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.
Indonesia’s fintech industry is one of the most robust and thriving sectors in the ASEAN region. The country is already home to 20% of all fintech businesses in Southeast Asia, with market size clocking to USD 8.6 billion over the next five years.
The fintech industry is one of the most well-funded industries, alongside e-commerce, and it is dominated by peer-to-peer (P2P) lending (50%) and e-payment (23%) platforms. However, despite the fact that Indonesia has over 300 fintech businesses, global investors may discover that the industry is still developing, and coupled with the lack of financing services lending to MSMEs. Hence, it opens up a wide window of lucrative opportunities for foreign investors to tap into Indonesia’s peer-to-peer (P2P) lending industry.
But besides tremendous prospects, the peer-to-peer (P2P) lending industry has a number of regulatory constraints that foreign investors must be aware of in order to operate in Indonesia lawfully that we shall elaborate on in this article.
Fintech businesses in Indonesia are using a wide range of innovative and linked financial services, particularly in digital marketplaces and peer-to-peer (P2P) financing, to convert financial services into an engine of economic growth.
The OJK (Financial Services Authority, a Government agency,) had 149 P2P lenders registered by December 2020, with total loan disbursements amounting to USD 10.7 billion.
Individuals with lower and moderate per capita expenditures, as well as MSMEs, play a key role in the Indonesian economy because they account for the majority of the population, lacking access to financing services. Fintech lending companies can capitalize on such challenges and assist in expanding much-needed loan availability.
Traditional lending institutions are limited in their ability to provide sufficient finance to underserved markets. This opens the door for Fintech innovation to deliver alternative solutions by combining various business models, technology, and novel techniques. As a result, they will be able to provide more coverage in rural places, as well as overcome infrastructural and risk management issues that financial institutions generally encounter when servicing underserved groups.
The extent of regulatory participation, business model milestones, and important investments are key factors that are considered while analyzing the progress of the Fintech Lending industry. Presently participants have a clearer code of conduct, the government has a better understanding of how to license lawful players, and investors have more confidence in investing in or acquiring fintech lending companies.
The government has indicated that it will make efforts to eliminate and prosecute illicit internet lending practices that harm individuals. OJK has a joint decree, a cooperative agreement, with the Chief of the Indonesian National Police (Polri), the Ministry of Communications and Informatics, the Governor of the Central Bank Bank Indonesia, and the Minister of Cooperatives and MSMEs to minimize the existence of all unlawful internet lending organizations. The government seeks to shut down such platforms, and legal action will be conducted regardless of whether the platforms are cooperative, payment-based, or peer-to-peer lending.
It is critical to comply with the regulatory standards for Indonesian P2P lending enterprises as the government works to remove and prosecute illicit online lending.
The peer-to-peer loan provider is classified as an Other Financial Services Institution under Article 2 POJK No. 77/2016 and is a legal entity in the form of a Limited Liability Company (“Perseroan Terbatas/PT”). This PT can be founded and held by Indonesian citizens/legal entities as well as foreign citizens/legal entities.
POJK restricts the types of service sectors that can be provided by legal entities in cooperative forms to only cooperatives.
Article 3 POJK No. 77/2016, which applies to providers in the form of PT, stipulates that foreign persons and/or foreign legal organizations may own up to 85% of the provider’s shares directly or indirectly.
At the time of registration, either PT or cooperatives must have at least one billion rupiahs in paid-up capital or owned capital.
Moreover, when applying for permission, PT and the Cooperative have to boost their paid-up capital, or owned capital, to at least IDR 2,5 million rupiahs.
Aside from meeting the above requirements, each Fintech Lending provider candidate must first obtain a recommendation from AFPI, Indonesian Joint Funding Fintech Association, to register as a provider in OJK to become a partner in carrying out the regulatory and supervisory functions of the Peer to Peer Lending provider.
The Financial Services Authority (OJK) published OJK Regulation Number 16/POJK.04/2021 to change the requirements for a PSE certificate to register with the ministry in charge of government communications and informatics.
To assist you to become a legal P2P lender, Cekindo will provide you with a seamless company registration experience. Our consultants can further assist you with the acquisition of business licenses with the least delay.
Moreover, if you want to analyze sectors and know more than what the stats say before investing in Indonesia, Cekindo’s market research and due diligence team can assist you to review your possible investments.
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.