**As of 2026, the minimum paid-up capital for a PT PMA in Indonesia is IDR 2,500,000,000 — roughly USD 150,000 to 175,000 depending on the exchange rate. That is 25% of the mandatory IDR 10 billion investment plan, and unlike the plan, the paid-up amount must actually be injected into the company (subject to change).**
If you have read three agency websites about opening a foreign-owned company in Bali, you have probably seen three different “minimum capital” figures. Some quote IDR 10 billion. Some quote IDR 2.5 billion. A few quote a number under USD 100. All three can be technically correct at the same time, which is exactly why founders get confused before they have spoken to a single notary. Here is the plain version of what each number means and which one leaves your bank account.
Investment plan or paid-up capital — which number actually leaves your pocket?
A PT PMA — Perseroan Terbatas Penanaman Modal Asing — is Indonesia’s standard vehicle for foreign-owned companies, overseen by BKPM under the Ministry of Investment. Every PT PMA carries two capital figures that agencies love to blur together:
- The investment plan of IDR 10,000,000,000 (roughly USD 660,000-700,000 as of 2026) is a commitment — a declared plan of how much you intend to invest over time, including assets, equipment and working capital. It is not cash you hand over at incorporation.
- The paid-up capital of IDR 2,500,000,000 (about USD 150,000-175,000 as of 2026) is real money — issued shares that shareholders have actually subscribed and paid into the company.
| Item | Amount (as of 2026) | Approx. USD | What it is | Do you inject it? |
|---|---|---|---|---|
| Total investment plan | IDR 10,000,000,000 | ~USD 660,000-700,000 | A declared commitment over time | No — it’s a plan |
| Minimum paid-up capital | IDR 2,500,000,000 | ~USD 150,000-175,000 | Subscribed and paid share capital | Yes — it’s real equity |
| Deposit to open the account | often under USD 100 | under USD 100 | Administrative account opening | Yes, but tiny |
The paid-up figure is the one that matters for your cash flow. The investment plan is a ceiling of intent; the paid-up capital is equity that belongs to your own company.
Where does the IDR 2.5 billion figure come from?
The 25% paid-up rule is not folklore. According to Emerhub, the IDR 2.5 billion paid-up floor is set by Article 26(10) of BKPM Regulation No. 5 of 2025 — 25% of the IDR 10 billion investment plan. Before founders over-interpret older blog posts, note that Indonesian investment rules are refreshed regularly, so the governing regulation and its exact wording are worth confirming with current counsel rather than a cached article.
Do you actually need USD 150,000 sitting in the bank on day one?
This is the question that separates a realistic budget from a panic. The honest answer: the IDR 2.5 billion is share capital your company must hold as equity — but the mechanics of proving it are softer than “wire USD 150,000 before you can register.”
To physically open the corporate bank account, the initial deposit can be administratively small, often under USD 100, per Bali Villa Realty — separate from the formal capital requirement. The paid-up capital is then evidenced through the deed of establishment and a capital statement rather than a frozen cash screenshot on the day of incorporation. That distinction is one of the biggest line items when you map out the full PT PMA registration cost, because it changes when — not whether — the money has to be available.
None of this means the IDR 2.5 billion is optional. It is a genuine equity obligation of the company, and BKPM can ask for evidence. It simply is not a toll gate you pay in cash at minute one.
How does proof of capital actually work?
In practice, capital is documented across the incorporation paperwork rather than certified by a single bank slip. The typical sequence looks like this:
- Shareholders declare the total investment plan (IDR 10 billion) and the issued/paid-up capital (at least IDR 2.5 billion) in the deed of establishment — the Akta Pendirian — signed in Indonesian before a public notary.
- The deed is legalized by the Ministry of Law and Human Rights, which fixes the company’s authorized, issued and paid-up capital in the record.
- The company obtains its NIB through the OSS-RBA online single submission system and its corporate NPWP from the tax office.
- The corporate bank account is opened with a small administrative deposit, and shareholders inject capital as the business actually needs it for operations, assets and working capital.
- If asked, the company evidences paid-up capital with a shareholder capital statement, bank records and financial statements over time.
The takeaway: paid-up capital is a legal figure recorded at formation and backed by real equity — not a one-off cash inspection.
Who has to put the capital in?
Capital is subscribed by shareholders, so the structure matters. A PT PMA needs at least two shareholders (individuals or corporates, with at least one foreign), one director and one commissioner. The director must reside in Indonesia; a foreign director needs a KITAS work and stay permit plus a personal NPWP tax number, per Indonesia-Investments. Those two or more shareholders are the parties whose names sit behind the IDR 2.5 billion of issued shares.
This is also where the honest warning applies: routing shares through an Indonesian nominee to dodge the capital or ownership rules is risky and effectively unenforceable. If the capital and ownership are not genuinely yours on paper, the protection you think you bought does not exist.
What happens to the capital once it’s injected?
The IDR 2.5 billion is not sunk cost parked with the government. It is your company’s own equity, usable for premises, staff, equipment and working capital — the actual business you came to build. On the tax side, a PT PMA with annual turnover under IDR 4.8 billion can qualify for the 0.5% final turnover-tax regime administered by the Directorate General of Taxes; above that threshold, normal corporate income tax applies. After-tax profits can later be repatriated as dividends. All figures here are as of 2026 and subject to change.
The short version
| Question | Answer (as of 2026) |
|---|---|
| Minimum paid-up capital | IDR 2,500,000,000 (~USD 150,000-175,000) |
| Legal basis cited | Art. 26(10), BKPM Regulation No. 5 of 2025, per Emerhub |
| Total investment plan | IDR 10,000,000,000 (a commitment, not injected) |
| Cash to open the bank account | often under USD 100, per Bali Villa Realty |
| Is the capital yours? | Yes — it is company equity, usable for operations |
Before you wire anything or sign a deed, treat these numbers as a planning baseline, not legal advice. Regulations, exchange rates and OSS-RBA practice shift, and Bali addresses in particular face extra KBLI-code scrutiny. Confirm your exact capital position with licensed Indonesian counsel and a registered tax consultant before committing funds. Archipelago Desk publishes market-entry information, not legal, tax or financial advice, and can connect you with vetted licensed partners to verify your specific setup.