ENTERTAINMENT AND OTHER RECREATION ACTIVITIES YTDL
This group includes entertainment and recreational activities not covered in 93291 to 93293, such as ski hill operations, rental of recreational and entertainment equipment that are an integral part of recreational facilities, fair operations and natural recreational performances, and entertainment and recreation activities. other. Including the activities of producers or direct performance entrepreneurs other than sports or art performances, with or without facilities.
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Key requirements to set up a entertainment and other recreation activities ytdl in Indonesia
The following requirements are based on the Indonesian business classification code 93299
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 93299?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
93299 stands for entertainment and other recreation activities ytdl
|Section||Arts, entertainment and recreation|
|Division||Other amusement and recreation activities|
|Group||Sports activities and amusement and recreation activities|
|Indonesian class||Entertainment and other recreation activities ytdl|
Activities similar to Entertainment and other recreation activities ytdl
What are the requirements to set up a entertainment and other recreation activities ytdl in Indonesia?
- At least two shareholders
- Maximum of 100% of the shares can be held by foreign shareholders.
- 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.
- 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|
The process of registering entertainment and other recreation activities ytdl company in Indonesia
The exact process of registering a entertainment and other recreation activities ytdl 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.