How does the Investor KITAS (E28A) work?

If you have set up a PT PMA, to hold property on HGB, to run villa rentals, to run any business, the E28A is the stay permit that goes with it.

What it gives you

Two years, renewable. Residency, a local bank account, the ability to hold Hak Pakai personally alongside whatever the company holds, and a legal basis to be involved in your own business.

Requirements

Qualifying shareholding in the PT PMA. The company must be properly incorporated with its NIB issued through OSS, and the paid-up capital must actually be in the company's account.

Where you are a shareholder taking a director or commissioner role, parts of the foreign worker approval process are relaxed under Article 19 of PP 34/2021. Where you are working in the company as an employee rather than an owner, you are in Work KITAS territory instead: full RPTKA approval, plus the DKPTKA levy of USD 100 per month: USD 1,200 a year per foreign worker, paid through SIMPONI before the permit issues.

What it costs to keep

The visa is the cheap part. The company behind it is not. A PT PMA carries:

• Monthly tax filings through Coretax
• Quarterly LKPM investment reports
• Annual corporate tax return, due 30 April
• Annual financial statements
• BPJS health and employment registration for staff

Budget several thousand US dollars a year for accounting and compliance before you have earned anything. People underprice this constantly, then let the filings slip, then discover the company is non-compliant at the exact moment they need it to be clean, a sale, a licence renewal, a visa extension.

The dormant company problem

An investor KITAS is attached to a real company doing real business. A PT PMA that exists only to hold a villa, files nothing, and reports no activity is visible to both the investment board and the tax office.

If your only reason for the company is to hold property you live in, look hard at whether Hak Pakai does the job instead. It has no annual compliance load at all.

What the E28A is and is not

The investor KITAS is a residence permit granted on the basis of your shareholding in an Indonesian company. It lets you live here in connection with that investment.

It is not a general work permit. What you may actually do inside the company depends on your role and on whether a work authorisation accompanies the permit. Holding shares and holding the right to perform a job are different things, and the distinction is being enforced.

The requirements

The shareholding threshold sits alongside the PT PMA's own capital requirement, and both have been revised. Confirm the current figures before structuring, because a plan built on last year's numbers may not clear.

The dependency people underestimate

Your permit rests on the company. If the PT PMA falls out of compliance, misses its LKPM reporting, has its NIB suspended, or lets its classifications lapse, your residence status is exposed.

That makes annual compliance a personal matter, not an accounting chore. Owners who treat the company as a formality while relying on its permit have a single point of failure they are not watching.

The KBLI question

Bali closed 18 low-risk classifications to new PT PMA registration on 22 July 2026, including villa, homestay, real estate and management consultancy. A company formed to operate a villa rental cannot register those activities as a new foreign-owned entity.

That matters for an investor KITAS because the permit is granted in connection with a real business. The classification the company can actually register determines what business exists to invest in.

Renewal

The permit is issued for a defined term and renewed while the investment and the company remain in good standing. Renewal is not automatic and it is not retrospective: allowing the company's position to deteriorate and fixing it at renewal time is considerably harder than maintaining it.

Is it the right route?

If you genuinely intend to run a business here, yes. If the business exists mainly to produce a visa, the ongoing capital, compliance cost and dependency usually make one of the other long-stay routes cheaper and simpler.