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Hong Kong KBLI 50221
RIVER AND LAKE TRANSPORTATION FOR GENERAL GOODS AND OR OR ANIMALS
This group includes goods transportation businesses in rivers and lakes, and the goods transported can be more than one type, except for dangerous goods, special goods or heavy equipment.
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Contact our consultantsKey requirements to set up a river and lake transportation for general goods and or or animals in Indonesia
The following requirements are based on the Indonesian business classification code 50221
- Maximum foreign ownership
- 49%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 50221?
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
2
Class
1
Indonesian class
50221 stands for river and lake transportation for general goods and or or animals
| KBLI | 50221 |
|---|---|
| Section | Inland water transport |
| Division | Transportation and storage |
| Group | Water transport |
| Indonesian class | River and lake transportation for general goods and or or animals |
Activities similar to River and lake transportation for general goods and or or animals
- 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 river and lake transportation for general goods and or or animals 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 river and lake transportation for general goods and or or animals company in Indonesia
The exact process of registering a river and lake transportation for general goods and or or animals company depends on the location of your company's registered address.
