KITAS-READY PT PMA STRUCTURE
PT PMA Structure for Investor KITAS Planning Guide
A decision-led briefing on ownership, individual share evidence, governance role, capital, sponsor control, and permitted conduct, for foreign investors who need evidence they can verify before acting in Indonesia.
A PT PMA should not be engineered only to obtain an investor KITAS. The ownership must be lawful for the KBLI, subscriptions must be genuine, the applicant's shares must meet the current immigration route, board roles must reflect real authority, capital must support the business, and the sponsor account must remain under company control. Actual conduct in Indonesia must stay within the permission granted. The safe sequence is to confirm the exact facts, identify the authority or institution that decides each stage, collect evidence in the form that recipient accepts, and assign corrections before money or authority moves. Founders should preserve the source data, official output, access credentials, payment trail, and change history so the company can demonstrate the basis for its decision later.
Key takeaways
- A PT PMA should not be engineered only to obtain an investor KITAS.
- Build the KITAS structure from current official requirements and recipient-accepted evidence.
- Treat the KITAS structure as incomplete until its corporate, regulatory, payment, and operating records agree.
- Keep official outputs, source data, payments, credentials, and unresolved conditions under company control.
Answer the ownership question at the exact activity level
Foreigners may own shares in an Indonesian PT PMA, and many commercial activities are open to full foreign ownership. That is a starting proposition, not a universal percentage. The decisive review identifies the actual products and services, maps them to the correct five-digit KBLI, and checks the current investment list plus any sector-specific condition. A different activity inside the same group can produce a different ownership result. For the KITAS structure, the immediate acceptance point is to avoid a broad label against the documented exact revenue-producing work and KBLI.
Document the conclusion from Presidential Regulation 49 of 2021 and the live licensing facts before the deed is signed. Then reconcile the shareholder percentages with the deed, AHU record, OSS projects, UBO report, bank KYC file, and any sector approval. If a condition applies, change the ownership, scope, joint-venture design, or entry vehicle lawfully; a provider assurance or nominee contract does not override the rule. Within the KITAS structure file, the responsible officer should preserve investment list and sector conditions as evidence for the decision to record the legal basis.
Foreign ownership decision
Activity. Exact revenue-producing work and KBLI; avoid a broad label.
Rule. Investment list and sector conditions; record the legal basis.
Implementation. Deed, OSS, UBO, and license; keep one ownership story.
Validate the evidence before the next commitment
Convert the open questions into a dated review file with named owners, accepted evidence, and a clear stop condition.
Apply the ordinary PT shareholder floor to the PT PMA
A conventional Indonesian limited liability company, including the ordinary PT PMA used for foreign investment, should be established and maintained with at least two shareholders unless a specific statutory exception applies. The single-person company framework is designed for a company meeting micro or small business criteria; it should not be assumed to override the PT PMA regime, which is treated as a large-business investment vehicle under current investment rules. For the KITAS structure, the immediate acceptance point is to do not misapply to PT PMA against the documented qualifying micro or small single-person company.
Read the company framework together with Government Regulation 8 of 2021 and BKPM Regulation 5 of 2025 . Two shareholders do not need equal stakes, but each subscription must be genuine, recorded, funded, and included in UBO and bank analysis. Plan death, dissolution, merger, transfer, default, and a temporary concentration of shares before it occurs; obtain notarial advice promptly instead of leaving an unlawful or unstable cap table unresolved. Within the KITAS structure file, the responsible officer should preserve transfers, succession, and shareholder exit as evidence for the decision to protect the minimum.
Shareholder control
| Control | Evidence | Decision |
|---|---|---|
| Formation | At least two genuine shareholders for ordinary PT PMA | Record real subscriptions |
| Exception | Qualifying micro or small single-person company | Do not misapply to PT PMA |
| Continuity | Transfers, succession, and shareholder exit | Protect the minimum |
Complete the corporate baseline for the visa route
The corporate baseline for an investor visa package should be established before immigration filing. The deed, AHU approval, shareholder register, beneficial-owner data, OSS record, sponsor account, and applicant role must support the same ownership and governance story. A pending or inaccurate amendment can affect the immigration evidence. For the KITAS structure, the immediate acceptance point is to keep conduct within permission against the documented board or investor activity.
Review the company-law framework in the Indonesian Company Law , the current investment and capital requirements in BKPM Regulation 5 of 2025 , and the applicable immigration product page. Keep corporate capital, individual share ownership, investment commitments, and visa thresholds distinct. If the applicant also performs work beyond the investor or board activities permitted by the visa, obtain specific immigration advice. Within the KITAS structure file, the responsible officer should preserve deed and shareholder register as evidence for the decision to match applicant and share value.
Corporate prerequisites
Ownership
Deed and shareholder register
Match applicant and share valueSponsor
Approved company and immigration account
Confirm authorized filingRole
Board or investor activity
Keep conduct within permissionResolve the decision gaps before filing
Reconcile the corporate, regulatory, payment, and operating facts before they become amendments or rejected submissions.
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. For the KITAS structure, the immediate acceptance point is to apply exact rule against the documented five-digit KBLI and project location.
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. Within the KITAS structure file, the responsible officer should preserve land and buildings under general baseline as evidence for the decision to classify accurately.
A founder appointed to the board should compare the intended conduct with the director KITAS route after incorporation before signing employment or relocation terms.
Match the investor's shares and role to the current E28A route
The current E28A investor visa page describes a one- or two-year stay route sponsored by the Indonesian company and requires evidence of at least IDR 10 billion in shares in the sponsor company. It also warns that an applicant holding less than that amount who serves as a director or commissioner should use the working visa route appropriate to the position. The deed, AHU record, shareholder register, sponsor data, and actual conduct therefore need to tell the same story. For the KITAS structure, the immediate acceptance point is to use the correct permission against the documented investor activity versus operational work.
Eligibility should be checked immediately before application because immigration classifications, evidence, fees, and system fields can change. Distinguish the PT PMA's total investment plan and paid-up capital from the individual applicant's shareholding evidence. Confirm the legal owner, nominal value, currency treatment, capital status, corporate role, sponsor authority, permitted investor activities, and whether the person will also perform operational work that needs a different permission. Within the KITAS structure file, the responsible officer should preserve eligible PT PMA and controlled account as evidence for the decision to file from consistent data.
E28A eligibility
Shares. At least IDR 10 billion in sponsor-company shares; match current corporate records.
Role. Investor activity versus operational work; use the correct permission.
Sponsor. Eligible PT PMA and controlled account; file from consistent data.
Choose the ownership and role for business reasons that also survive immigration review
The approval decision for the KITAS structure should name the selected route, responsible company officer, accepted source data, supporting documents, official outputs, payment limits, unresolved conditions, and the event that permits the next commitment. For ownership, individual share evidence, governance role, capital, sponsor control, and permitted conduct, a conditional result should remain a visible gate rather than being absorbed into a broad statement that setup is complete.
The founders or board should sign a short KITAS structure mandate that records the current facts, authority, required corrections, evidence location, system and credential owners, review date, and first transaction that the company intends to perform. The working file should connect legal identity, ownership, governance, activity, capital, premises, licensing, tax, banking, immigration, and real conduct wherever those facts are relevant. Recheck current official and institution-specific requirements immediately before filing, funding, signing, employing, or operating.
Put the approved route under company control
Record the decision, authority, documents, access, payment limits, and follow-up calendar in one owner-approved mandate.
Frequently asked questions
Should shares be assigned only to reach a visa threshold?
Share ownership should be commercially genuine, properly funded, recorded, and supported by governance and beneficial-owner evidence; a temporary or artificial allocation can fail multiple reviews.
Does PT PMA ownership automatically produce an investor KITAS?
No. The applicant, shares, sponsor, role, documents, payment, and intended activities must meet the current immigration route and remain subject to Immigration's decision.
Can provider processing time be treated as an approval guarantee?
No. Separate document preparation, official submission, payment, authority review, corrections, travel, entry, and later stay-permit administration.
Who should own the sponsor account?
The PT PMA should control the registered contacts, credentials, recovery methods, submissions, receipts, and change history through an authorized officer.
When should eligibility be rechecked?
Recheck before application, renewal, passport or address change, share or board amendment, sponsor change, material activity change, and exit or conversion.
