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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 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.
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.
As one of the nation’s cornerstone sectors, the oil and gas industry is pivotal in driving economic progress and energy sustainability. However, there are challenges to navigate within the energy industry, especially for the future.
In this article, we will delve into the intricate landscape of Indonesia’s oil and gas industry, exploring key trends, opportunities, and challenges that shape its trajectory.
Indonesia’s upstream oil and gas sector investment climate demonstrated a positive trend in the first half of 2023. Investment in that sector recorded a significant increase of 21%, reaching USD 5.7 billion from USD 4.7 billion in the same period last year.
The Chairman of the Upstream Oil and Gas Regulatory Task Force (SKK Migas) describes the growth as significant compared to the global oil and gas sector investment, which only grew by 5.4%.
By the end of 2023, investment is projected to reach USD 15.5 billion, reflecting a 28% surge compared to the actual investment of USD 12.1 billion in 2022. If achieved, the investment for this year will mark the most substantial achievement over the past five years.
Indonesia still holds significant potential in oil and gas resources, particularly in the eastern part of the country. Geological data reveals the presence of many untapped oil and gas basins that offer exploration and exploitation opportunities.
However, the government acknowledges that Indonesia’s oil and gas industry competitiveness is lower than in other countries. Therefore, the government is enhancing the oil and gas sector’s investment sector by revising terms and conditions for offering working areas.
The initiatives aimed at improving terms and conditions for oil and gas working area auctions include:
In addition, the government offers attractive profit-sharing for high-risk oil and gas working areas. In the case of gas, the profit-sharing can reach 50 percent for the government and 50 percent for the Contractor Cooperation Contract (Kontraktor Kontrak Kerja Sama/KKKS).
Foreign investors who aim to benefit from the government in the oil and gas sector can seek assistance from InCorp Indonesia for company registration services to ensure a smooth market entry process according to the applicable laws and regulations.
Read more: Fiscal Incentives for Oil and Gas Contractors in Indonesia
Indonesia’s oil and gas sector is facing some hurdles that hinder the sector’s growth. These problems are also challenging for the government in imposing the new regulations.
Investors are expecting improvements in the legal aspects, particularly concerning the revision of oil and gas laws. Revising these laws has been ongoing for over a decade and is crucial to creating a stable legal foundation for oil and gas sector investment in Indonesia.
Well-drilling delays still hinder upstream oil and gas investment increase due to safety stand-downs, rig availability, and labor shortage. However, the global upward trend in the upstream oil and gas industry will continue to increase investment in Indonesia.
Indonesia has struggled to boost upstream oil and gas activities for several years. As per the Ministry of Energy and Mineral Resources data, investments in this sector soared to USD 20.72 billion in 2014 but fell to USD 10.17 billion in 2017.
As a result, production has consistently decreased, mainly due to aging wells and a need for discoveries. In June of this year, production was recorded at 615,500 barrels of oil per day (BOPD), 93% of the target, as per SKK Migas data. Gas production reached 5,308 million standard cubic feet per day (MMSCFD), accounting for 86% of the target.
Deputy Chairman of SKK Migas, Nanang Abdul Manaf, revealed that the upstream oil and gas industry contributed approximately USD 6.8 billion or around IDR 100 trillion to the state’s revenues in the first half of 2023.
SKK Migas has set a goal of having 11 upstream oil and gas projects operational in 2023. These projects are expected to raise production capacity by 19,077 barrels of oil daily and 454 million standard cubic feet daily.
These projects are projected to become operational during the third and fourth quarters of 2023, involving a total capital expenditure of USD 709.2 million.
Moreover, SKK Migas plans to host the Fourth International Convention on Indonesian Upstream Oil and Gas 2023 from September 20 to 22 in Bali, centered around “Advancing Security through Sustainable Oil and Gas Exploration and Development.”
This event is envisioned as a platform for all stakeholders to collectively shape policies and facilitate conditions that enhance exploration and production activities, stimulate investment growth, and improve energy resilience for economic growth.
The trend for investment in Indonesia’s upstream oil and gas sector seemed promising in the first half of 2023. The government also actively enhances industry capabilities by implementing several measures to streamline business procedures.
For foreign investors aiming to engage foreign specialists to bolster their investments in this field, it’s essential to consider acquiring an Indonesian Investor KITAS.
InCorp Indonesia, with extensive experience in market entry, can help you obtain the necessary residency permit by relevant laws and regulations.
Fill in the form below to leverage this opportunity within the thriving oil and gas sector.
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.