Indonesia
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Hong Kong KBLI 50211
RIVER AND LAKE TRANSPORTATION FOR PASSENGERS WITH FIXED AND REGULAR ROUTES
This group includes the business of passenger transportation on rivers and lakes which is carried out in a regular and regular route network, with a fixed and scheduled schedule. According to the types, it consists of transportation services within districts or cities, inter-regency or city transportation services within provinces and cross-border services between countries and between provinces.
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Contact our consultantsKey requirements to set up a river and lake transportation for passengers with fixed and regular routes in Indonesia
The following requirements are based on the Indonesian business classification code 50211
- Maximum foreign ownership
- 49%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 50211?
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
1
Indonesian class
50211 stands for river and lake transportation for passengers with fixed and regular routes
| KBLI | 50211 |
|---|---|
| Section | Inland water transport |
| Division | Transportation and storage |
| Group | Water transport |
| Indonesian class | River and lake transportation for passengers with fixed and regular routes |
Activities similar to River and lake transportation for passengers with fixed and regular routes
- 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
- Public crossing within the regency or city
- Angkutan penyeberangan lainnya untuk penumpang termasuk penyeberangan antarnegara
- Inter-recency or inter-municipality transportation
What are the requirements to set up a river and lake transportation for passengers with fixed and regular routes 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 passengers with fixed and regular routes company in Indonesia
The exact process of registering a river and lake transportation for passengers with fixed and regular routes company depends on the location of your company's registered address.