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Hong Kong KBLI 50214
PUBLIC CROSSINGS BETWEEN PROVINCES
This group includes the business of transporting passengers from one province to another by using a ferry tied to the route
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Contact our consultantsKey requirements to set up a public crossings between provinces in Indonesia
The following requirements are based on the Indonesian business classification code 50214
- Maximum foreign ownership
- 49%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 50214?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
50
Division
2
Group
1
Class
4
Indonesian class
50214 stands for public crossings between provinces
| KBLI | 50214 |
|---|---|
| Section | Inland water transport |
| Division | Transportation and storage |
| Group | Water transport |
| Indonesian class | Public crossings between provinces |
Activities similar to Public crossings between provinces
- Public crossing transportations of district or city for goods
- Public crossing transport in district or city for goods
- Other crossing transport for goods including international trainings
- Public crossing interprovince for goods
- Public crossings interprovince for goods
- Public crossing transportations of district or city for goods
- River and lake transportation for general goods and or or animals
- River and lake transportation for special goods
- River and lake transportation for dangerous goods
- Angkutan penyeberangan lainnya untuk penumpang termasuk penyeberangan antarnegara
- Public crossing within the regency or city
- Inter-recency or inter-municipality transportation
What are the requirements to set up a public crossings between provinces in Indonesia?
Shareholders
- At least two shareholders
- Maximum of 49% of the shares can be held by foreign shareholders. Indonesian shareholders must hold at least 51% of the shares.
Capital
- 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.
Corporate structure
- 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 | 3675 | Rp918750000 | |
| John Smith | Australia | Commissioner | 1225 | Rp306250000 |
| Budianto | Indonesia | Director | 5100 | Rp 1.275.000.000,00 |
| 10000 | Rp 2.500.000.000,00 | |||
The process of registering public crossings between provinces company in Indonesia
The exact process of registering a public crossings between provinces company depends on the location of your company's registered address.