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.
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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.
In 2020, Indonesia’s Ministry of Agriculture prepared around 12 kilograms of soybean consumption per capita. This was a 19% increase from the previous year at about 10.5 kilograms.
The increase in soybean consumption can be attributed to the pandemic and its effect on the lower class earners turning to processed soybean-based products for daily food consumption like tofu and tempeh compared to more expensive meat products for food. Another factor is the vegan lifestyle that the upper class has adopted as a part of the healthy living journey due to the unanticipated pandemic and its repercussions.
Seeing this increasing demand for the production and consumption of soybeans, the Ministry of Agriculture has mentioned that soybean availability has decreased and will continue to do so in the upcoming years. This decreasing domestic soybean availability is mainly due to the fact that farmers are running out of fresh land to keep up with increasing demands.
Due to the government’s inefficiency in controlling the price of soybeans, Indonesia has been extremely reliant on the international market for the demand of 3 million tons a year, around 80% of the total needs. With no proper implementation to increase soybean production, the country is vulnerable to price fluctuations.
With constant plans to enhance Indonesia’s soybean production by adding the number of plantations, optimizing new technology, using better productivity seeds, and requesting the use of unused land for production, Indonesia still has not managed to keep up with the high demand for this affordable commodity.
Significant problem farmers face in this soybean debacle is the small profit margin they receive due to the yield of local crops being only half of the other major producing countries. This should be enough reason for the government to design policies to improve domestic soybean production.
Prices can also be controlled more effectively with periodic reviews to ensure better compensation for the farmers. Another way could be the government offering training and subsidies to farmers that could help improve their yields. In the long run, businesses would come in with mechanized processes, which will help in the development of this much-needed commodity.
Arguably the country’s favorite food staple, tempeh and tofu, saw a price spike in 2021. The reason for this was none other than the hike in imported soy from Rp 7.000 to Rp 9.000, which is almost a 30% increase. This caused producers to carry out significant strikes.
With tempeh and tofu being a staple in most of Indonesia’s middle to lower-class households, the reliance on imported soybean triggered the Indonesian government to develop policies to meet domestic demand through local suppliers.
A way that Indonesia can address this issue is by increasing self-reliance in the Indonesian soybean industry. National production capacity must be prioritized so as not to depend solely on imports. Prioritizing the production capacity of the soybean industry in Indonesia might help minimize the risk of increasing prices. Keeping up with increasing demands every year is enough evidence to why being self-reliant is a necessary measure to take.
There are factors to consider in developing the soybean industry in Indonesia, such as improving the selling prices, seeing that growing soybeans is a much less competitive commodity when compared to other staple food items like rice. Creating market stability and market certainty for farmers to grow soybeans is a problem that the Indonesian government needs to address sooner rather than later.
The decrease in soybean farmland from 1.3 million hectares in 1990 to 621,000 hectares in 2005 shows the farmers’ reluctance in cultivating soybeans. This results from low market prices that are below production costs and a lack of soybean price guarantee.
The low productivity of the soybean industry in Indonesia is due to the absence of technology being introduced to production processes in other commodities and a bad post-harvest management system.
With the adoption of the Smart Soybean Enterprise, which is an agribusiness system that seeks to help optimize productivity, things are looking positive for the future of Indonesia’s soybean industry. This system maximizes the cultivation of SOPs, usage of seeds, contract farming, and post-harvest handling, which meets the industry standards to qualify for food product processing.
Having partnered with over 2,200 farmers, utilized 294 hectares of land, and absorbed 8,820 workers, there is still a long way to go for the Smart Soybean Enterprise. Albeit a positive gesture, it is still a challenging endeavor for the country, and Indonesia will still be relying on international importers to provide the ever-increasing demand for soy.
This poses a clear opportunity for international players to start investing in Indonesia by setting up a company and reaping the benefits from this issue, especially since the imports are at 80% of the total demand.
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.