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.
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.
For companies or foreign investors who want to invest in Indonesia, one of the things to understand is the process of opening a bank account. Before you start opening a bank account in Jakarta and other cities in Indonesia you must understand the type of account for business transactions.
In Indonesia, there are three bank accounts to consider. There are checking, savings, and deposit accounts. In addition, numerous banks in Jakarta and other cities in Indonesia offer Rupiah and foreign currency savings accounts (commonly USD), checking accounts, deposit accounts, and credit and debit card accounts.
Generally, banks in Indonesia have requirements for foreigners to open a personal account. They include a reference letter from an employer or sponsor, copies of your passport and temporary stay permit (KIMS, KITAS card), or permanent resident license (KITAP).
For checking accounts, it may require other documents. They include a reference from the previous bank, the company’s Tax Registration Number, and a letter from a company verifying that Indonesian income tax is paid.
Most banks also require you to maintain a minimum deposit for a personal account in US dollars. However, some companies run a system whereby you can write a personal check from your home account, and the company issues the cash in Rupiah.
Companies in Indonesia that have foreign shareholders must maintain a bank account. Set it up with a bank license to handle foreign currencies (Foreign Exchange Bank or Bank Devisa).
Indonesian law requires every bank to conduct sure “know your customer” procedures. In practice, banks may apply different requirements. First, however, they need at least the following information about their customers:
For personal matters:
For a corporate entity:
There are no specific restrictions on the use of a bank account in Indonesia by its holder, except for its use for money laundering and terrorism funding.
The company can choose the type of bank account in Jakarta and Indonesia that best suits its needs. From a business perspective, using a checking account is more manageable. There will be a statement from the bank to track financial transactions.
In addition, you can set up a checking account for automatic payments to withdraw deposits or giro on a specific date and facilitate cash management for the company.
The regulation of the Central Bank of Indonesia requires that all banking transactions (such as capital injection, administration of loans, payment of capital equipment, and raw material) of a newly established foreign investment company be transacted through a particular foreign investment bank account in Indonesia.
Submit the following documents:
Timeline: Approximately 5 (five) days.
However, each bank has requirements for foreigners to open an account. Generally, they require the following:
IDR Rp 1,000,000; USD 1,000; SGD 2,500; EUR 1,000; AUD 2,000; GBP 1,000; JPY 150,000; HKD 10,000; CHF 2,000.
Since the representative office only allows marketing and promotion activities, you cannot generate revenue in Indonesia. Thus, the income should go directly to the head office. But you can open a bank account for the representative office for financial importance with the following documents:
Opening a bank account in Indonesia does not take long and can be done in a day with the debit card (ATM) application. Generally, some banks require a minimum deposit to open an account. For credit card applications, similar documents will be required. Your case might be different. Contact us now to discuss this further.
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.
Untuk visa bisnis (single-entry maupun multiple-entry) harus disponsori oleh perusahaan. Perusahaan sponsor adalah badan hukum yang mengundang Anda ke pertemuan bisnis atau bisnis tempat Anda bekerja. Mengenai visa sosial budaya dan pensiun serta izin tinggal KITAS & KITAP, sponsor harus berbadan hukum atau warga negara Indonesia. Jika Anda tidak memiliki sponsor visa, InCorp menyediakan sponsor melalui HR Outsourcing dan juga mengelola penggajian untuk karyawan asing Anda.