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.
Mergers and acquisitions (M&A) landscape in Indonesia has been accelerating and the positive trends still continues. According to the Indonesian Investment Coordinating Board (BKPM), investments in Indonesia hit US$ 51.5 billion (IDR 721.3 trillion) in 2018, a significant increase of 4.1% compared to that of the previous year. In the Global Competitiveness Report, Indonesia also jumped up to the 45th in 2018 with a GDP growth of 5.2%. The GDP growth is higher than many Southeast Asian and neighbouring countries such as Malaysia and Singapore.
However, the success or failure of a M&A transaction depends greatly on its regulatory aspect in Indonesia. Several regulations such as the implementation of Online Single Submission System (OSS), rules against money laundering practices, case precedents for the prevention of M&A transactions late penalties, etc. are some vital reasons of the increasing M&A transactions.
In this article, Cekindo will discuss the impact of recent Indonesian regulations on M&A and current trends that are critical for investors.
On June 21, 2018, the Indonesian government introduced GR 24/2018 that includes that implementation of OSS system. OSS cuts down most red tape by integrating different government institutions into one system. The system shortens and simplifies the M&A licensing process and foreigners can apply for investment licenses electronically.
Thanks to GR 24/2018, the timeframe of M&A transactions are shortened significantly. Under this new regulation, approval from BKPM prior to the closing of the transaction is no longer necessary.
Previously, foreign investors need to spend a long time on the complicated licensing process to employ foreign employees to hold positions in the merged company or target company – by obtaining both expat work permit IMTA and Foreign Manpower Utilisation Plan RPTKA approval.
However, the introduction The Ministry of Manpower (MOM) Regulation No. 8/2021 concerning The Employment of Foreign Workers recently has gotten rid of the bureaucracy and now foreign investors only have to acquire RPTKA approval to employ foreign employees. RPTKA approval now serves as the basis for the authority to grant a limited stay visa (VITAS) for foreign workers, than can be converted to limited stay permit or izin tinggal terbatas (KITAS/ITAS)
Technology companies in Indonesia have been funded or acquired by international venture capital in recent years with some of them even achieved unicorn status. Therefore, the Ministry of Finance in Indonesia issued Regulation 48/ 2018, providing an incentive as in income tax treatment to Indonesian venture capital companies that invest in micro, small and medium businesses in Indonesia with less than IDR 50 billion net sales. Foreign venture capital firms are not subject to this incentive.
Companies must inform KPPU of all mergers, acquisitions and consolidations of their transactions within 30 working days after each transaction. The late notification penalty is IDR1 billion each day, with a maximum penalty of IDR 25 billion. Hence, it is vital for investors to decide their transaction’s effective date wisely to prevent KPPU penalty.
PR 13/2018 applies to all types of companies in Indonesia to disclose their beneficial ownership structures, in an effort to improve business activities’ transparency in Indonesia and promote legal certainty.
Therefore, foreigners plan to invest in the form of M&A must take the implication of PR 13/2018 into consideration on their business plan.
Cekindo M&A services in Indonesia provide clients with insights from M&A pre-deal all the way through the final stage: valuation, negotiation and completion, as well as financial audit and due diligence investigation.
Our team of professional consultants helps your business seize opportunities and maximise the long-term benefits of an M&A transaction. Submit an enquiry now by filling in the form below or visit us at one of our offices in Jakarta, Bali and Semarang for more information.
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.