PT PMA Minimum Capital Requirements in Indonesia (2026 Guide)
Indonesia’s booming economy and Bali’s dynamic international community offer incredible opportunities for foreign investors. However, entering this market requires strict compliance with the Indonesian Investment Coordinating Board (BKPM).
If you are planning to set up a PT PMA (Perseroan Terbatas Penanaman Modal Asing), the most common and significant hurdle you will face is understanding the financial compliance and minimum capital regulations.
At Royal Visa, our legal consultants have guided hundreds of entrepreneurs through the incorporation process. We frequently encounter clients who are confused by conflicting information online regarding how much money they actually need to start a business in Bali.
This guide breaks down the exact 2026 financial requirements for a PT PMA, explaining the difference between authorized and paid-up capital, and how to keep your company fully compliant.
The IDR 10 Billion Minimum Investment Rule
To protect the local economy and ensure foreign investors are bringing substantial value to the country, the Indonesian government mandates a minimum investment plan for all foreign-owned companies.
As of the latest regulations enforced in 2026, the minimum investment plan for a PT PMA is IDR 10,000,000,000 (approximately USD 620,000 to USD 650,000, depending on exchange rates).
Important Caveats to Note:
Exclusion of Property: This IDR 10 billion requirement strictly excludes the value of land and buildings.
Per KBLI Code: This minimum requirement applies to each 5-digit KBLI (Standard Classification of Indonesian Business Fields) code you choose. If your company operates in two entirely different business sectors, your total investment plan may double.
Authorized vs. Issued vs. Paid-Up Capital: The Breakdown
A common misconception we clarify for our clients at Royal Visa is that you do not need to deposit IDR 10 billion into a bank account on day one. To understand your immediate financial obligations, you must understand three legal terms:
1. Authorized Capital (Modal Dasar)
This is the total maximum value of shares your company is legally allowed to issue. For a PT PMA, your authorized capital must be at least IDR 10,000,000,000. This acts as your long-term business plan and investment commitment.
2. Issued Capital (Modal Ditempatkan)
This is the portion of the authorized capital that the shareholders have agreed to subscribe to. Under Indonesian Corporate Law, a minimum of 25% of the authorized capital must be issued.
3. Paid-Up Capital (Modal Disetor)
This is the actual cash that must be injected into the company. The law requires that at least 25% of the authorized capital (which equates to IDR 2,500,000,000 or roughly USD 160,000) must be fully paid up.
How to Legally Prove Your Paid-Up Capital in 2026
In the past, the system was relatively lenient regarding proof of capital. However, in 2026, the OSS (Online Single Submission) system and BKPM audits are highly integrated and strictly enforced.
The Proper Procedure:
During the drafting of your Deed of Establishment, the founders must sign a notarized statement letter declaring their commitment to transfer the paid-up capital.
Once your PT PMA is officially incorporated and you have obtained your NPWP (Tax ID), you must immediately open a corporate bank account in Indonesia.
The shareholders must transfer the IDR 2,500,000,000 into this corporate account.
Expert Tip from Royal Visa: Do not attempt to falsify capital statements. Using the funds for personal expenses immediately after depositing them is a red flag. The paid-up capital is meant for corporate use—such as leasing a commercial space, purchasing equipment, or paying employee salaries.
Need the full picture? Read our Hub Article: [The Ultimate Guide to Setting Up a Foreign-Owned Company (PMA) in Bali]
Connecting Capital to Your Investor KITAS (E28A)
Your company’s financial structure directly impacts your immigration status. Establishing a PT PMA is the gateway to securing an Investor KITAS (E28A), which allows you to live and manage your business in Bali legally.
To be eligible as a sponsor for an Investor KITAS, the foreign individual must hold a specific amount of personal shares within the PT PMA:
You must be registered as a Director or Commissioner.
Your personal share value must be at least IDR 1,125,000,000 of the paid-up capital.
Learn more about integrating your visa: [How to Sponsor Your Own Investor KITAS (E28A) Through Your Bali PMA]
Ongoing Financial Compliance: The LKPM Report
Setting up the capital is only the first step. To maintain your Business Identification Number (NIB) and operational licenses, a PT PMA must file an LKPM (Laporan Kegiatan Penanaman Modal) or Investment Activity Report.
What is it? A report submitted to BKPM detailing the realization of your IDR 10 billion investment plan (e.g., how much you have spent on operations, marketing, and assets during that period).
How often? For most operational PT PMAs, this must be submitted quarterly.
Failure to submit the LKPM on time can result in official warnings and, ultimately, the suspension or revocation of your company’s licenses. Our administrative team regularly assists PMA owners in auditing and filing their LKPM reports to ensure 100% compliance.
Secure Your Investment with Royal Visa
Structuring the capital for a PT PMA requires careful legal and financial planning. A mistake during the Deed of Establishment phase can cost you months of delays and significant financial penalties.
Do not navigate Indonesian corporate finance alone. Ensure your capital structure meets the 2026 BKPM standards and optimally positions you for your Investor KITAS.
Contact the expert legal consultants at Royal Visa today for a free consultation regarding your PT PMA investment plan.
