FREEDOM AGRICULTURE AND OTHER ANNUAL PLANTS
This group includes plantation businesses ranging from land cultivation, seeding, nursery, planting, maintenance and harvesting of spruce, jatropha and other annual crops. Including activities of seedling and seeding of spruce and other annual plants
Register a company in Indonesia
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Key requirements to set up a freedom agriculture and other annual plants in Indonesia
The following requirements are based on the Indonesian business classification code 01299
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 01299?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
01299 stands for freedom agriculture and other annual plants
|Section||Agriculture, forestry and fishing|
|Division||Crop and animal production, hunting and related service activities|
|Group||Growing of perennial crops|
|Indonesian class||Freedom agriculture and other annual plants|
Activities similar to Freedom agriculture and other annual plants
- Freedom agriculture and other annual plants
- Plant agriculture of spraves, aromatic or refresh, narcotics and other medicines
- Rubber plantations and other gum producing plants
- Aromatic plantation or fresh
- Agriculture of medicinal plant or biofarmaka rimpang
- Agriculture of drug or biofarmaka non rimpang
- Clove plantation
- Pepper plantation
- Chili agriculture
- Oleaginous fruit plantations
- Growing of beverage crops
- Fruit farming more
What are the requirements to set up a freedom agriculture and other annual plants 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 freedom agriculture and other annual plants company in Indonesia
The exact process of registering a freedom agriculture and other annual plants 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.