KBLI 10423
COCONUT COOKING OIL INDUSTRY
This group includes further processing (purification, bleaching and removal of undesirable odors) from coconut crude oil to coconut cooking oil.
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Contact our consultantsKey requirements to set up a coconut cooking oil industry in Indonesia
The following requirements are based on the Indonesian business classification code 10423
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 10423?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
10
Division
4
Group
2
Class
3
Indonesian class
10423 stands for coconut cooking oil industry
KBLI | 10423 |
---|---|
Section | Manufacture of food products |
Division | Manufacture of vegetable and animal oils and fats |
Group | Manufacturing |
Indonesian class | Coconut cooking oil industry |
Activities similar to Coconut cooking oil industry
- Installation of industrial machinery and equipment
- Aircraft reparation
- Other repair transportation equipment, not motor vehicles
- Repair of other equipment
- Repair of ships, boats and floating buildings
- Reparasi lokomotif dan gerbong kereta
- Other electrical equipment reparation
- Photographic and optical equipment reparation
- Electric motor reparations, generators and transformers
- Reparasi baterai dan akumulator listrik
- Machine repair for specific purposes
- Repair measures, test tools and navigation and controller equipment
What are the requirements to set up a coconut cooking oil industry 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 coconut cooking oil industry company in Indonesia
The exact process of registering a coconut cooking oil industry 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.