MANUFACTURE OF CUTTING AND HANDLING TOOLS MANUFACTURE
This group includes the business of making metalworking tools, such as water passes, brackets, pickaxes, chisels, screwdrivers, hammerheads, shavings, saws and saw blades, circular saw blades and chain saws, drill bits and the like. axes and glass cutters. Includes industrial knives and blades for machines or for mechanical equipment, hand tools (pliers, screwdrivers, etc.), non-powered agricultural hand tools, interchangeable tools for hand tools, whether they are not driven by power or machines. tools (such as drills, punches, grinding knives, etc.), pressing tools, blacksmith tools (such as forging tools, anvil forging, etc.), molds and molds (except ingot molds) and seam tools
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Key requirements to set up a manufacture of cutting and handling tools manufacture in Indonesia
The following requirements are based on the Indonesian business classification code 25932
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 25932?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
25932 stands for manufacture of cutting and handling tools manufacture
|Section||Manufacture of fabricated metal products, except machinery and equipment|
|Division||Manufacture of other fabricated metal products; metalworking service activities|
|Indonesian class||Manufacture of cutting and handling tools manufacture|
Activities similar to Manufacture of cutting and handling tools manufacture
- Installation of industrial machinery and equipment
- Aircraft reparation
- Other repair transportation equipment, not motor vehicles
- Repair of other equipment
- Repair of ships, boats and floating buildings
- Reparasi lokomotif dan gerbong kereta
- Other electrical equipment reparation
- Photographic and optical equipment reparation
- Electric motor reparations, generators and transformers
- Reparasi baterai dan akumulator listrik
- Machine repair for specific purposes
- Repair measures, test tools and navigation and controller equipment
What are the requirements to set up a manufacture of cutting and handling tools manufacture 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 manufacture of cutting and handling tools manufacture company in Indonesia
The exact process of registering a manufacture of cutting and handling tools manufacture 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.