; evidence submitted to OJK

Physical premises— OJK inspects the proposed office location; BPR cannot operate from virtual office

Core Banking System— OJK evaluates IT infrastructure; CBS must meet OJK POJK 75/2016 standards

Director/Commissioner Fit & Proper— OJK personally vets each director and commissioner

Izin Usaha OJK— issued after all stages clear; only then can BPR open to the public

OJK ongoing supervision— monthly financial reporting; annual audit by OJK-accredited auditor; Capital Adequacy Ratio (CAR) minimum 12%; NPL must not exceed 5%

Geographic operational limit

BPRS (Syariah) variant

Typical full timeline

2020 → 2025

Direct match from KBLI 2020 (MATCH_LANGSUNG). BPR was significantly restructured by **UU 4/2023 (P2SK Law)** which renamed BPR to 'Bank Perekonomian Rakyat' (keeping the same BPR acronym) and expanded the BPR product scope slightly. Key change: BPRs may now offer additional savings products and certain remittance services. The 40% foreign ownership cap is unchanged. OJK transferred BPR supervision fully from BI to OJK, which was completed in 2023.

Bali Intelligence

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi

45 in category

1211Bank DirectorDirektur Bank

2413Credit OfficerPejabat Kredit

2412Compliance OfficerPejabat Kepatuhan

2413Risk ManagerManajer Risiko

1211Finance ManagerManajer Keuangan

2411Internal AuditorAuditor Internal

Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test is mandatory for all directors and commissioners of BPR.

KEDUA Provision — Directors & Commissioners Exemption

Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.

Complementary Codes

Related Codes

64110Section K