Use this guide to help you gather the correct documents and information to complete your Luno Business account application for an Indonesian entity.
When you're ready, use a web browser to upload your documents here. (This is not available on the mobile app).
Legal Entity requirements
(Limited Company, Limited Partnership, Cooperative, Partnership, State-owned Enterprise)
1. Nature of business
What we need: A description of what your business does and how it generates revenue.
2. Deed of establishment
What we need: Deed of the establishment of the company and its amendments.
3. Ministry of Law and Human Rights ratification
What we need: Ratification decision from the Indonesian Ministry of Law and Human Rights (MOLHR).
4. Business licensing
What we need: Risk-based business licensing (Perizinan Berusaha Berbasis Risiko).
5. Business permit
What we need: Business permit issued by relevant authorised agencies, if any.
6. Company profile
What we need: A company profile detailing the business's management information, ownership structure and the following information for all Authorised Officials and natural person(s) with the highest percentage of shareholding:
- Contact number
- Email address
- Average annual income
- Employer's address and telephone number (if any)
7. Taxpayer Identification Number
What we need: Taxpayer Identification Number (NPWP) Card.
8. Bank statements
What we need: Most recent 6 months' bank-issued statements of account clearly showing the business's name, address, and date of issue of the document.
9. Resolution
What we need: A resolution signed by the directors that confirms which individuals have authority to act on behalf of the business and operate the Luno account. These individuals are known as the Authorised Officials.
Detailed requirements:
The resolution must:
- Be signed and dated by all directors;
- State it is a directors' resolution;
- Contain the business's full name and registration number;
- Contain the full name and ID number of all the Authorised Officials;
- Clearly state the specific authority delegated to the Authorised Officials; and
- Contain the provision quoted below
"The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."
10. Proof of identity
What we need: A clear, colour copy of the official government-issued identity document of all Authorised Officials and shareholders with significant control, i.e. the natural person with the highest effective ownership or control of the business.
11. Source of Wealth
What we need: Confirmation of the Source of Wealth of the entity. This refers to the holistic or total assets held by the entity and may include: Property, Shareholder Contributions, Loans, Investments, Retained Earnings/Profits, etc.
Additionally, kindly provide supporting documentation in this regard (e.g. most recent Tax Returns, Annual Financial Statements, etc.).
12. Ultimate Beneficial Owner (UBO)
What we need: A signed and dated letter of assignment confirming the Ultimate Beneficial Owner (UBO) of this Luno Business account. The letter should include the UBO's full name, ID number and tax number.
13. Statement of Document Authenticity
What we need: A completed Statement of Document Authenticity.
Sole Proprietorship requirements
1. Nature of business
What we need: A description of what your business does and how it generates revenue.
2. Business licensing
What we need: Risk-based business licensing (Perizinan Berusaha Berbasis Risiko).
3. Taxpayer Identification Number
What we need: Taxpayer Identification Number (NPWP) Card.
4. Bank statements
What we need: Most recent 3 months' bank-issued statements of account clearly showing the business's name, address, and date of issue of the document.
5. Power of Attorney
What we need: A Power of Attorney letter signed by the sole proprietor that confirms which individuals have authority to act on behalf of the business and operate the Luno account. These individuals are known as the Authorised Officials.
Detailed requirements:
The Power of Attorney must:
- Be signed and dated by the sole proprietor;
- State that it is a Power of Attorney;
- Contain the business's full name and registration number;
- Contain the full name, ID number, phone number, email address, signature, and employer's address and phone number (if any) of all the Authorised Officials;
- Clearly state the specific authority delegated to the Authorised Officials; and
- Contain the provision quoted below
"The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."
6. Proof of identity
What we need: A clear, colour copy of the official government-issued identity document of all Authorised Officials and the Sole Proprietor.
7. Sole Proprietor details
What we need: The following information for the Sole Proprietor:
- Phone number
- Email address
- Source of funds
- Average annual income
8. Source of Wealth
What we need: Confirmation of the Source of Wealth of the entity. This refers to the holistic or total assets held by the entity and may include: Property, Shareholder Contributions, Loans, Investments, Retained Earnings/Profits, etc.
Additionally, kindly provide supporting documentation in this regard (e.g. most recent Tax Returns, Annual Financial Statements, etc.).
9. Statement of Document Authenticity
What we need: A completed Statement of Document Authenticity.
Trust / Legal Arrangement requirements
1. Nature of business
What we need: A description of what the Trust does and how it generates revenue.
2. Deed of establishment
What we need: Deed of the establishment and its amendments and/or Articles of Association and bylaws.
3. Proof of registration
What we need: Proof of registration with the authorised agency.
4. Taxpayer Identification Number
What we need: Taxpayer Identification Number (NPWP) Card.
5. Bank statements
What we need: Most recent 6 months' bank-issued statements of account clearly showing the business's name, address, and date of issue of the document.
6. Financial statements
What we need: The latest financial statements.
7. Resolution
What we need: A resolution signed by the trustees that confirms which individuals have authority to act on behalf of the business and operate the Luno account. These individuals are known as the Authorised Officials.
Detailed requirements:
The resolution must:
- Be signed and dated by all trustees;
- State it is a trustees' resolution;
- Contain the business's full name and registration number;
- Contain the full name, ID number, phone number, email address, signature, and employer's address and phone number (if any) of all the Authorised Officials;
- Clearly state the specific authority delegated to the Authorised Officials; and
- Contain the provision quoted below
"The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."
8. Proof of identity
What we need: A clear, colour copy of the official government-issued identity document of all Authorised Officials, settlor, trustee, manager, protector, beneficiary, and controller.
9. Contact details
What we need: The following information for each settlor, trustee, manager, protector, beneficiary, and controller:
- Phone number
- Email address
- Source of funds
- Average annual income
10. Source of Wealth
What we need: Confirmation of the Source of Wealth of the entity. This refers to the holistic or total assets held by the entity and may include: Property, Shareholder Contributions, Loans, Investments, Retained Earnings/Profits, etc.
Additionally, kindly provide supporting documentation in this regard (e.g. most recent Tax Returns, Annual Financial Statements, etc.).
11. Ultimate Beneficial Owner (UBO)
What we need: A signed and dated letter of assignment confirming the Ultimate Beneficial Owner (UBO) of this Luno Business account. The letter should include the UBO's full name, ID number and tax number.
12. Statement of Document Authenticity
What we need: A completed Statement of Document Authenticity.