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.
Indonesia’s economy is so dynamic it has a good combination of local-owned and foreign-owned businesses. Many of those that are domestic are also owned or controlled by the state. Today, Cekindo lists down our top 10 companies owned by foreigners. The list is in no way exhaustive, and the numbers do not denote their actual ranking. If you are looking to start a business with a multinational company in Indonesia, this article will be nice to read.
Unilever is a Dutch brand that has established presence in more than 100 countries. Founded in 1930s, it has a market capitalization of $143.9 billion as of May 2017. In Indonesia, the brand has over 6,000 employees, found in 1933.
2. HM Sampoerna
One of the biggest tobacco companies in the country, HM Sampoerna became famous with its kretek cigarettes. It is a combination of cloves, tobacco, and other surprising flavors. A Chinese Indonesian immigrant named Liem Seeng Tee founded the company in 1913 and maintained control of it until Philip Morris International acquired approximately 97 percent of it.
3. Astra International
Astra International is one of the largest publicly listed firms in the country. Since it is a holdings company, it operates in various industries including but not limited to automotive, financial services, infrastructure, and information technology. But while its CEO is an Indonesian, Prijono Sugiarto, Jardine Matheson, a British conglomerate own 50.1 percent of its share.
While having its main Asian headquarters in Singapore, Google (whose physical office in the country is located in Kebayoran Baru, Jakarta) generates revenues from Indonesian advertisers. And its tax trouble can give you a pretty good idea how profitable the Indonesian market is.
5. Marriott International
Marriott is a famous hospitality brand with a presence in over 100 countries. In 2015, its estimated income is more than $580 million. While it specializes in luxe accommodation, it also has facilities that are more budget-friendly or perfect for long-term stays.
Maybank is one of the largest banks in terms of market capitalization and assets in Southeast Asia. Although it is very popular in Indonesia, it is actually a Malaysian brand. You can also find it in Singapore. Currently, it has around 45,000 employees across its 2,400 offices in 20 countries around the world.
Oil and gas is one of the stable and big industries in the country, and a key player is MedcoEnergi. Encore Energy Pte Ltd control about 50.7 percent of the business. This company is based in Singapore.
While GM has already bid goodbye, Toyota continues to expand. This year, it has appointed the first local president director for its manufacturing facility. It has also committed to pouring $15 billion as investments until 2019.
A very popular cosmetics firm, L’Oreal has its headquarters in Clichy, France. There are two L’Oreal divisions operating in Indonesia, one for marketing and distribution, the other for manufacturing.
10. Exxon Mobil
Another huge player in oil and gas is Exxon Mobil, an American multinational firm with a total revenue of over $218 billion in 2016. In Indonesia, it has been around for more than 100 years.
In terms of market value, the following multinational companies top the list, as of August 2020. Compared to the list above, there have been switches that are interesting to see.
1. PT Bank Central Asia Tbk. (USD 53.06 billion)
2. PT Bank Rakyat Indonesia (Persero) Tbk. (USD 29.63 billion)
3. PT Unilever Indonesia Tbk. (USD 21.27 billion)
4. PT Telekomunikasi Indonesia Tbk. (USD 19.81 billion)
5. PT Bank Mandiri (Persero) Tbk. (USD 19.36 billion)
6. PT Astra International Tbk. (USD 14.59 billion)
7. PT Hanjaya Mandala Sampoerna Tbk. (USD 13.84 billion)
8. PT Chandra Asri Petrochemical Tbk. (USD 8.91 billion)
9. PT Bank Negara Indonesia (Persero) Tbk. (USD 6.33 billion)
Will your business grow as huge as this in Indonesia? Who knows? One thing is for sure: don’t wait until later to start investing here. It’s a fabulous, electrifying economy that gives you a lot of opportunities for growth, market penetration, and diversification.
When it comes to setting up and operating your business in by establishing a multinational company in Indonesia, Cekindo is ready to provide you with complete, reliable, fast, and efficient business support solutions from company registration to HR recruitment, payroll processing, and serviced offices in Jakarta, Bali and Semarang.
Don’t hesitate to contact us discussing deeper about the business opportunities in Indonesia.