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.
Why? Digital transformation in Indonesia will bring in more revenue, higher efficiency and productivity, and definitely a more satisfying customer experience.
As a result, digital transformation is now the new ordinary. It is required to remain competitive in the marketplace with increasing customers demand.
By joining the digital pool, Indonesia is set to bring economic growth to another whole new level – a forecast of US$150 billion economic impacts (10% GDP) every year by 2025.
In this article, let’s take a look at how companies are going to win the digital transformation in Indonesia, the future predictions, what the Indonesian government does to support this revolution and the success stories of digital startups.
For businesses in Indonesia that choose to accept the change by not falling behind everyone else and reap its benefits, a long and bright operational future is ahead.
However, this digital revolution is relatively new in Indonesia, and thus there are still a lot of opportunities for investors and entrepreneurs to tap into.
According to McKinsey&Company and their research among 20 selected markets in the world, Indonesia is still at its preliminary stage of digitalization.
Here’s the interesting fact—though in its nascent stage of digitalization, Indonesia’s population is considered the most active in terms of digital users and the country is one of the largest hubs of digital startups in the world.
Without aligning the digital transformation initiatives to well-defined strategies, companies are destined to fail in this game. Businesses can focus on the following ways to boost their winning chances.
Fun, personalized, fast, and interactive user experience is what most customers look for.
These experiences can be achieved through innovative development and seamless design. Notable examples are Google, Facebook, Disney, Starbucks, etc.
In today’s world, customers interact with a company through diverse channels from a physical store to an online website, from a customer support center to social media, the list goes on and on.
Both online and offline channels are vital for customers to have the best user experience.
The number of data is growing aggressively but not decreasing. With a specific direction, enterprises can now use this big data to analyze an issue and come up with real-time decisions right away.
In this digital age, intellectual property and business data are precious assets of a company. Therefore, it also means that cybersecurity is becoming more and more important to protect a company’s digital assets.
According to an IDC survey, industries and businesses that keep up their pace with digital transformation in Indonesia have done twice better as the late adopters.
IDC also highlighted the top 10 key technology predictions that allow Indonesian enterprises to scale up and strengthen their digital innovation.
Under the leadership of President Jokowi and his administration, Indonesia has the vision to achieve a market valuation of US$ 130 billion in 2020, becoming the largest digital economy in Southeast Asia.
To realize this vision, the ICT (Information and Communications Technology) spending in Indonesia is thereby estimated to reach IDR 443 trillion in 2018.
The top 10 predictions of digital transformation that will make a huge impact on all stakeholders as well as the country are:
A minimum of 40% of Indonesia’s GDP is predicted to be digitized by 2021. Investors will then facilitate the digital ecosystem, platform, value of data, and customer engagement to gauge the valuation of all businesses.
Twenty percent of all companies will equip with and implement the complete digital transformation strategy to compete in the digital economy.
The cloud services will be more distributed and specialized by 2021. Total spending on cloud services and its hardware and software is estimated at US$ 266 million by that time.
Around 10% of digital transformation plans and strategies will make use of artificial intelligence (AI) services by 2021 – 20% of AI commercial apps, 30% clients communicating via AI bots, and 5% of new industrial AI bots.
Apps by enterprises will be built with hyper-agile and scalable architectures. For example, the application development on cloud platforms (aPaaS).
2021 is such a huge year. By then, HD interfaces will expand with more personalized experiences. For instance, field-service techs and info workers use voice in the new mobile app as the main interface, and enterprises use biometric sensors to amplify reality.
More than 10% of the organizations in Indonesia will use blockchain services that serve as the digital trust by 2021. What’s more, 20% of supply-chain companies and 20% of banks will use blockchain networks in their production.
Approximately 50% of businesses in Indonesia will have their digital services interactions (about 20%) direct from their open API ecosystems.
The development tools nowadays have increased the number of non-tech developers over the years. It is predicted that by 2027, these developers will build a whopping 50% of new application features.
Fifteen percent of businesses in Indonesia will attain revenue from data-as-a-service (DaaS) by 2020 – a tremendous increase from the mere 2% in 2017.
Digital transformation in Indonesia is a mix of efforts of the Indonesian government and private entities.
Especially the Indonesian government, play a very crucial role in this rapid growth with their strong willingness to move the country towards digitalization.
One of the prominent efforts done by the Indonesian government is the incorporation of the use of IoT (Internet of Things) in one of the well-known smart cities in Indonesia – Bandung.
The local government has established more than hundreds of apps to help their residents, at the same time improving the government’s efficiency and productivity.
GAMPIL is one of those popular apps that allow small businesses to apply for permits. This will help them to avoid the long queues and corruption.
In addition to that, the transparent e-budgeting in Bandung helped the city save US$200 million in 2016.
Cases of digital transformation are not all rainbow and unicorn. Companies are at the risk of messing up the opportunities and future outlook if they approach the digital transformation just like everyone else does.
These mistakes to avoid are as follows:
The biggest mistake to cause a failed digital transformation is to digitize almost everything. For example, digitalization in manufacturing.
Not everything should be digitized even if it can be done so. Take out your workflow, and analyze which part of the process is necessary to be enhanced with digitalization.
Most of the time, companies will collect substantial amounts of data without focus and do not know where they are going.
As a result, analyzing these giant amounts of data wastes an enormous amount of time and effort, causing your business to lag.
Without a focus and direction, a sole data pool with no solid plan to support the process for digitalization will not help an iota in generating revenue and increase value.
To be one of the winners in this digital age by getting the most out of the digital opportunity, innovative routes should be considered, especially for traditional businesses.
Traditional or established enterprises can transform and create value with three important aspects:
The trend of digital transformation is gaining so much steam and momentum in Indonesia due to the emergence of many success stories, along with increasing business efficiency and top-line revenue growth.
Some of the massively successful companies capitalizing on digital opportunities include Emtek, Telkomsel, Lippo Group, Bank Mandiri, and GO-JEK.
Emtek is a media and Internet company well-known for owning television networks and transforming BlackBerry Messenger into a mobile payment platform that serves 63 million clients in Indonesia.
Telkomsel plays an important role in mobile communications, allowing customers to make mobile payments and purchase services.
And speaking of Lippo Group, it has attained growth significantly by getting into this game of digital transformation. With an investment of US$500 million into its e-commerce, Lippo Group is now the biggest online retailer in Indonesia, aiming to achieve a sale goal of US$1 billion in two years.
Do not underestimate the risks of digital transformation in Indonesia as well as market entry consultancy if you want to become one of the important players in the Indonesian digital market. Contact us and get a quotation for your inquiry.
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.