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.
Video and internet games have gained massive attention across the globe as people are refraining from playing traditional sports due to Covid -19 restrictions. Thus, boosting the mobile video games industry from USD 61.3 billion in 2019 to USD 98 billion in 2020. China is a major country that has significantly contributed to the global gaming industry.
China’s online gaming business is exploding in popularity; firms from all over have been buying Chinese company stocks or sponsoring elite eSports gamers. As a result, the online game market in China was estimated at USD 58 billion in 2020 and is anticipated to reach approx. US$86 billion by 2027.
However, some of China’s mobile game creators’ most considerable download numbers came from Indonesia, thousands of kilometers away from their country.
Over 270 million people live on Asia’s biggest archipelago, where Made in China games are the top three sellers. After it had been downloaded over 100 million times by January last year, “Mobile Legends: Bang Bang” is still number one on Apple’s iOS App Store. However, the game in China has not yet been released.
Such insights convey that setting up a gaming company in Indonesia might be a viable alternative for Chinese game makers as the Chinese Government tightens its regulations on the gaming industry.
In 2000, the Chinese State Council passed a measure to control video game content in the country. As a result, underage players were limited in the time they may spend playing online games in internet cafés and arcades as part of a government initiative to combat what was perceived as a gaming epidemic.
Furthermore, from March 2018 to April 2019, there was a significant revision of the regulations and licensing of digital games in China, including:
Recently, Chinese authorities also imposed strict limits on the time young people can spend playing online games. For example, people under 18 can only play games from 8-9 PM on Fridays, Saturdays, Sundays, and public holidays.
As a result of these tighter regulations, many new Chinese gaming firms have changed their strategy to focus on the Indonesia gaming market and leverage its potential.
Indonesia’s gaming market is ranked 17th in the world, and first in Southeast Asia, with an estimated USD 1.1 billion in sales in January 2019. According to the Indonesian Gaming Association (AGI), the local gaming sector is growing at 37% annually, more significant than other Southeast Asian nations.
Limelight Networks’ report states that Indonesians spent roughly 8.54 hours/week playing video games, slightly above the global average of 8.45 hours/week. However, this number places Indonesia fourth below China, Vietnam, and India.
A Window Opportunity in Indonesia Gaming Market for Chinese Developers
The following factors have contributed to the positive performance of the Indonesia gaming market in the past several years:
An estimated 89.2% of Indonesians will own a smartphone by 2025. The proportion of smartphone users in rural regions has also risen from 47.3% in 2015 to approximately 55% in 2019, while already dominant in urban areas. In January 2021, Indonesia had a total of 202.6 million Internet users. Between 2020 and 2021, the number of internet users in Indonesia rose by 27 million (+16%).
Hence, it is pretty evident that online mobile gaming will continue to dominate the Indonesia gaming market due to the increasing number of smartphones and internet users.
Indonesia mainly drives Southeast Asia’s esports sector. In 2021, Southeast Asia will have 274.5 million gamers, with Indonesia accounting for 43% of this total. Indonesia’s eSports industry generated a total of USD 2.08 billion. Moreover, Indonesian gamers conduct in-game transactions one to three times a month, presenting an ideal opportunity for eSports to collaborate with financial institutions for greater returns.
The Indonesian Government reassures that eSports will benefit the country’s economy and athletes’ performance. Therefore, in addition to teaching, the Government is beginning to establish rules to promote the development of eSports, including licensing and other requirements.
The Government also supports E-sports events and competitions. Therefore, it has been decided that the ministry will continue to educate the public and create an awareness of e-sports, which have comparable values and principles to traditional sports.
Telkom, Indonesia’s state-owned enterprise, reports that domestic gaming only controls a 0.4% market share in the country. Due to a shortage of investment and a scarcity of game developers, the number of local gaming firms is stagnant.
To solve this problem, the Indonesian Government acknowledges video game creation as one of the promising sectors to attract foreign investment. It was then listed in the latest Positive Investment List to combat the lack of investment in the gaming sector.
Several incentives will be available to investors tapping into the Indonesia gaming market:
Business setup services offered by InCorp Indonesia (formerly Cekindo) include incorporation of a new company, legal consulting, and bookkeeping.
Foreign investors are assisted in getting business permits by our experts before company formation, and our experts properly follow up their due diligence and market research. HR, tax, and accounting are just a few of our vast services once the company is operational.
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.