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.
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.
How can you find a reliable business partner in Indonesia who does its business well? In the past 15 years, since the fall of General Suharto and the end of the Asian financial crisis, Indonesia has become as open as ever for foreign businesses.
Foreign companies or companies owned by foreigners have contributed to Indonesian GDP in the biggest sectors such as oil and gas, banking, or insurance — by 50 – 75%! The remaining 2012 increase was delivered by domestic firms. In developed countries, the situation is quite the opposite: 75% of GDP is produced by local businesses.
Back in 1967, soon after Suharto came into power, foreign investors could own 5% of the enterprises and national assets in Indonesia. Today, foreign companies have nearly 92% of the market in Indonesia, with the potential to grow further.
Considering that Indonesia has a population of 250 million that is still growing, it creates 3 million new customers every year. Given the booming economy, the market is, generally speaking, still far from saturated. Indonesia ranks among the top countries for foreign investment and the government is working to make foreign investment in Indonesia easier – a great place to find a business partner.
At an international exhibition, in the media, through a chamber of commerce, with the help of a local agency, your embassy, or just on Alibaba.com? There are many possible ways and none of them is really the right one. Whichever way you choose, you will probably meet both promising as well as incompetent potential partners. We would like to give you a few hints to make sure you will find and choose the right business partner and thus become successful in the Indonesian market.
If you are new to South East Asia, this might be a big surprise for you. Indonesians love to smile nearly all the time, talk on any occasion and sometimes exaggerate. These cultural features also apply to business dealings. A local businessman can smile at you even if made a mistake and all of your money got wasted. Especially if you do not understand the language, do not suppose things are running smoothly when the partner is smiling or even laughing and bring an interpreter to the business meeting.
People in Indonesia tend to be positive. In combination with their tendency to exaggerate and different perceptions of time, a foreigner might get easily confused about the real potential of one’s business. If a company representative tells you that he awaits delivery of 50 products from your next month, because it is crucial for his business, chances are you will need to send a sample next month and they might order something a few months later. Or maybe never.
Special attention should be paid to the word Inshyallah. While this word could be translated as “with God’s will”, literally it means that something good or important is most probably not going to come true. Easier to identify is the collocation mudah-mudahan, translatable as hopefully and expressing speaker´s wish.
It can also easily happen, that your potential business partner will promise something he can or will actually barely influence. Your cultural awareness should protect you from further disappointment. Moreover, you understand now that there are better sources to rely on than the words of a company representative – for example, data from an annual report.
Be ready for personal questions at any time, during your taxi ride, embassy event, or even business meeting. Your religion or your family are not considered to be your business only. If someone asks, just answer. And if we can give you advice, avoid saying you are (or someone from your family is) an atheist. In a country with many different religions, citizens have obstacles to understand how you cannot believe in God. If you are really one, keep it for yourself and rather say you are agnostic (you do not know, if there is a God or not, but you do not refuse him), or just pick the religion of your parents. It is just a part of the local small talk and claiming you are Muslim, Christian, or agnostic is unlikely to affect your business anyhow.
When you want to really know, how your new business partner may represent your company. Make sure about his company’s legal status first, check his complete catalog, visit his office and warehouse. Count the number of products. Then have a look at the turnover and other figures in the annual report. You instantly get an idea, how big your business might grow in a few years with this business partner. If still relevant, check the catalog again, pick a similar product to the one you would like to sell in Indonesia, and contact the producer to find out, how he feels about the cooperation with his current representative in Indonesia so far.
To trade in Indonesia is from a historical point of view a relatively safe way of being an entrepreneur, certainly a lot safer than producing anything. The products can be moved to a safe place in case of riots, unlike a factory. Therefore after a few riots during the last century, trading became very popular in Indonesia. A vast majority of the products have more intermediaries involved on the way to the customer, than in developed countries. The problem identified in this path is actually no added value delivered by the extra links in the chain. This means that in the distribution cycle, there are often people or companies, which are definitely not vital and basically only raise the final price for the customer. Therefore to companies that use deliveries by Indonesian businesses we highly recommend always ensure that the business partner is the producer or at least the first distributor. Very useful in this point, as well as in other previously mentioned matters, is the help of a reliable agency with a record in helping foreign businesses to enter Indonesia. They might find you the cheapest producer and even become your sole intermediary, and they will help you solve everything else including all the paperwork.
If you have been doing trade in Asia, you know that a business meeting has usually a hard part concerning bargaining the conditions. Indonesia is not an exception. Does not matter if your company is big or small, you might be offered ridiculous conditions anyway. Some companies might try to convince you, that it is a norm for a new partner to deliver the reseller goods on consignment. This would mean that if they do not sell something, they will just return it and the costs will be covered by the supplier. These conditions are usually not a standard unless you are approaching the FMCG industry.
Knowing the Indonesian reality will help you understand that before accepting a delivery based on such a trading arrangement you might be sure that you detail screen your Indonesian business partner. In other cases can such type arrangement easily lead to sunk costs.
A reliable and stable business partner does not always require these conditions and we cannot stress more the importance of avoiding consignment sales apart from the FMCG and similar sectors. To check, if it is really a norm to close consignment sales in the industry or if your potential partner is only pulling your leg, we again encourage you to contact one of the established agencies for foreign investments and trade.
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.