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.
The start of the pandemic in 2020 saw several newly established startups slowly crumble due to the changes in the market. In the tech industry, the changes resulted in massive startup layoffs. However, businesses have also quickly adapted to slow the unemployment rate—data from Layoffs.fyi, an online layoff tracker tool, shows that the bad times are well on their way.
Although some companies can sustain themselves, such as software companies, they enjoyed high demand from investors and customers, which led to the SaaS bubble.
According to Layoffs.fyi, job cuts in Q1 of 2022 reached close to 10,000, while Q2 of 2022 has reached 8,700 already worldwide, and we’ve only reached June. The numbers are still far from the 60,000 job cuts in 2020, but the trend is not good.
May has become the worst month for layoffs. Big names like Cameo and Robinhood have gone through personnel cuts. This pivot hurts staff retention but can benefit the product over time.
The tech unicorn companies that caused a boom in the pandemic by creating jobs may have overpromised their potential growth and ability to raise funds in the upcoming funding rounds. This, in turn, is the reason for the layoffs, which is ironic.
The startup world that saw initial panic during the beginning of the Covid-19 pandemic took their companies into a state of expeditious adjustment to turn into thriving businesses as they adapted to soaring markets and changing consumer behaviors.
With the tech industry focused on only growth for the past decade, the reality suddenly hits differently for those unable to capitalize on the time that has been given and is now running out.
The stock market drops at the beginning of May, combined with the Ukraine-Russia war, and the rising interest rates leading up to global inflation also contributed to the bubble burst.
Today’s situation makes startups, especially at later stages, experience the complete opposite of good times. What was seen as the rebound year after facing the pandemic for well over two years now, 2022 has other plans. Tiny startups’ plans to move on to becoming powerhouse businesses seem much more difficult. VC-backed companies have also decreased their valuation this past year, resulting in startup layoffs.
Since raising funds in the following rounds will no longer be as easy as in the past two years, VCs have advised investors to spend wisely. Especially for startups in their growth stage with multi-million dollar valuations with a high burn rate and about a year worth of cash.
With this downturn, VCs are not planning to completely stop making deals since there is still money to spend. However, record-high valuations and deal sizes will have to be adjusted more while investing in the digital talents of startups.
Startups will indeed have to compete more for VC investment and develop proper management strategies to sustain their business and the people. One good news, though, is that startups that make it out alive during this carnage will come out stronger than ever.
Rudiantara, the Chairman of the Indonesian Fintech Association Supervisory Board, stated that the recent startup layoffs in the industry carrying prominent names like Zenius and LinkAja do not indicate a startup bubble burst.
With recent headlines announcing digital talents being made redundant due to a low employee retention strategy, Rudiantara still believes that this is, in fact, the nature of the industry. With a 10% fail rate within the first year and a 90% fail rate within five years, he thinks this is still an improvement compared to the 2016-2017 period.
The former Communications and Informatics Minister thinks this phenomenon is caused because investors are now more focused on profitability instead of hypergrowth, which would then influence business owners to implement a more strategized working method.
Seeing the startup layoffs happening worldwide, panic and fear seeping into every single person are but the norm. The slowdown of funding has the whole startup scene wondering whether this is a bubble or inflation has gotten the better of the industry.
Some companies would highly disagree with this as they are still hiring new and fresh digital talents who can provide ideas to improve companies. Finding a new job with abundant digital talents is arguably a more intense battle.
However, by implementing staff retention strategies, employees would focus on improving themselves, and finding a new job wouldn’t be necessary. The conversation goes beyond salary benefits when discussing retaining startup talents, especially being a smaller company.
Thinking like the big guys is one key to staff retention. The big guys focus on providing add-ons for employees who look to enrich their personal and professional skills. A company, in this case, must not only promise but also pay attention to delivering these promises.
An environment like this provides the company with a slight edge in keeping employees as it feeds into the path of progression and development, seeing that a company is investing in its employees.
Outsourcing HR activities is not frowned upon and should be considered when planning a successful employee retention program. Cekindo provides HR Functions that can be used when planning such initiatives. Pro tip: A good employee retention program works with only a solid and motivated HR team.
One more thing the ‘big guys’ do is consistently define the roles and processes for every employee, especially for those who also require the use of soft skills like management. This is where a company could use the multitude of HR Systems to manage the team’s development and progress appropriately.
With 10 years of experience in business consultancy, Teddy Willy offers expertise in financial and production auditing, sales and marketing, channels and distribution, supply chain management, and human resources for every business sector in Indonesia.