Complete Guide to Setting Up PT PMA in Bali (2026 Update): Requirements and Process

Setting up a PT PMA in Bali in 2026 requires more than registering a foreign-owned company. Before incorporation, investors should confirm who will own the company, what the company will actually do, which KBLI 2025 activities apply, whether those activities fit the foreign-investment structure, how the investment and capital rules apply, and what OSS licensing must be completed before operations begin.

For this Complete Guide to Setting Up PT PMA in Bali: Requirements, Process & Structure (2026), use six layers: Structure → Activity → Capital → Company → OSS → Operation.

Layer	Core question
Structure	Who will own and manage the company?
Activity	What will the company actually do, and which KBLI 2025 applies?
Capital	What investment value and paid-up capital rules apply?
Company	Do the deed and AHU data match the intended business?
OSS	What NIB and risk-based licensing output applies?
Operation	Are all required licensing conditions ready before launch?

If one of these layers remains materially unclear, resolve it before treating the PT PMA setup as complete.

What Is a PT PMA?

A PT PMA is an Indonesian limited liability company with foreign investment or foreign shareholding.

The Ministry of Law's AHU Limited Liability Company FAQ states that establishing a PT involves preparing the company name, domicile, purposes and objectives, capital structure and management, followed by establishment through a notary.

The same AHU guidance states that where a foreign individual or foreign legal entity becomes a shareholder of a PT, the company becomes a foreign investment company, or PT PMA.

That does not mean every business activity automatically allows the same foreign ownership structure. Foreign investors should confirm the current eligibility and conditions for the intended activity before locking the shareholding arrangement.

If you are still deciding between domestic and foreign-investment structures, Bali Legal ID's PT PMA vs PT PMDN comparison is the more focused decision guide.

PT PMA Structure: What Must Be Decided First?

A PT PMA setup should start with the proposed business model, not with a generic incorporation form.

Before preparing the deed, establish:

Intended shareholders and whether any shareholder is foreign
Proposed management structure
Actual products or services the company will provide
Business location or project locations
KBLI activities needed for those operations
Investment plan for each relevant activity and location
Whether the activity has sector-specific foreign-investment or licensing conditions

The company deed, AHU record and OSS profile should ultimately describe the same business.

Choose the KBLI 2025 Before Finalizing the Company

KBLI selection is one of the most consequential setup decisions because it connects the company's stated activities with Indonesia's licensing system.

AHU states that a PT's business fields must refer to KBLI, so activity selection should be resolved before the corporate purposes and OSS profile are treated as final.

The current classification is KBLI 2025, established by BPS Regulation No. 7 of 2025, which the BPS legal database currently lists as in force.

Current OSS KBLI 2025 guidance states that new applications, changes, expansions, updates and extensions use KBLI 2025 as the principal classification reference.

Before selecting a code, ask:

Does the KBLI description match the actual revenue-generating activity?
Will the company conduct one activity or several?
Is the activity compatible with the intended foreign ownership structure?
What risk classification and licensing output does OSS produce?
Does the activity have location, building, sector or supporting-license dependencies?

Do not select a KBLI solely because another Bali company uses it or because it appeared in an older guide.

PT PMA Investment Value and Paid-Up Capital in 2026

Two different concepts should be kept separate: total investment value and placed or paid-up capital. They are also separate from professional fees or other setup costs.

Under Article 26 of the current Ministerial Regulation No. 5 of 2025, PMA business entities are categorized as large businesses and are subject to minimum investment-value requirements unless another regulation provides otherwise.

The General IDR 10 Billion Investment Rule

As a general rule, Article 26 of Ministerial Regulation No. 5 of 2025 sets total PMA investment at more than IDR 10 billion, excluding land and buildings, per five-digit KBLI business field per project location, but the same article creates important sector-specific calculation exceptions.

For example, the regulation provides different calculation treatment for wholesale trade, food and beverage services, construction and certain industrial activities. Investors should therefore calculate the requirement from the actual KBLI and project structure rather than multiplying a generic number mechanically.

Why Bali Property and Accommodation Businesses Need Extra Care

This distinction matters in Bali because the same regulation states that for specified activities including property development or operation and short- or long-term accommodation, the investment-value criterion includes land and buildings.

That means a statement such as 'PT PMA investment always excludes land and buildings' is not accurate for every Bali business.

If the project concerns a villa, hotel, accommodation business or property operation, the relevant KBLI and Article 26 treatment should be reviewed before finalizing the investment plan.

Minimum Paid-Up Capital

The same Ministerial Regulation No. 5 of 2025 sets minimum placed or paid-up capital for PMA at IDR 2.5 billion per limited liability company, unless another regulation provides otherwise.

Article 27 of the same regulation provides that this placed or paid-up capital cannot be moved from the company's account for at least 12 months, except for asset purchases, building construction and business operations.

The practical distinction is therefore:

Item	What it represents
Investment value	Planned investment in the relevant PMA activity under Article 26
Paid-up capital	Capital placed or paid into the PT under the PMA capital rule
Setup cost	Professional, notarial, administrative or licensing costs, which are separate commercial expenses

For deeper discussion of commercial setup costs, use Bali Legal ID's separate PT PMA Setup Cost Bali guide rather than treating capital as a service fee.

PT PMA Setup Process in Bali

The setup process is easier to understand when incorporation and licensing are treated as connected but different stages.

Step 1: Confirm Ownership and Business Activity

Before incorporation, confirm:

Proposed foreign and Indonesian shareholders, if any
The real operating activities
Current KBLI 2025 classifications
Foreign-investment eligibility for those activities
Project location
Investment plan and capital structure

Do not finalize the deed while the intended activity or ownership structure is still uncertain.

Step 2: Prepare and Establish the PT Through AHU

The Ministry of Law's AHU guidance identifies the company name, domicile, purposes and objectives, capital structure and management as core establishment inputs and states that PT establishment proceeds through a notary.

The corporate documents should therefore reflect the ownership structure and business activities already decided in Step 1.

For readers who want a narrower registration walkthrough, Bali Legal ID's PT PMA Registration Bali guide should remain the detailed supporting resource rather than duplicating every registration step here.

Step 3: Register the Business Through OSS

Legal-entity establishment is not the same as completing business licensing.

The OSS portal describes the NIB as the official identity for starting or running a business and states that its risk-based licensing system uses four risk levels to determine permits and business obligations.

Indonesia's current national risk-based business licensing framework is Government Regulation No. 28 of 2025, which BKPM's legal database currently lists as in force.

The PT PMA's company data, KBLI, location and project information are used in this licensing layer.

For a deeper explanation of the system itself, see Bali Legal ID's OSS RBA Registration Bali guide.

Step 4: Complete Activity-Specific Licensing

Receiving an NIB does not automatically mean every activity is ready to operate.

The OSS risk classification determines whether additional licensing obligations apply. Depending on the business, these can involve standards, approvals, permits or other requirements that must be completed under the current regulatory framework.

The correct question is not simply 'Has the NIB been issued?' but:

Does the current OSS profile show that every material requirement for the intended activity has been completed?

If the planned structure, activities and licensing path have been checked, Bali Legal ID's verified PT PMA Setup service is the transactional next step for company-establishment support.

What Should Be Ready Before You Incorporate?

Use this pre-incorporation decision matrix:

Area	Ready to proceed when	Stop and review when
Shareholding	Intended owners are clear	Ownership is temporary or still expected to change materially
Activity	Actual commercial activities are defined	The company purpose is still generic or uncertain
KBLI	Current KBLI 2025 matches the activity	Code is being copied from an old NIB or competitor
Foreign investment	Activity has been checked for the proposed PMA structure	Foreign ownership eligibility is assumed without review
Investment	Article 26 treatment is understood for the activity and location	IDR 10 billion is being applied mechanically without checking exceptions
Paid-up capital	The capital obligation is distinguished from setup fees	Capital is being treated as a government or consultant fee
Location	Project location is identified and licensing dependencies can be checked	A major location commitment is being made before activity compatibility is known
OSS	Expected licensing path is understood	NIB is being assumed to be the only required approval

The goal is not to guarantee approval. It is to prevent the company deed, investment plan and OSS profile from being built on different assumptions.

What Happens After the PT PMA Is Established?

PT PMA setup does not end when the legal entity and NIB exist. The company must continue to keep its corporate, licensing, investment, accounting and tax position aligned with its actual operations.

If activities, ownership, locations or corporate purposes later change, Bali Legal ID's guide to updating AHU and OSS explains why corporate amendments and OSS changes should be treated as coordinated but distinct workstreams.

For post-registration obligations, the separate PT PMA Compliance Bali guide covers the broader compliance stage, while the LKPM Reporting PT PMA Bali guide addresses investment-reporting questions in more detail.

This pillar intentionally does not reproduce their deadlines or detailed procedures because those topics require their own current-source review.

Conclusion

A PT PMA in Bali should be structured from the business model outward, not from the incorporation form inward.

First confirm ownership and activity, map the business to KBLI 2025, determine how the current investment-value and paid-up-capital rules apply, establish the company through the corporate process, and then complete the OSS risk-based licensing required for the actual activity and project.

The IDR 10 billion rule should not be applied as a universal one-line formula, particularly for Bali property and accommodation businesses, and an NIB should not be treated as proof that every operational licensing requirement is complete.

The practical rule is: define the real business first, then make the shareholders, corporate purposes, investment plan, KBLI and licensing profile describe that same business.

Review the PT PMA Structure Before Incorporation

If you are preparing a PT PMA in Bali, gather the intended shareholders, business activities, KBLI options, project location and investment plan before finalizing the company deed or OSS filing.

Discuss the setup with Bali Legal ID to identify whether the next step should involve PT PMA Setup, KBLI and ownership review, NIB OSS RBA Registration or another relevant licensing workstream.

FAQ

What is the minimum paid-up capital for a PT PMA in 2026?

Ministerial Regulation No. 5 of 2025 sets minimum placed or paid-up capital for PMA at IDR 2.5 billion per limited liability company unless another regulation provides otherwise. This is separate from the total investment-value requirement.

Is the PT PMA investment requirement always IDR 10 billion excluding land and buildings?

No. The general rule is more than IDR 10 billion excluding land and buildings per five-digit KBLI per project location, but Article 26 contains sector-specific calculation exceptions. For specified property and short- or long-term accommodation activities, the investment-value criterion includes land and buildings.

Which KBLI version applies to a new PT PMA in 2026?

Current OSS guidance uses KBLI 2025 as the principal classification reference, following BPS Regulation No. 7 of 2025.

Does every foreign investor automatically qualify for 100% ownership of a PT PMA?

No universal ownership percentage should be assumed. Eligibility depends on the actual business activity and current investment rules, so the intended KBLI and ownership structure should be checked before incorporation.

Does obtaining an NIB mean the PT PMA can immediately operate every registered activity?

Not necessarily. OSS uses risk-based licensing, and additional standards, approvals, permits or obligations can apply depending on the activity and risk classification.

Should I choose the KBLI before preparing the company deed?

Yes, as a practical setup sequence. AHU states that PT business fields must refer to KBLI, and the current OSS system uses KBLI 2025. Reviewing the intended activities before finalizing corporate purposes reduces the risk of mismatched company and licensing records.

How long does it take to establish a PT PMA in Bali?

There is no single reliable timeline for every PT PMA. Timing depends on document readiness, ownership and activity structure, notarial and AHU processing, OSS data, risk classification, location dependencies and any additional licensing required for the sector.