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.
Considered a major tourist hotspot in Indonesia, the Island of Gods provides the perfect blend of opportunities to investors for opening a restaurant in Bali.
Indonesia’s tropical climate, endless coastlines, and volcano-made fertile grounds make the country an ideal hub for a vast variety of food resources like coconut groves, paddy fields, and abundant seafood. The Archipelago’s long and diverse history with the amalgamation of vibrant cultures led to the evolution of food to various unique, exotic cuisines such as nasi tumpeng, pepes, and others.
Apart from being an essential medium of survival, food is known to strengthen family bonding and develop friendships. Moreover, it is customary for travelers and tourists to bond over food.
Over the last five years, the F&B sector has received foreign investments worth IDR 293 trillion, demonstrating great potential for investors to set their footprints into the country. Globally the F&B sector came to a standstill due to COVID-19, however, Indonesia’s market held up to the challenge
Despite plunging demand due to the pandemic, the sector’s Year-on-Year growth rate clocked 3.94% and 0.22% in the first and second quarter of 2020 respectively.
However, with the ease of lockdown restrictions, restaurants in Denpasar (in Bali) saw a 10% rise in visitors. Similar trends were observed in Greater Jakarta, Makassar, Medan, and Surabaya.
The inflow of investments over time and rising demand in the F&B industry signify Indonesia’s robust resilience from global economic shocks due to the COVID-19 pandemic.
As social distancing restrictions are gradually lifted and vaccines are made available to the population, the F&B industry, which is the second-largest sector in Indonesia, is expected to diversify in 2021. In Q1, FDI realization in the Food Industry accounted for US$968.3 million of investment value and is projected to reach US$2,471 million of revenue by the end of this year.
Following are some projections related to the F&B industry for coming years:
US$3, 724 M
With sound resilience to the pandemic and optimistic future projections, Indonesia’s food and beverage sector has set the stage for foreign investors to leverage the untapped opportunities available in the market.
The middle-income consumers are also proving to be a game-changer in driving up the food-service demand. According to the World Bank, over the past 15 years, Indonesia has brought down its poverty levels to below 10%. As a result, the middle-class population has grown from 7% to 20% and shown a spike of 12% in its consumption.
The change in the middle-income group’s propensity to spend was evident. The middle class spent more on the food products that were previously expensive for them. According to PwC, Indonesian spending on food pick up or delivery service increased by 47% during Covid-19 Pandemic. These will bolster the food-service demand and make the F&B industry a lucrative investment opportunity for foreign investors.
Local consumers are playing a pivotal role in reviving the COVID-19 struck on the hospitality industry. The Minister of Tourism and Creative Economy, Sandiaga Uno, in April 2021, stated that domestic arrival in Bali reached approximately 8,000 visitors a day – 50% of pre-COVID-19 domestic arrivals — revving up the food-service demand in the area.
Recent surveys show that the plant-based food lifestyle gained recognition during the pandemic.
In its wake, the majority of Indonesians have shifted to a plant-based diet to increase immunity and are actively buying fruits and vegetables. To meet the soaring demand, health-food delivery services have also increased by 7.4%.
Cloud kitchens are commercial facilities purpose-built to prepare food specifically for delivery and takeout. Restaurant owners are gravitating towards cloud kitchens considering the range of benefits it offers, starting from low start-up and administration costs to hassle-free logistics.
Indonesia shows an avid interest in this concept and chances of expansion to the national level look very promising. Cloud kitchens like GoFood Joint Kitchen, Hangry, and Grab Kitchen is making the most of the pandemic as many people have not yet started eating out. Such initiatives open up new opportunities for food entrepreneurs either looking to start a virtual restaurant or cloud kitchen.
Food trucks are very popular among Indonesians because of the delicious fusion style of cuisines it offers. They are also easy to set up as they have low initial investment and operational costs.
However, food trucks face challenges in attracting customers due to inconvenient location, standard restaurant menu, and expensive price perception. To combat such challenges, food trucks should provide affordable and hygienic food, vibrant & exotic menus, and keep customers updated with new locations.
The process to establish a healthy F&B Business starts with forming a company. For starting a business in Bali as a foreigner, there are two common types of legal entities:
Company Legal document;
Leased Agreement or Deed of sales and purchase; Company Address
Apart from the documents required to set up a company, the following sets of licenses are required to start a restaurant business in Indonesia:
Note that even though Food Trucks aren’t restaurants, they still need a restaurant license to operate.
Setting up a business overseas can be a tedious and daunting process. Cekindo’s comprehensive business solutions can help you leverage the best opportunities available in the FnB industry.
Our consultants have in-depth knowledge of the Indonesian regulations and will make sure you stay on top of all your business’s regulatory and statutory aspects. From applying for licenses, human resource management to market research and analysis, let Cekindo handle all the technical nuances of setting up your business while you focus on your core activities of running your restaurant.