INVESTMENT VALUE

PT PMA Investment Requirement: Over IDR 10 Billion Explained

A decision-led brief on the general investment-value baseline, calculation unit, exclusions, exceptions, and distinction from paid-up capital, built for foreign investors who need a controlled path from filing to lawful operations.

By Elara Vance Updated August 3, 2026 4-minute read

The general PT PMA investment baseline is more than IDR 10 billion, excluding land and buildings, per five-digit KBLI per project location, subject to specific calculations and exceptions. It is not a registration fee. The conclusion must be matched to the exact KBLI, sector, location, shareholders, authority, and transaction rather than applied as a slogan. Document the legal basis, approved source data, responsible owner, filing evidence, and every unresolved condition before signing, funding, or operating. For the general investment-value baseline, calculation unit, exclusions, exceptions, and distinction from paid-up capital, rely on current official outputs and fact-specific Indonesian advice instead of guaranteed provider claims. Learn more about the core Indonesia company registration service before selecting a filing scope.

Key takeaways

Reconcile the deed, OSS plan, bank evidence, accounts, and LKPM reporting before funding.
Choose the entity, KBLI, ownership model, and location before finalizing the deed.
Treat AHU incorporation, OSS licensing, tax readiness, banking, and immigration as separate evidence gates.
Keep investment value and paid-up capital separate from provider fees and recurring operating costs.

Calculate the investment value at the correct KBLI and location unit

The current general PT PMA baseline is total investment of more than IDR 10 billion, excluding land and buildings, for each five-digit KBLI per project location. That is an investment-plan threshold, not a registration fee and not automatically the same as paid-up capital. BKPM Regulation 5 of 2025 contains activity-specific calculation units and exceptions, so the headline must not be multiplied mechanically without reading the relevant rule.

Articles 26 and 27 of BKPM Regulation 5 of 2025 should be applied to the exact KBLI, project, location, sector, land, building, equipment, working capital, and timetable. The same regulation generally sets minimum issued and paid-up capital at IDR 2.5 billion per PT unless another rule requires more and controls its initial use. Reconcile the deed, OSS investment plan, bank remittance, shareholder ledger, asset and expense evidence, accounts, and later LKPM reporting.

Investment calculation

Unit

Five-digit KBLI and project location Apply exact rule

Exclusions

Land and buildings under general baseline Classify accurately

Separate capital

Paid-up equity and use of funds Do not call it a fee

Reconcile investment value, paid-up capital, and cash

Investment value, paid-up capital, and operating cash are separate concepts and should appear as separate lines in the funding plan. Under the current PT PMA baseline, minimum total investment is generally more than IDR 10 billion outside land and buildings per five-digit KBLI per project location, subject to stated sector and activity exceptions. Minimum issued and paid-up capital is IDR 2.5 billion per PT unless another rule requires more.

These current figures and exceptions appear in Articles 26 and 27 of BKPM Regulation 5 of 2025 . The regulation also restricts moving paid-up capital out of the company account for at least 12 months, except for asset purchases, building construction, or company operations. The action is to document the deposit, shareholder entitlement, accounting classification, permitted use, bank trail, and LKPM reconciliation rather than paying capital to an agent as a fee.

Capital reconciliation	Evidence	Control action
Investment plan	OSS value by applicable activity and location	Budget the full project
Paid-up capital	Deed, subscription, deposit, and ownership	Fund and record shareholder equity
Use of funds	Invoices, payroll, assets, and operations	Preserve an auditable company trail

Test the exact KBLI and foreign ownership position

Foreign ownership must be tested against the exact five-digit KBLI, the real activity, and any sector condition. A general statement that foreigners may own an Indonesian company does not answer whether a specific product, service, location, partnership duty, or license is available on the proposed facts. The result should be documented before names and share percentages enter the deed.

The governing investment-field framework is Presidential Regulation 49 of 2021 , which treats commercial activities as open unless closed, reserved for central government, or subject to listed conditions. Cross-check the current OSS activity description and sector regulations, then keep a copy of the KBLI rationale. The practical action is to change the business model or structure before filing if the ownership result is conditional or unclear.

Ownership evidence

Activity

Exact products and services

Action: Match facts to KBLI wording

Restriction

Current investment and sector rule

Action: Record percentage or condition

Implementation

Deed, OSS, and license data

Action: Keep ownership facts consistent

Connect every payment to authority and evidence

Funding should follow approved corporate authority and a documented use-of-funds plan. The remitter, currency, bank narrative, shareholder entitlement, accounting entry, and supporting resolution must agree, especially where deposits may be reviewed by a bank, auditor, tax team, or investment authority. A payment schedule without evidence gates invites misclassification and disputes.

For paid-up capital, follow the holding and permitted-use framework in BKPM Regulation 5 of 2025 and retain the bank trail. For provider payments, require an entity invoice, contract milestone, receipt, and deliverable. Separate equity, shareholder loans, revenue, reimbursements, and service fees in the ledger from the first transfer so later tax, bank, and LKPM records can be reconciled.

Payment control

Authority

Board or shareholder approval Confirm payer and payee

Classification

Equity, loan, fee, or operating payment Use the correct bank narrative

Evidence

Invoice, receipt, statement, and ledger entry Reconcile after every transfer

Test the company before its first commercial transaction

Legal incorporation is only one readiness state. The company may still need verified OSS outputs, sector or supporting permits, tax access, PKP analysis, accounting and invoice controls, payroll arrangements, a bank account, premises evidence, and recurring reporting ownership before it can execute the planned transaction. Each state should be independently evidenced.

Use DGT registration guidance for the tax registration workstream and Government Regulation 28 of 2025 for the licensing baseline. Build a first-transaction test covering authority, contract, invoice, tax, payment, license, delivery, accounting entry, and reporting. Do not let a certificate date become the commercial launch date unless every required control passes.

Readiness gates	Evidence	Control action
Incorporated	Deed and AHU legal-entity approval	Entity legally exists
Licensed and tax-ready	Applicable OSS and tax outputs	Activity can proceed under conditions
Operational	Bank, people, premises, controls, and reporting	First transaction can be executed

Approve the investment plan at the correct KBLI and project-location level

The decision for PT PMA Investment Requirement: Over IDR 10 Billion Explained should be approved only when the company structure, ownership position, documents, governance, capital, address, licensing, tax, banking, and responsible owners are consistent. If one of those facts remains conditional, record it as a pre-filing or pre-operation gate instead of hiding it inside a broad provider promise.

The board or founders should sign a short mandate naming the chosen route, approved source data, budget, payment limits, acceptance evidence, unresolved conditions, and first lawful transaction. That mandate gives the notary and providers clear instructions while preserving investor control over changes. Recheck current official rules immediately before filing because sector, OSS, tax, banking, and immigration requirements can change.

Frequently asked questions

Is IDR 10 billion the amount paid to register a PT PMA?

The general PT PMA investment baseline is more than IDR 10 billion, excluding land and buildings, per five-digit KBLI per project location, subject to specific calculations and exceptions. It is not a registration fee. Confirm the answer against the current official rule and the company's exact deed, AHU, OSS, tax, bank, immigration, and sector facts before acting.

What is the current general PT PMA capital baseline?

BKPM Regulation 5 of 2025 generally sets investment above IDR 10 billion outside land and buildings per five-digit KBLI per project location, with stated exceptions, and paid-up capital of at least IDR 2.5 billion per PT unless another rule requires more.

Can paid-up capital be used by the company?

The current rule restricts moving it out of the company account for at least 12 months, except for asset purchases, building construction, or company operations. Keep invoices, approvals, bank records, and accounting entries for every use.

Does company registration alone allow the business to start operating?

Not always. Legal-entity approval and an NIB are important outputs, but the activity may still require a verified Standard Certificate, a license, supporting PB UMKU, premises evidence, tax activation, or another sector condition. Read the status and obligations attached to the exact KBLI before the first commercial transaction.

Is paid-up capital the same as a registration fee?

No. Paid-up capital belongs to the company as shareholder equity and must be documented and used consistently with current rules. Provider fees, official charges, translations, address costs, and operating expenses are separate. Never transfer a capital amount to an agent merely because an invoice calls it a setup fee.

Official references