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.
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Investor KITAS Indonesia is a stay permit that offers many benefits to investors that invest in the country.
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All imported goods must obtain permission granted by specific governing bodies prior to entering the local market.
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An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner.
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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 ...
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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.
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Improve your business by knowing the market conditions in Indonesia through market research services in Indonesia.
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The number of manufacturing factories in Semarang, especially in its industrial parks and surrounding areas, continues to rise as both foreign and local investments pour in.
Manufacturing in Indonesia is booming, making Indonesia the 10th largest manufacturing nation in the world.
Domestically, businesses in Jakarta, Depok, Tangerang, Bekasi (Jabodetabek), and Bogor have set their feet in Semarang, Central Java to develop manufacturing in Indonesia.
Since 2014, many of the factories have obtained their operation permits and submitted those permits to the regional government in Semarang. The most significant factors that encourage many businesses to move to Semarang are the lower wages compared to Jakarta, and the attractive foreign direct investments (FDI) injected in this area that open up a myriad of opportunities.
Ranked the number one city in Central Java, Semarang is striving to become a charming manufacturing site for labour-intensive industries, and the opening of Kendal Industrial Park in 2016 is a solid proof of this progressive development.
This article will serve as a guide on why you should set up a manufacturing factory in Semarang, and how you should do that.
As of 2018, the minimum wage for Jakarta is set at IDR 3.65 million per month. This would probably change soon with the local labor union demanding a minimum wage of IDR 3.9 million.
Meanwhile, the minimum wage in Semarang is at IDR 2.13 million per month. Therefore, the lower salary has prompted many entrepreneurs, and business owners to do market research in Semarang, as well as obtain information on factory operation, permit application, and licensing process.
The demand for factory space soars in Semarang. Some companies even closed their manufacturing facilities in China and other Southeast Asia countries and transferred their production lines to plants in Semarang where production costs are lower.
Kendal Industrial park, otherwise known as Park by the Bay, is a joint Indonesian project between Indonesia and Singapore, aiming to create 100,000 employment opportunities in Semarang and its surrounding region. 20 companies from different countries including Indonesia, Singapore, Australia, and Japan have come together to invest in the park, amounting to a total of IDR 4.3 trillion (S$450 million).
The first integrated township of its kind in Central Java, Kendal Industrial Park is a coastal development located along the Jakarta-Semarang-Surabaya Economic Corridor, including industrial, commercial as well as residential spaces.
This industrial park does not only enhance the foreign customer base of the investing countries but also acts as a platform where different nations can share their industrialization expertise and experience in order to create more jobs for greater development across Indonesia.
Semarang is considered a more optimal choice for a factory to import materials and input goods from its surrounding areas and countries.
Located between Jakarta and Surabaya, two of Indonesia’s largest domestic markets—Kendal Industrial Park in Semarang is only 30 KM from Ahmad Yani International Airport and Tanjung Emas International Seaport – the largest commercial and economy port in Indonesia and the only one in Central Java.
Many investors might not know that Semarang has an incentive in place that encourages foreign investments. Manufacturing is one of the regulated encouraged and prioritized sectors. Government Regulation (PP) No. 142/2015 states that tax incentives will be granted to investors building their factories in industrial parks.
These incentives also include easier licensing processes, advanced infrastructure, tax deductions, and exemptions to encourage the establishment of a manufacturing factory. Foreign companies, therefore, are being lured to Semarang to take advantage of tariff incentives.
Before getting into details, it is crucial to know that beginning from January 2, 2018, Principal License (Izin Prinsip, or IP) is invalid. A principal license has now been replaced by Capital Investment Registration (Pendaftaran Investasi, or PI). With the newly enacted regulation, investors of manufacturing industries will be able to get a Business License (Izin Usaha, or IU) with the Capital Investment License after they fulfill the investment plan.
Learn more about Principal Business License Replaced with Capital Investment Registration.
The overall goal of the enactment is to simplify licensing and facilities processes in order to boost foreign direct investments. Previously, a PI was initial permission granted from BKPM, with more stringent requirements, to allow foreign companies to invest before they could do business in Indonesia.
The process of setting up a manufacturing factory can be broken down into the following:
Do take note that it is prohibited to import products with API-P for the purpose of sales in Indonesia. There is also another type of import license, API-U (Angka Pengenal Importir-Umum). Unlike API-P, API-U only allows the import of products from one category. Therefore, be careful and apply for the correct one.
Replace a temporary business license with a permanent business license. This license is valid permanently as long as the manufacturing firms stay operational.
Many entrepreneurs and business owners are not always sure whether to choose an industrial area (such as Kendal Industrial Park) or a non-industrial area to build their manufacturing factories. In most circumstances, industrials areas would be a more cost-effective choice with several other benefits to offer. Here are some of the differences:
To learn more about Semarang’s myriad of investments and business opportunities as well as to gain insights into how to start a manufacturing company for any given business in Semarang, please consult further with Cekindo’s specialists.
Lidya provides market entry consultations for FDI in Indonesia with various perspectives in fields such as garment and textile manufacturing, furniture, farming, and engineering. In addition, Lidya has extensive experience advising expats' stay permits in Indonesia.