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THE ULTIMATE GUIDE TO DOING BUSINESS IN INDONESIA

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Blog: Business Licenses

How Foreign Investors Can Help Revolutionize Agriculture Sector in Indonesia

Indonesia is recognized for its vast agricultural commodities such as rubber, palm oil, cocoa, tea, and clove. Moreover, it has over 17000 islands, with the majority of them arid enough for agriculture. Agriculture is one of the key economic sectors of the archipelago, and the second-largest contributor to the country’s economy has shown resilience in …

How to Establish a Legal Peer-to-Peer (P2P) Lending Business in Indonesia

Indonesia’s fintech industry is one of the most robust and thriving sectors in the ASEAN region. The country is already home to 20% of all fintech businesses in Southeast Asia, with market size clocking to USD 8.6 billion over the next five years. The fintech industry is one of the most well-funded industries, alongside e-commerce, …

How to Obtain PSE Certificate for Online Business in Indonesia

Digital trade is critical for Indonesia’s economic recovery and prosperity, particularly during the Covid-19 pandemic. The country’s digital economy will be worth USD 124 billion by 2030, e-commerce being the most significant contributor, according to the E-Conomy SEA 2020 research prepared by Google, Temasek, and Bain & Company. Moreover, virtual classrooms, or ed-tech, as well …

How To Get Indonesia Tax Incentives via OSS

The Indonesian government has been taking a number of bold initiatives in recent years to increase the ease of doing business in the country. The clarity in business guidelines, process transparency, and improved system infrastructure are all part of these recent developments. To cut through the red tape even further, the Indonesian government has modified …

Indonesia KBLI: An Ultimate Guide for Foreign Investors in 2021

What Is KBLI and What Does It Mean? To conduct business efficiently overseas, the host country requires foreign investors to comply with the country’s laws and regulations. Similarly, for foreign investors investing in Indonesia, one of the crucial compliance is ensuring that the business activities are classified under the Indonesia Standard Industrial Classification (Klasifikasi Baku …

Opening a Logistic Company in Indonesia: Benefits from E-Commerce Boom

Indonesia is the fastest-growing internet economy in Southeast Asia, with over 170 million internet users. In 2020, the Gross Market Value of the e-commerce industry stood at US$40 billion and is expected to rise to US$83 billion by 2025, making it an opportune moment for investors to open a logistic company in Indonesia. According to …

A Guide to Timber Legality Assurance System Certificate in Indonesia

The Minister of Trade has issued the latest regulation on the export of forestry industrial products number 45/2020, enacted by the Ministry of Law and Human Rights on May 11, 2020, and immediately takes effect after its enactment. The issuance of Permendag number 45/2020 replaces the previous regulation Permendag number 15/2020. The revocation of Permendag …

How to Start a Trading Company in Semarang

As the largest city and capital of Central Java, Semarang is now regarded as one of the best places to start a trading company. According to the central government, they aim to boost Central Java’s Regional Product per Capita (PDRB) to 7% by 2023 with a total investment of IDR 774 trillion. Company Types for …

Understanding Different Types of Business Licenses in Indonesia

The laws in Indonesia make it mandatory for a whole range of businesses in the country to acquire a business license before they can be legally established and operated. Some businesses may also obtain a more specific license such as a commercial license to sell alcohol. Follow Cekindo’s guide to understand the different types of …

Your Guide to Building Permit (IMB) for UMKM in Indonesia

An IMB in Indonesia is something that every investor must know if they want to start a business in the country. What is IMB in Indonesia then? IMB stands for Izin Mendirikan Bangunan and it is a legal permit or building registration document in Indonesia that allows the construction of buildings and makes sure that …

Important Update on Licensing Procedures for Location Permit

The Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency of Indonesia has recently made effective Regulation 17/2019 on Location Permit on September 20, 2019, replacing the previous Regulation 14/2018. This new regulation was enacted to clarify the location permit issuance framework under the Online Single Submission system (OSS). Regulation 17/2019 made …