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.
When you think of the startup scene in Asia, Singapore will definitely come to mind, especially with its tech ecosystem that is on the rise. Singapore is one the most preferred countries in Southeast Asia for investors from all over the world to establish tech companies. The country is wealthy with a talent pool that is young and highly educated and qualified.
Now, the government has also put in measures in an effort to develop Singapore to become the world’s first “Smart Nation”. This initiative is carried out by the Infocomm Development Authority of Singapore (IDA). IDA aims to create an innovation-driven economy where tech startups can instill great innovation and dynamic into the already prosperous tech ecosystem.CEO of Hewlett Packard even named this flourishing technology hub as the miniature Silicon Valley in Southeast Asia.
It’s not hard to see why Singapore has become an irresistible magnet to big tech corporations and tech startups from around the world. So are you ready to join other aspiring tech businesses in this lucrative Asian marketplace? In this article, we’re going to provide you with a simple guide on how to start a tech business in Singapore.
Here are some of the factors why so many tech businesses set their foot in Singapore and make the country a world-recognised tech hub.
Strategic Location and Transparency
Singapore’s strategic location at the centre of Asia and its complete transport infrastructure make it connect to every part of the globe. Most cities in China, New York in the United States and Sydney in Australia are the most connected to Singapore.
The consistent regulations and transparency are part of the efforts of the Singaporean government, making the country trustworthy and attractive to international businesses.
Friendly Digital Trade
Singapore is one of the influential peddlers of the ASEAN-Australia Digital Trade Frameworks Initiative. The purpose of this initiative is to implement a legal framework for digital money, e-commerce, data management and IP protection.
The enforcement of the digital trade frameworks with rigorous IP protection will give multinational firms more confidence of their investments in Singapore.
Great Talent Pool and Human Capital
In order for a tech business to be successful, people are one of the most important factors. In Singapore, there are definitely no lack of highly-skilled talent pool and human capital. According to the Global Talent Competitiveness Index, Singapore ranks 2nd in the world for attracting talent.
Apart from the diverse skills the people have, English is well-spoken in Singapore and the country has the world’s most prestigious universities.
Several Free Trade Agreements (FTAs)
Though just a small country, Singapore has signed a total of 22 bi-lateral and regional FTAs. The most recent ones include the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and the European Union-Singapore Free Trade Agreement (EUSFTA). These newly signed deals aims to promote the digital trade and the platform economy.
A holding company is often considered the best option for tech business in Singapore. Singapore is the hottest place where tech start-ups and companies are mushrooming. Furthermore, Singapore was ranked first in digital infrastructure in the Economist Intelligence Unit’s latest Asian Digital Transformation Index.
Some of the most noteworthy advantages are listed below:
Easy to set up
Setting up a holding company, or any company in general, is quite easy and quick in Singapore, especially with assistance from a business incorporation specialist.
Singapore’s image for attracting potential investors
Singapore is one of the strongest economies within SEA, with strong political governance and a highly qualified workforce, added with anti money laundering regulations that will encourage confidence from investors.
Avoiding double taxation
You would not have to worry about double taxation because Singapore has signed Double Taxation agreements with slightly over 100 countries, although the details may vary between one country and another. Despite this, you can have peace of mind about not having to deal with double taxation.
Attractive tax rates
The country is known for its attractive corporate tax rate at 17%. If the holding company has an additional commercial activity, the effective tax rate after exemptions can be lower than 17%. Tax exemptions can be obtained on foreign source income if the requirements are met. Another compelling reason to establish a holding company is that Singapore does not have capital gains tax and dividends tax.
A holding company can be used to reduce the risk incurred by owners who own shares and control other tech companies through the holding company. The obligations of the owners of holding company are limited to the shares or assets that they have invested in the subsidiary.
Below is the brief procedure on how you can establish a holding company in Singapore:
In Singapore, all tech companies are required to meet the following mandatory requirements:
If you require further information on how to incorporate your tech business in Singapore, get in touch with us. Our team in Singapore is more than happy to provide you with expert insights on setting up a holding company.
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