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.
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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.
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.
Despite the ongoing pandemic, several Indonesian businesses continue to thrive. Entrepreneurs could learn from these tremendously successful organizations and question what techniques they might use to prosper throughout the crisis.
In this article, we’ll take you on a quick tour of Indonesia’s top companies based on their market capitalization.
According to Investopedia, market capitalization is defined as how much a company is worth on the stock market. Companies are often categorized into three groups based on their market capitalization:
Market capitalization is a significant concept as it is one of the elements that influence other company attributes that are important to investors.
PT Bank Central Asia Tbk is a private bank based in Indonesia. It specializes in transaction banking, providing credit and financial solutions to corporate, commercial, small-medium-enterprise (SME), and consumer clients.
This bank is based in Indonesia and is known as PT Bank Rakyat Indonesia (Persero) Tbk. Savings products, lending products, and other banking services are easily availed by the account holders. One of their distinguished services is BRI Britama Savings, which gives users e-banking access from any location and at any time, as well as free personal accident insurance coverage.
State-owned telecommunications company PT Telkom Indonesia Tbk, caters to the mobile segment, consumer segment, enterprise segment, wholesale and foreign business segment, and others.
Bank Mandiri is one of Indonesia’s largest state-owned Bank based on its assets’ value. Individuals, small and medium-sized businesses (SMEs), and corporations can all make use of Bank Mandiri’s wide array of banking products and services.
The seven core business segments of the Indonesian PT Astra International Tbk are Automotive, Financial Services, Heavy Equipment & Mining, Agribusiness, Infrastructure and Logistics, Information Technology (IT), and Property.
PT Bank Jago Tbk, originally PT Bank Artos Indonesia Tbk, is an Indonesian bank with a focus on retail and digital banking. It created Jago, a finance app that assists with money management.
PT Unilever Indonesia Tbk specializes in the production, marketing, and distribution of fast-moving consumer goods (FMCG). The company’s principal commercial operations are divided into two operational segments: Home & Personal Care, and Commercial & Industrial.
The petrochemical company PT Chandra Asri Petrochemical Tbk is based in Indonesia. Olefins (Ethylene, Propylene, Py-Gas, and Mixed C4), Polyolefins (Polyethylene and Polypropylene), Styrene Monomer, Methyl Tert-butyl Ether (MTBE), Butene-1 (B1), Butadiene, and Tanks and Jetty Rental are among the company’s product segments.
PT Elang Mahkota Teknologi Tbk is in the media industry. The business is divided into three segments: media, solutions, and others. Under the three television (TV) segments, its media represents free-to-air (FTA) television channels. The film, video production, a megaportal website, and digital publication are also included.
PT Bank Negara Indonesia (Persero) Tbk specializes in the banking sector. Corporate, Middle and Small Business, Consumer, Treasury and Financial Institutions, Head Office, and Subsidiaries are included in this bank’s segments.
The preceding list of Indonesia’s top companies provides some valuable insights that might help entrepreneurs make informed decisions in their business.
For instance, five of the top companies in Indonesia by market capitalization are from the finance industry, which is dominated by state-owned banks.
Furthermore, despite the fact that Bank Jago has only been established for a few months, it has one of the greatest market capitalization (USD 14.6 billion).
Rapid digital adoption across Indonesian banks, especially state-owned companies, is one of the contributing factors to the financial and banking industry’s continued strong expansion.
According to a recent analysis from Google, Temasek, and Bain, Indonesia’s internet economy will likely reach USD 330 billion in value by 2030, nearly doubling the present digital economy’s value of USD 170 billion in Southeast Asia.
The analysis also predicted that Indonesia’s internet economy will grow to USD 146 billion by 2025, up from USD 70 billion this year, thanks to an open legislative environment that encourages the use of digital financial services.
The use of digital banking has increased dramatically in Indonesia. In 2017, 57% of Indonesian consumers actively used digital banking (at least once a month via the internet or mobile channels). These consumers are expected to spend less cash as they depend more on digital payment methods.
Already in 2021, 55% of respondents say they use cash for less than 30% of their weekly expenditures, and 80% of Indonesian survey respondents report that they expect to maintain or increase their use of mobile and online banking beyond the pandemic. This broad adoption of digital banking during the COVID-19 pandemic has brought the industry to a new level of maturity, opening new opportunities and challenges for banks and nonbanks alike.
Investing in Indonesia consists of multiple procedures that are time-consuming and overly official. Having company registration professionals, like Cekindo, by your side can save you a great deal of time as well as provide you with a hassle-free experience. Cekindo provides a wide spectrum of ancillary services related to company registration, like legal consultancy, business license and other documents acquisition, tax and accounting, and HR services.
Let’s start by filling out the form below and talking to one of our professional counselors.
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.
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