Cekindo Business International is now InCorp Indonesia. Learn more.
InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
Get assistance from experts with a decade of experience in assisting international business owners expanding into Indonesia.
Avoid any bureaucratic complexity when closing your company by engaging with our experienced legal advisors.
What type of legal entities should you choose to register a company in Indonesia? We can assist you in choosing which is the best one to grow your business.
To help businesses survive during this unfortunate time, InCorp provides corporate recovery in Indonesia and insolvency services.
Granting an environmental permit in Indonesia needs an Environmental Impact Analysis (AMDAL) in advance.
Obtaining property & land ownership in Indonesia offers some challenges for foreigners. However, buying property in Indonesia is attainable with specific resources and documents.
Recent regulatory changes have a knock-on effect on Indonesia's Merger & Acquisition landscape. Check on how we can navigate you through your M&A in Indonesia.
InCorp provides Virtual Office services Indonesia in various locations: Jakarta, Bali, Semarang, Surabaya, and Batam.
Business process outsourcing in Indonesia is a viable option to streamline bureaucratic complexities that hurdle your business expansion objectives.
InCorp offers a complete range of accounting service Indonesia, from tax reporting to auditing.
With professional financial audit services from InCorp, you can ensure all accounting activities are accurately recorded and compliant with Indonesian regulations.
Using an Employer of Record service to set your roots in Indonesia opens the doors to new opportunities in the country.
Financial and Operational Resilience services from InCorp are developed to support businesses and help them survive during this difficult time.
Payroll services in Indonesia are a practical solution to avoid unnecessary complexities while you focus on growing your business.
Using a recruitment agency in Indonesia will help you hire the best candidates for your company, saving you time and money.
Tax consulting in Indonesia are the shortcuts to fulfill the administrative obligations with high accuracy and in a timely manner.
The Indonesian government promotes tax holidays as one of the fiscal incentives to attract major foreign direct investment in Indonesia.
Operating businesses in Indonesia, entrepreneurs must comply with the regulations accordingly, especially concerning taxes.
Immigration in Indonesia is one of the strictest and most complex processes due to its ever-changing regulations. InCorp provides a seamless experience in obtaining your stay and work permits.
Avoid any hassles by engaging with an experienced visa agent in Indonesia.
A dependent visa Indonesia is a document that allows foreigners to bring their family while settling down in the country.
Investor KITAS Indonesia is a stay permit that offers many benefits to investors that invest in the country.
Overseas Visas are required for Indonesians who are planning to stay abroad for an extended period of time.
KITAP is a permanent stay visa for foreigners who have intentions to stay in Indonesia.
Foreign retirees often find their plans stuck due to the complex visa application process. InCorp helps expedite the process.
Obtaining a social visa is daunting if you are not familiar with the country’s complex bureaucratic processes. Consult with us for a seamless Indonesian visa application experience.
Foreigners married to an Indonesian citizen are eligible for a spouse-sponsored KITAS.
Learn how to obtain an Indonesian tourist visa seamlessly and securely, directly from a trusted visa and travel agent.
Get assistance from a trusted visa agent in Indonesia to make your traveling plan to Indonesia even more convenient.
Expedite your Indonesian work permit application process by engaging with a trusted visa agent.
All imported goods must obtain permission granted by specific governing bodies prior to entering the local market.
Learn more about the cosmetic product registration services in Indonesia.
Learn more about exporting goods to Indonesia.
Learn more about the food & beverage product registration services in Indonesia
Learn how to go through halal certification in Indonesia directly from experts successfully.
Learn more about the health supplement product registration services in Indonesia.
Learn more about the household product registration services in Indonesia.
Learn more about importing goods from Indonesia
An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner.
Learn more about the medical device registration services in Indonesia.
Register a trademark is necessary to avoid legal issues in the future. InCorp can help you with Trademark Registration services in Indonesia.
Compliance is one of the most challenging parts of business overseas, especially in a country packed with complex bureaucratic processes such as Indonesia.
Updating business documents to align with your company’s growth can be a hassle.
Due Diligence services are needed to assess the credibility of the company or partner you wish to work with or acquire in Indonesia
From Company Regulations to Employment Agreement Drafting, Employment law services from InCorp will help you to compliance with employment policy in Indonesia.
InCorp’s legal consultation services in Indonesia are crafted to help your business settle and fully comply with the latest regulations.
Organizations must continuously evolve and transform to remain competitive and relevant in today’s global environment ...
Companies face many opportunities and challenges as a result of a changing market and regulatory landscape ...
Adopting Environmental, Social, and Corporate Governance (ESG) practices can improve your company’s value ...
Risk Management services from InCorp Indonesia can assist companies in building confidence when making future business decisions ...
Transfer Pricing in Indonesia occurs when a company performs an internal transaction within the same business group or its subsidiaries
InCorp's transfer pricing advisory services in Indonesia are marked by the objective to support our clients' business needs.
Our transfer pricing services provide you with a hassle-free experience while still complying with the legal aspects of transfer pricing in Indonesia.
As the market-entry consulting firm in Indonesia, InCorp provides a wide range of customized solutions to ease the business incorporation process.
Both natural and legal persons are entitled to open a bank account in Indonesia. Find out how to open a bank account in Indonesia, here.
InCorp can help you find a trusted Buying Agent Indonesia for product sourcing in Indonesia. Contact us now for a free consultation.
InCorp can help foreigners to get the driving license in Indonesia, whether SIM A or SIM C. Check out the requirements and the procedure, here.
IMEI Registration in Indonesia is necessary to ensure telecommunication devices from abroad can function properly in Indonesia.
With offices in Jakarta, Bali, Semarang, SUrabaya, and Batam, InCorp is ready to assist you as a local partner and distributor in Indonesia.
InCorp can help you to select the trusted local partners to import and distribute your products in Indonesia.
Improve your business by knowing the market conditions in Indonesia through market research services in Indonesia.
InCorp can help you gain information about your competitor's product through mystery shopping.
Being one of the world’s top ten economies is just one of the reasons to consider when expanding your business to Indonesia. It is rich in 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. There has been a rapid increase of company registration in Indonesia in the last few years.
With expansion, however, comes several challenges. You may not be able to avoid them, but knowing what they are will help you get prepared and find the best solution to mitigate the risks that come with them.
1. Cultural Barriers
A huge percentage of the population knows how to speak in English, but most speak in Bahasa Indonesia. In fact, legal documents must be translated to the native language. They also have a different mind-set and attitude towards business partnerships. While Westerners may be used to a fast-paced approach, Indonesians prefer to take their time and build strong relationships.
Religion also plays a huge role in its economy. For example, the law mandates all its products to be halal. You can also find Sharia banks that have a different set of products and services from international and other mainstream banks.
Despite government efforts, bureaucracy still remains a pervasive problem in the country. Red tape is very common, and many processes are exhausting, time-consuming, and confusing. Trademark registration alone usually takes 12 to 24 months to complete. This culture also makes the entire system prone to corruption and bribery. In a lot of cases, it still pays for companies to “know someone from the inside” if they want fast and efficient service.
3. Changing Complex Regulations
Expanding your business to another country means following the laws of the land. That in itself is a tall order. It becomes even more difficult when these regulations can vary and change very quickly.
As an illustration, let’s talk about minimum wages. Indonesia is one of the countries that recognize minimum wagesthat can change every year using a very specific formula. This formula, however, doesn’t apply to 8 provinces whose cost of living is still lower than what’s mandated by the government. Wages too may vary depending on the agreement among the council, employers, and employees.
Indonesia can sometimes be very relaxed with its implementation of laws. Then become strict afterwards.
4. Cost of Hiring and Setup
Although cost of labour has been increasing in the country, it still remains one of the lowest. But that doesn’t mean Indonesia is cheap through and through. Foreign companies usually have to put up a huge amount of capital for company registration in Indonesia. If you wish to hire foreign workers, you need to follow the 1:3 ratio – that is, three locals for one expatriate.
The complexity of the laws makes you more vulnerable to mistakes, which could then mean hefty penalties.
5. Focus on Local Growth
Indonesia’s economic policies can make it seem liberal – then not. Foreign workers need a sponsor before they can be given a work permit. Some industries remain closed to foreign investments. Otherwise, the amount of foreign capital is capped.
Related article: International Expansion to Indonesia: Company Set Up
These are certainly huge challenges to conquer, but they’re no reason to pass up the country, particularly when you have the best partner: Cekindo.
Our company provides a comprehensive business consulting services from business setup to PEO outsourcingsuch as HR recruitment and payroll processing. Our expert business consultants can provide you with initial free advice.
It’s been our policy to make sure we can provide the right and needed support from the time you seek our help in your country of origin to your arrival here in the country.
All you need is to email us at firstname.lastname@example.org so we can discuss our successful partnership in detail.
An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.