What Is An Importer of Record (IoR) Service?
An Importer of Record in Indonesia is a legal service that enables companies to import products into Indonesia, through an import partner. As an Importer of Record, Cekindo provides an end-to-end import service for a range of products; from medical devices to cosmetics and F&B.
Import License Process – A Lengthy & Multi-step Process
Before a company obtains an Import License or Permit, the product holder is required to set up a company. The period in which a foreign company is incorporated can take from weeks to months. The period depends on how well-prepared its set of company documents are, for submission to the Indonesian authorities. Another prerequisite of this process is, a Foreign Company has to submit an investment plan with a minimum paid-up capital of IDR 10 billion.
It is only when these milestones are completed, can a company then apply for its import permits and licenses, which could take another 3 – 6 months. For products to be finally traded in Indonesia, a product holder should note to buffer time for Product Registration with BPOM and other licenses such as Halal License and SNI license.
When Importer of Record Services Are Beneficial.
Companies that find themselves in the following business situations, will find IoR serviced beneficial to their business operations in Indonesia.
- Quick market access into Indonesia is a critical point in your business strategy.
- You have local distribution and retail partners to manage sales in Indonesia.
- You have a company in Indonesia, however, it is not eligible to apply for an import license.
- Importing goods occurs infrequently (e.g.: once every 6 months).
- You are importing multiple products from different categories.
Import Products Into Indonesia with Cekindo
While you focus on the core aspect of your business, Cekindo’s comprehensive product registration and import solutions can help you in the technical facets of starting a business in Indonesia. To find out more, please fill out the form below and an IoR expert will be in touch with you shortly.