InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
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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.
Applying for a B3 waste permit in Indonesia is important to ensure your business aligns with government regulations.
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.
Our expert consultants on tax reporting services in Indonesia ensure prompt fulfillment of administrative obligations with utmost accuracy.
Streamline your global business operations with a Global Mobility Service as one complete solution from InCorp Indonesia.
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 countrys 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.
If you’re a member of the Indonesian diaspora and have lost your citizenship, you can get a diaspora visa to return home more quickly. InCorp Indonesia can help you take full advantage of this benefit.
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.
Learn more about the SNI 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.
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 offers a huge opportunity for online shopping. It’s predicted that in 2029, the industry will be worth USD 95.84 billion. This means that Indonesia could be a leader in digital business in Southeast Asia.
However, there are challenges that need to be overcome, and it’s important to take advantage of the unique opportunities available to make this happen.
The estimated value of the Indonesian e-commerce market in 2024 is USD 58.43 billion. This figure is expected to soar to USD 95.84 billion by 2029, representing a remarkable compound annual growth rate (CAGR) of 10.40% throughout the forecast period (2024-2029).
In 2023, Indonesia’s e-commerce sector saw transactions totaling IDR 453.75 trillion (USD 29 billion). Although the 2022 figure of IDR 475.3 trillion decreased slightly by 4.73%, the sector demonstrated strong growth in transaction volume, reaching 3.71 billion transactions compared to 3.49 billion in 2022.
Digital banking services also showed positive momentum, experiencing a 13.48% year-on-year increase in transaction value, reaching IDR 58,478.24 trillion in 2023. Projections for this year suggest that digital banking transactions are expected to reach IDR 63,803.77 trillion.
Digital payment platform transactions surged 43.45% year-on-year, totaling IDR 835.84 trillion in 2023. Reflecting the government’s emphasis on digitalization, the use of QR codes in domestic and cross-border transactions increased by 130% yearly, reaching IDR 229.96 trillion.
Indonesia’s e-commerce market is growing rapidly, and many companies compete to be the top players. Simply put, e-commerce is when you buy and sell things online, like websites or apps.
Indonesia has well-known e-commerce companies such as Tokopedia, Shopee, and Lazada. These companies provide a broad selection of products ranging from fashion to electronics, making it convenient for people to purchase what they need from the comfort of their own homes.
Tokopedia reigns supreme, boasting a market share of 33.5% as of Q3 2023.
Its user-friendly interface, diverse product offerings, and focus on local sellers have made it the go-to platform for millions of Indonesians.
Closing the gap with impressive growth, Shopee holds a 28.7% market share.
Its strategic partnerships, aggressive marketing campaigns, and focus on mobile shopping have propelled it to become a significant force in the market.
Backed by Alibaba, Lazada holds a 16.1% market share. Its focus on premium brands and established retailers cater to a different segment than Tokopedia and Shopee.
Blibli occupies a niche with a 10.2% market share. It focuses on curated products from reputable brands, catering to a more discerning customer seeking quality and authenticity.
With a 7.2% market share, Bukalapak holds a strong position in the Indonesian market. Its focus on local sellers and community-driven features has resonated with a loyal customer base.
The e-commerce market in Indonesia is experiencing significant growth, which can be attributed to several factors. One such factor is the surge in the penetration rate of smartphones and the internet, which has increased from 64% in 2020 to 73.7% in the past year.
This upward trend aligns with the government’s support, especially for micro-SMEs through B2B channels. This reflects President Joko Widodo’s vision for a seamless transition to a digital economy.
Global interest in Indonesia’s e-commerce landscape is apparent, as evidenced by significant investments from companies like Amazon. In October 2021, Amazon injected USD 87 billion into Southeast Asia’s e-commerce sector, with a notable focus on the Indonesian startup Ula.
Indonesia’s e-commerce market is regulated by several laws, which include No. 7/2014 on Trade, Government Regulation No. 71/2019, Government Regulation No. 80/2019, and Minister of Trade Regulation No. 50/2020.
If an e-commerce platform outside of Indonesia carries out more than 1,000 transactions per year, it is required to set up a Representative Office in the country.
The COVID-19 pandemic has caused a significant rise in e-commerce in Indonesia. Due to social distancing measures, people turn to online platforms for food delivery and consumer electronics services. The Ministry of Cooperatives and SMEs has reported that the number of SMEs using online platforms has increased to 10.2 million during the pandemic.
For those interested in setting up online businesses in Indonesia, there are some important things to remember. These include various aspects related to e-commerce business that need to be considered.
In e-commerce, leading companies such as Shopee, Tokopedia, and Lazada dominate the broad marketplace category. However, there is growing interest in segments like B2B marketplaces, e-commerce facilitators, and specialized direct-to-consumer (D2C) commerce.
Indonesia holds vast potential for D2C, thanks to its rapidly growing young and productive population. This demographic ensures a continuously expanding market with increasing consumer demands.
Investor attention has turned toward select beauty brands, including Rose All Day Cosmetics (RADC), supported by AC Ventures, and From This Island, reportedly receiving investment from Alpha JWC Ventures recently.
Local beauty brands are intriguing due to their diverse pricing and product categories. Each boasts a standout product. Many companies are venturing into private labels within this sector, where they can achieve higher profit margins.
According to investors, social commerce, which leverages community networks and social media platforms for product and service sales, holds promising potential. The Indonesian social commerce market is anticipated to reach nearly USD 90 billion by 2028.
Notable startups like Evermos and Super focus on tier-2 and tier-3 cities in Indonesia, which have substantial untapped markets for online shopping. These cities attract businesses and investors as they represent the country’s mass markets.
However, companies that want to expand into these regions must adapt their strategies and business models to suit the unique characteristics of these areas.
In November 2019, the Indonesian government introduced Government Regulation 80 of 2019 (GR 80, 2019) to enhance the oversight of internet-based and electronic trading activities in the e-commerce sector and ensure tax compliance.
A recent implementing regulation, a revision of Minister Trade Regulation No. 50/2020 (MR 50/2020), now bans e-commerce platforms from selling certain foreign goods valued under USD 100.
These products must meet Indonesian standards, such as the Indonesian National Standard (SNI) and Food and Drug Supervisory Agency (BPOM) requirements, which mirror offline market standards.
In addition, Minister Trade Regulation No 31/2023, released on September 26, 2023, prohibits the sale of goods on social media platforms. Social commerce platforms have been given a one-week deadline to comply with new regulations to prevent competition between large platforms and small businesses.
While advertising on social media is permitted, direct sales transactions are not. Non-compliance may result in warnings and, eventually, the revocation of the Indonesian business license.
E-commerce in Indonesia demonstrates significant potential, prompting the government to introduce various efforts to fortify its regulatory landscape. Recognizing the complexities of legal aspects in this dynamic sector, InCorp Indonesia provides valuable support through legal compliance and tax consulting services.
Our expert team will ensure you can navigate the complexities effortlessly while remaining compliant with the relevant laws.
Edy Tarlesno holds various certifications and a respectable degree to be an expert on internal and external legal compliance in Indonesia. His experience starts from bankruptcy and insolvency, leading to a prominent social foundation consultancy in Indonesia.
Disclaimer: The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind.
We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials.
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