Indonesia
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Hong Kong KBLI 47920
RETAIL TRADE ON A FEE FOR SERVICE (FEE) OR CONTRACT
This group includes business intermediaries (brokers) who receive commissions from other retailers who trade goods domestically on behalf of other parties.
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Contact our consultantsKey requirements to set up a retail trade on a fee for service (fee) or contract in Indonesia
The following requirements are based on the Indonesian business classification code 47920
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 47920?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
47
Division
9
Group
2
Class
0
Indonesian class
47920 stands for retail trade on a fee for service (fee) or contract
| KBLI | 47920 |
|---|---|
| Section | Retail trade not in stores, stalls or markets |
| Division | Retail trade, except of motor vehicles and motorcycles |
| Group | Wholesale and retail trade; repair of motor vehicles and motorcycles |
| Indonesian class | Retail trade on a fee for service (fee) or contract |
Activities similar to Retail trade on a fee for service (fee) or contract
- 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
- Perdagangan eceran keliling tekstil, pakaian, alas kaki dan barang keperluan pribadi
- Retail trading household and kitchen equipments
- Retail trade running fuel and lubricating oil
- Retail trade on food, beverage or tobacco commodities processed industry
- Retail trading of chemicals, pharmacies, cosmetics and laboratory equipment
- Perdagangan eceran keliling komoditi makanan dari hasil pertanian
- Retail trading through the media for a variety of other goods
- Retail trade on a fee for service (fee) or contract
- Retail trading through media for food, beverage, tobacco, chemical, pharmaceutical, cosmetic and laboratory commodities
What are the requirements to set up a retail trade on a fee for service (fee) or contract in Indonesia?
Shareholders
- At least two shareholders
- Maximum of 100% of the shares can be held by foreign shareholders.
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 | 7500 | Rp1875000000 | |
| John Smith | Australia | Commissioner | 2500 | Rp625000000 |
| Budianto | Indonesia | Director | 0 | Rp 0,00 |
| 10000 | Rp 2.500.000.000,00 | |||
The process of registering retail trade on a fee for service (fee) or contract company in Indonesia
The exact process of registering a retail trade on a fee for service (fee) or contract 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.