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

Register a company in Indonesia

Fill in the form below and have a company registered in Indonesia in five working days.

Contact our consultants

Key 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

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.

Let's register your company in Indonesia

Get in touch with Emerhub by filling in the form below and our consultants will reach out to you within a few working hours.