Indonesia's investment landscape has never been more accessible for foreign entrepreneurs. With Bali's booming economy, growing expat community, and world class tourism industry, the opportunity is real. But doing business the right way requires understanding the legal framework and staying updated, because the regulations changed significantly in late 2025.
This guide gives you everything you need to know about setting up a PT PMA in Bali, with fully verified and up-to-date information.
What Is a PT PMA ?
A PT PMA (Perseroan Terbatas Penanaman Modal Asing) is Indonesia's foreign owned limited liability company. It is the only legal structure that allows foreign individuals or corporations to hold shares directly and operate commercially in the Indonesian market. Without a PT PMA, foreign parties cannot generate revenue, hold equity, or obtain operating licenses in Indonesia.
In simple terms, if you are a foreigner and you want to run a legally recognized, revenue generating business in Bali, a PT PMA is not optional. It is mandatory.
What Changed in 2025 ? The Key Update You Must Know
Many articles online still cite outdated figures. Here is the critical update :
On October 2nd, 2025, the Ministry of Investment officially enacted BKPM Regulation No. 5 of 2025 on the Guidelines and Procedures for Risk-Based Business Licensing and Investment Facilities. One of the key changes under this regulation is the reduction of the minimum paid-up capital requirement for PT PMA from IDR 10 billion to IDR 2.5 billion (~USD 150,000).
However, there is an important distinction between two figures that are often confused :
- Paid-up Capital (Modal Disetor) → IDR 2.5 billion per company.
- Total Investment Value (Nilai Investasi) → more than IDR 10 billion per KBLI per project location, excluding land and buildings.
Even if you meet the paid-up capital requirement, you must still fulfil the minimum investment value for your business lines.
There is one more critical condition : a brand new provision requires that the paid-up capital deposited into the company's bank account cannot be withdrawn for 12 months, unless used strictly for operational or capital expenditure needs.
Who Can Set Up a PT PMA ?
A PT PMA requires a minimum of two shareholders to be legally established. These shareholders can be foreign individuals, foreign corporate entities, or a combination of both. Once any foreign party holds shares, the company is automatically classified as a PMA and falls under BKPM supervision.
Additionally, a PT PMA must have at least one resident director and one commissioner as per Indonesian company law. The required resident director can be an Indonesian citizen or a foreigner holding the appropriate work and stay permits (KITAS).
What Business Activities Are Allowed ? The Positive Investment List
Before setting up your PT PMA, you must check the Positive Investment List to confirm your business is eligible.
As per Presidential Regulation No. 10 of 2021, amended by Presidential Regulation No. 49 of 2021, over 200 business sectors in Indonesia are now fully open to foreign investment. Your business activities must be matched to a specific KBLI code (Indonesia's Standard Industrial Classification). This step dictates which licenses you will need to acquire later in the process and determines your risk level in the OSS system.
Ready to Set Up Your PT PMA in Bali ? Let Bali Lex Visa Handle Everything.
Setting up a PT PMA involves multiple government agencies, strict documentation requirements, and regulations that change regularly. One wrong move, a mismatched KBLI code, an incorrect capital declaration, or a missed OSS deadline, can cost you weeks and significant money.
That's exactly why Bali Lex Visa exists.
We are a legally registered Indonesian company based in Ungasan, South Kuta, Bali. Specializing in corporate establishment, visa services, management consulting, and lifestyle support. We don't just file your paperwork. We guide you through every single step with precision, transparency, and real-time tracking of your application.
What Bali Lex Visa Does for Your PT PMA :
✅ KBLI Selection
We identify the exact business codes that match your activities and protect your future revenue streams
✅ Full OSS Registration
From name reservation to NIB issuance, we manage the entire OSS-RBA process on your behalf
✅ Notarial Deed & Ministry of Law Approval
We coordinate with licensed notaries and handle all Ministry submissions
✅ Corporate Bank Account Setup
We assist you in opening your Indonesian corporate bank account and managing the capital injection compliance
✅ Real-Time Application Tracking
Our proprietary digital platform gives you full transparency on every stage of your application, 24/7
Get a Free Consultation
Whether you are just exploring your options or ready to start tomorrow, our team is ready to answer every question you have,
email : support@balilexvisa.com
Whatsapp : +62 857 7789 5305
Telegram : @balilexvisa
www.balilexvisa.com
Don't let paperwork slow down your Bali dream. Let Bali Lex Visa make it happen, Legally, efficiently, and the right way.
