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 Indonesian economy has been growing at a staggering pace in the past decades, but the country’s state of health is currently facing complex problems.
Due to the lack of national reformulation agenda by the government, the majority of consumers depend on the food industry for healthier products. Therefore, they have a pivotal role to play in restructuring national health by providing more healthy products to Indonesian citizens.
According to Statista, Indonesia’s revenue in the Vitamins & Minerals segment is expected to clock USD 325.66m in 2021 and is set to grow at 2.80% annually (CAGR 2021-2025). The segment only comprises over-the-counter natural and synthetic food supplements.
In addition, World Bank data also show that Indonesia’s health expenditure per capita is on the rise, from US$27 US dollars in 2004 to US$112 US dollars in 2018, growing at an average annual rate of 11.52%.
This increase is mainly due to higher demand from the younger population; Indonesians’ standard of living is rising due to better-paying jobs, which increases the size of the middle class, which in turn spends more on health products, including food supplements.
From fulfilling the demand for cereals to diversifying diets towards more balanced nutrition, Indonesia is leaving no stone unturned in bolstering the Health and Food Supplement market. Following are some key market drivers for food and nutrient supplements in Indonesia.
Over the past 15 years, Indonesia has witnessed its middle class grow from 7% to 20% of the population. Subsequently, their consumption has also been growing at 12% annually. Accompanied by a high rate of urbanization, the dietary patterns have shifted towards more balanced nutrition. Access to the latest information has led middle-class consumer demands towards healthier and more diversified food.
As per a survey by Rakuten Insight conducted in July 2020, 84% of respondents from 25-34 years old and 83% respondents from 35-44 years old stated that their intake of dietary supplements like herbal or botanical substances, minerals, and vitamins have increased after the outbreak of the coronavirus disease. As suggested by these figures, the younger demographic is also inclined towards the use of dietary supplements, making this industry a promising prospect for investment.
Life expectancy in Indonesia has risen phenomenally from 45 to 69.2 for males and 73.6 for women. Furthermore, the birth rate has also declined dramatically, making Indonesia the fifth-largest country to have an elderly population in the world.
As the elderly body’s capacity to absorb nutrition from food often gets reduced, it renders them rely majorly upon vitamin supplements to balance their diet.
The culmination of all these market drivers coupled with the fact that most supplements are imported (according to Ministry of Health data in 2017) has set the stage for foreign investors to capitalize on untapped potential opportunities available in the market.
For starting a business in Indonesia as a foreigner, company establishment is required to proceed to product registration. The two common types of legal entities are PT PMDN (Local Company) and PT PMA (Foreign Company), each has its own advantages.
After setting up, the company also must have an Indonesia Import License – locally known as Angka Pengenal Impor (API) in order to become an importer in Indonesia.
Subsequently, it is also mandatory to go through The Standard Procedure of Food Supplement Registration to start a venture in the food supplement industry. One must go through the stretch of processes including pre-assessment of required documents and assessment of the actual products by the Agency of Drug and Food Control Republic of Indonesia.
Also, since the majority of the population in Indonesia follows Islam, investors should certainly care about halal certification issued by Indonesia Ulema Council (MUI) as well.
Complying with the local regulations of product registration, import-export, company establishment, and halal certification may be challenging to investors. Thus, it is always viable to have an outsourcing entity like Cekindo consult you through the stretch of these processes. Cekindo can also act as your Importer of Records provider in Indonesia handling all aspects of importing, including documentation, payments of duties, and delivery of your product.
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.