LEADING CONSULTING FIRM OF MARKET-ENTRY AND CORPORATE SECRETARIAL SERVICES

General Business Proposal

Dear Sirs

We are pleased to submit our proposal herein for your consideration.

InCorp Indonesia (formerly Cekindo) is an Indonesian-based consulting firm specializing in business expansion
services. These services include but are not limited to company registration, product registration & licensing, business
process outsourcing, HR services, and compliance & secretarial services.

● Indonesian offices in Jakarta, Bali & Semarang, as well as a branch in Ho Chi Minh City, Vietnam with a total of
150+ employees.
● A large network in Southeast Asia as a part of InCorp Group (https://www.incorp.asia/), and in turn a part of
Prime Global (https://www.primeglobal.net/about-us) - an award-winning association of independent
accounting firms with a community of 300+ firms spanning 90 countries across the globe.
● Experienced in creating tailored solutions for companies from MNC’s to entrepreneurs.

Our seasoned professionals ensure that they fully understand a client’s needs to create a tailor-made solution for their
business. As InCorp Indonesia (formerly Cekindo) has grown, we place great importance on not only going beyond client
expectations but also facilitating their own business operations.

The following pages outline our array services. With this proposal, we are excited to establish a long and mutually
beneficial working relationship with you and the company.

Yours Sincerely,
SCOPE OF WORK / SUMMARY OF REQUIREMENTS
SCOPE OF SERVICES / FEES
The scope of Services shall include the following:

1. INCORPORATION
1.1 Foreign-Owned Company Registration (PMA)
The only form of company allowed for foreign investment is Limited Liability Company – Foreign Direct Investment (in
Indonesia called PT PMA).

The company registration process as follows:

Procedure Duration Timeline Fee Notes

(working (USD)
days)
Preparation of 4 From 7 2,500 ● The fee above is valid for the Jakarta area (Additional
Article of working fee of USD 200 will be required for Incorporation
Association by days* outside Jakarta).
Notary ● Minimum investment plan is above IDR 10,000,000,000
*if all (ten billion Rupiah) or equal to above USD 800,000. The
required
Approval of Deed minimum paid up capital shall be 100% of the
documents
of Establishment at from the investment plan or equal to above IDR 10,000,000,000
the Ministry of Law 1 client are (ten billion Rupiah) or equal to above USD 800,000
and Human Rights obtained and (eight hundred thousand US Dollars). The investment
there is no
plan could include non-financial investment and the
objection/
additional paid-up capital could be submitted after the company
Obtain Taxpayer document establishes and has a bank account (stated on capital
1
registration request from statement letter).
the relevant
number ● Minimum company structure consists of: 2
institution
Shareholders (corporate or individual), 2 Director, and 1
Approval of Commissioner. If the Foreign Director does not have a
Business work permit (KITAS) yet, then Client must appoint 1
Registration Local Director aside from InCorp Indonesia (formerly
Number (NIB), Cekindo) to represent the company during the
Approval of of incorporation process.
Utilization of Space ● The Business field of General Trading, IT, and
Activities (PKKPR) Management consultancy will directly get the activated
and/or unverified 1 Business Registration Number (NIB). Especially for the
standard business field (KBLI) which is categorized as Medium &
certificate through High risk, the verification of standard certificate and
the Indonesian permit is required. This could be done after the
Online Single company established and ran the business operation;
Submission (OSS) however, clients could still use NIB and/or unverified
standard certificate & permit for preparation (this is
excluded from the Company Establishment process
and fee).
● BPJS social security and health registration number
obtained during NIB application shall be activated with
the fee of USD 400.
● InCorp Indonesia (formerly Cekindo) provides Share
Certificate and Shareholder Register with the fee of
USD 300/ document.
● After incorporation, InCorp Indonesia (formerly
Cekindo) can assist in the preparation and submission
of Investment Activity Report (LKPM) quarterly with
annual fee for USD 500 (includes 4 LKPM reports).
● InCorp Indonesia (formerly Cekindo) provides
translations of all documents to English by a sworn
translator with the fee of IDR 800 or USD 0,05 / word.
● The fee excludes costs for stamp duty, sending any
documents outside of the Jakarta area or overseas
through courier, if required.
● Timeline excludes any document
attestation/legalization which should be done within or
outside Indonesia.
 1.2 LOCAL-OWNED COMPANY REGISTRATION (PT PMDN)
Depending on the business activities, some business fields have limitations for foreign ownership and some
business fields are closed for foreign ownership. Moreover, currently it is mandatory to realize a minimum investment
of USD 800,000 (eight hundred thousand United States Dollar) to obtain a Business License for PMA Company.
Therefore, alternatively our Client may establish a local PT Company which is allowed to conduct specific business
activities and there are no obligations to spend USD 800,000 (eight hundred thousand United States Dollar)
investment in Indonesia.
The local PT company registration process as follows:

Procedure Duration Timeline Fee Notes

(working (USD)
days)
Preparation of 4 From 7 1,500 ● The fee above is valid for the Jakarta area (Additional
Article of working fee of USD 200 will be required for Incorporation
Association by days* outside Jakarta).
Notary ● Minimum 2 Shareholders (corporate or individual), 1
*if all Director, and 1 Commissioner
required
Approval of Deed of ● 100% Shareholders and Commissioner shall be local,
1 documents
Establishment at from the and it is required to have at least 1 Local Director.
the Ministry of Law client are ● The company shall register business fields under
and Human Rights obtained and supervision of the same Ministry.
there is no
● After incorporation, InCorp Indonesia (formerly
objection/
Obtain Taxpayer 1 additional Cekindo) assists our client in the preparation and
registration number document submission of Investment Activity Report (LKPM) bi-
request from annually or quarterly with annual fee for USD 500
the relevant
Approval of (includes 4 LKPM report).
institution
Business ● There are general sizes for PT depends on paid up
Registration capital:
Number (NIB), ○ Micro enterprise: <= IDR 1,000,000,000
Approval of of ○ Small enterprise: > IDR 1,000,000,000 - IDR
Utilization of Space 1 5,000,000,000
Activities (PKKPR) ○ Medium enterprise: > 5,000,000,000 - IDR
and/or unverified 10,000,000,000
standard certificate ○ Large enterprise : above IDR 10,000,000,000
through the ● The paid-up capital can be submitted after the company
Indonesian Online is established and has a bank account (stated on
Single Submission capital statement letter).
(OSS) ● BPJS will be activated once the company manages the
1st payment of the BPJS bill.
● Especially for the trading sector, the Business
Registration Number would cover Custom Registration
Number automatically on NIB.
● Especially for the business field (KBLI) which is
categorized as Medium & High risk, the verification of
standard certificate and permit is required. This could
be done after the company established and ran the
business operation; however, clients could still use NIB
and/or unverified standard certificate & permit for
preparation (this is excluded from the Company
Establishment process and fee).
● If the company plans to hire foreign employees, the
minimum size is medium company, with paid-up capital
minimum IDR 1,200,000,000.
● InCorp Indonesia (formerly Cekindo) provides Share
Certificate and Shareholder Register with the fee of USD
300.
● InCorp Indonesia (formerly Cekindo) provides
translations of all documents to English by a sworn
translator with the fee of IDR 800 or USD 0,05 / word.
● The fee excludes costs for stamp duty, sending any
documents outside of the Jakarta area or overseas
through courier, if required.
 1.3 SPECIAL PURPOSE AGREEMENT
InCorp Indonesia arranges a Special Purpose letter and agreement, legalized (optional) by a notary to affirm our
Client’s ownership and authority in the company. InCorp Indonesia is not responsible for any breach arising out of
these agreements. Clients are advised to retain effective control of the company at all times, bundled with our
Accounting and Tax Report service.

The package of the agreement includes the following:

Services Fee
● Loan Agreement between local shareholder and investor USD 1,000
● Pledge of Shares Agreement
● Call Option Agreement
● PoA to Vote and Sell
● Consent to Transfer
● Assignment of Dividends Agreement
● Indemnity Agreement

For additional, InCorp Indonesia (formerly Cekindo) could also arrange a Professional Service Agreement including
its Indemnity Letter (if needed) both for Director and Commissioner position with additional cost of USD 500.

1.4 REPRESENTATIVE OFFICE

Representative office acts only as a supervisor, liaison, coordinator, and management of the interests of the company
or its affiliated companies in Indonesia. Representative office is established when the client intends to explore the
market first before deciding to establish a limited liability company in Indonesia.

The outcome of representative office establishment as follows:

Procedure Timeline Fee Notes

(USD)
● Registration Starts from 2 working 2,000 ● Representative office is limited to marketing and
on OSS (1 days* promotion activities, as it is not allowed to do direct
Day) selling and receive income (all transactions shall be
● Company *if all required documents done through the mother company)
(legalized Letter of
Tax ID (1 ● There is no minimum investment requirement
Appointment, Letter of
Day) Intent, Letter of Statement ● There is no shareholder and director requirement
and issuance of Letter of ● The fee excludes bank account opening assistance
Letter of Reference from for USD 300, if required
Indonesian Embassy in the
● The fee excludes BPJS social security and health
respective country) from
the client are obtained and program registration with the fee of USD 400
there is no objection/
additional document
request from the relevant
institution

1.5 BANK ACCOUNT OPENING

InCorp Indonesia assists our client in opening a bank account in IDR or any other applicable foreign currency in
Indonesia, including internet banking if required.

Period Fee (USD) Notes

1 weeks (for current
account) – 1 Month
400 ● The fee includes internet banking and business accounts. If a
client requires a current account & credit card there will be
additional fees.
● The fee applicable for opening a savings account in Bank Mandiri,
the account can be activated within 1 day. If a client decides to
open at another Bank, there will be additional fees.
● Fee applies for 1 Account only, additional account required
additional fees (e.g. USD or IDR currency)
 1.6 OFFICE SPACE
InCorp Indonesia provides office space for our client’s registered business address in Indonesia.

There are 3 types of office space below:

Types Fee (USD) Notes

Serviced office Without PC: 360 / month
(1 workstation) With PC: 450 / month
Co-share office 250 / month
Virtual office 70 / month Period: Minimum 1 year of services (to obtain domicile
letter)
● Foreign owned company (PT PMA) is mandated to
have a minimum service office in order to have address
and phone number and dedicated office space.
● Requests for more workstations (maximum up to 5
workstations) and office supporting services are
provided in separate proposal

2. LICENSES
2.1 VAT PAYER CERTIFICATE

InCorp Indonesia assists our client in registering the company as VAT payer company (PKP) to the tax office. PKP is
mandatory for companies which have turnover above IDR 4,800,000,000; however, the company could apply as PKP
if required, although the turnover has not reached the minimum amount yet.

Period Fee (USD) Notes

2 weeks 500 ● There will be visit required to the office room by the tax officer
● The fee includes e-tax invoice (e-faktur) application to the tax office

2.2 TRADEMARK
InCorp Indonesia assists our client in protecting their company and product logo and brand by registering a
trademark, valid for 10 years.

Period Fee (USD) Notes

12-24 months USD 500 per class per
application - under legal
entity (PT PMA or PT
PMDN)/Individual
(Indonesian nationality)
USD 700 per class per
application - under
overseas (foreign
entity/foreign nationality)
● The total timeframe will take up to 2 years for approval.
● The registration fee of USD 500 or USD 700 is applied
per class (based on Trademark Nice Classification
(NCL)) per application, includes 10 types of product /
service
● For more than 10 product / service, the fee is USD 300
for every additional of 10 types of product / service
under legal entity/ individual in Indonesia and USD 700
under overseas
● 1 (one) application is consist of “name” only, “logo”
only, or “name+logo” of the trademark in 1 (one) class

2.3 GENERAL MEETING OF SHAREHOLDERS

According to Company Law (UUPT), each company shall arrange Annual General Meeting of Shareholders (GMS) to
approve the company report of the preceding year, especially related to the company’s activity, financial report, and
its’ Director and Commissioner activity. InCorp Indonesia assists our client in arranging annual GMS or extraordinary
GMS when there is necessary approval from the shareholders.

Package Period Fee (USD) Notes

Company invitation letter
Circular letter including
notary’s waarmerking
Shareholder certificate (if
applicable)
1-2 1,000 ● The General Meeting Shareholder could be arranged by
Weeks Circular Resolution, hence physical meeting is not
mandatory
● If required physical assistance, it could be arranged with
an additional fee of USD 100/ hour in the Jakarta area. In
the event the meeting is arranged outside Jakarta, the
assistance fee is USD 200/ hour excluding out of pocket
expenses (accommodation and transportation).
 2.4 COMPANY REGULATION DRAFTING / REVIEW
InCorp Indonesia assists our client in preparing company regulation based on the applicable law in Indonesia. The
company regulation could be adjusted based on company internal policy.

Package Period Fee Notes

Drafting company regulation based
on applicable law in Indonesia,
adjusted to the company internal
policy
Legal review up to 4 times
(USD)
1- 2 1,000 ● The company regulation shall be mandatory for
Month companies with more than 10 employees and to be
registered at the Manpower Department.
● We could assist this registration with the fee of
USD 500 (for regions in Jakarta, Semarang and
Bali). Prices for other regions shall be determined
by call.
● This fee excludes additional mandatory
requirements such as proof of WLP (Wajib Lapor
Perusahaan/Mandatory Report regarding
Company’s Facility) with cost of USD 150 and JSHK
(Jaminan Sosial Dalam Hubungan Kerja Diluar Jam
Kerja/Private Insurance to cover Outside Working
Hours - may be substituted with proof of other
private insurance subscription) with cost of
USD150.

3. EXPATRIATE SERVICES
3.1 BASIC REQUIREMENTS
InCorp Indonesia assists our client in arranging the overall process in obtaining a work and stay permit (KITAS) in
Indonesia.

The work and stay permit (KITAS) procedure as follows:

Process Duration Period Fee Notes

(working (USD)
days)
Manpower scheduling 10 2 months 1,000 / 1,100 / ● The fee above is valid for the
(RPTKA) person person Jakarta area only. For
Pre-Approval RPTKA (Offshore) (Onshore) Semarang, Bali and other
Approval RPTKA 7 regions, by call.
● Clients shall agree to provide
Limited stay permit visa 10 any necessary documents
(VITAS) and/or information based on
applicable law of the
New limited stay permit 10 - 14
Republic of Indonesia to
(KITAS)
support the execution of this
New local police report 3 service.
(STM)

New resident registration 20

card (SKTT)

Exclusions:

Additional Process Fee (USD)

Government fee (DPKK) 100/ month
Employment Report 200/ year
BPJS social security and health program registration 400/ person
RPTKA representation 50
Dependent visa, applicable for foreigners who intends to bring their 850 per person
families into Indonesia (lawful spouse and children)
Client does not have a sponsor company in Indonesia Client must subscribe to HR outsourcing
service
 Exit permit which shall be arranged prior to visa expiration and 150/ person
leaving the country

Additional fees for clients from People’s Republic of China 100/ person

Expedite RPTKA+IMTA approval 150/ person

Expedite Limited Stay Visa 300/ person

ASTAKA Registration 400/ Person

3.2 MULTIPLE ENTRY BUSINESS VISA

InCorp Indonesia assists our client in managing multiple-entry business visas, valid for 1 year. Business visa is used
for business purposes, such as attending business meetings, seminars, exhibitions, training, etc.

Period Fee (USD) Notes

● The maximum length of stay in Indonesia for 1 period is 2
months, thus every 2 months require to exit the country to
obtain stamp from immigration at the airport
Approx. 10-14 Working 650/person ● InCorp Indonesia is unable to process for citizens from calling
Days visa countries such as Afghanistan, Guinea, Israel, North Korea,
Cameroon, Liberia, Niger, Nigeria, and Somalia.
● Clients shall agree to provide any necessary documents and/or
information based on applicable law of the Republic of
Indonesia to support the execution of this service.

Exclusions:

Additional Process Fee (USD)

Dependent visa, applicable for foreigners who intends to bring their 300 per person without sponsorship
families into Indonesia (lawful spouse and children)

Sponsorship for 1 year 100/ person

3.3 SINGLE ENTRY VISA

InCorp Indonesia assists our client in managing a single-entry visa, divided into business visa, social visa, tourist visa,
according to the purpose of the visit. Business visa is used for attending seminars, business meetings with clients
or vendors. Social visa is used for social purposes, mainly for family visit. This visa is valid for 60 days upon arrival
date and extendable for 2 times (each extension might be 30 days or 60 days, depending on immigration officer)
and with the maximum stay in Indonesia for 180 days .

Period Fee (USD) Notes

● The fee excludes visa extension fee for USD 400per extension
● InCorp Indonesia could provide sponsorship as and when
necessary, with the fee of USD 100/ person.
● 5 working days expedite service is available for an additional
Approx. 10 Working 350/person fee of USD 300/ person.
Days ● Clients shall agree to provide any necessary documents and/or
information based on applicable law of the Republic of
Indonesia to support the execution of this service.
● InCorp Indonesia is unable to process for citizens from
countries such as Srilanka, Pakistan, Bangladesh, Oman,
Yemen, Syria, Iran, Iraq, African countries besides Egypt.
3.4 DRIVING LICENSE (SIM)
InCorp Indonesia assists our clients in managing applications for driving licenses (SIM) for cars or motorcycles.
Once the foreigner has obtained a Limited Stay Permit (KITAS) or Permanent Stay Permit (KITAP), they are eligible
to obtain a driving license in Indonesia. The validity of the driving license will be 5 years.

Period Fee (USD) Notes

● With assistance from InCorp Indonesia, we can expedite the
3 days 200 ease and speed of the application as well as the approval of
the driving license.

3.5 Visa On Arrival (VOA) Extension

InCorp Indonesia assists our clients in managing VOA Extension with the validity of 30 days.

Period Fee (USD) Notes

● With assistance from InCorp Indonesia, we can expedite the
7 – 14 days 200 ease and speed of the application as well as the approval of
VOA Extension

3.6 Company Annual Report

InCorp Indonesia assists our clients in managing the company's annual report to the Ministry of Manpower. The
annual report is mandatory for every company who hires foreign workers in Indonesia.

Period Fee (USD) Notes

● With assistance from InCorp Indonesia, we can expedite the
5 days 100 ease and speed of the application

3.7 Revocation of Deportation

InCorp Indonesia assists our clients in managing revocation from deportation lists in immigration.

Process Duration Period Fee Notes

(working (USD)
days)
500 / ● With assistance from InCorp
Consultation 5 person Indonesia, we can expedite
the ease and speed of the
10 application
● The Revocation Fee excludes
Revocation 5 3000 additional fees occurred after
the immigration consultation

3.8 Address Mutation

InCorp Indonesia assists our clients in managing address mutation on ITAS/KITAP of expatriate.

Process Duration Period Fee Notes

(working (USD)
days)
Address Mutation on ITAS 5 25 200/ ● The fee above is valid for the
person DKI Jakarta only. For outside
Jakarta, including Semarang,
Address Mutation on SKTT 20 Bali and other regions, by call.
● Clients shall agree to provide
any necessary documents
and/or information based on
applicable law of the Republic
 of Indonesia to support the
execution of this service

3.9 Passport Mutation

InCorp Indonesia assists our clients in managing passport mutation on ITAS/KITAP of expatriate.

Period Fee (USD) Notes

7 150 ● With assistance from InCorp Indonesia, we can expedite the
ease and speed of the application

3.10 Single Visa Extension

InCorp Indonesia assists our clients in managing single visa extension with the validity of 30 or 60 days depending
on the immigration officer's decision. The visa can be extended for 2 times with the maximum stay up to 180 days.

Period Fee (USD) Notes

7 - 10 400 ● With assistance from InCorp Indonesia, we can expedite the
ease and speed of the application

3.11 Travel Permit (SKJ)

InCorp Indonesia assists our clients in managing Travel Permit from the police which allows foreigner visits and
work in other cities besides the city states in their work permit.

Period Fee (USD) Notes

3 100 ● With assistance from InCorp Indonesia, we can expedite the
ease and speed of the application

3.12 Police Clearance Certificate (PCC)

InCorp Indonesia assists our clients in managing Police Clearance Certificate and the Statement Letter of no
criminal records from Indonesian Police officers.

Period Fee (USD) Notes

3 100 ● With assistance from InCorp Indonesia, we can expedite the
ease and speed of the application

3.13 The KITAS ex WNI procedure

InCorp Indonesia assists our clients in managing KITAS ex WNI for foreigner who had an Indonesian passport
before.

Process Duration Period Fee Notes

(working (USD)
days)
Limited stay permit visa (VITAS) 10 1,5 months 1,000 / ● The fee above is valid for the
person Jakarta area only. For
Semarang, Bali and other
New limited stay permit (KITAS) 10 - 14 regions, by call.
● Clients shall agree to provide
New local police report (STM) 3 any necessary documents
and/or information based on
New resident registration card (SKTT) 20 applicable law of the Republic
of Indonesia to support the
execution of this service.
 3.14 The ITAS Conversion (SBV/Social Visa to ITAS Retirement)

InCorp Indonesia assists our clients in managing KITAS for expatriates who already have a social or business visa
in Indonesia.

Process Duration Period Fee Notes

(working (USD)
days)

Limited Stay Permit (KITAS)
New local police report (STM)
New resident registration card (SKTT)
40 - 70 2.5 months 2,000 / ● The fee above is valid for the
person Jakarta area only. For
Semarang, Bali and other
3 regions, by call.
● Clients shall agree to provide
20 any necessary documents
and/or information based on
applicable law of the Republic
of Indonesia to support the
execution of this service.

3.15 The ITAS Conversion (SBV/Social Visa to ITAS Spouse/ITAS ex WNI)

InCorp Indonesia assists our clients in managing KITAS for expatriates who already have a social or business visa
in Indonesia.

Process Duration Period Fee Notes

(working (USD)
days)
Limited Stay Permit (KITAS) 30 2.5 months 2,000 / ● The fee above is valid for the
person Jakarta area only. For
Semarang, Bali and other
regions, by call.
● Clients shall agree to provide
any necessary documents
and/or information based on
applicable law of the Republic
of Indonesia to support the
execution of this service.

4. HR SERVICES
4.1 PAYROLL PROCESSING AND OUTSOURCING
InCorp Indonesia provides payroll processing and outsourcing for client’s employees before and after establishment
of a legal entity in Indonesia.
The package of payroll processing as follows:

Service Period Notes

● Monthly payroll, tax, and BPJS calculation Minimum 1 ● For any off-cycle
● Monthly tax report (SPT Masa 1721 & 1721-II) year service calculations, such as
● Social security (BPJS Ketenagakerjaan) bonus and Festive
● Health program (BPJS Kesehatan) Holiday Allowance will
● Payroll summary be charged into 1-
● Detail payslip month fee.
● Annual proof of tax cut (SPT 1721A1) ● The fee excludes
● Additional activities for payroll outsourcing is salary payment to Annual Individual Tax
all employees Return (SPT 1721-I)
below:
HR Cloud Payslip view* ○ Foreigner : USD
200 per person
 Leave Module – leave request and acceptance (Optional based on ○ Local : USD 20 per
request)* person

*Payroll with optional online portal leave and payslip management system (additional
fees applied)

Fee:

Employees Payroll Processing (or Review) Payroll Outsourcing

Implementation fee One-time USD 300/ per tax entity + USD 0

Monthly fee (according to 1 – 10 USD 200 + USD 50
number of employees)
11 – 50 USD 300 + USD 50
51 – 100 USD 400 + USD 50
Bank transfer fee - - USD 0.5/ person
BPJS registration - USD 25/ person USD 25/ person

HR COMPLIANCE SERVICES

Description Fee (USD) Period

Employment Agreement Master Draft 500 One-time

New EMployment Agreement for New Joiner 50/employee Ad-hoc

Proxy Signatory for Employment Contract 100/document Ad-hoc

Proxy Signer PoA 200 Ad-hoc One-time

Registration - Deregistration of Employee Benefits 25/employee Ad-hoc

Termination Consultation (Minor) 350/case Ad-hoc

Termination Consultation (Major) 1,000/case Ad-hoc

Severance Calculation 20/person Ad-hoc

In-depth HR Consultation Service (Written Report) 300 Ad-hoc

Submitting Employment Agreement to Ministry of manpower 500/submission Ad-hoc

4.2 RECRUITMENT
InCorp Indonesia assists our client in recruitment / head hunting of employees in Indonesia or hiring Indonesian
employees for our client’s office overseas. We assist our clients to source the most suitable candidate for their
employee, from the staff level, supervisor level, managerial level and the director level. Each of position have a
different timeline, you can see the detail below:

Import Assistance Explanation

Staff level Approx 3 Weeks – 1 Month*
Supervisor level Approx 1 Month – 1,5 Month*
Managerial level Approx 2 Months*
Director level Approx 2 Months*

If the clients have a specific requirement, we need more time to look for the best candidate. We also can provide the
offering letter to clients when the clients already decide who will be their employee. It takes 1 – 2 days of working day
The activities of recruitment also include:

Service Period Fee (USD) Notes

● Promotion of the Refer to 18% from ● There is initial fee of USD 100 which will be deducted
job vacancies above gross from the service fee after candidate selected
● Conducting pre- (*witho annual ● The time required for candidate selection will depend on
interview ut any salary the requirements.
● Shortlist of specific (min. USD ● Warranty period is applicable for 1 time and duration 3
candidates based require 1,000) months from the date of employment, where InCorp
on requirements ments) Indonesia will replace the candidate without any
● Arranging final additional fees.
interview ● For example: Client recruited employee A with InCorp
physically or by Indonesia’s assistance. If it turns out that Client is not
phone with client’s satisfied with A’s performance within 3 months since
representative his/her employment, then Client can request InCorp
Indonesia to seek another candidate replacement at no
cost.

4.3 HR OUTSOURCING / EMPLOYER OF RECORD

InCorp Indonesia provides HR Outsourcing for client’s employees to have payroll under InCorp Indonesia in the event
the client doesn’t establish a legal entity in Indonesia or in the process of incorporation.
The package of HR Outsourcing as follows:

Service Period Notes

● Employment According to ● Each employee will receive an employment contract under InCorp
contract the project Indonesia for a temporary period on a project basis.
● Monthly payroll duration ● A refundable security deposit (2 time of monthly payroll cost for
computation local employee or 1 time of monthly payroll cost for foreign
● Monthly tax employee) is required to cover severance following termination
computation without notice to comply with Indonesian regulations
● Monthly tax report ● 11% VAT will be applied for both salary and service invoice (also
(SPT Masa 1721 & applicable to security deposit)
1721-II) ● Payment of service fee should be in advance according to the
● Fund transfer agreed project period.
report
● Detail payslip
● Annual tax report
(SPT 1721A1)

Fee:

Period Payroll Processing (or Review)

Implementation fee One-time USD 300
Foreign Employee Monthly 5% from total gross salary, with minimum
amount USD 500 / person
Local Employee Monthly 5% from total gross salary, with minimum
amount USD 120 / person
5. FINANCE SERVICES
5.1 ACCOUNTING & TAX REPORTING (STANDARD)
InCorp Indonesia provides accounting and tax reporting services. The standard service is applicable for general
trading and service companies.
The package of accounting and tax reporting as follows:

Service Period Notes

● Balance Sheet Minimum ● Additional fee applied for monthly VAT
● Income Statement 1-year reporting (based on number of transactions)
● Monthly tax report (withholding tax) service ● Items refer to number of journal inputs in the
● Monthly VAT report (with additional fee) ledger
● Annual tax report ● The fee shall be paid in advance for 1-year
period

Fee:

Implementation fee One-time USD 300

Accounting + Tax Tax Only

1 – 20 Items USD 200 USD 100

21 – 50items USD 250 USD 125

Monthly fee 51 – 150 items USD 300 USD 150
(according to number of 151 – 300
transactions) USD 400 USD 200
items

Above 300
USD 1.3 / item USD 0.65 / item
items

Annual report/Tax Return Annually USD 400 USD 200

5.2 ACCOUNTING & TAX REPORTING (COST ACCOUNTING)

InCorp Indonesia provides accounting and tax reporting services, including cost accounting (job costing) which is
suitable for manufacturing (production) companies, restaurants, etc.

The package of accounting and tax reporting as follows:

Service Period Notes

● Balance Sheet & Inventory management Minimum ● Additional fee applied for monthly VAT
● Income Statement 1-year reporting (based on number of transactions)
● Job costing including direct labor and service ● Items refer to number of journal inputs in the
overhead costs ledger
● Monthly tax report (withholding tax) ● The fee shall be paid in advance for 1-year
● Monthly VAT report (with additional fee) period
● Annual tax report

Implementation fee One-time USD 300

Monthly fee (according to 1 – 10 USD 375
number of transactions) 11 – 50 USD 600
51 – 100 USD 825
Above 300 items USD 1.5 / item
Annual report/Tax Return Annually USD 400
 5.3 VAT REPORT (ADDITIONAL FEE)

Service Number of Transactions Additional Fee

1 – 10 USD 50

11 – 50 USD 100
Monthly VAT Report
51 – 100 USD 200

150 – 400 USD 300

5.4 ZERO TAX REPORTING

InCorp Indonesia provides zero taxation report services. After your company is established, it is mandatory to submit
an annual tax report, although you have no activities and zero taxes (dormant company).

Implementation fee One-time USD 300

Annual report/Tax Return Annually USD 400

5.5 ONLINE ACCOUNTING PLATFORM

InCorp Indonesia offers online accounting and bookkeeping solutions as extension from our standard accounting
service. We offer online accounting system with following advantage:

Service Fee (USD)

● Database saved in the cloud 300/ year for
● Accessed anytime and anywhere, possibility to downloading the app for Android system
● Documents can be uploaded to extract transaction, no need to store documents subscription
maintenance
separately
(additional to the
● Online approval module for every transaction such as invoicing, payment, etc standard
● Cost center suitable for clients with many projects. Easy evaluation of profitability of accounting
each project -tax reporting fee)

5.6 FINANCIAL AUDITING

InCorp Indonesia provides auditing service for financial reports to the client.

The package of financial auditing as follows:

Service Fee (USD)

Start from 3,000
● Audit procedure
● Scope of audit services
● Paper checks
● Legalization of Public Accounting Firm
● External audit report

6. TERMS OF PAYMENT

✔ 100% shall be paid in advance

✔ For office service for incorporation, payroll processing / outsourcing, accounting & tax reporting shall be
engaged in minimum for 1 year of services
✔ The fee is subject to 11% VAT
✔ The project duration is counted once all required documents are received
✔ The quotation is valid up to 30 days from proposal submission
FORMAL SERVICE AGREEMENTS

• Formal service agreements are to be executed between In.Corp and the Company post the acceptance of this
proposal letter by way of email.
• Additional fees will be charged for services rendered in connection with matters outside the scope of services
outlined above and for services rendered where time costs exceed the fees quoted above.
• Our fees are based on current regulations and market practices. Should there be changes which impact our
scope of services or effort involved, we will be pleased to discuss them with you to arrive at a mutually agreeable
solution.

TERMINATION

• Either Party may terminate the above-mentioned services with one (1) month’s prior written notice thereof. In
the event that this engagement is terminated, we shall still be entitled to our fee and out-of- pocket expenses
accrued up to the date of the end of service.

MISC TERMS

• Our professional name who is appointed as the Company Secretary of the Company shall be indemnified by the
Company against any actions, proceedings, costs, charges, losses, damages and expenses incurred by him/her
as Secretary of the Company. He/She shall cease to be Company Secretary of the Company upon termination
by the Board of Directors or upon his/her giving written notice of resignation to the Company at its registered
office.
• We are to be advised as soon as there is a need to file any of the returns required under the Companies
Act and Regulations relating to the matters which are not within our knowledge.
• All out of pocket expenses reasonably incurred by us on your behalf will be borne by your Company, where prior
consent will be obtained from you. The fees and expenses do not include Goods and Services Tax (“GST”). The
GST (if applicable) will be included in our invoices as a separate item.

GOVERNING LAW

• This Letter shall be governed by and construed in accordance with the laws of Indonesia and the parties hereto
shall opt for arbitration in accordance with the provisions of Arbitration in Indonesia Law No. 30 of 1999 to the
Badan Arbitrase Nasional Indonesia/BANI (Indonesian National Board of Arbitration) over any disputes, which
may arise out of or in accordance with it.

We hope to hear from you favorably on our proposal. Please do not hesitate to let us know if you need
further clarifications.

Yours Sincerely,

Incorp Indonesia
 INCORP INDONESIA (Formerly Cekindo)

AXA Tower 36th floor

Kuningan City, Jl. Prof. Dr. Satrio Kav. 18, Kuningan
South Jakarta 12940, Indonesia

Phone : +62 21 5010 1510

WhatsApp : +62 813 3355 7116
E-mail : sales@incorp.co.id
Website : incorp.co.id, cekindo.com

+65 6812 1611

+65 8699 8821
info@incorp.asia incorp.

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