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An Introduction on the FinTech Landscape in Indonesia

Posted 16.01. 2018 by Cekindo

The booming economy in Indonesia has carved a clear path to leverage FinTech startups. But what is FinTech? FinTech, or fintech, is an acronym for financial technology. It is the new technology and innovation that set forth to create better financial services for both consumers and businesses. It is also said to compete with traditional …

An In-Depth Look into Indonesia’s Product Registration and Regulation

Posted 11.01. 2018 by Cekindo , last update on 16.01. 2018

Indonesia is one of the world’s biggest emerging economies for a reason. It has a vibrant young population with a median age of 28 years old. Its purchasing power is increasing. E-commerce and financial technology (fintech) products possess a huge potential here as most are active Internet users. …

Why Bali Is the Next Big Thing in Indonesia

Posted 9.01. 2018 by Cekindo

We might have just found the next big thing in Indonesia — a tropical hideaway, Bali. Other than its vibrant atmosphere, breathtaking ocean views, and delectable cuisines, it has now become one of the thriving business locations, where people from all the around the world choose to start a business in Indonesia. …

How Cekindo Can Help in Your Company Setup in Vietnam

Posted 5.01. 2018 by Cekindo

Vietnamese Market Overview Vietnam, the world’s 14th most populous country and the 9th most populous in Asia, is one of the fastest emerging markets in the world. As of 2016, it has an estimated population of 94.6 million. …

Bank Indonesia Launches Regulation on Fintech

Posted 29.12. 2017 by Cekindo

For the first time in the history of Indonesia, Bank Indonesia (BI) launched a regulation on financial technology also known as fintech. Regulation Number 19/12/PBI/2017 regarding the Provision of Financial Technology, dated November 30, 2017 (“Reg. 19/2017″), was made public by BI on December 7 and will come to effect on December 30, 2017. …

Your Complete Guide to Limited Stay Permit/KITAS in Indonesia

Posted 26.12. 2017 by Cekindo

As is usually the case for starting a business in Indonesia, it is important to know that you will be required to obtain a limited stay permit—KITAS, if you wish to work and stay in Indonesian territory for a longer period as foreigners. KITAS can be renewed when necessary. The new immigration passed in May …

Getting Help Resolving Temporary Blacklisting

Posted 15.12. 2017 by Cekindo , last update on 20.12. 2017

Anyone who wants to travel to Indonesia again will certainly dread the word “blacklist.” It always creates a world of doubt, confusion, and fear. But there’s a silver lining. Not all types of blacklist issues will result in a permanent ban. Better yet, you can always count on some help to resolve a temporary blacklist. …

5 Biggest Challenges Businesses Face during Expansion

Posted 15.12. 2017 by Cekindo , last update on 20.12. 2017

Being one of the world’s top ten economies is just one of the reasons to consider when expanding your business in Indonesia. It is rich on both natural and human resources. It continues to attract foreign direct investments while the government continues to work hard to improve its fiscal policies and infrastructure. But with expansion …

Everything You Need to Know about Company Registration in Bali

Posted 13.12. 2017 by Cekindo , last update on 24.12. 2017

Everybody heard about Bali, but not everybody knows that Bali has become one of the most potential markets in South-East Asia. Bali’s economy has been continually growing for a while, reaching 6.24 percent growth in 2016. The highest growth which came from the information and communication sector (9.15 percent), confirms that The Island of Gods …

Why You Need to Outsource Your Accounting and Payroll

Posted 1.12. 2017 by Cekindo , last update on 11.01. 2018

Many components make up a business. For it to run like a well-oiled machine, it requires a reliable, scalable system for payroll and accounting. These may be easy if you have very few employees to manage or you operate domestically. This way, you’re familiar with business-related laws such as accounting, taxation, and labour. …

Understanding The Blacklisting Appeal Process

Posted 30.11. 2017 by Cekindo , last update on 20.12. 2017

Bad news: immigration can blacklist you for a violation as simple as overstaying your tourism or business visa. The good news is it can be temporary. The better news is you can appeal it. But how do you make an appeal? Here’s a rough guide: 1. Know the length of your blacklist Usually, when you’re …

5 Most Common Trademark Registration Mistakes: What Your Business Should Avoid

Posted 28.11. 2017 by Cekindo , last update on 20.12. 2017

“Should you trademark your business?” is a question all business owners could relate when starting a business in Indonesia. The answer may vary from individual to individual in general. Business owners will benefit from trademark registration when doing business in the archipelago. Why? Because it is an invaluable asset. It will protect your business and …