EYE GLASS INDUSTRY
This group includes businesses in the manufacture of various ophthalmic items and glasses and frames, such as vision aids glasses, sunglasses and safety googles (glasses for dust protection, swimming, diving, welding). . Including the manufacture of lenses for glasses and contact lenses.
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Key requirements to set up a eye glass industry in Indonesia
The following requirements are based on the Indonesian business classification code 32503
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 32503?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
32503 stands for eye glass industry
|Section||Manufacture of medical and dental instruments and supplies|
|Indonesian class||Eye glass industry|
Activities similar to Eye glass industry
- Other processing industries ytdl
- Coconut fiber industry
- Crafts industry ytdl
- Equipment industry for safety protectors
- Manufacture of medical and dental equipment and other equipment
- Manufacture of writing and image tools including accessories
- Writing or image banding machine manufacture
- Industri furnitur untuk operasi, perawatan kedokteran dan kedokteran gigi
- Manufacture of medical and dental equipment, orthopaedic and prosthetic equipment
- Eye glass industry
- Game equipment industry
- Kids toy industry
What are the requirements to set up a eye glass industry 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 eye glass industry company in Indonesia
The exact process of registering a eye glass 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.