FIELD ENGINEERING SHOES INDUSTRY OR INDUSTRIAL NEEDS
This group includes shoe-making businesses including the manufacture of parts of shoes for industrial or field engineering purposes from leather, artificial leather, rubber and plastics, such as chemical resistant shoes, heat resistant shoes, safety shoes
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Key requirements to set up a field engineering shoes industry or industrial needs in Indonesia
The following requirements are based on the Indonesian business classification code 15203
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 15203?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
15203 stands for field engineering shoes industry or industrial needs
|Section||Manufacture of footwear|
|Division||Manufacture of leather and related products|
|Indonesian class||Field engineering shoes industry or industrial needs|
Activities similar to Field engineering shoes industry or industrial needs
- Installation of industrial machinery and equipment
- Aircraft reparation
- Other repair transportation equipment, not motor vehicles
- Repair of other equipment
- Other electrical equipment reparation
- Repair of ships, boats and floating buildings
- Reparasi lokomotif dan gerbong kereta
- Electric motor reparations, generators and transformers
- Reparasi baterai dan akumulator listrik
- Photographic and optical equipment reparation
- Machine repair for specific purposes
- Repair measures, test tools and navigation and controller equipment
What are the requirements to set up a field engineering shoes industry or industrial needs 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 field engineering shoes industry or industrial needs company in Indonesia
The exact process of registering a field engineering shoes industry or industrial needs 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.