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

The paid-up requirement dropped 75% in October 2025. The investment plan requirement did not.

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.