OTHER BIOTA WATER BASED INDUSTRIES
This group includes the processing and preservation of other aquatic biota through the process of pulverizing meat or grinding or mixing additives or steaming, such as squid mashed, prawns meatball, shrimp meatball, squid meatball, crab meatball, and shrimp dragon leg.
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Key requirements to set up a other biota water based industries in Indonesia
The following requirements are based on the Indonesian business classification code 10296
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 10296?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
10296 stands for other biota water based industries
|Section||Manufacture of food products|
|Group||Processing and preserving of fish, crustaceans and molluscs|
|Indonesian class||Other biota water based industries|
Activities similar to Other biota water based industries
- Other biota water cooling or testing industry
- Sea grass processing industry
- Other processing and preservation industry for other water biota
- Other biota water protection industry
- Multiple water biota industry or fermentation industry
- Other biota water based industries
- Other biota water salt or drying industry
- Other biota water figure or grilling industry
- Industri pembekuan biota air lainnya
- Other processing and preserving industry for fish
- Manufacture of processing and preserving of fish and water biota (not shrimp) in can
- Industry of processing and preserving of shrimp in can
What are the requirements to set up a other biota water based industries 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 other biota water based industries company in Indonesia
The exact process of registering a other biota water based industries 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.