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.
Indonesia is an attractive destination for investment because it has a large market, stability, relatively low labor costs, and the availability of raw materials
There are many investors who have invested in Indonesia, just based on the factors of low labor cost and raw materials availability. They make Indonesia a location for intensive activity by using local distributors and partners, while still making strategic decisions in other countries like Mexico and China.
Indonesia is considered as “Asia’s next big opportunity,” of its fast-growing economy (up 6.2% last year, forecast to grow 6.8% in 2013) and favorable demographics. Over 60 percent of the population is between 20-65, which gives the country a large bank of earners and not too many old people for workers to support.
Recently, a business model that is growing in Indonesia is not limited to contracts or consignment manufacturing plans. Instead, development has been focused on a capital-intensive business model that does not rely solely on Indonesian labor in some industries such as consumer goods, cosmetics, automotive, and components. Today many plans involve joint ventures with local representation in Indonesia in making business decisions such as investments, determining target markets, making capital expenditures, financing, and many more.
Oil and gas resources are estimated at about 87.22 billion barrels and 594.43 TSCF spread throughout Indonesia, making the country an attractive investment destination in the oil and gas sector. Geologically, Indonesia still has the great potential availability of hydrocarbon resources. The government’s plan to maintain oil production at a rate of 1 million barrels per day will certainly provide great investment opportunities in the upstream oil and gas sector.
The success ratio of exploration activities on average reached 38%, while the success of the well bet (wild cat) average was higher than 10%. Among existing locations of exploration, sites are those around the islands of Sulawesi Offshore, Nusa Tenggara Offshore, Halmahera and Maluku, and Papua Offshore.
National investment growth of the non-oil sector is predicted to continue being driven by the manufacturing sector. Manufacturing outperformed the other three sectors, namely plantations, mining, and services. This will encourage more Indonesian suppliers to support the manufacturing sector. Manufacturing investment value is estimated to reach Rp. 225 trillion or 50% of the estimated total investment of Rp 450 trillion. Currently, manufacturing investment is longer centered on labor-intensive industries, but rather on capital-intensive industries. Investments are flowing into the automotive sector, steel, and chemicals. The investment in labor-intensive industries such as textiles and footwear is predicted to below. A ban on the export of raw minerals will continue to fuel the surge in manufacturing investment.
As the 4th most populous country in the world. Indonesia definitely requires rapid development to fulfill the demand for living places, workplaces, and entertainment. These opportunities are bundled into the Property development area. Which has saw rapid development in the past few years and already predicted as one of the promising investment forms in Indonesia. Indonesia’s residential property price index (14 major cities) rose by 7.88% during the year to end-Q2 2014. Although foreign property ownership is not allowed in Indonesia, there are several ways which foreigners can consider like buying property through PMA, Local PT, or buy buying shelf companies in Indonesia.
The transportation sector in Indonesia is among the promising investment sectors which foreigners. Since Indonesians nowadays are among the most mobile society in the world. However, the high demand for transportation in Indonesia still lacks a proper transportation mode. These transportation opportunities range from Land mode transportation such as Railway Road, Bus mode, MRT. And the most promising of all is the airline business since Indonesia has been the fastest-growing market for airlines and still lacks airline competition inside. Not to mention Indonesia’s nature as a vast archipelago country that still has many places to explore.
Following the global rapid current of Telecommunication and Internet technology which also made their impact to Indonesia. Indonesian people are now among the most Internet-reliance in the world. They are also among the most connected society. Indonesia has been flooded with the rapid development of IT, Telco, and Internet technologies over the last decade particularly from outside such as the US and China. This circumstance has made Indonesians nowadays are highly dependent on Telecommunication and the Internet in their daily activities. The opportunity lies here is that Indonesia still some steps behind in regards to Internet speeds and Telco infrastructure compared to other neighboring countries like Singapore and Malaysia. Indonesia still needs a big improvement through investment for this sector. Until recently, there weren’t any giant internet companies coming out of Indonesia, but that looks to be changing, as Japan’s SoftBank and India’s Sequoia Capital recently invested a whopping US$100 million in Indonesia’s online marketplace website Tokopedia. It’s a big bet, to say the least. The announcement came immediately after the inauguration ceremony of the country’s new president, Joko “Jokowi” Widodo, who has promised to make his nation friendlier to foreign investors.
Indonesia is one of the large energy consumers in the world. And now has become Asia’s largest emitter for greenhouse gasses. And given its enormous populations and vast region. Indonesia still facing an energy crisis particularly in remote areas and outside Java. This may be because Indonesia still relied on conventional power plants such as Coal, Diesel, Steam. Some already use Water plants as well but still not maximized. When there’s many other environment-friendly and renewable options like Solar panel plant and Windmill which is very suitable considering Indonesian geographic as Tropical country and have long coastlines. Currently, there is no single solar and windmill plant in Indonesia. Hence There’s a big opportunity for Investment to bring this technology to be applied by Indonesia. Which will lead to solving the Indonesian energy crisis now and in the future.
Indonesia seeks to continuously improve health sector development by improving the quality of the infrastructure so that the healthcare industry will continue to grow, especially with foreign investment. Indonesia has more than 222 manufacturers of medical equipment and 90% are SMEs, according to the Joint Health Tools and Laboratory Indonesia. To harness the potential of the Indonesian health industry, cooperation must be enhanced at the level of government to government and business to business. The Ministry of Health invites foreign investors to enter into the health sector in order to support the development of the health sector, especially medical equipment products.
The Indonesian pharmaceutical market growth is higher than other ASEAN countries. The pharmaceutical industry market in Indonesia is driven by the growing population aged 65 years and older and also by Social Security (Social Security System). Currently, there are approximately 208 pharmaceutical companies in Indonesia.
Investments this year are expected to reach around 300 trillion. Investment opportunities in the country are still very promising. Previous data from the Pharmaceutical Association stated that national pharmaceutical industry sales could reach about US$4.9 billion. Based on contributions, multinational companies expected to make up about 23-24% of the US$4.9 billion. The Indonesian pharmaceutical industry market share is estimated at about or 0.4-0.5% of the world market share, which reached US$800 billion.
The potential market in Indonesia is 243.7 million people with per capita expenditure on health amounting to US$108 per year (2014 figure). Meanwhile, Indonesia imports medical equipment amounting to US$748 million annually and has the potential to import US$1.7 billion.
Prospects for the food and beverage industry, as well as retail trade, seem difficult because trends change lifestyles and the productive age group, as well as the middle class, is increasing as is the average income. Finally, the advertising media industry is still stretched thin, because it is supported by additional ad revenue from the elections.
Taking into account the above overview, investors are expected to be more careful in negotiating the direction of stock market movement. To that end, investors should remain focused on stocks of their prospective industry for long-term investment and not easily be swayed by short-term turmoil.
In addition to holding huge investment potential, Indonesia also has investment risks that need to be calculated for potential investors, including:
Demonstrations, which are a hallmark of a democratic society, take place every day in Indonesia, although they are usually on a small scale. Protests focus on a range of political, economic issues and social issues.
Corruption in Indonesia has not improved impressively on the annual Corruption Perception Index, which shows the level of corruption in the countries of the world. Indonesia number 118 out of a total of 176 countries, however, its performance has shown a steady increase since the beginning of 2004.
Indonesian Government and Beauraucracy systems are still considered as the most complicated among other countries. It is very likely for investors to face some hurdles and obstacles in doing business and invest in Indonesia. The important investment process like Company registration, Work permit, are still facing many difficulties and far from easy. And since the new government implemented stricter rules of investment this doesn’t make the situation any better. However, the government through the investment coordinating board already make commitments to reform their bureaucracy to ease the investment flow and process.
A lack of quality and quantity of infrastructure in Indonesia could hinder economic growth. The government realizes the importance of major investments in this area such as the construction of roads, bridges, ports, etc., but until now it has not been maximized, thereby reducing investment appeal.
Natural disasters in Indonesia such as earthquakes, tsunamis, volcanic eruptions, and floods often made headlines in the Indonesian media and cause casualties and damage to infrastructure. Indonesia’s location is in the Pacific Ring of Fire and its geographic area consists mostly of seawater. Both these reasons make Indonesia prone to natural disasters.
Inflation in early 2014 soared by 1.07% due to food inflation and a weak exchange rate, which currently has reached more than 12.000/US$. If the value of the rupiah is not stable, then the cost of production will be difficult to predict and the sale price of the product in the market is less competitive. When the dollars are likely to weaken, production costs will be greater and result in losses for investors who invest in the manufacturing industry. We recommend that investors seek Indonesian distributors as partners for foreign companies to establish business cooperation in Indonesia.
We must understand the high risk that the economic situation will face in 2014 and leads to a slowdown in growth. Indonesia’s economic indicators still show a good condition, although there is a change in direction of the current global liquidity due to stimulus plan funding restrictions of the Fed.
The Fed’s move to tighten stimulus funds totaling the U.S. $ 85 billion for the purchase of bonds each month was considered aiming to reduce the amount of money circulating in the community. The tightening of global liquidity is very different from the situation of 1997/1998 and also 2008. Tapering off when this occurred had not been triggered by the collapse of the financial sector, but because of the recovery. It shows Indonesian economy is ready to face the liquidity posture changes. Global liquidity is one of the four risk factors in the face of 2014. The other three are world oil prices, food prices, and domestic politics.
In the end, the world is watching Indonesia as one of the “fragile five” emerging economies. One of the main reasons investors become attracted to Indonesia in the first place is that there are so many problems that need to be solved, and therein lies a bundle of opportunities to back ventures that will solve these problems.
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.