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 is the largest economy in Southeast Asia and undoubtedly offers extraordinary business opportunities for both foreign investors and local citizens. Expanding your business through international company setup in Indonesia is something that can be done easily as long as you know the process, and seek third-party assistance when necessary.
There are many legalities you need to deal with to incorporate an international company in the country, but ultimately it is all worth it.
In this article, we will take a look at how you can set up an international company in Indonesia in the forms of a foreign-owned company and representative office (RO).
For many foreign investors, Indonesia represents a dynamic economy opening to the international marketplace – thanks to its large and young population, rapidly growing middle-class and abundant natural resources.
According to PwC, Indonesia is forecast to reach a GDP of US$5.42 trillion by 2030.
There are several types of legal entities in Indonesia. Foreign investors often wonder which legal entity is the most compatible for their business sector and activities. While each of them has its disadvantages and advantages, a foreign-owned company is the most common type for international company’s business activities in Indonesia.
A foreign-owned company, also known as Perseroan Terbatas Penanaman Modal Asing (PT PMA) or foreign limited liability company, is the only form of legal entity that allows foreign entities or individuals to register as shareholders and to generate income.
You will need to go through a three-stage process to incorporate a PT PMA. The process includes preparation, pre-operation and commercial operation. Each stage of the process contains several other steps as well, involving multiple authorities and agencies such as the Indonesian Investment Coordinating Board (BKPM).
Before the incorporation of the international company, investors are obliged to review the updated version of the Negative Investment List (NIL) to make sure that their business sectors are open for foreign investment.
Once the particular sector is determined to be available for foreign ownership, you will need the assistance of a public notary to establish your PT PMA through the Ministry of Law in Indonesia.
Once the Deed of Establishment has been signed, you will have to go through the following steps to acquire necessary permits and licenses for your business operation.
Before you can do anything with your business, you shall obtain a business license for the commercial operation. Other than the business licenses, you should also get a material import duty exemption and a general import identification number via Online Single Submission (OSS) System.
During the operation of your company, you will also have to submit an investment activities report twice a year to BKPM. Once your business is in full operation, you might also need to obtain additional periodical permits such as construction services permit.
Related article: Company Establishment in Indonesia: Mandatory Organisational Structure
On the contrary to a foreign-owned company, representative offices in Indonesia are not permitted to involve in any activities that result in financial income.
While generating profit is not allowed, international companies that establish representative offices can still conduct market research and activities that build their market presence in the country.
The process of incorporating a representative office in Indonesia is often less cumbersome than of a foreign-owned company.
Even though the procedure and licences are based on a specific type of a representative office, the general process includes a request for approval from BKPM, obtaining a domicile letter, attorney signature and licences issued through Online Single Submission (OSS) System.
Currently, investors can choose one from the following four types of RO:
Contrary to a foreign-owned company, incorporation of RO requires minimum expenses as there is no mandatory investment. The simple company structure (shareholders as well as directors are not necessary) comes at the cost of limited business activities to market research and building the position on the market.
On the flip side, both types of legal entities in Indonesia are entitled to issue work permits and short stay permits (KITAS) for their foreign executives.
Do you have more questions regarding international company setup in Indonesia? Let Cekindo guide you further during your expansion. Contact us now to receive a free quotation. You can also reach our teams located in Jakarta, Semarang or Bali.
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.