**As of mid-2026, Indonesia has not lowered or raised the headline PT PMA thresholds since 2024: the investment plan stays at IDR 10 billion and paid-up capital at IDR 2.5 billion, counted per KBLI code per regency. What changed is enforcement — how OSS-RBA reads the declaration, and which Bali-registered codes it will accept.**
That distinction matters more than the numbers themselves. A founder reading a 2023 blog post and a 2026 registration officer are working from the same figures but a different rulebook. This tracker records what has actually moved since 2024 and flags the dated 2026 signals worth watching into 2027. Treat everything below as an outlook, not a prediction, and confirm the live rules with licensed Indonesian counsel before you file.
What are the current PT PMA capital thresholds in 2026?
A PT PMA — Perseroan Terbatas Penanaman Modal Asing — is Indonesia’s standard vehicle for foreign-owned companies, supervised by BKPM under the Ministry of Investment. Two numbers define its capital, and they are not interchangeable.
| Requirement | Amount (IDR) | Approx. USD | What it means |
|---|---|---|---|
| Minimum investment plan | 10,000,000,000 | ~660,000–700,000 | A declared commitment, excluding land and buildings, counted per 5-digit KBLI code per regency |
| Minimum paid-up capital | 2,500,000,000 | ~150,000–175,000 | 25% of the plan; money that must actually be injected into the company |
| Initial bank deposit to open the account | often under 1,500,000 | ~under 100 | Administrative only; separate from the capital requirement |
According to Emerhub, the IDR 2.5 billion paid-up floor is fixed by Article 26(10) of BKPM Regulation No. 5 of 2025 — the most recent reset of that rule. The investment plan is a promise on paper; the paid-up capital is money the company must hold. Per Bali Villa Realty, the deposit that physically opens the corporate bank account can be small, which regularly tricks first-time founders into thinking the IDR 2.5 billion is optional. It is not.
Because the IDR 10 billion applies per KBLI code per location, a company holding three codes across two regencies is not looking at IDR 10 billion — it is looking at a multiple. That is where the real Bali cost sits, and why the headline figure understates the ground-level [registration cost in Bali](/bali-pt-pma-registration-cost/) most founders actually face.
How have the thresholds been enforced since 2024?
The figures held; the paperwork around them tightened. Here is the dated sequence as we read it as of July 2026.
| When | Signal | Effect |
|---|---|---|
| 2024 | IDR 10B / IDR 2.5B framework carried over from prior BKPM rules | Baseline unchanged |
| 2024–2025 | OSS-RBA began rejecting low and medium-low risk KBLI codes for PT PMAs at Bali addresses | Code selection became a gating step, not a formality |
| 2025 | BKPM Regulation No. 5 of 2025 re-states the 25% paid-up rule in Article 26(10) | Confirms the IDR 2.5B floor; signals an active file |
| 2025–2026 | Stricter LKPM investment-realization reporting scrutiny | The declared IDR 10B plan is increasingly checked against actual spend |
| Mid-2026 | Numbers steady; declaration accuracy and address-based code screening still enforced | Same floor, higher friction |
The pattern is consistent. Regulators left the thresholds alone but raised the cost of declaring them loosely. A plan that would have passed on trust in 2023 now invites a realization check from the same authorities that legalize the deed — the Ministry of Law and Human Rights on formation, BKPM and OSS-RBA on licensing.
Do all sectors carry the same capital floor?
No. The IDR 10 billion is a baseline, not a ceiling, and several factors push the real requirement higher.
- Multiple KBLI codes: each 5-digit code at each location carries its own IDR 10 billion plan.
- Sector-specific minimums: some classifications — construction, certain financial and resource activities — sit under separate rules that can exceed the baseline.
- Ownership caps: the Positive Investment List sets the maximum foreign-ownership percentage per KBLI, so a capped sector may force a local partner before capital is even discussed.
- What is excluded: land and buildings do not count toward the IDR 10 billion, so a property-heavy plan still needs liquid capital on top.
The KPPA representative office remains the one lawful route without the IDR 10 billion. A KPPA may do market research, liaison and promotion only — no invoicing, no revenue. Cross that line with “soft” commercial activity and the foreign parent risks permanent-establishment tax exposure.
Who must a PT PMA still appoint, whatever the capital rule?
Capital is only half the entry test. As of 2026 a PT PMA needs at least two shareholders (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 and a personal NPWP tax number, per Indonesia-Investments. None of these obligations bend with the capital threshold, and a 2027 change to the IDR figures would not touch them.
What 2026 signals point to a 2027 revision?
This is outlook, not prediction. Nothing below is settled law. These are the dated signals a founder should track before assuming 2027 looks like 2026.
- Active rule-making: BKPM issuing a fresh regulation in 2025 (No. 5) shows the paid-up rule is a live file, not a frozen one.
- Bali address screening: the OSS-RBA practice of blocking low-risk codes at Bali addresses could be codified or relaxed — either would change registration strategy materially.
- Realization pressure: tighter LKPM enforcement suggests the next lever is not the threshold amount but proof the plan is real.
- Investment-attraction politics: periodic government talk of easing entry for priority digital and green sectors could carve out lower floors for specific codes.
Our read as of mid-2026: a headline cut to the IDR 10 billion figure is the least likely change; targeted, code-specific and enforcement-side adjustments are the more probable direction. Confirm any 2027 move against the primary source before acting.
What should founders watch before 2027?
- Confirm the live figure with BKPM or licensed counsel on the day you file — not a cached blog number.
- Map every KBLI code to its ownership cap and its own IDR 10 billion multiple.
- Budget the paid-up IDR 2.5 billion as real, injected money, separate from the token bank-opening deposit.
- Test the Bali address against OSS-RBA code screening before signing a lease.
- Keep LKPM realization reporting clean; the declared plan is now audited against spend.
On tax, a company with annual turnover under IDR 4.8 billion can qualify for the 0.5% final turnover-tax regime; above that, normal corporate income tax applies, and after-tax profit can be repatriated as dividends.
This tracker is maintained by the Archipelago Desk editorial team and is information, not legal, tax or investment advice. Figures are stated as of July 2026 and subject to change. Foreign directors resident in Indonesia carry personal NPWP duties, and Indonesia exchanges tax information with Australia, Singapore, the US and EU jurisdictions under CRS. Verify current rules with licensed Indonesian counsel, a registered tax consultant, and the Directorate General of Taxes (DJP) and BKPM directly before you commit capital.