64148Secondary Islamic Savings and Loan and Financing Cooperative Units (USPPS Koperasi Sekunder)
Unit Savings and Loans and Sharia Financing of Secondary Cooperatives (USPPS Secondary Cooperatives)
Last updated · Sourced from OSS Indonesia
This group includes secondary cooperative business units engaged in savings and loan activities and sharia financing, including managing zakat, infak, sedekah, and wakaf (maal). USPPS Secondary Cooperatives are formed by secondary cooperatives and consist of cooperatives that carry out savings and loan activities and sharia financing.
Key facts for KBLI 64148
The essentials a foreign investor needs to know before reading the rest of this page.
100% foreign ownership permitted via PT PMA. KBLI 64148 is not on Indonesia's closed, conditional, SME-reserved or partnership-required schedules under Pres. Reg. 10/2021.
Default minimum paid-up capital: IDR 2.5 billion (~USD 160K) under BKPM Reg. 5/2025 (effective Oct 2025) — applies unless a sector regulator sets a higher figure for this activity. The often-cited IDR 10 billion is the total investment commitment per KBLI realised over time via quarterly LKPM reports, not required upfront.
High-risk activity — requires NIB + full Operating License (Izin) to operate commercially. NIB alone enables only the preparation stage; an Operating License must be obtained before invoicing or production starts.
Statutory licensing turnaround: 3 days once we submit the application — on top of the 2–3 weeks for PT PMA incorporation. We coordinate the full sequence end-to-end.
Issuing authority for PMA: Menteri/Kepala Badan — specific to foreign-owned entities under this KBLI.
OJK authorization required: in addition to OSS NIB. Capital requirements set by OJK are typically much higher than the standard PT PMA minimum.
Ongoing reporting: quarterly LKPM (Investment Activity Report) to BKPM plus 4 sector-specific obligations. We file these on your behalf as part of monthly compliance — you stay out of the OSS portal entirely.
- Risk level
- HighNIB + full Operating License
- Primary license
- NIB + full Operating License (Izin)NIB enables preparation only — additional permit needed to operate
- Setup timeline
- 3 DaysStatutory turnaround at OSS
- Issuing authority
- Minister / Agency HeadFor foreign-owned (PMA) entities
- Min. paid-up capital
- IDR 2.5 BBKPM default paid-up — sector rules may set a higher figure
Foreign investment rules
Indonesia's BUPM (Investment Business Fields) regulation places this code into one of five tracks. The track determines whether a foreign investor (PMA) can operate in this activity at all, and under what conditions.
Fully open to foreign investment
KBLI 64148 is not on Indonesia's closed, conditional, SME-reserved or partnership-required schedules. A foreign investor may incorporate a PT PMA with up to 100% foreign ownership and operate in this activity directly.
How we handle your KBLI 64148 setup
Emerhub is a corporate-services provider in Indonesia. We do the legal and regulatory legwork for foreign investors so you can focus on the business itself. Here's what the engagement looks like.
- 1
Confirm the optimal structure for your business
2–3 business daysWe confirm KBLI 64148 is the right primary code for your business, advise on secondary codes you may also need, and finalize the holding structure with you before any filing.
What we need from you- Founders' passport copies and proof of residence
- Intended share split and board composition
- 2
Incorporate your PT PMA
7–10 business daysWe draft the Articles of Association before a notary, register the entity with the Ministry of Law & Human Rights (Kemenkumham), and obtain the company's tax ID (NPWP). Under BKPM Reg. 5/2025, paid-up capital is IDR 2.5 billion (~USD 160K) — the cash actually deposited at incorporation. The IDR 10 billion+ figure many sources still cite is the total investment commitment per KBLI, realised over time via your LKPM reports.
What we need from you- Powers of attorney (we prepare; you sign and notarize)
- Director / commissioner appointment letters
- Initial capital deposit confirmation
- 3
We obtain your NIB
1–2 business daysWe file the OSS application with KBLI 64148 as your primary business activity, complete the risk-based assessment, and collect the NIB (Business Identification Number) for you — typically within hours of submission. You don't need to touch the OSS portal.
What we need from you- Office address (virtual office acceptable for many KBLIs; we can arrange one)
- 4
Secure your full Operating License (Izin)
3+ business daysNIB is issued for the preparation stage. Commercial operation requires a full Operating License (Izin) issued by the competent ministry after a substantive review of the operator's capability, facility, and compliance. Operating with NIB alone exposes the entity to penalties, blacklisting, and contract invalidation. We prepare the application bundle, liaise with the competent ministry, and chase issuance through to the certificate. Statutory turnaround: 3 business days — real-world timing typically runs longer when site inspections or additional clarifications are requested.
What we need from you- Technical documentation specific to your operation
- Appointment of a Penanggung Jawab Teknis (PJT — technical responsible person)
- 5
Hand-off to ongoing compliance
OngoingPost-launch we run your monthly tax filings, quarterly LKPM (Investment Activity Reports), annual general meeting (RUPS), and any sector-specific reporting. You get a single point of contact and a monthly compliance digest — no Indonesian-language paperwork on your desk.
What is KBLI 64148?
A plain-English explanation of this classification and the businesses it covers.
KBLI 64148 (Unit Savings and Loans and Sharia Financing of Secondary Cooperatives (USPPS Secondary Cooperatives)) is the 5-digit Indonesian Standard Industrial Classification code for secondary islamic savings and loan and financing cooperative units (uspps koperasi sekunder). It sits within Financial and Insurance Activities under the subgroup Cooperative Savings and Loan/Unit Savings and Loan ( major group 64 ) in the official KBLI 2020 taxonomy maintained by Statistics Indonesia (BPS).
Who needs KBLI 64148?
Any Indonesian or foreign-owned entity that intends to operate in secondary islamic savings and loan and financing cooperative units (uspps koperasi sekunder) as a primary or secondary business activity must select this code on its NIB (Business Identification Number). The selected code determines the licensing instruments required, the issuing authority, and the ongoing compliance obligations.
Why does the code matter?
Indonesia's OSS Risk-Based Approach uses the KBLI code to determine three things: (1) whether foreign investment is permitted and at what cap, (2) the risk-based licensing instruments required, and (3) the authority that issues each instrument. Choosing the wrong code can delay or invalidate your license.
Financial services-specific guidance
Sector context that applies to KBLI 64148 beyond the generic OSS process. Verify with the relevant ministry before committing capital.
- ·Banking, multi-finance, and securities activities require OJK authorization in addition to OSS NIB.
- ·Foreign equity caps vary by sub-sector: 99% for commercial banks (subject to OJK approval), 85% for multi-finance, 99% for securities.
- ·Capital requirements for banks/finance companies are set by OJK and are substantially higher than the standard PT PMA minimum.
Under the upcoming KBLI 2025
Indonesia's BPS published the new KBLI 2025 taxonomy in early 2025. OSS, BKPM and the operating ministries have not yet adopted it — KBLI 2020 remains the active standard for business registration. This is what's coming for this specific code.
Reorganised in KBLI 2025
KBLI 64148 does not carry the same number forward into KBLI 2025 — the activity has been reclassified, but the precise mapping isn't recorded in our database yet.
- ·For current operations, KBLI 64148 remains valid — OSS still uses KBLI 2020 for all business registrations.
- ·The KBLI 2025 successor codes are listed in the official BPS transition document below; check for the activity-specific mapping when planning future structures.
- ·Once OSS announces the KBLI 2025 cutover, existing entities will need to update their primary KBLI to the relevant successor — typically straightforward.
When OSS adopts KBLI 2025, we'll migrate your existing entity to the appropriate successor code as part of ongoing compliance — no action needed on your end now.
Talk to a specialistRisk level by business scale
Indonesia's OSS Risk-Based Approach assigns a separate risk level for each of the four business scales. The licensing instruments required (NIB, Standard Certificate, Operating License) are determined by the risk level. Foreign-owned entities (PT PMA) must register at the Large scale, so the rightmost column applies to most foreign investors.
Micro
Small
Medium
Large
PMA scaleWhat does each risk level require to operate? ›
Licensing requirements in detail
Specific permits, application requirements and ongoing obligations vary by business scale and the sub-activity within this KBLI. We file these on your behalf — this section is for transparency on what we'll be handling. Switch between scales below; by default we show Large (the PMA scale).
Usaha USPPS Koperasi Sekunder
Application requirements
9Documents and capabilities you must demonstrate at registration
- 01Proof of fixed capital deposit at a sharia bank
- 02Have a work plan
- 03Resume of management and supervisory personnel accompanied by a notarized statement.
- 04Letter of approval for the feasibility and suitability test of management and supervisors
- 05Surat pernyataan kepatuhan atas ketentuan peraturan perundang- undangan usaha simpan pinjam
- 06Surat pernyataan penerima manfaat (Beneficial Owner)
- 07Having regulations on the principles of recognizing service users.
- 08Certification of competence in the field of cooperative finance for managers and
- 09Proof of ownership and/or office lease, cooperative signboard, and work facilities
Ongoing obligations
5Compliance and reporting duties throughout operation
- 01Prepare and implement Management Operational Standards (SOM)
- 02Manage a savings and loan unit as an autonomous business unit with separate accounting.
- 03Melaksanakan ketentuan penyelenggaraan usaha simpan pinjam sesuai ketentuan peraturan perundang undangan dan penerapan prinsip kehati hatian
- 04Submit financial reports and business activities to the government.
- 05Dalam hal melaksanakan aktifitas Koperasi Jasa Keuangan (KJK) wajib memiliki izin operasional yang diterbitkan Lembaga otoritas keuangan
Issuing authority
The authority that issues the license depends on your situation. Foreign investors typically fall under Minister/Head of Agency · PMA.
| Authority | Applies when |
|---|---|
| Regent/Mayor | Wilayah keanggotaan kabupaten/ kota |
| Menteri/Kepala Badan | Wilayah keanggotaan lintas provinsi |
| Menteri/Kepala Badan | PMA |
| Governor | Wilayah keanggotaan lintas kabupaten/ kota |
