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.
Before being able to successfully run a business and penetrate the Indonesian market, company registration in Indonesia is required as part of the business incorporation process. This applies to all foreign entrepreneurs, including Singaporean entrepreneurs.
More and more Singaporean entrepreneurs have flocked into Indonesia to start businesses in various sectors and industries.
With a total investment of USD 8.9 billion in 2020, according to the Investment Coordinating Board (BKPM), Singapore topped the list of the biggest foreign investors in Indonesia.
What is more, Singapore is Indonesia’s fifth-largest destination for non-oil and gas goods export. The export of non-oil/gas items from Indonesia to Singapore has a yearly total value of US$9 billion.
In addition to the active trades between both countries, Singapore and Indonesia’s joint development in the Kendal Industrial Estate has already attracted more than 43 tenants.
The Kendal Industrial Estate in Central Java is a joint project between Singapore and Indonesia, with an expected investment of up to IDR 200 trillion (US$ 14 trillion).
The investment from Singapore in Indonesia will attract at least 300 tenants, providing 500,000 job opportunities by the end of 2025. This estate is set to develop in three phases with a total land occupation of 2,700 hectares. In line with the Industrial Revolution 4.0, the investment opportunities for Singapore’s investors are limitless.
If you are one of the Singaporean entrepreneurs who intend to expand to Indonesia, you may want to set up a foreign-owned company (PT PMA), the most common option chosen by foreign entrepreneurs.
This article further discusses PT PMA in Indonesia and how to set up one.
A PT PMA, or a foreign-owned company in Indonesia, is a limited liability company with the injection of foreign capital or investment.
A company is considered a PT PMA even with as little as 1% of foreign ownership. This is the most common form of company setup in Indonesia for foreigners to start generating income from their business activities.
Though relatively simple to set up in Indonesia, the percentage of foreign ownership may be restricted for certain business sectors under the Negative Investment List (NIL).
According to the NIL, some sectors are fully close to foreign investments, and some sectors are only partially open to foreign ownership. This list is usually updated once every three years.
Therefore, it is advisable for business owners to refer to the latest version. For any inquiries on setting up your PT PMA in compliance with NIL, you can also reach out to Cekindo for more information.
There are requirements you, as an investor from Singapore, need to meet before you can set up a PT PMA in Indonesia:
As a PT PMA in Indonesia, your business will require a minimum of two shareholders. The shareholders can be corporate shareholders or individuals.
Apart from shareholders, a PT PMA needs at least one director and one commissioner. Both the director and the commissioner can be either a foreigner or a local national.
However, we encourage the director to be an Indonesian because this local individual is responsible for the operations of the company.
IDR 10 billion is the minimum paid-up capital for PT PMA in Indonesia. You will need to prove your paid-up capital by providing a signed capital statement letter or transferring the capital to your PT PMA’s bank account.
The first option is more practical because the second option requires you to have a bank account – which, you may not have it since your company is still in the process of incorporation.
It is also a requirement for you to determine your business location before your investment application submission. In other words, you need to have a registered business address for your PT PMA incorporation to be successful.
The entire registration and establishment process, including all procedures, takes 4 to 6 weeks.
Cekindo is a part of In.Corp Group in Singapore, one of the largest Asian based corporate service providers. We have incorporated 20,000+ entities in the last 10 years and successfully conducted 12,000+ compliance transactions every year.
With our presence in Singapore, you would not have to fly to Indonesia to register your company, especially now amid the COVID-19 pandemic.
The experienced consultants of Cekindo in Singapore will lead you through the entire PT PMA setup process in the most professional and efficient manner. We will also handle all paperwork and submission procedure on your behalf, so you can have peace of mind.
Get in touch with us by filling in the form below should you require further information on company registration, particularly foreign company (PT PMA) establishment or set up in Indonesia.
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.