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.
The parliament of Indonesia passed the Indonesian 2020 state budget in September, allocating US$180 billion for the government next year – a 3% increase from 2019 budget – to prevent economic decline caused by global trade war and recession risk in developed countries.
As the world’s tenth largest and Southeast Asia’s largest economy, Indonesia has set a budget deficit target of US$22 billion for 2020, about 1.76% of GDP, which is lower than the 2019 budget deficit of 1.94%. The approval of the 2020 state budget also serves as the government’s intention to improve the domestic economic landscape by investing in infrastructure, human capital and non-corrupted and efficient bureaucracy.
The following are six of the important changes in the 2020 state budget that all Indonesian citizens and taxpayers should pay attention to.
1. New Social Security Cards
The new 2020 state budget allows the government to provide three new social security cards for Indonesians with low income. They are the College Smart Indonesia Card (KIP Kuliah), Pre-Employment Card and Basic Food Card.
The government has set aside US$473 million to provide KIP Kuliah card to 818,000 students. Complementing the current Smart Indonesia Card (KIP) that helps low-income students to enroll in primary and secondary schools, KIP Kuliah also aims to assist students with low income to enter tertiary education.
As for Pre-Employment Card, the Indonesian government has designated US$700 million to provide approximately two million people with this card. Workers with low income or job seekers can make use of this card to participate in vocational training or obtain other certifications.
Also, Basic Food Card will give food subsidies to 15.6 million low-income households to alleviate poverty, with approximately US$2 billion allocation from the government.
One thing that is worth mentioning is that the Basic Food Cards, along with housing credit programs and cash handouts for housing installments, are actually part of a bigger strategy of the government to enhance agricultural productivity. An amount of US$1.87 billion will be allocated to give 16.2 million farmers with fertiliser subsidy.
2. Income Tax and Value-added Tax Cuts
Tax cuts for income tax and value-added tax (VAT) are part of the 2020 state budget for the purpose to boost tax income from both taxes to US$114 billion this year, a 12% increase. This is achieved by encouraging more investments through tax incentives in both income tax and VAT.
In the income tax category, tax rate for research and vocational training related activities will be reduced. Besides, US$35 million of tax exemptions are available for investments and tax allowances will be provided to regional companies for investments.
VAT cuts are eligible for strategic goods imports, for instance, factory equipment and machinery. VAT for mass transportation vehicles, including trains, vessels, and aircrafts will not be collected as well.
3. Decrease in Total Subsidies
The total amount set aside for subsidies in 2020 state budget of Indonesia is approximately US$8.8 billion, a decrease of 14%. The drop in total subsidies is achieved by selecting the eligible electricity subsidy recipients. Only households with electricity connections of 450 and 900 Volt Ampere will receive subsidies from the government.
4. Budget Increase for Villages
Villages will get 5.2% more budget in 2020, a sum of US$60 billion. These funds will be used in villages’ infrastructure construction for healthcare, education, roads, and clean water.
5. Budget Increase in Defense and the Police
The largest budget increase is seen in the Defense Ministry and National Police – 20% increase for Defense Ministry with a total budget of US$9.2 billion; and 11% increase for National Police with a total fund of US$7.3 billion.
6. Budget Cut in Healthcare
The Ministry of Health is one of the very few ministries that has a budget decrease. The budget allocation will be reduced from US$28 billion to US$4 billion.
Before entering the Indonesian market and running a business in the country, you should load yourself with a pack of knowledge and the latest business updates. Talk to us should you need further information on the business environment in Indonesia.
Furthermore, we have a team that comprises experienced legal specialists and professional business consultants to assist you in penetrating the market. From company registration and product registration to business process outsourcing and immigration services, we offer one-stop market-entry and corporate solutions that can be tailored to satisfy your unique business requirements.
Fill in the form below to discuss your needs or visit us directly in our offices in Jakarta, Bali and Semarang.