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.
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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.
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.
With a current political and economic climate that highly supports foreign investments, Indonesia has become a lucrative target for many foreign investors. So, the question of how to start a business in Indonesia has come so frequently to our mind. In this article, we would like to discuss more on the things every foreign investor should consider before entering the Indonesian business sector.
Before you decide to start your investment in Indonesia, you need to know step by step how to start a company and you need to consider the following things:
Please note that some sectors or industries are prohibited or limited to foreign investment. The list is written in the Positive Investment List. In the list, some sectors limit foreign ownership from zero (0) to ninety-five (95) percent. This will lead you to a further question: Whether you should find a local partner(s) or not. However, some businesses are allowed to be fully owned (100%) by foreigners.
Since the government of Indonesia wants to protect its micro, small, and medium enterprises, there is a policy stating that to open a business in Indonesia, the company needs to be registered as a foreign limited liability or PMA. To establish a foreign company, it is obligated to meet certain requirements regarding minimum investment and paid-up capital (Read: How to establish PT PMA in Indonesia).
Although Indonesia is listed as the fourth most populated country in the world with over 60% of the total population is in their productive ages (15-60 years old), not all of them are having sufficient skills to participate in the industrial and commercial world.
It is because the education sector does not spread equally in its large territory. This condition causes companies to face difficulties to find talent pools, especially in areas outside Java Island.
On the other hand, hiring foreign talents also requires complex requirements. This will become a challenge that every PMA needs to solve. Some successful PMAs in Indonesia address this issue by providing considerable training to fill the gap of talent shortage.
Therefore, you need to be really selective in choosing human resources based on your needs to avoid more costs by hiring unskilled or unsuitable people.
Indonesia is not only the biggest archipelago nation in the world but also the most complex and fragmented market. Considering that there are many races, languages, religions, customs, and values, you cannot treat Indonesia as a single market entity. Every target group has its own needs that the business needs to address.
You have to highlight that the bureaucracy in Indonesia is so long and complex. And make any foreigners who are new to this environment feel overwhelmed.
Although the government has already started some online systems and One-Stop-Service Center to cut the bureaucracy, there are still some complex processes to go through (Read: Easy Investing in Indonesia).
On the other hand, the policies or laws are often inconsistent and changed (for example regarding the Negative Investment Law and the Bankruptcy Law). This should be put into your awareness that keeping up-to-date with the recent laws and policies is very important.
We have a guide for you to know the overview of business setup in Indonesia (Read: Overview of Business Setup in Indonesia)
The development in Indonesia has long been focused on the area of Java Island (6 Provinces: The Capital City of Jakarta, Banten, West Java, Central Java, The Special Region of Jogjakarta, and East Java). All the infrastructure and facilities are highly concentrated on this Island. Therefore, doing business in these 6 provinces in Central Java has been becoming a trend for so long.
However, there are also some other big cities on other islands that are targeted by foreign investors. All you need to consider is to do research to match your business with the places that have the biggest potentials to support your company.
Indonesia has plentiful and diverse kinds of natural resources. If you need natural resources and raw materials to run your business, make sure you know where you can get them easily. Consider that Indonesia consists of islands that spread over a vast territory. The distribution of goods can be extremely costly.
Regardless of the business sectors, many foreign companies expect to run profitable businesses in huge markets with fast-growing economic conditions.
You may wonder what business entity you should choose to legally operate your business in Indonesia. Further, we will help you understand Indonesian Company Law.
If you have seen the potential of this archipelago country and considered taking part in its business sector, you need to know what kind of investment you can perform in Indonesia.
To start a business in Indonesia, first, you can either open a representative office or make a direct foreign investment (PT. PMA).
The representative office (RO) is basically set up for a specific purpose, such as promotion, marketing, buying-selling agents, or market research. As an RO, you will get an operational license for generally 2 years.
In order to invest directly in Indonesia, you need to establish a limited liability company. And it’s owned wholly or partly by a foreigner(s) that is called PT. PMA (or simply PMA). There are so many legal documents to prepare along with some requirements that should be met by the company.
The establishment of PMA is governed by Law No. 25 year 2007 (Investment Law) and Law No. 40. Year 2007 (Company Law).
Before you decide whether you want to establish an RO or a PMA, you also need to know about the Negative Investment List. It is because some industries in Indonesia are strictly closed or partially closed to foreign investment.
The list is subject to revisions by the central government of the Republic of Indonesia so you have to keep yourself up to date about it
For the sectors or industries that are partially closed to foreigners, you still can run your business or PMA in Indonesia with the existence or co-partnership with Indonesian citizens.
After you have understood the negative investment list as well as decided the type of investment you want to have. You can start preparing some prerequisite documents to start establishing your company so that you can start running a business in Indonesia.
You have to be fully aware that the bureaucracy is rather complex because the company registration process deals with various government institutions. And it comes to deals from the lowest level to the ministry level.
For the very first step, you need to get in touch with the Indonesia Investment Coordinating Board (BKPM). Even though BKPM has already had a One-Stop-Service Center (OSS-C) to improve its services and cut the bureaucracy procedure.
You may be overwhelmed by the small details if you are totally a new person, and also because not really familiar with the local rules and language.
Considering the many legal requirements and documents needed in every phase of company registration, our professional team will aid you with the helps you need to establish a legal business entity in Indonesia.
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