Indonesia
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Hong Kong KBLI 21021
TRADITIONAL MEDICINE RAW MATERIAL INDUSTRY
This group includes the business of processing various kinds of extracts and simplicia, galenic preparations, additives or other ingredients, both nutritious and non-efficacious, changing or unchanging, which are used in the processing of traditional medicines, although not all of these ingredients are still present. in bulk products
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Contact our consultantsKey requirements to set up a traditional medicine raw material industry in Indonesia
The following requirements are based on the Indonesian business classification code 21021
- Maximum foreign ownership
- 0%
- Minimum capital
- Rp. 0.05 billion
- Local SME partnership required
- No
What is a KBLI 21021?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
21
Division
0
Group
2
Class
1
Indonesian class
21021 stands for traditional medicine raw material industry
| KBLI | 21021 |
|---|---|
| Section | Manufacture of basic pharmaceutical products and pharmaceutical preparations |
| Division | Manufacture of pharmaceuticals, medicinal chemical and botanical products |
| Group | Manufacturing |
| Indonesian class | Traditional medicine raw material industry |
Activities similar to Traditional medicine raw material industry
- Installation of industrial machinery and equipment
- Aircraft reparation
- Other repair transportation equipment, not motor vehicles
- Repair of other equipment
- Other electrical equipment reparation
- Repair of ships, boats and floating buildings
- Reparasi lokomotif dan gerbong kereta
- Photographic and optical equipment reparation
- Electric motor reparations, generators and transformers
- Reparasi baterai dan akumulator listrik
- Machine repair for specific purposes
- Repair measures, test tools and navigation and controller equipment
What are the requirements to set up a traditional medicine raw material industry in Indonesia?
Shareholders
- This business classification does not allow foreign ownersip.
Capital
- Minimum paid up capital is Rp 50.000.000,00
- 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 | 0 | Rp0 | |
| John Smith | Australia | Commissioner | 0 | Rp0 |
| Budianto | Indonesia | Director | 10000 | Rp 50.000.000,00 |
| 10000 | Rp 50.000.000,00 | |||
The process of registering traditional medicine raw material industry company in Indonesia
The exact process of registering a traditional medicine raw material industry company depends on the location of your company's registered address.