InCorp offers a comprehensive range of solutions to ease the company registration process and help you create a viable roadmap for your business.
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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.
Applying for a B3 waste permit in Indonesia is important to ensure your business aligns with government regulations.
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.
Our expert consultants on tax reporting services in Indonesia ensure prompt fulfillment of administrative obligations with utmost accuracy.
Streamline your global business operations with a Global Mobility Service as one complete solution from InCorp Indonesia.
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 countrys 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.
If you’re a member of the Indonesian diaspora and have lost your citizenship, you can get a diaspora visa to return home more quickly. InCorp Indonesia can help you take full advantage of this benefit.
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.
Learn more about the SNI 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.
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.
Investing and Doing Business in Indonesia
Currently, Indonesia ranks 4th as a global investment destination after China, the USA, and India. In the first quarter of 2013, Indonesia increased the value of Foreign Direct Investment (FDI) to US$6.51 billion, an increase of 27.2% in comparison to the previous year. Indonesia has the fourth largest population in the world, with247 million people. These conditions were highlighted by the Financial Times in 2012, which named Indonesia as one of the best investment destinations in Asia, includes the terms of climate and investment services.
Figure 1.1 Indonesia’s Macroeconomic Indicators
Source: Bank of Indonesia, MACROECONOMIC INDICATORS FORECASTING SURVEY
Indonesia has healthy middle class that is growing. It has average annual GDP growth above 6% and 70% of the economic growth comes from domestic consumption.
Compared with the same period between 2011 and 2012, foreign investment realization in January – December 2012 was IDR 221 trillion (equal to US$21.97 billion). It covers 70.6% of total investment, which increased for 1.15% from the previous year.
According to Strategic planning BKPM 2010-2014, BKPM targeted IDR 390.3 trillion (equal to US$38.8 billion) as the total investment realization for 2013. As the investment grows stronger each year, it convinced the Deputy Chairman of the Indonesia Investment Coordinating Board (BKPM), Azhar Lubis, that the realization of investment in the second quarter would reach the above target. He said, “Even the realization of investment in the third and fourth quarters will usually exceed the quarterly target, so that the quarterly achievements in the second quarter will compensate for the lack of achievement in the two previous quarters.”
Indonesia is a growing state. Globalization also made Indonesia a growing state, from changing lifestyle patterns, shopping patterns, eating patterns, growth in vehicle ownership, and higher demand for public service and better products. You may well know that Indonesia has the most jammed streets in the world. Indonesia’s vehicle ownership: Based on Gabungan Industri Kendaraan Bermotor Indonesia or Indonesian abbreviation Gaikindo, Indonesia only has 50 million vehicles. More cars, more traffic? According to Acting Fiscal Policy Office (BKF-Badan Kebijakan Fisikal) Ministry of Finance, Bambang Brodjonegoro denied the increasing number of four-wheeled vehicle as a cause of traffic jams in Jakarta. The President of Ford Asia Operations, Peter Fleet said, “It will be a period of rapid growth in Indonesia. With a low level of car ownership and GDP per capital continues to grow, Indonesia will take off from current position.” Followed by LMC Automotive, Indonesia won a national record US$20 million in foreign investment last 2012 when GDP rose 6.5 percent.
Batam Island, was declared to be free trade zone. After a few years of rapid construction it now has a modern airport, tourists and still growing infrastructure. On January 2013, PT Batam Maritime Centre, the leading maritime service provider in the region, signed Memorandum of Understanding with Indonesia based PT Bima Bangun Bahari of Indonesia’s Sentra Bangun Harmoni Group. This new joint venture will bring new investment of approximately US$2.5 billion that can contribute to Indonesia’s economic development program. Heru Sudrajat, the Indonesian Acting Consulate General of Dubai signed the MoU between the two sides in the management of 178 hectares property of Drydocks World and Maritime World (DWMW) in Batam, Indonesia. Drydock World and Maritime World, Khamis Juma Buamin said that the investment cooperation project will benefit not only DWMW and BBB, but also business partners in the management of the property and the country’s economic development. He said that the project would contribute to improving buying power and creating more brisk international trade.
One of the largest electronics contract manufacturing companies from Taiwan, Hon Hai Precision Industry Co. Ltd. or better known as Foxconn Technology, will build a factory in Indonesia. It is reported the investment will be realized in August 2013 and the investment in this project may reach US$10 billion. In August, the Ministry of Industry and Trade will invite Foxconn to make a joint statement related to its readiness to entry Indonesian Investment Market. According to the Ministry of Industry, MS Hidayat the upcoming project will be a joint venture with secured agreement from two local companies: Erajaya Swasembada (mobile phone manufacturer) and Agung Sedayu Group (property developer) as the basis contractor. A spokesperson from Foxconn, Simon Hsing said, ”We target the Indonesian mobile market is worth 2.4 billion dollars.”
According to your needs, there are a few options for establishing a legal presence in Indonesia. The procedure will be done through the Indonesian Investment Coordination Board (BKPM) in the form of Limited Liability Company – Foreign Direct Investment (PT PMA) or Representative Office.
1. Limited Liability Company – Foreign Direct Investment (PT PMA)
A Limited Liability Company – Foreign Direct Investment (PT PMA) is the only form of company allowed for foreign investment. The first step is to verify your business area in the Negative Investment List (DNI) to confirm if your business area is open to foreign investment, closed to foreign investment, or open with restrictions.
2. Representative Office
A Representative Office is established mostly for marketing purposes, selling or buying agents, and market research. The main limitation of a Representative Office is that you are not allowed to conduct direct sales and generate revenue. Thus, many foreign investors establish a Representative Office to promote the company and start to grow the market before establishing a Limited Liability Company.
For further details about establishing a legal presence in Indonesia, feel free to contact us for a free quotation!
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.
Disclaimer: The information is provided by PT. Cekindo Business International (“InCorp Indonesia/ we”) for general purpose only and we make no representations or warranties of any kind.
We do not act as an authorized government or non-government provider for official documents and services, which is issued by the Government of the Republic of Indonesia or its appointed officials.
We do not promote any official government document or services of the Government of the Republic of Indonesia, including but not limited to, business identifiers, health and welfare assistance programs and benefits, unclaimed tax rebate, electronic travel visa and authorization, passports in this website.