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 global pharmaceutical sector has been a focal point in the coronavirus crisis since it played a critical role in the development of the COVID-19 vaccine. Moreover, an economy cannot function and flourish without being backed by physically fit individuals. Hence the pharmaceutical industry in Indonesia assumes prime significance.
The Indonesian government is inclined to see the national pharmaceutical sector expand because it has remained heavily reliant on raw material imports, putting significant strain on the country’s trade balance, current account balance, and rupiah exchange rate. In its bid to increase domestic production in the pharmaceutical industry, the government has pivoted towards global investment.
Moreover, a rising number of Indonesians are devoting more of their disposable income to healthcare, the country’s reliance on imported raw materials is only going to expand if the domestic raw material output is not boosted.
According to the Indonesian Ministry of Health, there are 241 drug manufacturing businesses, 17 pharmaceutical raw drug industries, 132 traditional medicine industries, and 18 natural product extract industries in Indonesia as of 2021.
The Indonesian pharmaceutical industry, for example, accounts for 27% of the whole ASEAN pharmaceutical industry. The majority of these businesses are involved in the formulation or production of pharmaceuticals, however, for ascertaining raw materials Indonesia continues to be heavily reliant on imports from other countries. Consequently, investing in pharmaceutical raw materials in Indonesia presents a lot of lucrative prospects.
The government has decided to speed up the licensing procedure for medical equipment suppliers to assist Indonesia in combating the COVID-19 pandemic. By using the Indonesian Investment Coordinating Board (BKPM)’s Online Single Submission (OSS) and maximizing monitoring through the BKPM Investment Control and Command Center (Pusat Kopi BKPM), the license may now be obtained in less than 24 hours.
To lessen its reliance on imported pharmaceutical raw materials, the Indonesian government permitted foreign investors to own 100% of their investment in its pharmaceutical industry. According to the Positive Investment List, the following are some of the pharmaceutical-related company operations that are available for 100% ownership:
MOI Regulation No.16 of 2020 outlines the components of the local content level for pharmaceutical finished goods and raw materials, as well as the mechanism for calculating it. It also lays out the steps for obtaining a certificate indicating the level of local content in pharmaceutical products.
When evaluating the local content level of local pharmaceutical manufacturing operations, the following are the key elements to consider:
The local content of pharmaceutical products is calculated using four factors such as raw materials, research and development, manufacturing process, and packaging.
For the computation of total local content, each component is further divided down into sub-components with varying weight values, as follows:
The Ministry Of Industry (MOI) has the right to provide a local content certificate for pharmaceutical products, according to MOI Reg. 16/2020. The relevant pharmaceutical manufacturing company (“PMC”) will first determine the local content level manually. The PMC may submit an application to the Directorate General of Chemical, Pharmaceutical, and Textile Industry (“Directorate General”), through the MOI’s Public Services Unit (“PSU”), for verification of the local content calculation, including the following documents:
Within one business day of the PMC submitting the necessary papers, the PSU will check that they are complete and shall transmit the application to the Directorate General. Within five business days of receiving the application from the PSU, the Directorate General will issue a letter approving the computation of the local content level if there are no issues with the application.
When the PMC receives the permission letter, it must forward it to an independent assessor authorized by the MOI to validate the local content estimate. The independent assessor will notify the Center for the Utilization of Domestic Products, which will provide the local content certificate within five working days if the verification result matches the PMC’s computation. The certificate for local content is valid for two years.
While making an investment in Indonesia’s pharmaceuticals industry, Cekindo will provide you with a seamless company registration experience. Our license specialists can assist you in a hassle-free acquisition of business licenses.
Moreover, Cekindo’s can assist you in your product registration. Furthermore, Cekindo provides tax and accounting services and can act as your HR entity to carry out HR and recruitment services to help cut overhead costs of setting up a department.
An expert for more than 10 years, Pandu Biasramadhan, has an extensive background in providing top-quality and comprehensive business solutions for enterprises in Indonesia and managing regional partnership channels across Southeast Asia.