Importer of Record:
Indonesia as Export Market
Using Importer of Record is one of the alternative to enter Indonesia market and shorten the timing. If you need to set up a company and apply for import licenses, this can take up to 3-6 months. Contact us to finding on how to do it better for your business.
Import Procedures of Republic of Indonesia
Market Entry Strategy
There are various strategies which a company adopt to enter into a new market for exports e.g. using and agent, establishing an office, franchising, joint venture / licensing, distribution or sales channel or selling it to Govt.
In Indonesia most effective & popular market entry strategy is via agents or distributors.
- An agent would be an Indonesian national trading company acting as mediator to act for and on behalf of the principal on the basis of agreeing to undertake marketing without transferring rights to physical goods and/or services owned/controlled by the appointing principal. The principal may be a manufacturer or supplier, and may be located offshore or onshore. The agent never acquires any rights to the goods and services.
- A distributor is a national trading company acting for and on behalf of the company on the basis of an agreement to purchase, store, sell as well as market goods and/or services owned or controlled.
What is Importer of Record?
Importer of record (IOR) is a term used in customs law. It refers to an importer, whether an entity or individual, who is responsible for ensuring that legal goods are imported in accordance with the law of the place. Importer is responsible for filing legally required documents. Payment of the assessed import duties and other taxes on the imported goods are to be given by the importer on record.
Benefits to use the Importer of Record (IOR)
1. Fast import to anywhere in Indonesia without having a legal entity;
2. Smooth and seamless custom clearance;
3. Compliance with local laws;
4. Door to door service. Bizindo will arrange all the port clearance including pick up and delivery to your location.
5. No surprise charges at your end. All cost of demurrage, handling, warehousing, tax payment, and etc are covered by Bizindo.
6. Therefore, customer can focus on their core business.
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