Indonesia
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Hong Kong KBLI 16214
VENEER INDUSTRY
This group includes businesses in making veneer shavings by means of rotary, slicer and the like.
Register a company in Indonesia
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Contact our consultantsKey requirements to set up a veneer industry in Indonesia
The following requirements are based on the Indonesian business classification code 16214
- Maximum foreign ownership
- 100%
- Minimum capital
- Rp. 2.5 billion
- Local SME partnership required
- No
What is a KBLI 16214?
A KBLI is an Indonesian business classification, last revised in 2020. The KBLI determines the regulations for a specific business activity.
16
Division
2
Group
1
Class
4
Indonesian class
16214 stands for veneer industry
| KBLI | 16214 |
|---|---|
| Section | Manufacture of products of wood, cork, straw and plaiting materials |
| Division | Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials |
| Group | Manufacturing |
| Indonesian class | Veneer industry |
Activities similar to Veneer industry
- Installation of industrial machinery and equipment
- Aircraft reparation
- Other repair transportation equipment, not motor vehicles
- Repair of other equipment
- Repair of ships, boats and floating buildings
- Reparasi lokomotif dan gerbong kereta
- Other electrical equipment reparation
- 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 veneer 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 veneer industry company in Indonesia
The exact process of registering a veneer 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.