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Hong Kong KBLI 77295
BUSINESS RENTAL AND RENTAL ACTIVITIES WITHOUT THE RIGHT TO OPTION OF MUSICAL INSTRUMENTS
This group includes the activities of leasing and leasing without option rights (operational leasing) of musical equipment, such as guitars, drums, organs and other musical instruments. Leasing with option rights (financial leasing) is included in the group 64910
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Contact our consultantsKey requirements to set up a business rental and rental activities without the right to option of musical instruments in Indonesia
The following requirements are based on the Indonesian business classification code 77295
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 77295?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
77
Division
2
Group
9
Class
5
Indonesian class
77295 stands for business rental and rental activities without the right to option of musical instruments
| KBLI | 77295 |
|---|---|
| Section | Administrative and support service activities |
| Division | Rental and leasing activities |
| Group | Renting and leasing of personal and household goods |
| Indonesian class | Business rental and rental activities without the right to option of musical instruments |
Activities similar to Business rental and rental activities without the right to option of musical instruments
- Business rental and rental activities without the right to option of musical instruments
- Business rentals and rentals without option rights of household and other personal requirements ytdl
- Rental and business rentals without rights of option of goods and personal needs
- Business rentals and rentals without option rights of processing and publishing goods
- Business rental and rental activities without option rights of flowers and ornamental plants
- Rental and business rentals without rights of recreation and sports equipment option
- Rental activities of video, cd, vcd or dvd and the like
- Aktivitas penyewaan dan sewa guna usaha tanpa hak opsi alat pesta
What are the requirements to set up a business rental and rental activities without the right to option of musical instruments in Indonesia?
Shareholders
- At least two shareholders
- Maximum of 100% of the shares can be held by foreign shareholders.
Capital
- Minimum paid up capital is Rp 2.500.000.000,00
- Paid-up capital will not be injected in the company during the registration process. Instead, the shareholders issue a statement letter that at least the amount of minimum paid-up capital will be injected to the company once the registration is completed.
Corporate structure
- At least one director. At least one of the directors must be an Indonesian resident. The directors are in charge of the daily operations of the company.
- At least one commissioner. Commissioners are overseeing the work of directors on behalf of the shareholders.
- The same person cannot be both a director and a commissioner.
- There is no requirement for the director or commissioner to hold shares in the company.
- Registered address in a building with the correct building permit.
Example of typical shareholder table
| Name | Country of origin | Role | Shares | Capital contribution |
|---|---|---|---|---|
| Smith Industries Ltd. | Australia | 7500 | Rp1875000000 | |
| John Smith | Australia | Commissioner | 2500 | Rp625000000 |
| Budianto | Indonesia | Director | 0 | Rp 0,00 |
| 10000 | Rp 2.500.000.000,00 | |||
The process of registering business rental and rental activities without the right to option of musical instruments company in Indonesia
The exact process of registering a business rental and rental activities without the right to option of musical instruments company depends on the location of your company's registered address.
The fastest way to register a company in Indonesia is in South Jakarta (Jakarta Selatan), using Emerhub's registered address. This cuts down the registration time to five working days.
In Bali, the typical registration time is 3-4 weeks. Elsewhere in Indonesia the registration times vary between 2-6 weeks.