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.
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.
Applying for a B3 waste permit in Indonesia is important to ensure your business aligns with government regulations.
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.
Our expert consultants on tax reporting services in Indonesia ensure prompt fulfillment of administrative obligations with utmost accuracy.
Streamline your global business operations with a Global Mobility Service as one complete solution from InCorp Indonesia.
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 countrys 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.
If you’re a member of the Indonesian diaspora and have lost your citizenship, you can get a diaspora visa to return home more quickly. InCorp Indonesia can help you take full advantage of this benefit.
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.
Learn more about the SNI 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.
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.
It has been two years since the enactment of Regulation POJK 77/2016 by the Financial Service Authority (OJK), making peer-to-peer (P2P) lending a flourishing industry in Indonesia. Being one of Southeast Asia’s largest economies, Indonesia has more than 260 million people, and 96 million of them are unbanked, according to the World Bank’s Findex report.
As a result, there are massive opportunities for P2P lending business in Indonesia. Based on a study done by the OJK, as of October 2018, borrowers through P2P loaned a total of IDR 15,990,143,141,355. This amount was shocking because it grew approximately 433% in 9 months from January 2018 to October 2018. Furthermore, P2P lending businesses that are currently registered at the OJK have hit 88. These registered P2P companies are all under the supervision of the OJK.
As P2P lending has made a huge mark in Indonesia, this article aims to help you understand more about the P2P lending landscape in the country.
P2P lending is the loan done through online platform by matching borrowers and lenders. The P2P lending platform, an application or a website is operated by a financial service provider and it matches the right lender with the borrower.
There are so many opportunities in the fintech industry, especially P2P lending businesses that investors can tap into. This is due to the large young population present in Indonesia with 40% of them unbanked, high internet and smartphone penetration. The geographical challenges and the lack of credit history have made traditional banks even harder to reach this unbanked population as well as the underbanked SME. Therefore, it poses challenges for individuals and small businesses to get loans from commercial banks with reasonable rates.
The unavailability of loans for individuals and SMEs has caused Indonesia a loss of GDP at US$130 billion, about 14% of the total GDP. However, the rapid development of P2P lending and overall fintech industry for the last two years have increased the borrowers through P2P by 38 times and boosted the GDP in Indonesia by IDR 25.97 trillion.
Read also: The Impact of Illegal Fintech Practices in Indonesia
As of 2018, 40 P2P service providers gained authorisation from the OJK. Some of the notable P2P startups that have made a strong presence in Indonesia are as follows:
Investree
This is a marketplace that links borrowers and investors. Terms and conditions are applied in this platform to fit both parties’ demand. Investree is well-known for its high return to investors and lower interests to borrowers.
Koinworks
Koinworks is one of Indonesia’s leading P2P lending platforms. It provides investment options to investors through risk scores based on their requirements.
Amartha It is P2P lending for loans focusing on SME business owners.
Modalku Their main customers are also SME business owners, and the investors are from retails and institutions.
Aktivaku A P2P lending marketplace that partners with Go-Jek.
One thing that is worth mentioning is that P2P lending can only keep flourishing when the government, borrowers, lenders and financial providers have improved their governance, understanding and due diligence towards P2P lending. Several regulations have recently been enforced for the security of both borrowers and lenders, as well as the development of Indonesia’s P2P.
As discussed earlier, the authority that is responsible for the governance and monitoring of P2P lending is the OJK. P2P lending was included under the supervision of OJK in December 2016.
In the beginning of 2018, OJK announced that all companies are required to obtain the P2P permit before starting and operating the P2P businesses. This measure and enforcement was done for the prevention of fraud, especially asking money from investors when there is actually no loan. Under the regulation, it is mandatory for P2P companies to have a minimum of US$200,000 for operation and a maximum of US$150,000 for loan amount.
Do not hesitate to get in touch with us if you require further information on how to set up a fintech business, particularly P2P lending, in Indonesia. In addition to providing detailed information, we can also assist you with its establishment.
Fill in the form below or visit us in our offices in Jakarta, Bali and Semarang.
Edy Tarlesno holds various certifications and a respectable degree to be an expert on internal and external legal compliance in Indonesia. His experience starts from bankruptcy and insolvency, leading to a prominent social foundation consultancy in Indonesia.
Disclaimer: The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind.
We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials.
We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website.