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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.
Vietnam is popular for its status as an ideal investment and business destination to foreign investors. The country is located right in the heart of Southeast Asia. It also shares borders with the new economic giant China, not to mention its proximity to international shipping routes and other big markets in Asia.
In addition to the strategic location, Vietnam has enjoyed the status of being one of the fastest growing economies not only in Southeast Asia but also in the world. What is more, Vietnam appears to be unaffected by the COVID-19 pandemic, unlike many other countries that have suffered from economic recession. Vietnam is one of the very few countries that are successful in combating the crisis. In the third quarter of 2020, its GDP grew to 2.6% year-on-year.
If you need further reasons as to why expand to Vietnam in 2021, read on. This article discusses the top 5 reasons for your Vietnam expansion.
1. Trade agreements
To encourage foreign investments, the government of Vietnam always strives to make it easier and more convenient to do business in the country. One of the initiatives is having a trade agreement, which can also support Vietnam’s economic growth.
Up to the present day, Vietnam has had several trade agreements, such as the Free Trade Agreement with South Korea, the Economic Partnership Agreement with Japan and agreements with countries such as India, China, New Zealand, Australia and Russia.
Some trade agreements just came into effect recently in 2019. They are the EU-Vietnam Free Trade Agreement (EVFTA) and the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA).
In 2019, Vietnam was the European Union’s largest trading partner, with an import value of 34.4 billion EUR was recorded. Investors from Europe who are interested in expansion to Vietnam can enjoy benefits such as elimination of up to 99% import tax, trade barrier lowering and low-risk trades.
2. Investor-friendly policies
With regard to ease of doing business in 2020, Vietnam ranked 70 out of 190 economies in total, with the overall score of 69.8, according to a report by the World Bank. Some of the reasons are the initiatives implemented by the government, which are mainly related to business capital and taxes.
Vietnam requires no minimum capital contribution in most business sectors, unlike many other countries. Cost-effective and flexible investments, then, can be achieved.
Furthermore, with regard to taxes, the General Department of Taxation in Vietnam has significantly improved its IT infrastructure. Businesses can now settle their tax obligations more easily and quicker.
3. Added investment incentives
Foreign investors can enjoy various investment incentives available in Vietnam. Currently, large-scale manufacturing companies (industry based) with total investment value exceeding 500 million USD or 250 million USD with conditions along with high-tech companies focusing on certain sectors can enjoy tax holidays and lower corporate income tax (CIT).
There is a newly enacted law The Law on Investment 2020 of Vietnam and in accordance with it, starting in January 2021, more industries or sectors will be eligible for tax incentives. The sectors include higher education, medical equipment production and goods production with high value.
Businesses that are set up in areas that are far away from Ho Chi Minh City and Hanoi can enjoy decreased tax rates, tax exemption for between two and four years, and lower CIT for up to nine years, depending on the area.
4. Growing population, young workforce, competitive labour costs
Vietnam’s population is more than 97 million people, or equivalent to 1.25% of the world’s total population. A huge population implies a strong purchasing power, especially when the middle class is also growing.
The majority of Vietnam’s population are made up of people that are as young as 35 years old. The good news is, 97% of the golden population are literate. This means that foreign companies will have no difficulties in finding the right talents with excellent skills to support growth.
In regard to labour costs, compared to other countries in Asia such as Indonesia, China and the Philippines, Vietnam has the lowest monthly minimum wage, with the average of 192 USD. Therefore, Vietnam offers a more cost-effective solution for running a business.
5. Upgraded infrastructure
Upgrading the infrastructure will result in convenient transportation and easy shipping to support ease of doing business, and Vietnam understands this very well. At present, Vietnam has three international airports in Ho Chi Minh City, Hanoi and Da Nang respectively. Vietnam also has several ports, with the most popular ones are Saigon Port and Vung Tau Port. Expressways are also available to cater those who need to travel between regions and neighbouring counties.
There are also several infrastructure projects that are underway or will be implemented in the near future, such as the construction of the 124m My Thuy 3 bridge in Ho Chi Minh City, and the first metro Cat Linh-Ha Dong metro line in Hanoi.
To make your expansion to Vietnam possible, business incorporation is necessary and it starts with company registration. As a foreign investor, it can be a challenge when you have to understand the local regulations and requirements and later take care of the process itself.
Our team of business incorporation specialists can assist you in registering a company, securing the necessary licenses and incorporating your business altogether, making your expansion to Vietnam as smooth and hassle-free as possible.
Discuss your business plan with us. Get in touch via the form below to enjoy a free consultation.