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.
The Bank of Indonesia will continue to maintain the stability of the exchange rate, or at least minimize volatility, to support controlled economic growth.
In early 2014, the rupiah had climbed to 12,110 per US dollar, after the end of 2013 recorded an exchange rate that had depreciated by 5.77 % (mtm) to Rp. 11,963 per U.S. dollar. Based on market research and analysis, the depreciation was mainly triggered by the market’s negative sentiment regarding the planned reduction of U.S. monetary stimulus (easing) as well as the effect of Indonesia’s account deficit.
The effect of fluctuations in the exchange rate against the dollar on international trade can be seen from the side of demand and supply. On the demand side, while the rupiah weakened demand for domestic goods, and export will rise. On the supply side, the decline in the value of the rupiah resulted in an increase in imports of raw materials.
Production output will be down and ultimately will lead to inflation. This contributes to a decline in the volume of international trade transactions, which affects the balance of trade. These conditions are often utilized by investors to take profits through speculation.
Misleading moves by speculators to make a profit should be anticipated. A number of money changers (currency exchanges) should continue to be monitored. Do not let speculators exaggerate the issue that the U.S. dollar is not in the market because they it is overpriced.
Based on an Indonesia market survey, the weakening rupiah is in line with other regional currencies. This week, the dollar is in the BI middle rate of Rp. 12,025 up from Rp. 12,005 per U.S. dollar. Accordingly, the Bank of Indonesia said the exchange rate in January 2014 is still under pressure from a reduction of activity in the foreign exchange market at the end of the previous year.
• Investors hesitant to invest because the USD has high value against the rupiah.
• Performance Stock Exchange plummeted as a result of the rapid upheaval.
• Share prices decline in the stock price index.
In addition to the stock sector, exchange rate instability also has a negative impact on the Indonesian economy. For example, during the 1998 economic crisis, instability and even collapses occurred over the exchange rate in the foreign exchange market and made food prices rise, and ultimately caused inflation in Indonesia to continue creeping up.
Based on the research results of Indonesian market research, rupiah volatility in the global banking market increased. In early January, the rupiah closed up, as the U.S. dollar weakened against a basket of major currencies. Increased bonds yields have contributed to the negativity about the value of the rupiah. Market participants have concerns over emerging market currencies against which the movement of the U.S. dollar was higher, as a result of sentiment about the FOMC session. This is true not only about dollars, but also about the weakening impact of other emerging market currencies.
Inflation in the first week of January 2014 was recorded at 0.77 percent month over month, and 8.1 percent year over year. The figure was based on a survey conducted by The Bank of Indonesia. The Central Statistics Agency (BPS) recorded an inflation rate of 0.55 percent in December 2013. The annual inflation rate reached 8.38 percent. The Bank of Indonesia decided to keep the benchmark interest rate (BI rate) at the level of 7.5 percent. Interest rate lending ease and the deposit ease remained respectively 5.75 percent and 7.5 percent. The policy is considered consistent with efforts directed toward an inflation target of 3.5 to 5.5 percent in 2014, as well as control of the current account deficit to a healthier and more sustainable level. The increase in the BI rate is influenced by many things, not just domestic growth factors and inflation, but also external factors, which greatly affect the BI rate. External factors such as weakening economic growth and the depreciation of the rupiah against the U.S. dollar should also be anticipated.
The fate of the rupiah against the U.S. dollar (U.S.) in 2014 will probably be better than last year. A relatively controlled inflation rate in is a positive sign and a positive rupiah would lead to a new equilibrium level. National Economic Committee (KEN) estimates the exchange rate against the U.S. dollar will be in the range of 10,500 to 11,500 per U.S. dollar. The easing policy is necessary because the foundation of the U.S. economic recovery is getting better. Furthermore, this condition will stimulate the global economy to improve. Additionally, the U.S. is still the main engine of the world economy. Investors will be looking for opportunities that provide higher yields. Indonesia remains a country with the highest growth prospects because there are considerable opportunities for capital flow into the country.