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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 todays 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 more than 260 million of the population, Indonesia’s middle class is growing rapidly. Coupled with the affordable access to mobile devices, these factors are now shaping Indonesia into a fintech ecosystem, allowing many Indonesian startups to venture primarily into e-commerce and ride-hailing markets.
Read more: An Introduction on the FinTech Landscape in Indonesia
Beginning a journey as a startup in Indonesia is definitely not an easy feat.
While accessing updated and important information is limited, business startups in Indonesia still have to face challenging issues and come up with effective solutions.
This article will guide you, as an investor, to know what to consider when running a startup in Indonesia. To be as objective as possible, we included all the good and the bad.
Indonesia has been known as the largest Southeast Asia online market. Since 2012, the country has successfully received the most venture capital deals from the emerging markets worldwide.
International giants such as Alibaba, Expedia, Alibaba, Tencent Holdings, and Rakuten Ventures, JD.id are pouring enormous investments into Indonesia, hoping to reap the most profits by grabbing a piece of this ever-growing pie.
In 2016, Indonesia has gained US$631 million disclosed venture capital, a massive growth as compared to the US$31 million in the previous year. The growth was even more shocking as the investment achieved US$3 billion deals in September 2017.
According to a study done in 50 countries by CB Insights, Indonesia has gained first place in the category of “startup frontier markets”. This category is defined as the “hotspots of raising venture capital (VC) outside of places where mainstream VC is concentrated.”
In addition to that, Jakarta tops the rank of the top ten frontier startup cities, followed by Dubai, Vienna, Istanbul, Kuala Lumpur, and Bangkok.
On a larger global scale, approximately 60% of all VC deals are directed into US-based companies. The rest of the investments are primarily invested in the UK, China, India, Germany, and Canada.
Indonesia gains more attention than ever. This emerging market is attracting international startups mainly.
Statistics have shown that in Southeast Asia, internet use is growing much faster as compared to other parts of the world. A study from Google also indicates that over the next five years, there will be whopping 124,000 users go online almost every day.
By 2025, Indonesia is anticipated to have an ecosystem that comprises more than 50 percent of all e-commerce markets in Southeast Asia with an estimated value of US$46 billion – thanks to the unique advancing mobile-first market.
As an avid supporter of technology and digital innovation, the influence of Indonesian President Joko Widodo does help to heighten this particular market. One of his plans in this burgeoning market includes the creation of 1,000 domestic tech startups by 2020, with a total value of US$10 billion.
This might be shocking to other countries, but Indonesia is considered a highly unbanked nation with only a small percentage of its population owning a credit card.
With the increasing globalization, revolutionary technology, and evolving work patterns, Indonesia is now encountering huge challenges in terms of skills needs, and talents to keep up with workforce requirements, the International Labour Organization reported.
According to The World Bank, one of the factors that lead to skill and talent gaps is poor education. Inadequate education also causes people to be lack critical thinking skills is particularly crucial in order to run a startup in Indonesia.
Read more: Hiring Talents and Manpower: HR and Recruitment in Indonesia
Indonesia is ranked 72nd by the World Bank for the ease of doing a business (EDOB). Additionally, Indonesia is claimed by AFP as one of the countries in the world having a bad reputation for its startup bureaucracy.
This is because on average, in countries like the United States, it takes five procedures and five days to set up a company; and in Denmark, it merely takes 5 minutes with an online application. Meanwhile, in Indonesia, nine procedures with 47 days are considered standards for entrepreneurs to set up a company in Indonesia.
Indonesia’s poorly developed transportation infrastructure creates a lot of opportunities for startups but poor roads and unclear addresses make the process cumbersome.
TechInAsia indicates that Indonesians, as “late adopters”, prefer to purchase products and services that have gained popularity in other markets, as well as products and services they have already heard of.
As a result, this behavior makes adopting new and innovative ideas more challenging in the emerging markets in Indonesia.
Major cities like Jakarta and Bali have the most co-working spaces in Indonesia whereas this type of facility is scarce or almost non-existing in other regions of Indonesia. Thus it could be challenging for startups in Indonesia if the company is not located in one of the major cities.
Running a startup is tough. Running a startup in an emerging market in Southeast Asia is even harder. This is why when you go behind the scene, you will understand that so many entrepreneurs would test and perfect their business models before setting their foot in the markets to ensure a successful entry in the startup in emerging markets.
Nonetheless, Indonesia is an absolutely alluring case. One would expect that foreign investors are not ready to venture into this challenging business environment.
The truth is, entrepreneurs, international giants, and foreign venture capitalists remain highly optimistic in Indonesian markets – because the tremendous opportunities are clear to see. They are just right in front of you.
The original article was published on Greenhouse’ blog
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.