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Top Business In Indonesia – Foreigners expanding their business in Indonesia will face numerous challenges. As your business grows in Indonesia, to grow quickly and successfully, each business needs different support and solutions.
Most entrepreneurs have a range of talents, but it’s often impossible to do it all alone. Recognizing the need to seek the necessary support is essential for your business to continue to expand and thrive.
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Today, many of the outsourcing services on the market are no longer reserved for large businesses only, as technology has made outsourcing more accessible and affordable for many small businesses.
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Effective services can help you get the most out of your business and increase your bottom line, creating sustainable growth for the future.
Recruiting staff and managing employee salaries are considered two of the most demanding and intensive HR activities. Not only are you responsible for getting the ideal talent, but you’ll also need to keep track of employee payroll and make sure they get paid on time.
In Indonesia, a recruitment service can help you attract top talent with a shorter recruitment process and higher employee retention. And a payroll service can help you easily manage ongoing employee tracking, wages, compensation, benefits and taxes to prevent errors and discrepancies.
When you have a small business, managing your accounting and taxes is relatively easy. However, when your company becomes a larger corporation, accounting and taxes will become more complex and difficult to manage.
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It’s always smart to hire a company to prepare and file your taxes, especially when you’re expanding. You’ll also get instant access to invaluable resources and expert advice, saving you the headache of dealing with all the tedious tax issues and avoiding mistakes and penalties.
Employer of Record (EOR) services have gained great popularity in Indonesia as they are effective solutions for many foreign companies. An employer of record in Indonesia allows you to comply with local regulations and laws, focus on your core business functions, ensure efficient resource management and avoid fines.
If you want your business to run as planned, it is important to use the services of legal advice. Services are even more important in a place like Indonesia with a dynamic business environment and ever-changing laws, where missteps can easily happen without proper support.
Therefore, seeking legal advice can not only ensure the success of your business, but also protect your business from legal implications.
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Foreigners are allowed to enter, stay and work in Indonesia only with valid visas and legal permits. Depending on the purpose of foreigners’ stay in Indonesia, the type of visa and permit required is different.
For foreigners unfamiliar with local regulations, the requirements and procedures for applying for visas and permits can be confusing. With work and residence permit services, you’ll save more time and energy navigating the process and avoid failed applications.
Provides a complete corporate service in Indonesia when expanding your business in Indonesia. We provide all kinds of legal and business support to corporate clients and private institutions
Our legal consultants in Indonesia operate as an integrated team across Indonesia with experts spread across all cities and provinces. We have many years of deep experience in business expansion and understand the risks and challenges we face.
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Takes a pragmatic approach to problem solving and provides focused solutions to mitigate risk and ensure greater business success. Choose us today as your business expansion partner in Indonesia.
Pandu is a consulting manager at . He has extensive experience in working with government agencies. Specifically, he provided go-to-market solutions for businesses in Indonesia and managed regional partner channels in Southeast Asia. At , Pandu strives to lead a consulting team to deliver high-quality go-to-market services and maintain a global portfolio of clients. His specialty is consulting on entering the market and outsourcing business processes.
We use cookies to improve and personalize your browsing experience. You are deemed to have accepted our cookie policy if you continue to browse our site. Learn more Indonesia has seen strong economic growth in recent years thanks to digital inclusion. Its economy is growing at a steady rate of five percent per year and is expected to become the fourth largest economy in the world by 2050. A thriving economy has brought a growing middle class that is digitally savvy. In fact, Indonesia has a population of over 260 million people with approximately 79 million active social media users. Because of this, technology startups in Indonesia are attracting a lot of attention and funding from local and international investors. In recent years, large startup companies have emerged that have changed the country’s economic landscape forever.
The company started in 2010 as a motorcycle sharing app. It has since evolved into a mobile platform for a variety of on-demand lifestyle services. In addition to transportation, users of the application have a wide range of services that they can use — logistics; delivery of food, groceries and medicine; Delivery of purchases; entertainment tickets; Massage and beauty services; professional cleaning; automotive solutions; and digital wallet and bill payment. It is one of Indonesia’s unicorns and its total announced funding has already reached $2.1 billion from investors including Allianz, Temasek Holdings, Tencent and Google. In February 2018, the company reached a valuation of $5 billion. It is a continuously expanding startup with plans to venture into the video streaming and online content industry.
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Founded by Silicon Valley engineers, Traveloka is an app and website that offers travel solutions such as flight and hotel reservations, tour packages, connectivity products and other modes of transportation. It is now available in Malaysia, Philippines, Singapore, Thailand and Vietnam. The app now celebrates over 30 million downloads, making it the most popular travel app in the region. Its funding was $500 million, from investors such as Global Founders Capital, East Ventures and Expedia. It is also one of the startup unicorns in Indonesia.
One of the leading companies in Indonesia, Tokopedia is the second startup ever to become a unicorn in the country. It allows consumers, micro, small and medium enterprises (SMEs) and business owners to purchase and maintain their online presence for free. Thus, it became one of the largest markets in Indonesia. It is also the most funded startup with around $1.3 billion from its giant investors such as China’s Alibaba and Japan’s SoftBank. Tokopedia also launched its virtual credit card in beta, contributing to the push for cardless shopping across the country.
It is the leader in e-commerce in Indonesia. It offers a wide range of products from fashion, electronics, health and beauty, home and more. It is a pioneer in O2O (online-offline and offline-to-online) shopping. This allows customers to pay, collect and even return products at any Matahari department store nationwide. It received about $142 million in funding from its three main investors – department stores Matahari, Lippo Group and Mitsui & Co.
The company is one of the big startups in the e-commerce industry because it enables scalable sales and purchases. Any individual or corporate organization can open an online store through Bukalapak and sell to potential customers from all over Indonesia, either by unit or in bulk. It also became a unicorn thanks to its investors Emtek Group, Gree Ventures, 500 Startups and Queens Bridge Venture Partners.
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Customers can shop online without a credit card. Akulaku then offers its customers payment options for their orders by cash, bank deposit and other means. The app aims to be inclusive so that everyone will be able to shop online, which was previously only for credit card holders. Akulaku has raised a total of $150 million. Its investors, Sequoia Capital, FinUp, DCM, Shunwei China Internet Fund and many others have contributed to the funding increase in the last two years alone.
FinAccel’s Kredivo offers customers instant credit for online purchases. Customers can “buy now and pay later” through flexible payment plans starting from 30 days to 12 months. It’s a very disruptive way to finance e-commerce purchases. As of July 2018, it has secured $30 million from some of the largest investors in the region: 500 Startups, Jungle Ventures, GMO and AlphaJWC.
The company specializes in providing innovative digital kiosks that offer numerous services. These kiosks can be accessed at countless retail locations and provide customers with a physical experience of their transactions. The digital kiosk can help customers buy tickets, pay bills, buy SIM cards and gift vouchers. Due to its availability, PT MCash Integrasi received $43 million in funding. Its investors, although undisclosed, come from the UK, the US, Singapore, Australia and Hong Kong.
Pundi X is committed to the real-world application of cryptocurrencies. It allows people to buy anything through the Pundi app on their phones for cashless transactions. Customers can also purchase cryptocurrencies through their apps, all via QR codes. He also developed the XPhone, which does not require a mobile operator to operate. Pundi X executives recently made the first blockchain phone call. While extracting cryptocurrencies
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