INVESTMENT CALCULATION

PT PMA Investment Value by KBLI and Project Location

A decision-led brief on the general five-digit KBLI and project-location calculation rule plus current sector exceptions, built for foreign investors who need a controlled path from filing to lawful operations.

By Elara Vance Updated August 3, 2026 5-minute read

The general PT PMA investment baseline is more than IDR 10 billion outside land and buildings per five-digit KBLI per project location. Wholesale, food and beverage, construction, production lines, property, accommodation, and special zones can use different stated calculation rules. The conclusion must be matched to the exact KBLI, ownership, location, risk level, product or service, funding, and first transaction rather than applied as a general slogan. Document the official basis, approved source data, responsible owner, acceptance evidence, and unresolved conditions before signing, depositing capital, ordering assets, or operating. For the general five-digit KBLI and project-location calculation rule plus current sector exceptions, use 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.

Apply the correct KBLI and project-location calculation unit

The general PT PMA investment rule is more than IDR 10 billion, excluding land and buildings, for each five-digit KBLI per project location. That general unit has express exceptions. Wholesale trade is calculated by the first four KBLI digits; food and beverage services by the first two KBLI digits per location point, with the location point applied per regency or city; construction by the first four KBLI digits; and one production line may aggregate multiple industrial products under the stated conditions.

These calculation rules and property treatment appear in Article 26 of BKPM Regulation 5 of 2025 . Build a matrix of exact KBLI, activity, project address, calculation unit, land and building treatment, sector exception, assets, working capital, and timing before entering OSS. Property and accommodation rules can include land and buildings in circumstances stated by the regulation, so a generic spreadsheet may be wrong. Keep the calculation with board approval and later reconcile actual realization in accounting and LKPM reports.

Calculation matrix

General

Five-digit KBLI per project location

Action: More than IDR 10 billion outside land and buildings

Express exceptions

Wholesale, food and beverage, construction, and production lines

Action: Apply stated aggregation unit

Special assets

Property, accommodation, land, and buildings

Action: Read exact inclusion rule

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

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	Evidence	Control action
Activity	Exact products and services	Match facts to KBLI wording
Restriction	Current investment and sector rule	Record percentage or condition
Implementation	Deed, OSS, and license data	Keep ownership facts consistent

Read the NIB, risk level, and operating conditions together

An NIB is a business identity and, for low-risk activity, the business license; it is not a universal authorization for every KBLI. Medium-low risk generally adds an unverified Standard Certificate, medium-high risk requires a verified Standard Certificate, and high risk requires an NIB plus a license. The actual output follows the activity, scale, location, and current sector rules.

This risk structure is set out in BKPM Regulation 5 of 2025 and the governing Government Regulation 28 of 2025 . Read the OSS output for verification status, prerequisites, obligations, and supporting PB UMKU rather than stopping at the NIB. If the premises, environmental approval, professional credential, or sector permission remains incomplete, do not treat the company as commercially ready.

OSS license status

Low risk

NIB

Action: Verify obligations attached to the activity

Medium risk

NIB plus Standard Certificate

Action: Check whether verification is required and complete

High risk

NIB plus license

Action: Do not operate before required approval

Separate formation fees from activation and maintenance costs

A registration budget should separate official charges, professional fees, third-party expenses, capital, launch costs, and recurring compliance. No universal provider price covers every foreign shareholder type, document country, KBLI, location, risk level, premises, bank, or visa requirement. A useful budget states the assumption behind every figure and identifies whether taxes are included.

Do not describe the PT PMA investment plan or paid-up capital as a registration fee; the current capital framework is in BKPM Regulation 5 of 2025 . Ask for a cost owner, invoice issuer, payment date, refund rule, and acceptance evidence for notarial work, government charges, translation, legalization, address, sector approvals, tax, accounting, bank support, immigration, and post-registration reporting. Keep contingency for corrections and institution-specific requests.

Cost architecture

Formation

Notarial, filing, translation, and document costs Confirm inclusions and taxes

Activation

Address, license, tax, bank, and operational work Fund after legal approval

Maintenance

Accounting, tax, LKPM, corporate, and license work Approve a recurring calendar

Calculate investment value with the exact regulatory unit before entering OSS

The decision for PT PMA Investment Value by KBLI and Project Location 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

Does every five-digit KBLI always require a separate IDR 10 billion plan?

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