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.
Investing in Bali real estate and throughout Indonesia has become more accessible with the introduction of new laws. These laws actively encourage foreign property investments, especially in the captivating destination of Bali. This new regulatory environment is transforming Bali real estate market into an attractive hub for property investment.
Global property markets faced stagnation in recent years due to the COVID-19 outbreak, and Indonesia was no exception. However, the long-term outlook for Indonesia is optimistic. Several factors contribute to this optimism, including relaxed foreign property ownership regulations, affordable property prices, and a delayed purchase decision by many buyers, bringing new opportunities in the following year.
The trend of buying property in Bali has seen a remarkable surge in return on investments and capital gains. Property prices are rising to 40% in some popular areas, making it the highest increase rate in land prices across Indonesia.
Regarding taxes, the Indonesian government has revised the luxury goods (PPnBM) tax policy for properties. Previously, apartments with a selling price of at least IDR 10 billion and houses with a selling price of at least IDR 20 billion were subject to a 20% luxury goods tax. The latest revision has raised the minimum price to IDR 30 billion for all property types, aiming to stimulate Indonesia’s luxury property sector.
In 2019, AirDNA, a leading data and analytics provider for global short-term vacation rentals, recorded an increase of 42,000 active rentals in Bali listed on Airbnb and HomeAway. These active rentals accounted for a 7% quarterly growth since 2017, with an average occupancy rate of 57% and an average daily rate of US$144.
Bali is on the path to recovery as the local government initiates an island-wide vaccination program, prioritizing hospitality workers, and the central government reopens its borders for selected visa holders. In April 2021, domestic arrivals in Bali reached approximately 8,000 visitors a day, 50% of the pre-COVID-19 domestic arrivals, according to the Minister of Tourism and Creative Economy, Sandiaga Uno.
After the COVID restrictions were lifted around the world, Bali has made a comeback in its tourism sector, marked by the increase in total tourist arrivals since 2022. Hence, the Accommodation and Food Services Industry’s contribution to Bali’s Economic Growth increased by 5.83% in the first semester of 2023.
Based on last year’s report, the real estate market has continuously experienced an increase in prevailing prices from the second quarter of 2022 to the second quarter of 2023: 2.61 for the second quarter of 2022, 2.64 for the first quarter of 2023, and 2.72 for the second quarter of 2023.
Meanwhile, the actual prices during that time slightly fluctuated but still managed to increase over time for the second quarter of 2023: 1.90 for the second quarter of 2022, 1.86 for the first quarter of 2023, and 1.92 for the second quarter of 2023. Looking at the track record of the real estate sector in Bali, it appears quite promising for those interested in doing real estate business in 2024.
With the enactment of the Omnibus Law, the government has amended various stipulations in Indonesia’s Spatial Law, Building Law, Housing Law, and Apartment Law to improve the ease of doing business, especially in the Indonesian property sector.
Previously, investors buying property in Bali had to obtain a spatial utilization permit issued by the local government, a lengthy and complex process that varied from region to region. However, the Job Creation Law has replaced this with a document called Kesesuaian Kegiatan Pemanfaatan Ruang (Space Utilization Conformity), simplifying the ownership process.
Each local government uploads a detailed spatial plan to Indonesia’s Online Single Submission (OSS) system, a central digital system for processing business-related permits. This allows businesses to self-assess their proposed activities, streamlining the licensing process.
Another significant change is the approval for foreigners to own apartments under a Freehold Title Certificate for Apartment units built on land with a Right to Build or Right to Use permit. While this streamlines the process, certain conditions and requirements remain, particularly for foreign investors starting construction from scratch.
Building owners must appoint a group of building service providers, including a planner, manager, and supervisor, which may increase production costs.
Right of Use and Right to Build is ownership over a housing unit or apartment owned or possessed by a foreigner in Indonesia. However, it is not permanent; it has a validity period and needs to be extended according to the law.
Based on Government Regulation No. 18/2021, foreigners who hold a stay permit in Indonesia under the laws and regulations can own a house for residing or occupancy with the Right of Use. Foreigners can own residential houses on land with the right of use and apartments with the right of use and the right to build.
This means foreigners can actually buy real estate in Bali.
There are a few restrictions given to real estate (houses) owned by foreigners, such as:
Despite promising markets and relaxed regulations, potential property buyers should be aware of eight common mistakes before investing in Indonesia, especially in Bali:
Depending on what type of activities you want to undertake, different types of property rights are available to the holder:
If you’re considering buying real estate in Bali, navigating the vibrant market requires insights from experienced Bali real estate consultants and agents who possess the expertise to guide you through diverse options, from strategic investments to the acquisition of exclusive estates to the beachfront properties and luxury real estate for sale in Bali.
While the government has relaxed regulations, purchasing real estate in Bali can still be challenging. InCorp Indonesia (formerly Cekindo) offers comprehensive services to assist with setting up your land and property investment plan securely, including due diligence and understanding foreign ownership regulations. Let us know what you need by filling out the form below.
Holding 11 years of experience in various roles, including project manager, operational manager, and corporate strategist, David Susandi is a prominent figure for many entrepreneurial organizations expanding in Indonesia.
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.