UNDIFFERENTIATED GOODS-PRODUCING ACTIVITIES OF PRIVATE HOUSEHOLDS FOR OWN USE
This group includes activities to produce similar household staples, in other words, these household activities are used in various activities that produce goods for their own needs. These activities include hunting and gathering, agriculture, provision of shelter and clothing and other items produced by households for their needs. In practice, if households are also involved in the production of marketed goods, they are classified into goods-producing industries in accordance with the KBLI. If mainly used in the production of specific staple goods, then it is classified into the appropriate goods production industry from KBLI.
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Key requirements to set up a undifferentiated goods-producing activities of private households for own use in Indonesia
The following requirements are based on the Indonesian business classification code 98100
- Maximum foreign ownership
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
What is a KBLI 98100?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
98100 stands for undifferentiated goods-producing activities of private households for own use
|Section||Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use|
|Division||Undifferentiated goods- and services-producing activities of private households for own use|
|Group||Undifferentiated goods-producing activities of private households for own use|
|Indonesian class||Undifferentiated goods-producing activities of private households for own use|
Activities similar to Undifferentiated goods-producing activities of private households for own use
What are the requirements to set up a undifferentiated goods-producing activities of private households for own use 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 undifferentiated goods-producing activities of private households for own use company in Indonesia
The exact process of registering a undifferentiated goods-producing activities of private households for own use 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.