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Hong Kong KBLI 03124
CAPTURE OR COLLECTION OF WATER PLANTS IN PUBLIC WATER
This group includes the business or activity of catching or taking all types of aquatic plants, such as algae, water hyacinth, moss, and ornamental plants in public waters such as in lakes, rivers, reservoirs, swamps, and other standing water.
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Contact our consultantsKey requirements to set up a capture or collection of water plants in public water in Indonesia
The following requirements are based on the Indonesian business classification code 03124
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 03124?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
03
Division
1
Group
2
Class
4
Indonesian class
03124 stands for capture or collection of water plants in public water
| KBLI | 03124 |
|---|---|
| Section | Agriculture, forestry and fishing |
| Division | Fishing |
| Group | Fishing and aquaculture |
| Indonesian class | Capture or collection of water plants in public water |
Activities similar to Capture or collection of water plants in public water
- Jasa pasca panen budidaya ikan air payau
- Production services for broken water fish cultivation
- Production services for broken water fish cultivation
- Cultivation of other brawn water biota
- Enlargement of broken water mollusca
- Enlargement of broken water crustacea
- Enlargement of broken water plants
- Post-harvest services fresh water fish cultivation
- Enlargement of pisces or broken water fish
- Broken water fish seedings
- Production services for sea fish cultivation
- Post-harvest services for sea fish cultivation
What are the requirements to set up a capture or collection of water plants in public water 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 capture or collection of water plants in public water company in Indonesia
The exact process of registering a capture or collection of water plants in public water 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.