The cooperative savings and loan business licensing process is now easier and more efficient with the implementation of the Online Single Submission (OSS) or an electronically integrated business licensing service managed by the Ministry of Investment.
KBLI Cooperative
Until now, there are 7 standard classifications of Indonesian business fields that can be accessed by the OSS system by all cooperatives and communities who want to obtain a savings and loan business license, namely:
- Code 64141 for Primary Savings and Loan Cooperative (KSP Primer)
- Code 64142 for Primary Cooperative Savings and Loan Unit (USP Primary Cooperative)
- Code 64143 for Secondary Saving and Loan Cooperative (Secondary KSP)
- Code 64144 for Secondary Cooperative Savings and Loan Unit (Secondary Cooperative USP)
- Code 64145 for Primary Sharia Savings and Loan Cooperative (KSPPS Primer)
- Code 64147 for Secondary Sharia Savings and Loan Cooperatives (Secondary KSPPS)
- Code 64148 for Secondary Sharia Savings and Loan and Financing Units (Secondary Cooperative USPPS)
While the registration of cooperative savings and loan business licenses is carried out online, the functions of guidance, supervision, development of Human Resources (HR), production and marketing, business restructuring, and financing are still carried out by the Ministry of Cooperatives and SMEs. In addition to the government’s efforts to encourage the development of quality cooperatives, licensing through OSS is also one of the regulations aimed at providing legal certainty and improving public services. Then, how to apply for a cooperative savings and loan business license through OSS? And what are the requirements that must be met to do so? Check out the information below.
Requirements for obtaining a Cooperative Business License through OSS
Before registering for a cooperative savings and loan business license at OSS, there are several requirements that you must fulfill first. These requirements include:
- License application form
- Work Plan
- Benefit Statement
- Curriculum Vitae of the Management
- Cooperative Administration and Bookkeeping
- List of Board members
- List of goods (assets)
- Proof of capital deposit (Min national scale cooperative 375m)
- Draw the site location plan
- Applicant’s ID card
- Personal TIN
- Deed of business establishment
- Business NPWP
In addition to the various documents above, applicants for cooperative savings and loan business licenses also need to have a Business Identification Number (NIB). NIB is the identity of a business actor consisting of a 13-digit number, and records an electronic signature and is equipped with security. To obtain a NIB for a cooperative, the applicant can register the NIB in OSS by completing personal data such as the name of the cooperative, the NIK of the cooperative, and the NIK of one of the management. Then afterward, the cooperative just makes an input to get the NIB.
How to apply for a cooperative license through OSS
After completing the required documents above, then you can take care of the savings and loan business license for cooperatives through OSS. Broadly speaking, the OSS online data flow for cooperatives is carried out by the following process: First, input in the Online Data System (ODS) in the Ministry of Cooperatives and SMEs which is integrated into the legal entity system of the Legal Entity Administration System (SABH) at the Ministry of Law and Human Rights, then into the OSS of the Ministry of Investment. After integrated online data, SABH and OSS enter the system to process cooperative registration and cooperative business licenses. For cooperatives that already have a NIB, they can take care of the licensing process through the OSS system with the following steps:
- Cooperatives login to the OSS system by visiting the page www.oss.go.id
- After successfully logging in, the applicant can complete the required personal data and documents.
- The cooperative makes a compliance commitment by submitting a letter of request to the Deputy of Cooperatives and PTSP of the Ministry of Cooperatives and SMEs, 1st floor.
- Cooperative awaits approval or rejection within a maximum period of 3 working days
- Cooperative obtains issuance of savings and loan business license
This is an explanation of the cooperative savings and loan business license through OSS, from the requirements needed, the data flow, to how to take care of the licensing. Considering that cooperatives are bodies that act as capital to run businesses, fulfill aspirations and common needs in the economic, social and cultural fields, it is very important that an official license is needed for cooperatives that can provide legal protection.
KH Contact
For those of you who currently want to take care of a savings and loan cooperative business license, you can immediately contact Kontrak Hukum. Through the service that you access on the page https://kontrakhukum.com/pendirian-badan/#lainnya, Kontrak Hukum can help you take care of the licensing and legality of the savings and loan cooperative establishment permit easily. Immediately contact Kontrak Hukum through the following link Ask KH and send a Direct Message (DM) to Instagram social media @kontrakhukum. Kontrak Hukum is ready to help and offer the best solution.
