SPECIAL PAPER INDUSTRY
This group includes specialty paper-making businesses, such as cardiopan, litmus or litmus paper, metallic paper, acid proof paper, pattern paper, coated paper, slip-on paper and the like. Paper processing which is coated by all means, such as coating, glazing, gumming, and laminating as well as making carbon paper and stencils are included in the 17099 group, if they are in cut form ready to be sold to consumers. Photographic paper making was included in the 20299 group. The abrasive paper was included in the 23990 group.
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Key requirements to set up a special paper industry in Indonesia
The following requirements are based on the Indonesian business classification code 17014
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 17014?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
17014 stands for special paper industry
|Section||Manufacture of paper and paper products|
|Indonesian class||Special paper industry|
Activities similar to Special paper industry
What are the requirements to set up a special paper industry in Indonesia?
- At least two shareholders
- Maximum of 100% of the shares can be held by foreign shareholders.
- 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.
- 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|
The process of registering special paper industry company in Indonesia
The exact process of registering a special paper 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.