Indonesia
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Hong Kong KBLI 10298
SEA GRASS PROCESSING INDUSTRY
This group includes the business of processing seaweed into processed dry seaweed (alkali treated carrageenan chips), gelatin, agar, carrageenan and others.
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Contact our consultantsKey requirements to set up a sea grass processing industry in Indonesia
The following requirements are based on the Indonesian business classification code 10298
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 10298?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
10
Division
2
Group
9
Class
8
Indonesian class
10298 stands for sea grass processing industry
| KBLI | 10298 |
|---|---|
| Section | Manufacture of food products |
| Division | Manufacturing |
| Group | Processing and preserving of fish, crustaceans and molluscs |
| Indonesian class | Sea grass processing industry |
Activities similar to Sea grass processing industry
- Other biota water cooling or testing industry
- Sea grass processing industry
- Other processing and preservation industry for other water biota
- Other biota water protection industry
- Multiple water biota industry or fermentation industry
- Other biota water based industries
- Industri pembekuan biota air lainnya
- Other biota water salt or drying industry
- Other biota water figure or grilling industry
- Other processing and preserving industry for fish
- Manufacture of processing and preserving of fish and water biota (not shrimp) in can
- Industry of processing and preserving of shrimp in can
What are the requirements to set up a sea grass processing industry 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 sea grass processing industry company in Indonesia
The exact process of registering a sea grass processing industry 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.
