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.
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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.
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.
In this article, Cekindo will tell you why you should invest in Balikpapan when it comes to doing business and investing in Indonesia and guide you on how to set up a business in Balikpapan.
Located on the south eastern coast of East Kalimantan in Indonesia, Balikpapan is a seaport city facing the Makassar Straits.
Being one of the Indonesia’s most bustling cities with abundant natural resource, Balikpapan is well-known for its oil, coal and mining industries. The dynamic oil, coal, mining and other emerging industries are the reasons almost all domestic flights go to Balikpapan instead of its capital city Samarinda.
With a population of over 736,000 and the rapid development of infrastructure and digital scene, Balikpapan is an intriguing mix of business hub and stopover destination.
There is a bright prospect for investment opportunities in Balikpapan. Big plans are going on such as infrastructure development, refinery expansion and digital-based business evolution.
Here are the reasons, in elaboration, that you should invest in Balikpapan:
Infrastructure Development
The construction of Balikpapan-Samarinda toll road is one of the biggest projects in Balikpapan. This project is currently underway and this is part of the Indonesian government’s plan to create 1,000 kilometers of additional toll roads by the end of 2019. Currently, the toll road network in Indonesia spans 950 kilometers across the country.
With an estimated investment amount of US$985 million (IDR13.1 trillion), the Balikpapan-Samarinda toll road is designed as 99 kilometers long between Balikpapan and Samarinda. The construction of this toll road is funded by the Indonesian government as well as through loans from China.
Part of the project is also open for private sector investments. Once complete, this toll road is expected to decrease the travel time between Samarinda and Balikpapan from three hours to one hour.
Refinery Development Master Plan (RDMP)
In order to enhance the product and boost the competitive edge of competitiveness of refineries in Indonesia, RDMP is created to revamp the five existing refineries in Balikpapan (East Kalimantan), Cilacap (Central Java), Balongan (West Java), Dumai (Riau), and Plaju (South Sumatra).
The RDMP also aims to meet the fuel demand in cities in Indonesia including Balikpapan. Only by growing the refinery industry will be able to achieve the energy security goal in the country. By coinciding with the newly introduced Grass Root Refinery project, the completion of RDMP is expected to boost the fuel production by 150%.
Digital-based Business Expansion
Balikpapan is now considered one of the most active digital application user cities in Indonesia. As a result, this promotes the expansion of digital businesses in the city.
One of the largest digital applications in Indonesia, Go-Jek, plans to expand their services to Balikpapan including online transportation, food delivery, logistics and digital payment.
Therefore, it is not surprising to see that with the massive use of digital applications in Balikpapan, more and more businesses will leverage on this trend and emerge. The digital evolution in Balikpapan is particularly advantageous for micro, small and medium businesses.
In general, foreign investors should know the three types of legal entities in Balikpapan:
Foreign-Owned Company (PT PMA)
A foreign-owned company in Balikpapan can be owned by foreign investors. Only PT PMA allows 100% foreign ownership. The percentage of ownership, however, is based on the business sector that you’re in. You can refer to the restrictions in the Negative Investment List (contact Cekindo for details).
A foreign investor must meet the below requirements in order to set up a PT PMA in Balikpapan:
Local Company (PT)
A local company is the easiest entity to set up. A foreigner is not allowed to own a local company. However, you do not have to worry if you are interested in establishing a PT.
You can start doing business in Balikpapan through Special Purpose Vehicle arrangement that provides professional shareholders/commissioners/directors to have 100% of the company ownership.
Representative Office
A representative office is often used by overseas parent company to test the market and establish its presence in Indonesia. The main purpose of this entity is to do market research, but not to perform any profit-generating business activities.
Once your brand has established its presence in the country, you can opt to establish either a local company PT or a foreign company PT PMA.
Having assisted numerous clients with business incorporation in Indonesia, our team of professional business consultants and legal specialists is now ready to assist you to enter the Indonesian market.
If you are unsure about the best legal entity for your business needs or should you require further guidance on business establishment process in Balikpapan or in other cities in Indonesia, get in touch with us. Fill in the form below and we will get back to you shortly.
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