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.
Indonesia has the world’s fourth-largest population and expected will have the world’s fourth-largest economy by 2050. Hence, the rise in demand for energy looks inevitable which would further open up new possibilities for renewable energy companies.
To ensure judicious use of renewable energy resources, the Indonesian government has set aggressive targets. The National Energy Policy (KEN) and Plan (RUEN) target that renewable energy resources provide 23% of all final energy consumption, whereas the draft National Electricity Plan (RUKN) aims 25% renewable electricity for the power sector, by 2025.
These targets also satisfy the country’s greenhouse gas emissions goals while increasing national energy security at the same time.
Moreover, the Indonesian government is working on a proposal to export up to 300 megawatts (MW) of power to Southeast Asia via a 400 kilovolt (kV) underwater transmission system. According to reports, the power to be exported will be created using innovative and renewable energy sources (EBT). The idea came about when the government proposed the creation of a 2.2-gigawatt peak (GWp) floating solar power plant (PLTS) in Duriangkang Reservoir, Batam, Riau Islands.
Hence, the development of Indonesia’s renewable energy sector will generate medium- to long-term opportunities for foreign investors as the government shifts its focus to renewable energy.
Based on Indonesia’s electricity supplier – PLN’s Electricity Supply Business Plan (RUPTL) and current market circumstances, the overall market for renewable energy is expected to reach USD 38.9 billion by 2025.
The following has been divided depending on the size of the market for each type and category of renewable energy, as well as the potential share for foreign enterprises.
The market for geothermal energy is expected to be around USD 21 billion. With a number of new projects coming online and new concession areas issued, Indonesia became the world’s second-largest geothermal power producer in 2018. Geothermal exploration is regarded as a high-risk, high-capital endeavor. National state-owned companies have been given the majority of new geothermal concessions, although many lack the resources and competence to properly develop the projects.
The hydropower market is predicted to be worth USD 12.9 billion, with medium and large hydropower (> 10 MW) accounting for USD 9.5 billion and small hydropower (< 10 MW) accounting for USD 3.4 billion. With a few exceptions, the government prefers to establish PLN rather than IPPs for most medium and large hydropower projects. These initiatives have the added benefit of being able to attract foreign investment in Indonesia.
The market for bioenergy is expected to be worth USD 2.5 billion. This includes USD 650 million for biomass, USD 200 million for biogas, USD 1.5 billion for waste-to-energy, and USD 166 million for biodiesel producers. While there are presently no waste-to-energy projects in Indonesia, with the release of a Presidential decree encompassing 12 of the country’s major cities and a smooth procurement procedure in place, the sector is projected to accelerate.
The solar photovoltaics (PV) market is expected to reach USD 769.3 million, with utility-scale PV accounting for USD 675.5 million and rooftop PV accounting for USD 93.8 million. Smaller solar PV systems (250 kW to 5 MW) on small island isolated grids now supported only by diesel generators are being promoted by the government and PLN in addition to bigger grid-linked solar PV projects. The bigger utility-scale projects are being developed by foreign investors. The majority of the equipment opportunities in the market for both utility-scale and rooftop solar PV are accounted for by imports of solar PV panels and inverters.
The smart grid solutions market is estimated to open between 2020 and 2025. Currently, improved micro-grids and battery energy storage systems (BESS) are in the pilot demonstration stage. It is estimated that these markets will reach USD 153 million and USD 280.5 million, respectively, based on MEMR’s focus on enhancing grid operability and PLN’s realization of the importance of smart transmission and distribution system control and BESS.
Following the passing of the Positive Investment List, the Indonesian government opened up certain formerly closed-off corporate sectors to foreign investment, particularly those in the energy industry, such as:
Indonesia’s Renewable Energy Power Plant Business Activities (KBLI 35101 A) has also been designated by the government as a pioneer industry eligible for tax breaks.
For newly established investments with a minimum value of IDR 100 million, the Corporate Income Tax (CIT) due will be waived for the first 5 to 20 years after commercial production begins, followed by a 50% CIT decrease for the next two years.
Furthermore, the Ministry of Finance provides Indonesia tax holiday of 50% of CIT payable for 5 years, followed by a 25% CIT reduction for the next two years, based on a capital investment plan of IDR 100 to 500 billion.
While making an investment in Indonesia renewable energy sector, Cekindo will provide you with a seamless company registration experience. Our consultants can further assist you with the acquisition of business licenses with the least delay.
Moreover, if you want to analyze sectors and know more than what the stats say before investing in Indonesia, Cekindo’s market research and due diligence team can assist you to review your possible investments. 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.