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.
Vietnam’s dynamic environment for businesses is reflected in the growing wealth, increasing middle-income group, larger young population, greater mobility, and urbanization, as well as the shifting consumer attitudes.
Entrepreneurs usually prefer to take advantage of the new business environment to achieve new business breakthroughs and horizons. Starting a business in Vietnam is definitely one of the ways how to make it.
Whether you are a small business owner or a big company, deciding to start a limited liability company in Vietnam is a big step. That’s why here in this article you will find helpful tips and information about how to start a limited liability company in Vietnam.
Limited Liability Company is also known as LLC. In most cases, forming a limited liability company is the simplest way to start your business in Vietnam, and at the same time serve to protect your personal assets. In other words, the shareholder’s liability in this type of company is only limited to their shares, but not their personal assets.
Vietnam possesses a young workforce and talents with lower wages compared to other countries such as China — about half of the wages in China. It is also why Vietnamese goods are also much cheaper than other countries in the world.
Vietnamese goods’ quality is getting better to be able to compete in the market, but there are still many products and services lacking. With the goods and services that Vietnam has not met the demand yet, with proper market research and study, investors can tap into these sectors and likely to succeed. That’s why many sectors in Vietnam have become increasingly attractive to foreign investors.
Before you think of incorporation of a limited liability company, you must make sure you have a clear idea of its legal structure.
There are two types of LLC in Vietnam based on a number of its members. However, the minimum and maximum numbers of its members remain always the same. At least one member is required to form a single-member LLC and not more than 50 members can join a multi-member LLC.
It is self-explanatory that a single-member LLC has only one member (who is also the company owner). This member is liable for all company ’s liabilities and debts — only to the extent of the capital he or she invests.
It is possible for the owner to appoint representatives to create a board of members and choose a president.
A general director will then be appointed by the president and the board of members. The job of a general director is to oversee the company’s daily operation, and the performance of the director and the board of members will also be supervised. They can perform other tasks that are assigned by the owner as well.
As for charter capital, the company owner must contribute fully to the capital investment. This form of LLC is not able to decrease its charter capital — it can only increase the investments from the owner or others.
If individuals other than the owner put in the capital, the single-member LLC will then become a multiple-member LLC. Once the change occurs, the multiple-member LLC must be registered within ten working days.
Two or more (up to 50 people) members form a multi-member LLC. As members of the multi-member LLC, they are given member rights including attending the board of members’ meeting, voting rights that are in proportion to their capital investment, provided shares and profits that are in proportion to their capital investment, and given priority for an extra capital contribution.
Other than the mentioned rights, members are also allowed to dispose, sell or transfer their capital share back to the multi-member LLC under Indonesia’s Enterprise Law.
Similar to a single-member LLC, the board of members has to choose a general director. And this general director can be either a company’s member or another party. The job of a general director in a multi-member LLC is to represent the company legally and at the same time oversee daily operations.
Different to a single-member LLC, the board of members has the final say on decisions. Depending on the ratio of the invested amount, members are appointed accordingly.
A Control Committee is required as well once the board of members has more than eleven members. The function of a control committee is to oversee the board of members’ activities.
With the assistance from Cekindo, starting an LLC in Vietnam will be a much simpler process compared to doing it yourself. There are some legal obligations you must meet and specific procedures you have to go through.
Firstly, your LLC need to be approved by the Department of Planning and Investment (you will get an IRC, or Investment Registration Certificate upon approval).
Secondly, you will also need to obtain the ERC, or Enterprise Registration Certificate. The entire process often takes about 45 days. Here are more details regarding the process:
If you’d like to taste the fruits of your successful business in Vietnam, now is the right time to establish your limited liability company in Vietnam. Cekindo is an international company with an experienced team of advisors who will assist you during your market penetration in Vietnam. We provide one-stop market entry solutions that cover advisory, consulting, assistance during a company registration and handling the process on your behalf.
For a free quotation or more information in regards to starting a limited liability company in Vietnam, contact us now.