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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 todays 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.
Starting a pharmaceutical company shows great potential for your business venture. According to Global Data, patented drugs command the lion’s market share. Furthermore, the forecast predicts substantial growth in the therapeutic sector, particularly in respiratory and infectious diseases, owing to the rising incidence of communicable diseases.
Another sector experiencing rapid expansion is the generic drug market, thanks to various government incentives and the expiration of patent protection for several products. Thus, venturing into the wholesale pharmacy business in Indonesia presents a promising investment opportunity.
However, embarking on this journey requires more than just enthusiasm. Success in today’s competitive market demands rigorous research, unwavering determination, and relentless hard work. To guide you through this process, InCorp has prepared a comprehensive guide to get you up to speed.
The pharmaceutical industry in Indonesia has witnessed remarkable growth in recent years. Therefore, it is inevitable that Indonesia will continue this upward trajectory. The market value is projected to reach US$9.9 billion by 2020. It boasts a compound annual growth rate of 10.2%. One of which comes from pharmaceutical companies in Indonesia.
The recent growth rate nearly doubles the 2013 market value of US$5 billion. Several factors contribute to the flourishing pharmaceutical industry in Indonesia. Among these is the increasing life expectancy of the population and a surge in governmental healthcare spending, both of which have fueled demand for pharmaceutical products.
Read more: Product Registration in Indonesia: How to Register Products via BPOM
Starting a pharmaceutical business in Indonesia can be rewarding, given the booming industry and growing healthcare needs. However, navigating the regulatory landscape and meeting specific requirements is essential to ensure a successful launch. Here’s a brief guide on how to get started:
Familiarize yourself with Indonesia’s regulations, including the Negative Investment List, which outlines foreign ownership restrictions. Notably, the wholesale pharmacy sector is open to 100% foreign ownership.
Ensure you have a qualified pharmacist as a permanent employee and establish necessary facilities, including an office, storage building, and, if applicable, a laboratory for drug testing.
Obtain essential permits, such as a standard trade business license (SIUP), pharmacy distribution certificate, and drug distribution method certificate.
Utilize the Online Single Submission (OSS) system and collaborate with the Ministry of Health and the Indonesian Food and Drug Authority (BPOM) to apply for certificates.
For foreign investors eyeing the pharmaceutical market in Indonesia, it’s crucial to understand the regulatory landscape. Under the Positive Investment List, most Pharmaceutical Companies in Indonesia are either entirely restricted or partially open to foreign ownership. However, there is an exception. It’s the wholesale pharmacy business.
The wholesale pharmacy sector is stated in the Positive Investment List. Therefore, starting pharmaceutical companies in Indonesia is showing great potential for investors. The industry is also open to 100% foreign ownership. It’s important to note that this distinction does not extend to the wholesale drug material sector, where foreign ownership is restricted.
As per Minister of Health Regulation No. 34/2014, limited liability companies or cooperatives are the only permissible legal entities for the wholesale pharmacy category.
Read more: How to Obtain Local Content Certificate for Pharmaceutical Products in Indonesia
To establish a limited liability company or cooperative in the Indonesian pharmaceutical industry, you must meet specific requirements:
You are mandated to employ a permanent pharmacist who will oversee your pharmaceutical operations.
Your business must have a dedicated office and storage building for its activities. If you plan to sell drug materials, you’ll also need a laboratory for conducting drug tests and a storage facility to store these materials.
Acquiring the necessary permits to operate your business legally is imperative. These typically include a standard trade business license (SIUP), a pharmacy distribution certificate, and a drug distribution method certificate.
The application process for obtaining a pharmacy and drug distribution certificate is streamlined through the Online Single Submission (OSS) system, the Ministry of Health E-Licensing System, and the Indonesian Food and Drug Authority (BPOM).
Prepare a comprehensive distribution plan to ensure your market penetration. Then, Submit the distribution plan along with essential documents about the designated pharmacist:
Once everything is settled, you must wait for your plan to be approved. Upon approval, the regulatory body will issue the certificates. In case of rejection, you may be asked to provide supplementary documents.
Read more: Permissible Contamination Limits in Health Supplements Products in Indonesia
InCorp assists entrepreneurs and businesses across diverse industries, including Indonesia’s pharmaceutical sector. Our global office in Indonesia offers various services to facilitate your incorporation in this dynamic market. With InCorp, you’ll experience a seamless and expedited company setup process.
If you’re looking for guidance on your journey to business success, don’t hesitate to contact InCorp today. We’re here to fuel your entrepreneurial drive and help you seize the abundant opportunities in Indonesia’s pharmaceutical industry. Fill out the form below to get started.
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.