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.
Starting a business in Indonesia might feel like overcoming one huge challenge. Unfortunately, the process of fighting Indonesian bureaucracy does not even end when your company is finally set up. People will officially and legally recognize your business only when it’s able to acquire its permanent business license in Indonesia.
The permanent business license (– IUT) is a mandatory document for foreign investment companies (PT PMAs) wanting to operate businesses in Indonesia.
A newly formed company, however, will only receive the temporary principal license (Izin Prinsip) while the incorporation process is ongoing. Only when the company established and has fulfilled the legal regulations can it be eligible to apply for the permanent business license. It is including settling the paid-up capital and accomplished its investment plan.
Even though the reality might be different, the permanent business license Indonesia is a required license for businesses according to the existing regulations. Sadly, the Indonesian government does not check whether PT PMAs comply with these laws or not acquire these licenses. However, this may change at any time.
Not acquiring the license can be a big risk your business may not want to take. This is so because, when your principal license expires, your company will no longer be able to conduct its business in Indonesia. However, it is possible to extend the principal license up to 5 years.
Even though some businesses consider IUT as an unnecessary document, the following benefits of complying with the regulation will prove otherwise. The license can actually boost your business and raise it up to another level.
Not having a permanent business license will limit you from being able to issue non-extendable work permits to foreign shareholders, directors, and commissioners only. Consequently, whether you are considering hiring foreign experts or extending KITAS for the directors and commissioners, having the IUT is one of the requirements.
Acquiring an IUT will also enable your business to invite new shareholders or even sell your company unless your business has been operating for less than a year.
Before acquiring a permanent business license in Indonesia, your company is must submit investment activity reports (LKPM) quarterly. Acquiring IUT decreases the frequency of the submission of these reports biannually.
Note that you can apply for IUT only in case your principal license has not expired yet. Its validity depends on the business sector your business is participating in; Nevertheless, it should be between 1 and 3 years from the time you started your business. In case your business has been operating longer and has not acquired an IUT just yet, consider applying with professional help. Cekindo is here to assist you and answer all your inquiries on this matter.
Getting a virtual office is not advisable as having a physical office is one of the requirements for an application for a permanent business license in Indonesia. If you started your business with a virtual office only, you would need to go through the process of changing your domicile letter, location, and other company legal documents. Feel free to contact Cekindo in order to get assistance on this process.
When starting a company in Indonesia, you need to submit an investment plan to obtain a principal license. The proof of investment, which should reflect the original investment plan, is one of the conditions necessary for acquiring IUT.
Since the BKPM will be the only institution that will determine whether your company is eligible to convert to IUT, one of the requirements is to provide information on how many local partners you are engaged with (with partnership agreement documents).
Check more details about the procedures and requirements for a permanent business license in Indonesia. Feel free to contact our friendly consultancy staff for your queries and information requests.
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.