20% OFF your first business expansion. 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 todays 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.
With some of the employment and business opportunities, it’s no surprise both Indonesia and Singapore are among the top investment destinations in Southeast Asia. These dynamic countries attract foreign investors worldwide to establish a business. Ever wondered how different countries handle company incorporation in Southeast Asia? This article is for you.
The following table summarises all the important information you need regarding company incorporation in both countries before going deeper into each most relevant topic.
Regarding the company incorporation, the Singapore government permits foreign ownership of 100% for private limited companies. In other words, a local partner is optional if you want to establish a company in Singapore. You just need to appoint a shareholder and a resident company director.
Indonesia offers a different scheme than Singapore in this regard. A foreigner can have a 100% foreign limited liability company or a joint-venture limited liability company that requires at least 5% of local shares.
Furthermore, foreign investors must look at Positive Investment List to conduct business accordingly.
The Singaporean government requires foreign investors to meet minimum requirements before they set up company incorporation and run their businesses.
These requirements include appointing a resident company secretary and a director with an employment pass certificate, having between 1 and 50 shareholders, and showing S$1 paid-up capital.
The requirements for company incorporation in Indonesia are stricter. You need to set up a commissioner and have paid-up capital of IDR 10 billion.
Due to its effective process and system, you can go through company registration in Singapore quickly and efficiently. There are also fewer red tapes that you need to deal with, making an even more hassle-free incorporation procedure. A 24-hour incorporation process is normal in Singapore.
However, the company registration process in Indonesia can take up to 1.5 months. This tedious and complex process sometimes poses a great challenge for foreigners intending to establish a business in Indonesia.
Therefore, company incorporation should not be done without advice from a professional advisor, as they can ensure you have all the necessary paperwork and comply with all the requirements.
Singapore’s workforce is mostly highly skilled with good command of English, and that’s why Singaporeans are preferable for foreign companies’ employment in the country. For foreigners working in Singapore, they must first acquire a work permit. There are many steps and costs involved. Hence it is crucial for businesses to fully understand the application process.
As for Indonesia, the local workforce is less qualified or highly educated than in Singapore. Therefore, many foreign companies are still seeking foreign talent from outside Indonesia. Work permits are also required for foreigners with more restrictive quotas.
In Singapore, companies can enjoy low corporate tax between 0 and 17%. Furthermore, Singapore has a wide range of tax treaties with more than 60 countries worldwide, allowing companies to enjoy even more tax benefits.
Singapore doesn’t have a VAT and uses Goods & Services Tax (GST) at 8%, which will increase to 9% on 2024
In Indonesia, the corporate tax rate is between 1% and 25%. Your corporate tax rate percentage depends on your profit level and industry. Indonesia has tax treaties with over 64 countries worldwide, benefiting foreign investors. The value-added tax (VAT) in Indonesia is 11%.
Even though it is easier to set up a company in Singapore, Indonesia makes an enticing investment destination because of its huge population, growing middle class, low operational and labor costs, and diverse landscape, among others.
As a business owner in Singapore interested in expanding to Indonesia, you may be concerned about having to fly to Indonesia to take care of the company registration process.
You do not have to visit Indonesia if you choose Cekindo as your business incorporation specialist in Singapore.
As part of In.Corp Group in Singapore, one of the largest Asian-based corporate service providers, Cekindo has assisted with 20,000+ entity incorporations in the last decade and successfully completed 12,000+ compliance transactions every year.
Our expert advisors in Singapore will handle the entire company registration process. We can also assist you in business licensing, visas and permits, banking, and other legal and business formalities per Indonesian law.
Reach out to us, and we’ll gladly assist with company incorporation in Indonesia. Complete the form below.
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.