Financial Licensing · Indonesia

Indonesia OJK Financial Services Licence

Indonesia's OJK (Otoritas Jasa Keuangan) regulates banks, securities companies, insurance, and fintech businesses in Southeast Asia's largest financial market — with over 190 million digitally-connected consumers.

IndonesiaOJKFinancial ServicesSecuritiesFintechBankingInsurance

Overview

OJK — Indonesia's Integrated Financial Regulator

The Otoritas Jasa Keuangan (OJK) is Indonesia's integrated financial services regulator — supervising banking, capital markets, insurance, pension funds, and financial technology under a single regulatory authority since 2013. Fintech businesses operating in Indonesia — payment systems (Bank Indonesia), peer-to-peer lending (OJK), equity crowdfunding (OJK), and crypto exchanges (CoFTRA/Bappebti) — each face separate regulatory frameworks.

Marensa Advisory advises on OJK licensing strategy for foreign financial services businesses entering Indonesia — mapping regulatory requirements, identifying local partnership requirements, and coordinating the licence application process through licensed Indonesian counsel.

Discuss OJK Licensing Strategy

What We Cover

OJK licence type determination: securities, insurance, P2P, crowdfunding
PT PMA formation as regulatory entity (see indonesia-pt-pma.html)
Local partner assessment: OJK foreign ownership limits
OJK fit and proper assessment for directors and commissioners
OJK application: business plan, capital, compliance programme
Bank Indonesia fintech sandbox / payment system licence (if applicable)
Bappebti/CoFTRA crypto asset licence (crypto exchanges)
AML/CFT programme: PPATK (Indonesian FIU) standards
OJK Supervisory reporting and annual compliance

Key Considerations

Indonesia Financial Regulation — Key Frameworks

Indonesia's financial regulation is divided across multiple regulators depending on the financial service type.

OJK Capital Market (Securities)

Securities companies (broker-dealers, investment managers, underwriters) are licensed by OJK under the Capital Market Law. Foreign ownership in Indonesian securities companies is restricted to a maximum of 85% under standard rules.

OJK Insurance

Insurance companies are licensed by OJK — with foreign ownership restrictions and Indonesian partner requirements. Islamic insurance (takaful) is regulated separately within the OJK framework.

P2P Lending (OJK)

Peer-to-peer lending platforms require OJK registration and licensing under OJK Regulation No. 10/2022. P2P lending platforms must maintain data localisation in Indonesia, meet capital requirements, and implement OJK's consumer protection standards.

Equity Crowdfunding (OJK)

Equity crowdfunding platforms require OJK registration — allowing SMEs to raise capital from a broad investor base. OJK Regulation No. 16/2021 governs this framework.

Bank Indonesia (BI) — Payment Systems

Bank Indonesia regulates payment systems — including payment gateway operators, e-money issuers, and fund transfer businesses. BI is separate from OJK and applies its own licensing framework for payment institutions.

Bappebti/CoFTRA — Crypto

Crypto asset exchanges are regulated by Bappebti (Commodity Futures Trading Supervisory Agency, now CoFTRA) under Indonesia's commodity futures framework. Crypto exchanges must be registered with Bappebti and comply with Indonesia's crypto asset regulatory requirements.

Our Process

How We Work

Regulatory Mapping

We map your business model across Indonesian financial regulators — OJK, Bank Indonesia, and Bappebti/CoFTRA — identifying all applicable licence requirements.

PT PMA Formation

We coordinate PT PMA formation (the required local entity) for the OJK application.

OJK Application

We prepare the OJK licence application and coordinate with licensed Indonesian counsel for filing.

Partnership Advisory

For sectors with foreign ownership restrictions, we advise on local partner selection and shareholder agreement structuring.

Post-Licence Compliance

We assist with OJK supervisory reporting, AML/CFT programme, and ongoing regulatory engagement.

Why Marensa

OJK Licence. Indonesia Market Access.

Indonesia's financial services market — 190 million digitally-connected consumers, rapidly growing middle class, and significant fintech penetration — represents a major opportunity for foreign financial services businesses willing to navigate its regulatory complexity.

Marensa Advisory coordinates OJK licensing through experienced Indonesian counsel — providing strategic guidance and regulatory mapping while local counsel manages the formal application process.

Start the Conversation

190M+

Digital Consumers

OJK

Integrated Regulator

P2P

Fastest Growing

3rd

Largest FinTech Market

FAQ

Common Questions

Does OJK licence a foreign fintech company directly? +

No. OJK licences Indonesian legal entities (PT companies). A foreign fintech must first establish a PT PMA (see indonesia-pt-pma.html) and then apply for the relevant OJK licence through that Indonesian entity.

Is a local Indonesian partner required for an OJK-licensed securities company? +

Indonesian securities companies may have foreign ownership up to 85% under standard OJK rules — meaning at least 15% must be held by Indonesian investors. The structure and identity of the local partner must be acceptable to OJK.

How does crypto regulation work in Indonesia? +

Crypto assets in Indonesia are classified as commodities (not securities or financial instruments) — regulated by Bappebti/CoFTRA rather than OJK. Crypto exchanges must register with Bappebti, meet capital and technical requirements, and comply with Bappebti's specific crypto asset regulations.

What is Indonesia's fintech sandbox? +

OJK operates a Regulatory Sandbox for innovative financial technology businesses — allowing them to test products and services under a supervised environment before full licensing. The sandbox provides an early-stage regulatory pathway for businesses that do not fit existing licence categories.