**A PT PMA in Indonesia carries two separate capital numbers, and confusing them costs investors real money. As of June 2026, the rules are: a planned total investment of more than IDR 10 billion per business activity (excluding land and buildings), but a minimum paid-up capital of only IDR 2.5 billion per company since BKPM Regulation 5/2025 cut it from IDR 10 billion.**
Most “minimum capital PT PMA Indonesia” searches return a single scary figure: ten billion rupiah, roughly USD 615,000 at June 2026 rates. That number is real, but it is widely misunderstood. It is a commitment, not cash you hand over on day one. The number you actually wire into a frozen company account is far smaller. Getting this distinction right is the difference between a budget that works and one that stalls your incorporation for months.
These figures are date-stamped to June 2026 and subject to change. Bali Premium Trip operates this guide as an independent concierge, not a licensed legal or tax adviser. Treat what follows as a map, then confirm the live numbers with a notary, a tax consultant, and BKPM before you commit funds.
What is the difference between investment plan and paid-up capital?
These are the two numbers everyone trips over. They sound similar. They are not.
The total investment plan (rencana investasi) is your declared commitment to invest in the business over time. Since BKPM Regulation 4/2021 and carried forward into BKPM Regulation 5/2025, this must exceed IDR 10 billion per five-digit KBLI code, per project location, excluding the value of land and buildings. It is a plan you state during incorporation and then progressively realize and report. Nobody checks that ten billion sits in a bank account on day one.
The paid-up capital (modal disetor) is money actually placed into the company. This is where 2025 changed everything. BKPM Regulation 5/2025, issued in October 2025, slashed the minimum paid-up capital from IDR 10 billion to IDR 2.5 billion per company — a 75 percent reduction. That paid-up amount is what your notary needs to see evidenced before issuing the deed of establishment.
| Figure | Amount (June 2026) | What it is | Who polices it |
|---|---|---|---|
| Total investment plan | More than IDR 10 billion per KBLI, per location (ex land/building) | A commitment realized over time | BKPM, via LKPM reports |
| Minimum paid-up capital | IDR 2.5 billion per company | Cash actually placed in the company | Notary at incorporation; BKPM |
| Investor KITAS threshold | IDR 10 billion in individual shares | Immigration share-ownership rule | Directorate General of Immigration |
The third row matters and is easy to miss. The paid-up capital cut did not touch the Investor KITAS. If a foreign shareholder wants the investor stay permit, the immigration rule still references IDR 10 billion in individual share ownership. That sits with immigration, governed separately, and the BKPM reform left it untouched. So a founder who wants to live in Bali on an Investor KITAS may still be looking at the larger number for personal share ownership, even though the company itself only needs IDR 2.5 billion paid up.
How much do you actually need to wire on day one?
For most standard PT PMA structures as of June 2026, the practical minimum to capitalize the company is IDR 2.5 billion, around USD 154,000 at current rates. That is the figure your notary documents and the figure that anchors your bank deposit.
But there are conditions attached, and one of them surprises people.
- The 12-month lock-up. Under BKPM Reg 5/2025, paid-up capital cannot leave the company’s bank account for at least 12 months from the date it is placed. The carve-outs: buying assets, constructing buildings, and verified operational costs. So the IDR 2.5 billion is not dead money — it funds your actual business — but it cannot simply be transferred back out to the shareholder.
- Sectoral overrides. The IDR 2.5 billion floor applies “unless a sectoral rule requires more.” Some regulated sectors set higher capital requirements. Always check your specific KBLI before assuming the baseline.
- Per-KBLI investment plans stack. The IDR 10 billion investment plan applies to each five-digit KBLI code, per project location. Two unrelated business activities mean two plans — so a company with two distinct KBLI codes must plan for at least IDR 20 billion in total investment, not ten.
That last point catches founders who want one tidy PT PMA covering several activities. Each activity you bolt on can add another ten-billion line to your declared plan.
Which businesses are exempt from the IDR 10 billion plan?
Not every PT PMA has to clear the full ten-billion-per-KBLI bar. BKPM Regulation 5/2025 keeps several exemptions where the IDR 10 billion investment-plan requirement is relaxed or treated differently:
- Wholesale trade
- Food and beverage (F&B) businesses
- Construction services
- Certain industries producing multiple products on a single production line
For these categories, the per-KBLI calculation works differently, which can materially lower the planned-investment figure. This is exactly the kind of nuance where a local consultant earns their fee — the exemption language is specific, and whether your exact activity qualifies is a question for a professional reviewing your KBLI selection, not a blog.
What is the LKPM and why does it matter?
The investment plan is not a one-time declaration you file and forget. Every PT PMA must submit a quarterly LKPM (Laporan Kegiatan Penanaman Modal, or Investment Activity Report) to BKPM. The LKPM documents how your declared investment is being realized over time — what you have actually spent, hired, and built against the plan you stated.
This is the mechanism that makes the IDR 10 billion figure meaningful. You are not asked to prove ten billion on incorporation day; you are asked to show, quarter by quarter, that your business is moving toward the commitment. Skipping LKPM filings is one of the most common ways otherwise-healthy PT PMAs run into trouble with BKPM, so build the reporting cadence into your operating calendar from the first quarter.
A realistic capital checklist before you incorporate
Here is a grounded sequence to sanity-check your numbers before money moves. None of this replaces professional advice — it is a way to arrive at your consultant’s office already informed.
- Confirm your KBLI codes. Decide exactly which five-digit business activities the PT PMA will hold. Each one carries its own IDR 10 billion plan unless an exemption applies.
- Count your project locations. The plan is per KBLI per location. More locations can multiply the commitment.
- Check for sectoral capital overrides. Your activity may demand more than the IDR 2.5 billion paid-up baseline.
- Plan for the 12-month lock-up. Treat the IDR 2.5 billion as working capital that funds operations, assets, or construction — not as funds you can recall within the first year.
- Decide on the Investor KITAS separately. If a shareholder wants the investor stay permit, factor in the immigration share-ownership threshold, which still references IDR 10 billion and is independent of the BKPM cut.
- Build LKPM reporting into your routine. Quarterly, from the start.
The honest bottom line
The headline IDR 10 billion has not vanished — it lives on as the per-KBLI investment plan and as the Investor KITAS share-ownership rule. What changed in October 2025 is the cash floor: paid-up capital dropped to IDR 2.5 billion per company, with a 12-month lock-up that keeps that money working inside the business. For many foreign investors eyeing a Bali property, business, or hospitality venture, this reform lowered the genuine entry cost considerably.
That said, every figure here could move again, and your specific activity, sector, location, and visa goal change the math. Bali Premium Trip can help you frame the questions and connect you with the notary, tax, and licensing professionals who confirm the live numbers — but the final decisions rest with you and with the Indonesian authorities. Reach the concierge desk on WhatsApp at 6281128590000 or sales@balipremiumtrip.com if you want a steer on who to talk to next.
Sources consulted (June 2026): BKPM Regulation No. 5 of 2025; summaries from Cekindo, Business Hub Asia, TraceWorthy, AO Shearman, and Herbert Smith Freehills Kramer. Verify all thresholds directly with BKPM and a licensed adviser before acting.