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.
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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.
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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.
The Investment Coordinating Board in Indonesia (BKPM) has just made effective of the new changes on January 2, 2018, regulated under BKPM Regulation No. 13 of 2017 (BKPM Reg. 13/2017). This new regulation concerning the Guidelines and Procedures for License and Investment Facilities, has now taken effect at the Central One Stop Services Office of BKPM only. It will soon come into full force at different regions on July 2, 2018. Therefore, existing BKPM regulations for the same subjects will then become invalid.
In this article, we will summarize some of the significant amendments on licensing and investment procedures and regulations come from BKMP Reg 13/2017.
With effective from January 2, 2018, Principle License (Izin Prinsip, or IP) will no longer be valid. Even though the change might seem mainly cosmetic – the term of Principle License as such is now replaced with Capital Investment Registration (Pendaftaran Investasi, or PI) – there are several changes that will shape your business differently.
The change in the regulation does not concern only Principle License as also Permanent Business License is replaced with Business License (Izin Usaha, or IU).
Obtaining a Principle License – the former license, was crucial for a foreign-owned company in Indonesia. It was valid for one year during which a company was supposed to realise its investment plan of 10 billion rupiah.
In fact the Principle License served as the initial permission from BKPM to allow foreign company to invest before they could receive the Permanent Business License and truly start a business in Indonesia. However, with the new regulation, a company can directly apply for Business License.
The replacement of Principle License with Investment Registration is beneficial to most foreign investors. The effort by BKPM is to facilitate a more effective registration process (as compared to the previous lengthy bureaucratic process), and make investments less difficult for foreigners.
This breakthrough mark taken by BKPM is the sequel of the implementation of Presidential Regulation No. 91/2017. The following lists the primary changes:
Entrepreneurs were supposed to apply for Principle License before the legal establishment of entity in Indonesia, and signing of the Article of Association and obtaining Deed of Establishment. After obtaining Principle License, it was mandatory to realize the investment (IDR 10 billion) before running the business.
Capital Investment Registration might be obtained before or after the establishment of a legal entity. It is determined by the signing of Article of Association and Issuance of Deed of Establishment.
Even though it is necessary for businesses to certain extent, if a legal entity meets the following criteria, it is obliged to apply for Capital Investment Registration before the entity establishment.
One noteworthy piece of information is that trading or management consulting businesses or their related activities do not require the capital investment registration. They can directly apply for Business License. Thus, the company is ready to commence a business.
Head of BKPM, Thomas Lembong, commented that with the new regulation came into place at the beginning of 2018, there will be target growth of 10-14% (y/y) of domestic and foreign direct investments in Indonesia in the same year—particularly for service and e-commerce sectors.
With the mechanism of registration upgraded by BKPM, the process of issuance of Capital Investment Registration will be accelerated greatly with increased efficiency. The whole process of Capital Investment Registration takes only one working day, much shorter than the time needed for the application of Principle License, which previously took three working days.
There will be a series of innovations and improvements coming from BKPM—especially through digitalization—in an effort to speed up and simplify the process for investment licensing matters, in order to achieve the paperless investment licensing and support the single submission online program.
Speak to our experts at Cekindo now if you have any questions regarding the recent revision of BKPM regulations.
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One noteworthy piece of information is that trading or management consulting businesses or their related activities do not require the capital investment registration.
Edy Tarlesno holds various certifications and a respectable degree to be an expert on internal and external legal compliance in Indonesia. His experience starts from bankruptcy and insolvency, leading to a prominent social foundation consultancy in Indonesia.
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