MAJOR TRADING OF OTHER TEXTILE GOODS
This group includes large trading businesses of the textile industry, such as ropes, carpets or rugs from textile materials, sacks, various kinds of knitwear and other finished goods from textiles other than jad clothes.
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Key requirements to set up a major trading of other textile goods in Indonesia
The following requirements are based on the Indonesian business classification code 46414
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 46414?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
46414 stands for major trading of other textile goods
|Section||Wholesale and retail trade; repair of motor vehicles and motorcycles|
|Division||Wholesale of household goods|
|Group||Wholesale trade, except of motor vehicles and motorcycles|
|Indonesian class||Major trading of other textile goods|
Activities similar to Major trading of other textile goods
- Major trading of other products ytdl
- Non-specialized wholesale trade
- Great trading of paper and carton
- Great trade of paper and carton goods
- Perdagangan besar barang bekas dan sisa-sisa tak terpakai (scrap)
- Major trading of laboratory, pharmaceutical and medicine equipment
- Great trading of rubber and plastics in basic form
- Major trading of basic chemical materials and goods
- Major trading of fertilizer and agrochemical products
- Major trade paint
- Trading a great variety of building materials
- Perdagangan besar bahan konstruksi lainnya
What are the requirements to set up a major trading of other textile goods 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 major trading of other textile goods company in Indonesia
The exact process of registering a major trading of other textile goods 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.