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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.
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.
The fast-moving consumer goods (FMCG) sector is one of Indonesia’s largest industries, contributing considerably to the country’s economic growth. Some of the primary growth factors in the industry have been the growing consumer spending power due to increased personal income, as well as increasing urbanization.
This was one of the few industries in the country that remained mostly unaffected by the COVID-19 epidemic. In the third quarter of 2020, Indonesia saw an overall positive year-on-year change in the FMCG market value of 8.8%.
As one of Southeast Asia’s fastest-growing FMCG markets, Indonesia has progressed in tandem with rising consumer expectations and changing lifestyles. Indonesian families have spent about 20% of their entire household spending on FMCG items since 2018.
Every FMCG category in the country showed an increase in average consumer spending on every visit to the store in the third quarter of 2020, with the food segment receiving the biggest share. Traditional trade, with a 67% market share in the third quarter of 2020, was the largest sales channel for FMCG items in the country. Note that both global and local firms dominate the FMCG industry in Indonesia.
Multinational corporations such as Unilever Indonesia have fostered the sector by expanding the range of items available to the customers, from personal care to food. Indofood, a local market participant, has demonstrated that indigenous businesses can compete effectively in the FMCG industry as well.
Indomie, one of its products, was named the first among the top FMCG brands in Indonesia in 2019, with a home penetration rate of over 99%. Furthermore, since 2014, the net sales of PT Indofood Sukses Makmur Tbk, or Indofood, have been steadily increasing, indicating continued expansion in the FMCG sector.
In Indonesia, the FMCG sector is one of the least impacted sectors by the pandemic, owing to a shift in customer behavior who prefer to purchase and stock personal care and hygiene products from stores.
Several items, including personal care products, herbal and health products, food, and so on, have grown popular as a result of the pandemic.
The COVID-19 pandemic created a mass awareness about personal health and preventative measures that may be taken like using hand sanitizers has caused a spike in demand for FMCG products. As a result, customers were inclined to buy products in larger quantities and stock them for personal use.
Indonesian consumers have been affected by the COVID-19 pandemic over the past year, which has influenced their views and preferences in many aspects of life. They quickly embraced a new lifestyle that includes wearing a face mask, living at home, and working from home. Their typical grocery shopping habits have inevitably changed as well. The majority of Indonesian consumers have changed their buying patterns as a result of the COVID-19 pandemic.
Because of the COVID-19 pandemic, 74% of Indonesians have modified their buying habits. When compared to the global average of 59%, this percentage is relatively high. One of the most noticeable changes is that, as a result of the government’s crowd control measures, people now routinely use online shopping/delivery services for their groceries. 63% of customers believe they would use online shopping/delivery services more often, and more of them (43%) prefer to use delivery services over “click and collect” online services.
Since March 4, 2021, the new investment list under Presidential Regulation No. 10 of 2021 has superseded the former negative list under Presidential Regulation No. 44 of 2016. It is about the Investment Sectors (the New Positive Investment List), which establishes new foreign investment limits for several Indonesian industries.
This new approach to conducting business operations was created to encourage investment in Indonesia while also streamlining the process of obtaining business licenses to make it more efficient.
The new investment list allows the distributors that are not affiliated with manufacturing in the Indonesian distribution sector to own up to 100% of their investment. Previously, the distributors were limited to 67% of the ownership.However, distributors affiliated with manufacturing are allowed 100% foreign ownership in Indonesia in both the investment lists, old and new.
Foreign investment limitations previously applied to the retail industry, with specific limits imposed on certain types of self-service stores (toko swalayan). However, the New Investment List has allowed 100% foreign ownership of (i) most self-service outlets with a floor size of more than 400 sqm and (ii) most non-F&B items in the retail sector.
Supermarkets with a floor size of less than 1,200 sqm and department shops with a floor space of 400 sqm to 2,000 sqm were restricted at 67% foreign ownership under the 2016 Negative List. The New Investment List no longer has these limitations. Floor area limits still apply to different types of self-service businesses under GR 29/2021.
Most logistics services, including commercial postal services, courier agency services, warehousing, and freight forwarding, are now eligible for 100% foreign ownership under the New Investment List. It is a huge jump from the ownership cap of 49% in the 2016 Negative List. Learn how foreign investors can establish a logistic company in Indonesia.
The fee-based commission agency sector, which has traditionally been closed to foreign ownership, appears to be exempt from the New Investment List’s foreign ownership limitations.
The new investment list allows 100% foreign ownership for online marketplace businesses like web portals and digital platforms for commercial purposes with an investment value of below IDR 100 billion, a huge leap from its previous 49% limitation on foreign ownership. Similarly, eCommerce – retail businesses are eligible for a 100% foreign investment in the new list.
Company incorporation in Indonesia consists of multiple procedures that are time-taking and overly official. Having company registration professionals, like Cekindo, by your side can save you a great deal of time as well as provide you with a hassle-free experience. Cekindo provides a wide spectrum of ancillary services related to the company and product registration, like legal consultancy, business license, and import license acquisition.
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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.