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.
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.
There are many reasons companies want to do some company restructuring in Indonesia. Because of the dynamic condition of the market as well as the industry, plus the advancement of information technology, change is something inevitable for every company.
The reasons vary from the company’s intention to change its business nature, product improvements or even changes, management restructuring, to financial issues.
Some are triggered by inner intentions and some others are outer drivers. Nevertheless, all company restructuring attempts aim to improve and maximize performance, effectiveness, and efficiency.
However, performing company restructuring is not as easy as it sounds. Every country has its own law to regulate the way all companies in its jurisdiction run their business. Therefore, every small and minor change matters.
In Indonesia, there is a special regulation regarding company restructuring, especially the one related to the legal affair. Below are some examples of company restructuring involving Foreign Direct Investments (known as PMA/Penanaman Modal Asing) that commonly occur in Indonesia.
The basic rule for this is to discuss the problem in the General Meeting of Shareholders.
This meeting invites all shareholders as they have the biggest authority to become the decision-makers in the company. Their voice is at least 51% of the total company’s shares.
Given that the percentage is not met, hold another meeting by inviting all the shareholders once again and making sure that 1/3 of them come to resolve and make a decision about shareholder changes.
The company’s registry includes the name and domicile of the company. They are subject to change. Especially for the company’s name, a PT PMA should follow the subsequent suggestions.
In addition, there is a new regulation issued by the Ministry of Law and Human Rights. All companies must have at least a 3-word name. The ministry should approve the name. The Indonesia Investment Coordinating Board (BKPM) and the tax office should also acknowledge it.
On the other hand, when your company wants to change location, you need to know exactly whether or not your new company address is in the same district. Different rules apply.
When the new address is in the same district as the old one, all you have to do is to report your new address to the local tax office to change your taxation data.
However, when the new location is in a different district, close your old taxation account so that you can open a new one at the new address.
Before that, you need some permits from the local authorities. An example is a location permit signed by the district and sub-district heads where your new office is located.
When it comes to capital revision, a company may decrease or increase its capital based on the minimum capital requirements.
Basically, all PT PMAs must have at least Rp. 10 billion in capital. The amount can be higher depending on the field of industries. When you want to revise the capital, you don’t need to give proof of company bank balance, like when you first registered your company.
Instead, you need to show the proof of the paid-up capital, which is at least IDR 10 billion. It is because as an operating company, it has already had a company bank account, unlike the company that is in the progress of registration.
After that, you will need this document along with a copy of the company’s Article of Establishment and other documents. Send them to BKPM and the Ministry of Law and Human Rights to get their approval letters.
Most PT PMAs in Indonesia appoint a local director to smoothen the company registration process. Meanwhile, the company can have time to prepare the documents for the “real” owner and/or director to have a legal working permit.
When the working permit is ready for a foreign new director to take over the PT PMA, the company, through the GMS meeting, makes a decision of his/her appointment.
A public notary will then issue an amendment to the Article of Association. The next process is to get the Tax Registration Code Number (NPWP) for the new director or commissioners. Then, submit the copy of this NPWP and the copy of the amendment to notify the Ministry of Law and Human Rights.
Before a PT PMA decides to do some restructuring, the company should follow these regulations:
The common documents to complete the restructuring process are basically all the company’s documents and permits. They include Tax Registration Code Number (NPWP), Article of Establishment, Article of Association, and a valid passport.
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.