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.
There is no better time than 2021 when it comes to starting a business in Indonesia as a foreigner. The Indonesian government has recently implemented various policies that are more business-friendly to improve the investment climate in the country.
If you are a foreign investor looking to invest and start a business in Indonesia, you can be relieved that today, business incorporation in Indonesia is getting much easier and more convenient.
Registering a Company
If previously the company registration process required at least two months to be completed, the case is different in 2021. Now, a foreign investor can have their company registered in between one and 1.5 months.
What is more, if you plan to establish your business in Jakarta, you are not required to submit Company Domicile (SKDP). This regulation has been running effectively since May 2019.
Working Immediately with an Investor KITAS
If you are a foreign investor who is going to fill the positions of a shareholder and a director or a commissioner, an Investor KITAS is available for you and the good news is, this stay permit allows you to work right away.
Furthermore, an Investor KITAS comes with noteworthy benefits that include easy application and waiver of work permit government fee (DPKK).
There are two options available for Investor KITAS. As a foreign investor, you can choose whether to apply for the 1-year KITAS or 2-year KITAS. Both types of KITAS allow you to enter and leave Indonesia multiple times as long as your KITAS remains valid.
In order to be able to enjoy the benefits of an Investor KITAS, you are required to invest a minimum of IDR 1 billion in invested shares. And, the company is required to have an invested capital of more than IDR 10 billion.
Business can Start Operations Right Away
As if the two changes elaborated above were not enough, your business can now start operating right away as long as it has secured a Business Identification Number (NIB) that can be applied through the Online Single Submission (OSS) system, which has been upgraded to OSS 1.1. In other words, no additional licenses are required.
There are 45 business fields that have been added, namely call center, event organiser, travel agency (ticketing) and education and/or training (among others). For more details, please contact our business consultant.
In order for your business to be able to operate in Indonesia, you will need to register a company. For a seamless start, you need to choose a legal entity.
The most common options of legal entities available for foreign investors in Indonesia are Foreign Limited Liability Company (PT PMA), Local Limited Liability Company (PT) and Representative Office.
Since the majority of foreign investors would choose to incorporate a PT PMA in Indonesia, we will elaborate more about the nature of PT PMA.
The foreign ownership for a PT PMA ranges from as little as 1% to 100%. To know more about foreign ownership in Indonesia, you should read through the Negative Investment List or consult with our specialist. Moreover, a PT PMA can employ foreign workers.
What are the Requirements for Setting up a PT PMA?
For a PT PMA to operate in Indonesia, it should consist of at least one director and one commissioner (one of which must be an Indonesian), plus two shareholders (can be foreign or local individuals or corporations, or a combination of both).
A PT PMA requires at least IDR 10 billion of capital investment, with the minimum paid-up capital of also IDR 10 billion as well.
Except for Jakarta, a domicile letter is still required for company registration in Indonesia. It is important to know that a residential address is strictly prohibited to carry out a business in Indonesia. If you want to avoid a large cost of building up a new office, you can always opt for a virtual office or a serviced office in Indonesia.
How to Establish a PT PMA via OSS?
As briefly mentioned above, to streamline the establishment process of a business entity, you have to apply via the OSS to obtain the NIB and other relevant licenses.
In short, the process is as follows:
After your business is successfully incorporated in Indonesia, you are obliged to secure stay and work permits for your foreign employees as well as securing a bank account. If you are not sure about the process of both, you are welcome to discuss with us.
Implementation of Omnibus Law
Despite the recent business-friendly policies, many complicated regulations hampering foreign investments are still found. Through the implementation of the Omnibus Law, thousands of laws are to be amended, including taxation and labour.
No more Negative Investment List
The Negative Investment List in Indonesia may soon be replaced by a Positive Investment List, which is also known as a Priority List. More business sectors will welcome foreign investments, such as automotive, coal gasification and electronics, as well as export-oriented and import-substitution.
It is important to take note that policies and regulations may change constantly in Indonesia to encourage more foreign direct investments. You can refer to this guide on business incorporation in Indonesia.
However, to get the most updated policies and regulations related to starting a business in Indonesia as a foreigner in 2021, you are recommended to get in touch with our business experts.
In addition to providing fresh guidance, our specialist can also assist you in providing market-entry and corporate secretarial services.
If you require further information and reliable assistance in starting a business in Indonesia, particularly in company registration, business licenses, visas and permits and product registration, among others, reach out to us by filling in the form below.
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.