How much capital do you need for a PT PMA in 2026?

Two numbers get confused constantly, and the confusion costs people either a wasted setup or a rejected licence.

Paid-up capital: IDR 2.5 billion

Since BKPM Regulation 5/2025 took effect on 2 October 2025, the minimum paid-up capital for a PT PMA is IDR 2.5 billion, down from IDR 10 billion.

This is money that must actually sit in the company's bank account. It is declared at incorporation, deposited once the account opens, and expected to remain for around twelve months. It is your money, in your company, usable for the business.

Investment plan: still over IDR 10 billion

The total investment value must still exceed IDR 10 billion per five-digit KBLI code, per location, excluding land and buildings.

This is a plan, not a deposit. But it is what the licensing system assesses, and it is the number most people miss when they read a headline about capital being reduced.

Some sectors are assessed differently: food and beverage on the two-digit KBLI per regency, wholesale and construction on four digits. Which bracket you fall into depends on your KBLI, which is why the KBLI choice is the most consequential decision in the whole setup.

What this changed in practice

Before October 2025, a foreigner needed IDR 10 billion, roughly USD 600,000, sitting in cash to start. That put a legal structure out of reach for most people buying a single villa, which is a large part of why nominee arrangements were so common.

At IDR 2.5 billion, roughly USD 150,000, the legal route is now realistic for a much wider range of buyers. Combined with the criminalisation of nominees in Bali in February 2026, the calculation has flipped.

KBLI

Your KBLI code determines what the company may legally do, whether foreigners may own 100% of it under the Positive Investment List, and what licences apply. For villa rental the relevant code is 55193. Pondok Wisata (55130) is restricted to Indonesian citizens and is not available to you.

Choosing a KBLI because it is easy to register, then operating outside it, is a common and bad idea. The licence you eventually need will be checked against the code.

Setup

Everything runs through OSS-RBA: deed of establishment before a notary, ministry approval, NIB issued, then risk-based licensing according to your KBLI. Four to eight weeks is realistic when documents are clean.

One recent change worth knowing: as of May 2026, virtual offices are reported to be no longer accepted for PT PMA registration in Bali. Budget for a real address.

Two numbers, often confused

Investment plan value is the total the company commits to invest, assessed per business classification and per project location. It is the threshold that determines whether the company can register the activity at all.

Paid-up capital is the amount that must actually be deposited into the company. It is the number that affects your cash position.

Buyers regularly hear one figure, budget for it, and discover the other. Establish both, for your specific classification and location, before you commit to the structure.

Per classification, per location

The threshold is generally assessed per KBLI code and per project location rather than once per company. That has two practical consequences.

Adding business activities is not free. A company registering two distinct classifications may face the threshold twice.

Operating in two regencies can be treated as two project locations. A structure that made sense for one villa may not scale to a second in a different area the way an owner assumed.

What counts toward the investment

The rules define what may be included in the investment value, and land, buildings and working capital are treated differently. Do not assume the purchase price of the land simply satisfies the requirement.

Confirm the treatment before relying on it in your funding plan, because getting this wrong means finding additional capital at the point the company is being registered.

The costs that come with the structure

Does the structure fit the project?

For a single villa, the capital requirement and continuing compliance burden are substantial relative to the asset. For a genuine development or a multi-property operation, they are proportionate.

The July 2026 closures matter here too. A PT PMA can hold land under HGB and can develop, but it can no longer register the villa or homestay classifications as a new foreign-owned company. Confirm that the activity you are capitalising the company to perform is one it can actually register.

Verify the current thresholds before budgeting. They have been revised and they will be again.