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.
Tax incentives are implemented to give taxpayers and investors direct benefits to take a particular action. This is widely seen for governments to encourage companies to invest and develop infrastructure in Indonesia.
Tax incentives are particularly important in Indonesia under President Joko Widodo’s governance, with an effort to boost Indonesian economy through investments.
In addition, tax incentives have long been a mean for countries to enhance productivity and rapid economic growth. They involve cutting taxes in exchange for operations or implementations that will benefit the economy in the country.
Countries such as Malaysia, Ireland, Taiwan, Singapore, and Korea are the popular adopters.
In 2017, a variety of tax incentives, such as tax allowances and tax holidays, were offered by the government in Indonesia for investors.
Among the many industries in Indonesia, investments in trailblazing industries such as oil and gas sector, metal production, telecommunication, agricultural processing, manufacturing industries in special economic zones, and marine transport, are strongly encouraged by the government through tax incentives.
However, the response was weak, and not a lot of investors seemed to be flattered with the government’s effort—as almost nobody applied for it last year.
Indonesian Deputy Finance Minister Mardiasmo has said that confusing procedures and bureaucratic regulations are the culprits behind the seem-to-be unappealing tax incentives.
Besides, a low degree of legal certainty from the government is also the reason many investors are on the fence—a legitimate tax incentive now might become invalid later, especially after the election—making it increasingly difficult for Indonesia to stimulate the desire economic investments.
Tax revenue is the foundation of state revenue in Indonesia, with a contribution of 85.4 per cent. Therefore, a competitive tax incentive must be a big part of the reform effort.
Finance Minister Sri Mulyani Indrawati mentioned that in the act of drawing more investments, a considerable amount of regulations are undergoing revision to provide a more enticing incentive package for people who are interested in investing and doing business in Indonesia.
Currently, there are four planned incentives in place in the form of tax holidays, tax allowance, tax deductions for small and medium enterprises, and tax incentives for companies with research and development activities.
Sri Mulyani announced that government would increase the number of sectors qualifying for the incentives, including tax deductions. Along with the recommendations from various ministries, this expansion of business sectors is based on the direction of the President.
Business sectors that will secure the tax allowance will be informed after the revision.
The Indonesian government will offer income tax deductions 10 through 100 per cent.
Upon the revision of Financial Ministerial Regulation No 250/1995, small and medium enterprises will be eligible for tax deductions.
Last but not least, businesses carrying out research and development activities are qualified to apply for a tax deduction of a maximum of 200 per cent.
According to Sri Mulyani, many problems still exist, making investors extremely cautious of investing their money in Indonesia—issues such as raw material shortage and labour affairs.
She further emphasised that the Indonesian government needs to review and make adjustments to the present tax incentive structure, in order to improve the investment environment in Indonesia. A simpler procedure without the lengthy process for investors to acquire the tax incentives is also part of the reform in an effort to elevate investor’s confidence.
Do you have any questions regarding tax incentives to invest in Indonesia or inputs that you would like to share with us? Talk to Cekindo’s experts now.
With more than 10 years of expertise in accounting and finance, Daris Salam dedicates his knowledge to consistently improving the performance of InCorp Indonesia and maintaining clients and partnerships.