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.
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.
As the fourth most populous country in the world, Indonesia healthcare system faces growing rates of heart disease, diabetes and other non-communicable diseases. It also has the highest rate of malnutrition (40%) among children in the ASEAN region, as cited in the 2019 UNICEF report.
Indonesia has allocated US$3.5 billion of its 2021 budget to fund its universal healthcare coverage, depicting the government’s urgency to strengthen the Indonesian healthcare market. Indonesia’s universal health coverage started a short 6 years ago and is known as BPJS locally. It is the world’s largest universal health insurance program that covers over 200 million people, and is in need of some serious improvement.
BPJS which covers medical services ranging from simple dental check-ups to more serious procedures has made healthcare services more accessible to its citizens, thus increasing its demand and general awareness of caring for one’s health condition. However, the shortage of doctors and hospital beds remain one of the biggest challenges – there are 0.4 doctors and 1.17 beds per 1,000 inhabitants, the lowest rate in ASEAN. This poses a problem for healthcare accessibility in the country.
But, given the rising demand for healthcare services and the recent deregulation around the healthcare sector, this opens an opportune moment for foreign investors to fill this shortfall.
To solve this complication, in March 2021, the Indonesian government lifted limitations on foreign investment in healthcare-related sectors through its Positive Investment List.
Here are some of the important changes that were introduced.
Although the recent regulation did not specifically mention digital healthcare, it is worth noting its growth, as it increases healthcare accessibility, hence, paving the way for many business lines in the sector to grow.
According to Australia-based AsiaLink Business, digital healthcare revenues in Indonesia are expected to reach $973 million by 2023 at a Compound annual growth rate (CAGR) of 60%. The rapid growth of digital healthcare platforms seems reasonable given Indonesia’s high internet penetration rate of 64.8%. It is expected to reach 89.3% by 2025, with over 200 million users.
Also, some industry players are confident of this projection as health-consciousness among Indonesians is on the rise. According to a report by Food Industry Asia, approximately 99% of Indonesians show interest in improving their diets and approximately 89% are happy for products to be reformulated.
Given its current conditions, digital health platforms appear to be the most practical and innovative solution to increasing Indonesia’s universal healthcare program, in terms of accessibility.
The spectrum of digital services in the field of healthcare is vast. Hence, it has been classified into three major segments, according to the market research conducted by KEN Research:
1. E-Pharmacy Market: In 2020, e-Pharmacy players made up 3% of Indonesia’s pharmaceutical sector, the total revenue of the sector was at US$6 billion. The sector is projected to grow 10% this year. E-pharmacies could play a bigger part as social distancing has forced many consumers to adopt and become accustomed to its services.
2. Online Consultation and Appointment Booking Market: By March 2020, digital healthcare providers have witnessed more than 61 million patients visit their website for virtual medical assistance. According to research by McKinsey and Company, around 44% of people who dropped their in-person routine appointments were looking forward to online consultation and 24% received appropriate care.
3. Healthcare IT Solutions Market: A rapid growth of Indonesia’s digital health ecosystem opens the opportunity for software developers to tap into this emerging sector. According to Ken Research, Indonesia’s hospitals, clinics and pharmacies are becoming the end users for healthcare management systems (HMS), Medical practice management software (PMS), as well as electronic medical records (EMR) to provide their own digital health solutions.
It is quite evident from the growth in these 3 segments that Indonesia is witnessing a shift from traditional to online health services. International businesses entering the market can contribute towards its growth in the future.
With colossal market potential, numerous reforms and considerable support from the government, foreign investment in the Indonesian healthcare sector is more favorable than ever. However, breaking into a new market overseas might be intimidating. Cekindo offers a comprehensive range of solutions to ease the registration process and help you create a viable roadmap for your business.
Our experienced legal advisors will assist in all statutory and regulatory aspects of your investment. Experts at Cekindo also help in carrying out Due Diligence activities to help you assess the credibility of the company or partner you want to invest in or work with.
To know more about how Cekindo’s solutions can help you register your company in Indonesia, please fill out the form below or talk to an expert on our chatbot.
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