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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 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.
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.
As a unique country with countless resources and diversities that make it rich with various business potentials, foreign direct investment in Indonesia should be highly considered.
Each province in Indonesia has its own prospects that can attract foreign investors to do businesses or foreign investment.
However, the two favorite destinations that foreign companies are familiar with are only Jakarta and Bali, whereas, in the reality, other major Indonesian cities also have hidden jewels that can be your next gold mines.
In this article, we will discuss the 8 most investment-friendly cities for foreign direct investment in Indonesia, other than Jakarta and Bali.
1. Surabaya, East Java
Surabaya is one of the Indonesian cities with the highest property growth. Even, this city is in the top five cities in Asia to invest in the property sectors.
One of the reasons is because this city is a business gate for companies that want to invest in the eastern region of the Indonesian provinces. Apart from that, Surabaya is also lucrative for its industrial and trading sectors.
One great advantage of investing in this metropolitan is the relatively lower cost of resources and living expenses compare to the great capital of Jakarta.
This condition will reduce the initial cost to start and run a new foreign company. Many companies in nearby countries, like Singapore and Australia have increased interest to invest in this capital city of East Java.
The local government of Surabaya is also getting more efficient with its bureaucracy, making the PMAs find it easier to deal with permits and other legal documents.
2. Pekanbaru, Sumatra
Pekanbaru is appointed to be one of the best cities for investment in Indonesia for 3 years in a row (2014, 2015, and 2016). This is the 9th largest city in Indonesia with the highest money and banking rotation in Indonesia. Currently, Pekanbaru is the host of several mega-foreign companies in the petroleum, oil, pulp, wood-sawmill, rubber-processing, as well as CPOs industries.
Also, as one of the major tourism gates – especially tourists from Southeast Asia and other Asian countries, it is also a perfect place for tourism industries. Shopping centers and properties are other strengths that this city has that invite many new PMAs to invest.
With extraordinary infrastructures, dynamic markets, a high-income population, and good governance, many PMAs are attracted to invest with the value of approximately 8 trillion rupiahs in 2015 and are expected to keep increasing drastically during the coming years.
3. Bandung, West Java
Bandung is another great city for investment and also a great place to live in. This city is so famous for its creative people. The creative industry is mushrooming in this capital city of West Java Province.
More interestingly, there are many startup companies showing how open the people and the government are for new ideas. This is absolutely a great place for you to start your investment in this culturally rich city.
Moreover, in 2015, the foreign direct investment in the West Java Province hit the amount of 77 trillion rupiahs – exceeding the amount of FDI in Jakarta, which was only 64 trillion – and this number continues to grow, especially in its several big cities, like Bandung (Bandung contributed 9.4 trillion rupiah for its FDI in 2015).
Some great potentials fields for investment in Bandung include creative industries (such as e-commerce, advertising, fashion and apparel, designs, etc.), telecommunication, science and technology, tourism, housing and property, health care, goods and services, industrial sectors (including metal, pulp, textile, agro-industries, electronics, chemical, etc.), environment, as well as trading.
Yogyakarta is the heart of cultural heritage and tourism on Java Island. It is a special province that is led by a Sultan. Apart from its traditional values, it is also a metropolitan city in Java. This condition enriches the dynamic of modern societies that still care about nature and its values.
It is proven by the existence of one of the oldest and most reputable universities in Indonesia in Yogyakarta—Gadjah Mada University—which shows how Jogjakarta can be a great place to live for people with diverse backgrounds.
In terms of investment, the tourism industry is the biggest magnet of this city. Property is another field that attracts investors because the land is vast with beautiful sceneries and a perfect atmosphere to live, study, and do business.
Food and beverage, retail, automotive, textile, pottery, handicraft, furniture, fashion, jewelry (especially silver), and leather are some popular industries in Yogyakarta. Its fertile soil is also perfect for agricultural and agribusiness sectors. Transportation and machinery industries are other potential fields in this city.
5. Makassar, South Sulawesi
Makassar – in the leadership of the current Mayor – has issued a policy to invite foreign investors in some of its mega projects, including transportation, energy, maritime, fishery, trading, tourism, healthcare services, property, and infrastructures.
Especially for property, the chief of Indonesian Real Estate (REI), said that this year, the prospect of real estate development in Makassar is positive due to the high economic development in Sulawesi.
The economic growth is very high in Makassar, exceeding major areas in Indonesia. It shows that even in a difficult condition of the global economy, Makassar can take care of itself well. The purchasing power remains high, the income per capita increases, and the businesses survive – some even develop very well.
6. Medan, North Sumatra
In general, Medan is in the top 10 of the best cities for property investment in Indonesia in 2016. It is because of its vast area—the 4th largest cities in Indonesia after Jakarta, Surabaya, and Bandung and the 1st largest city outside Java—and excellent economic development.
Medan is also one of the busiest cities in Indonesia, with its main seaport that contributes to one-fifth of the total containerized export in Indonesia. It shows that trading is another strength that this city offers.
Manufacturing, retail, food and beverages, warehousing, telecommunication, mining, and chemical, are some potentials that Medan offers for foreign direct investment in Indonesia.
7. Samarinda, East Borneo (East Kalimantan)
Borneo or Kalimantan has become a target for Foreign Direct Investments because there are 3 provinces that are appointed as the 10 most targeted provinces (out of 33) for FDI in Indonesia. One of the best destinations in Samarinda, the capital city of East Borneo Province.
In 2015, the total investment in this city was 7.1 trillion rupiahs. Property sectors contribute to 20% of the number. Other interesting sectors include trading, mining, oil, and retail industries.
Since the location of the city is also close to the petroleum city of Balikpapan and also other industrial cities like Kutai Barat, the growth of property and business sectors—especially trading and retail—in Samarinda is relatively high.
It is because Samarinda has a strategic location to become the home offices or headquarters of those big companies in the nearby area. In addition, among 536 bank offices across East Borneo, the highest number, or 195 of them are in Samarinda, showing that this city has a very good economic condition compares to the other big cities in East Kalimantan.
8. Semarang, Central Java
The development of industrial areas in Semarang as well as the growth of retail and trading sectors make Semarang a perfect destination for investment.
Central Java Province itself is in number 6 of investment targets in Indonesia, and Semarang is the number 1 city in Central Java that becomes the host of many foreign companies.
Because of its demographic, many companies are labor-intensive companies, such as apparel, machinery, textile, etc. Moreover, Semarang is the 5 biggest city in Indonesia with a dense population.
Also, it is close to several industrial cities, but relatively with better infrastructures, facilities, and entertainment. For those reasons, the property sector will become a great advantage to invest in for the coming years.
There are some other investment-friendly cities in Indonesia, with some potential in various distinctive sectors that may be suitable for your business, such as Banten, Banjarmasin, Balikpapan, etc.
Cekindo can help you find the best investment destination that suits your interests. The unique condition of Indonesia makes investment in almost all fields possible. You just need to find the right place to reap the lucrative advantages of investing in Indonesia.
Our professional team will assist you to make the most suitable investment plan for your business, contact us now!