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.
The Indonesian government continues to push for financial inclusion amongst Indonesian citizens. Due to the Indonesian government’s driving force, over 167 financial technology (fintech) companies operating in Indonesia have seen notable growth. Aside from that, such inclusion could be attributed to the general Indonesian population that is getting familiar with technological advances, such as having access to the internet and own mobile subscriptions.
Being an archipelagic country, Indonesia often faces difficulties providing banking services to remote areas; thus, providing fintech companies with room for growth might be appropriate to cater to the situation. Also, Indonesia is actively transitioning to a cashless society. This plan then further supports the development of fintech companies.
Since 2018, the country has seen a significant increase in the value of investments made in the fintech sector. Indonesia is home to approximately 300 fintech startups. The pandemic proved to be a blessing in disguise as it has fuelled Indonesia’s fintech sector with over 77 new deals valued at USD 329 million.
The fintech sector has also seen a number of mergers and acquisitions within it, posing as big deals and birthing successful unicorns from it. These consolidations are often done as companies identify prominent competitors and allies that would hinder or support their growth.
Indonesia is home to 63 million small and medium enterprises primarily looking to digitize their operations and improve productivity. They often opt to do so, allowing fintech companies to reach newer heights. Taking all these factors together would enable us to deduce that Indonesia is one of the world’s most prominent fintech ecosystems. It may also be worth noting that there are still untapped markets that are open for continuous growth.
As a whole, the industry is regulated by two entities – Bank Indonesia and Otoritas Jasa Keuangan. Where the central bank, Bank Indonesia, regulates fintech companies relating to payments, the Otoritas Jasa Keuangan, or Financial Services Authority, handles the regulations for entities that provide services such as digital banking, crowdfunding, P2P lending, and others.
Fintech companies looking to establish themselves should look into the OJK Regulation No. 13/POJK.02/2018 which acts as a legal umbrella for all types of fintech companies. The regulation is designed to highlight the responsibilities for digital finance innovation. Aside from the regulation, as mentioned earlier, several other regulations are specifically aimed at and govern various sectors and fintech products available in Indonesia.
Most of them take the form of an OJK Regulation released sometime between 2016 and 2018. Fintech companies looking to operate in Indonesia must first register themselves to the Financial Services Authority before further securing the permit. It is integral for companies to secure the permit within 12 months after successfully registering themselves. The registration process may often be tedious, especially for foreign companies unfamiliar with domestic laws. InCorp is available to provide special assistance regarding such matters.
The immense growth seen in the fintech market implies that the risks faced by the same are definitely something to note. Regulations surrounding the financial sector are becoming increasingly complex to avoid fraud and other risks. The most prominent one would be regarding data protection. Fintech companies are often in possession of significant amounts of data regarding their existing or potential customers. They, therefore, must ensure compliance with data protection laws to protect all parties involved.
Also, fintech companies that use distributed ledger technology that allows for synchronized digital data to be utilized and spread across many sites and institutions would face major legal risks. This is because distributed ledger technology often operates across various jurisdictions and may be subjected to conflicting regulations, leading to high legal uncertainty.
Fintech companies that utilize Robo-advisors or automated portfolio management service makes it tricky to identify the liability shared between the parties involved for the Robo-advisors’ activities. Storing large amounts of data by entrusting cloud service providers would also be tricky as failures by the providers to provide transparency could pose legal and security risks that would have repercussions across jurisdictions.
There is a dire need for institutions to assess and verify compliance with the minimum standard of transparency required by the regulations. It may be wise to conduct legal consultations with InCorp personnel before establishing in Indonesia to ensure effective legal risk mitigation by filling out the form below.
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.
We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website.