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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Key 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

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.

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