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.
Indonesia is one of the biggest emerging markets in Southeast Asia with a very promising and bright economic environment. However, the country is still harmed by widespread and prevalent corruption, bribery and money laundering throughout the nation’s government and business sectors.
The president of Indonesia, Joko Widodo, declared the country to be open for business with reform initiatives in an effort to fight the country’s corruption. It is believed that this issue will still take the center stage in this coming election in 2019.
In this article, we will take a look at the corruption trends, how corruption has been tackled and why Indonesia remains an investment heaven for both local and foreign investors.
The government of Indonesia has made a commitment in combating the country’s corruption for a long time. Its Anti-Corruption Law states that bribery is considered one of the corruption acts. It is the act of receiving or taking something (in the form of money, gifts, meals, assets, etc.) with the purpose of influencing the recipient doing something that relates to public interest in favor of the party providing the bribe.
According to the law, any hospitality expense with gifts and meals given to public officers, governmental servants, or anyone with an authoritative position over the matter of public interest, is potentially a bribe.
Once found guilty, the public officials receiving a bribe will have to face one or more of the following penalties under the Indonesian Criminal Code. In addition, these penalties apply to all briberies performed in Indonesia and outside Indonesia:
Based on Article 12C of the Indonesian Anti-Corruption Law, recipients of gratifications can avoid prosecution if he or she reports such potential bribery to KPK (Indonesian Corruption Eradication Commission) immediately.
The reform initiatives include the international cooperation of Indonesia with many foreign regulators, with the introduction of corporate liability and a robust support of Indonesia’s primary anti-bribery and corruption body KPK. All these efforts have indicated the country’s strong intention to battle corruption and to keep up the international standards of being one of the most potential places globally to do business.
It is obvious that the reform initiatives have been working – as of 2017, Indonesia has climbed 18 places in four years in the Transparency International Corruption Perceptions Index (CPI). This is definitely a great sign that Indonesia is making great strides in the fight against corruption and bribery of their civil servants and public officials.
The improvement can be seen by several investigations conducted by KPK. For the most recent case of corruption involving the procurement arrangements for the electronic national identity card (e-KTP) project, Setya Novanto, the former speaker of the House of Representatives and the past chairman of Golkar Party, was sentenced to 15 years’ of jail time with a US$7.3 million fine for his corruption act in the e-KTP scandal.
Of course, although the results have been encouraging, there remains a lot to be done on the anti-corruption legislations and their enforcement in order to lower the risks of foreigners and local nationals investing in Indonesia.
The online process for investment and business applications that have been implemented recently in Indonesia has lowered the guard of most companies and investors. This allows most processes to be done online through a secure system without the involvement of corrupt personnel.
In addition to that, KPK launched a new initiative in 2016 known as Professional with Integrity Movement (Profit Movement). This initiative was designed to help businesses get rid of corruptive practices and improve the compliance systems in organizations – especially in the private sector that accounts for 80% of the corruption cases investigated by KPK.
As investors or business owners in Indonesia, you don’t ever need to worry about corruption and bribery through the services provided by Cekindo. We help you assess and identify the risks that you may expose your business and investment to, and act with confidence around those risks with prevention and solutions. Contact Cekindo for more information on doing business 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.