RETAIL TRADE OF GROUND OIL
This group includes retail trading businesses specialized in kerosene
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Key requirements to set up a retail trade of ground oil in Indonesia
The following requirements are based on the Indonesian business classification code 47771
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 47771?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
47771 stands for retail trade of ground oil
|Section||Retail sale of other goods in specialized stores|
|Division||Retail trade, except of motor vehicles and motorcycles|
|Group||Wholesale and retail trade; repair of motor vehicles and motorcycles|
|Indonesian class||Retail trade of ground oil|
Activities similar to Retail trade of ground oil
- Retail trading of paper, paper goods, stationery, printing goods, sporting tools, music tools, photography and computer tools
- Perdagangan eceran keliling barang kerajinan, mainan anak-anak dan lukisan
- Non-store retail trading, kios, five foot and other market los ytdl
- Retail trade running fuel and lubricating oil
- Perdagangan eceran keliling tekstil, pakaian, alas kaki dan barang keperluan pribadi
- Retail trading household and kitchen equipments
- Perdagangan eceran keliling komoditi makanan dari hasil pertanian
- Retail trade on food, beverage or tobacco commodities processed industry
- Retail trading of chemicals, pharmacies, cosmetics and laboratory equipment
- Retail trading through the media for a variety of other goods
- Retail trade on a fee for service (fee) or contract
- Retail trade through media for textile commodities, clothes, footwears and personal purpose goods
What are the requirements to set up a retail trade of ground oil 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 retail trade of ground oil company in Indonesia
The exact process of registering a retail trade of ground oil 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.