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.
In 2018, the government of Indonesia issued a new decree 143/2018/ND-CP in regards to the mandatory social insurance payments and payroll for foreign workers employed in Vietnam.
There are several important regulatory changes took place according to this decree and will have lasting impacts on the payroll in companies and organisation.
In this article, we will list out the major changes in payroll in Vietnam that you should take note of, as well as some of the basic information in regards to payroll in the country.
Three types of employee insurances available in Vietnam are:
Foreign employees are only eligible for one of the three insurances, which is health insurance. Hence, foreigner’s employment taxes are much lower than the domestic employee’s.
However, from January 1, 2018, all foreign workers and expatriate will be eligible for social insurance contributions, regulated by the 2014 Social Insurance Law. According to Decree 44/2017/ND-CP and Decision 595/QD-BHXH issued on April 14, 2017, the social insurance payments are only applicable to foreign employees hired in Vietnam with a work permit.
In addition, the Vietnamese government further strengthened the regulation by making social insurance contributions from employers compulsory effective from December 1, 2018.
The change of social insurance law also brings foreign nationals the same benefits as local employees, including compensations for occupational diseases, maternity leave, sick leave, accidents, death and retirement.
Besides, a one-off pension payment will be granted to foreign workers when they leave Vietnam. However, foreign workers are excluded from the unemployment insurance benefit.
Social insurance contributions from employers only apply to foreign employees that meet the following conditions:
Under the below circumstances, foreign employees will not be granted the social insurance (SI) scheme even when they fulfil the above criteria:
Furthermore, the social insurance payment is only made to the first employment contract, if a foreign employee has more than one employers in Vietnam at the same time. However, all employers of that foreign employee are responsible for occupational diseases insurance and labour accidents insurance which is only 0.5%.
Payroll taxes in Vietnam for local employees are detailed as follows:
Based on the new law effective from December 1, 2018, payroll taxes for foreign employees in Vietnam are:
These taxes described for foreign employees will be valid until December 31, 2021. Starting from January 1, 2022, certain taxes for foreign employees are adjusted to the following percentages:
Death and retirement benefits for foreign employees will also come into force at the beginning of January 2022.
Personal Income Tax rates in Vietnam range from 5-35% for all resident taxpayers (both domestic and international). The following table further specifies the tax percentage deducted based on the monthly taxable income.
As legislated by the government of Vietnam the General Minimum Wage (GMW) in Vietnam has increased by 5.3% in 2019, and now it ranges from VND 2.92 million to VND 4.18 million.
There are two kinds of minimum wages in Vietnam. They are common minimum wage and regional minimum wage.
Common minimum wage is used for employees working in state-owned organisations and enterprises.
The second type of minimum wage is a regional minimum wage. It applies to all employees of non-state enterprises. The government defines this type of minimum wage based on region.
Vietnam is now split into four regions to reflect the socio-economic conditions of the country. The first region covers urban areas of Hanoi, and Ho Chi Minh City and the fourth region includes the most rural areas in Vietnam.
As of 2019, these regions set a baseline minimum salary per month between VND 2.92 million (US$ 125) and VND 4.18 million (US$ 180).
Cekindo’s professionals provide comprehensive support to your business concerning payroll, insurance, tax and other market entry strategies. Get in touch with us today and outsource payroll in Vietnam.