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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.
As Indonesia braces for a meaningful political event in 2024, with the much-anticipated Indonesian election on the horizon, businesses nationwide are watching the potential implications.
In this article, we will explore whether these momentous political events will significantly affect business prospects and investments in the archipelago nation.
Understanding the implications of these elections is important for business leaders seeking to navigate the evolving political environment and seize opportunities while mitigating potential challenges in the dynamic Indonesian market.
The political landscape in Indonesia is on the cusp of a significant shift as 2024 approaches. The country is set to experience its first-ever combined election for the general election (Pemilu) and regional head election (Pilkada) in the same year.
The Pemilu, scheduled for February 14, 2024, will encompass the following crucial elections:
The Pilkada will be held on November 27, 2024, to elect governors, deputy governors, regents, deputy regents, mayors, and deputy mayors throughout Indonesia.
Unlike the previous two-term presidential elections in 2014 and 2019, the upcoming Indonesian presidential election may have three potential candidates: Prabowo Subianto, Ganjar Pranowo, and Anies Baswedan.
Prabowo Subianto is the current Minister of Defence and Chairman of the Great Indonesia Movement Party (Gerindra), receiving primary support from Gerindra and the National Awakening Party (PKB).
Ganjar Pranowo is the current Governor of Central Java, enjoying primary support from the Indonesian Democratic Party of Struggle (PDIP) and the United Development Party (PPP).
In addition, Anies Baswedan, the former Governor of Jakarta, is supported by the National Democratic Party (NasDem), the Democratic Party (Demokrat), and the Prosperous Justice Party (PKS).
The official candidates will be confirmed after completing the registration process on November 25, 2023.
The election period often presents business with uncertainty which also affects the investment progress in the country. Economic observer Faisal Basri opined that stagnant investment during the election is understandable.
The cycle can be seen from previous elections, such as the 2009 election, where investment only grew by 3.3% from 10%. The same goes for the 2014 election, as the investment grew by 4.6% from 4.4% in the previous year. In the 2019 election, investment growth fell from 7% to 4.5%.
Despite the potential challenge, the Indonesian government is optimistic that the investment will continue amid 2024’s political year.
Read more: Can Indonesia Overcome Stagnant Foreign Direct Investment?
Indonesia is one of the world’s largest democratic countries, having successfully conducted five direct presidential elections. This track record adequately demonstrates Indonesia’s ability to maintain political and social stability during elections, assuring investors regarding security and safety during the electoral process.
While the Indonesian government remains optimistic about the investment climate in 2024, investors might question the continuity of several of President Joko Widodo’s legacies, one of which is the establishment of Nusantara Capital City (IKN).
The Head of Fiscal Policy Agency (BKF) of the Finance Ministry, Febrio Kacaribu, is optimistic that investment progress will continue during the 2024’s election. It is driven by good economic performance and credible investment governance that attract investors to Indonesia.
From an economic point of view, there is a considerable possibility of an increase in consumption during the general election, as it involves millions of people participating in several activities, such as campaign attribute selling, etc.
The rupiah exchange rate also increases while other countries are hit with depreciation. Indonesia is ranked fourth among the top 10 IPO markets in the first quarter of 2023, according to Global IPO Watch QI 2023 data.
The achievement is attributed to increased demand for commodities for producing electric vehicles’ batteries. Similarly, the Chairman of the Financial Services Authority (OJK), Mahendra Siregar, conveyed that the investment climate will remain conducive in 2024.
President Joko Widodo has conveyed that the Nusantara Capital City Law (UU IKN) passed in 2022 is an instrument to assure that the project will continue despite the change of the country’s leadership in 2024.
The president stated to have prepared fiscal incentives for IKN, amounting to three-hundred investment packages totaling USD 2.6 billion. The amount has been reserved for the private sector, specifically for housing, transportation, energy, and technology.
Similarly, other ruling coalition members have asserted to include the IKN project in the long-term national development program to ensure the continuity of this legacy.
IKN has a huge potential for new and renewable energy with nearly 434,000 megawatts and 434 gigawatts, allocated respectively, which include geothermal, wind, solar, and hydropower.
Regarding population distribution, the president suggested that Indonesia is the world’s fourth most populous city and would have no problem populating a world-class city.
Considering the change of country leadership can present uncertain conduction for investors, businesses should take several measures before making any investment decision during the election period.
The most probable scenario indicates that election day will not affect market performance. Irrespective of the election outcome, it is improbable that a new administration would significantly alter the economy or drastically devalue the currency.
The future is unpredictable; one must seek opportunities for long-term growth while acknowledging the perfect situation is unattainable.
Historically, investors have achieved tremendous success by maintaining their investments through presidential transitions rather than investing selectively based on their preferred party being in power.
It is essential to avoid present election-related concerns to drive substantial, long-term changes to the investment management approach.
The 2024’s election will be the first for Indonesia to have presidential and legislative elections together with the regional heads’ election in the same year. The situation might hinder investment progress due to the uncertain nature of the political year.
However, the government has assured that the investment progress will continue, driven by good economic performance and credible investment governance that can attract investors to Indonesia.Businesses can enhance the opportunities during the political year by partnering with InCorp Indonesia.
InCorp Indonesia offers services related to Investor KITAS and company registration, ensuring a seamless market entry into Indonesia. Feel free to contact our consultants by clicking the button below.
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.