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.
When you have decided to invest in Vietnam as a foreign investor, you must first study the feasibility of the sector you are interested in. One of them is that you ought to ensure that the business sector that you plan to invest and operate is permitted by the Vietnamese Law, or is restricted by other conditions such as business activities prohibited for foreigners.
In December 2014, Investment Law No 67/2014/QH13 was passed to boost investment in Vietnam. One of the big changes in this law was the replacement of “positive list” with “negative list”, allowing foreign companies to invest in almost all sectors except for six prohibited industries.
In order to sustain the rapid economic growth, the government of Vietnam further announced that they plan to lift the restrictions on foreign ownership of listed and state-owned companies by the end of 2019.
In this article, we will take a closer look at what business restrictions for foreigners are in place in Vietnam.
Selecting a legal entity in Vietnam is almost as important as choosing a business sector to invest in the country – because it will determine the success of your future business.
Here is the difference between a local company and a foreign company in Vietnam.
The most common type of legal entity in Vietnam is a Limited Liability Company (LLC). It can be wholly owned by foreigners or by the locals. For local LLCs to incorporate, they will need to provide the authorities with a registered address in Vietnam and a bank certificate of deposit of shared capital.
As for foreign-owned LLCs, they will need to open a capital account with the local bank, and so acquire approval for a foreign investment certificate (FIC). Even though there is no set minimum capital in Vietnam, an investment of US$10,000 is commonly considered as the minimum capital to successfully finished company incorporation.
Continue reading Know How to Start a Limited Liability Company in Vietnam.
As mentioned earlier, the prohibited industries under the new national Law on Investment have been reduced from 51 sectors to 6industries:
According to Vietnam’s WTO Commitments, Vietnam can restrict or close certain sectors to foreign investments. The barriers apply to the following sectors:
Related article: Restrictions for Representative Office in Vietnam
In addition to the restrictions above, Vietnam’s Investment Law lists out sectors that are open to foreign investments, but they are subject to approval when they meet certain conditions.
These conditions include the ownership percentage, capital amount, etc. Some conditions and the industries under this category include the following:
You need to follow the local law for sure, but there is a safe alternative to start a business in Vietnam as a foreigner – even in the closed sector.
Find a local nominee and set up a nominee company in Vietnam. Many foreign investors commonly use this type of company as they are still able to exercise all their rights in a nominee company. To ensure the clear division of responsibilities and duties, a notarised set of agreements through a reliable consultant must be signed.
Read also: Doing Business in Vietnam: What are the Challenges?
The law in Vietnam allows foreigners with legal entities to buy land and properties such as an apartment, villa, and house, just like other Vietnamese citizens. However, foreigners are prohibited from owning more than 250 properties in the same district or from possessing more than 30% share of a building.
Interested in purchasing property? Continue reading How to Buy Property in Vietnam: Guide for Foreigners
To gain an in-depth understanding of business activities prohibited for foreigners in Vietnam, contact Cekindo in Vietnam. Our advisors are fully at your service in Ho Chi Minh City or online.