Precision-Engineered
Market Entry
Indonesia rewards capital, and punishes the wrong structure. We design the ownership, entity and licensing that let foreign capital enter with certainty, from sector analysis to an operating PT PMA.
- Min. Capital
- IDR 10Bn*
- Timeline
- 4–8 Weeks
- Entity Type
- PT PMA
- Ownership
- Up to 100%
- Framework
- OSS-RBA
* Minimum paid-up capital set by BKPM under Regulation No. 4/2021.
The Complexity
of Entry.
Indonesia's fundamentals reward capital. But policy and governance now carry a premium, and getting the structure, ownership and compliance right is what separates returns from costly mistakes. Four points decide it.
Ownership & Sector Limits
The Positive Investment List caps foreign equity in certain sectors. Misread it, and a structure can be void, or forced into a costly local-partner fix after capital is committed.
Entity Selection
A Representative Office (KPPA) cannot earn revenue; a PT PMA can. The choice fixes your revenue rights, tax exposure and ability to repatriate profit.
Regulatory Volatility
KBLI codes and Positive List rules shift. A single mis-assigned activity code can block licensing and stall an otherwise sound plan.
Continuous Compliance
OSS-RBA (Online Single Submission Risk-Based Approach) requires ongoing LKPM (Investment Activity Report) reporting to keep licences and KITAS live. Entry is the start of an obligation, not the end of one.
The Scope of Engagement.
Legal, financial and governance execution under a single mandate, from the first sector check to an operating, compliant entity. One owner of execution certainty; no gaps between advisers.
One mandate · Six disciplinesOwnership & Control Analysis
A sector audit against the Positive List to maximise permissible foreign equity. Where restricted, compliant JV and local-partner structures (never nominee arrangements).
Entity & Holding Structure
KPPA or PT PMA, and the parent holding above it, including a Singapore or Hong Kong layer where it serves tax efficiency and capital mobility.
KBLI & Licensing Roadmap
Activity codes cross-referenced against the OSS-RBA risk system, then a sequenced path from NIB (Business Identification Number) to every sector licence you need.
Capital Formation & Banking
Authorised and paid-up capital structured to threshold, corporate accounts opened, and Bank Indonesia / FX reporting in place.
KITAS & Work Permits
RPTKA (Foreign Worker Utilisation Plan) approvals and KITAS (Limited-Stay Permit) for directors and key personnel: the people running the entity, authorised from day one.
Corporate Governance Setup
Board, shareholder agreements and governance aligned with Indonesian Company Law (UU PT), built to hold up under diligence.
The Establishment Sequence
A PT PMA (Foreign Investment Company) is the legal vehicle for foreign direct investment, and the foundation of your Indonesia strategy. We run the full sequence as one managed mandate.
Sector & Ownership
Positive List review, KBLI determination and ownership-cap analysis.
Deed of Establishment
Articles of association, notarial deed and AHU (Legal Entity Administration) registration with the Ministry of Law.
OSS & NIB
Business Identification Number issued via the OSS-RBA portal, plus sector licences.
Capital & Banking
Corporate account opened and IDR 10Bn paid-up capital confirmed.
Operational
NPWP (Taxpayer Identification Number) and PKP (Taxable Entrepreneur) registration, final permits and KITAS for directors.
KBLI Classification
KBLI (Indonesia Standard Business Classification) is the registry of permitted business activities. The wrong code blocks licensing or triggers an unintended ownership cap, so we verify every code against the OSS-RBA system before any deed is drafted.
We do not introduce capital. We engineer the structure that makes it succeed.
IDR 10 Billion
Paid-up floor for any PT PMA, all sectors (≈ USD 555k). Set by BKPM (Investment Coordinating Board) under Regulation No. 4/2021.
4–8 Weeks
From deed execution to operational readiness, by sector risk level.
Up to 100%
In sectors open under the Positive List (Perpres 10/2021); caps apply elsewhere.
Built for Serious Entrants.
First-Time Entrants
Corporates and strategics establishing their first operational presence in Indonesia.
Family Offices & Private Capital
Private capital seeking emerging-market exposure through a compliant, well-governed vehicle.
Mid-Market Strategics
Manufacturers and trading houses from Singapore, Japan, Korea and the Gulf needing PMA and JV structuring.
Risk Reduced.
Certainty Gained.
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Capital-Efficient Entry
A compliant structure that avoids wasted capital and costly unwinding.
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Clean Ownership Architecture
A shareholding design that holds up to scrutiny and supports future capital moves.
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Regulatory Risk Resolved
Sector and licensing risk mapped and cleared before capital is committed.
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Faster Operational Readiness
A clear path from incorporation to trading, with compliance handed over cleanly.
Expert
Inquiry
Addressing the specific nuances of PT PMA establishment and foreign direct investment in Indonesia.
In many sectors, yes. Under the Positive Investment List (Perpres 10/2021), a wide range of activities now permit 100% foreign ownership. Strategic and restricted sectors remain subject to caps, and a minimum paid-up capital of IDR 10 billion (set by BKPM under Regulation No. 4/2021) applies to every PT PMA. Sector analysis is the first step of any mandate.
A Representative Office (KPPA) may conduct market research and liaison activities but cannot generate revenue. A PT PMA is a fully operational legal entity that can transact, hire staff directly and repatriate profit. Most serious FDI mandates require a PT PMA.
Restrictions remain in areas such as certain defence, media, land transport and agricultural activities. Financial services (banking and insurance) are governed separately by OJK (Financial Services Authority). We conduct a full sector analysis as the first step of every mandate, before any structure is proposed.
We strictly adhere to FCPA and UK Bribery Act standards across every interaction with regulatory bodies. All engagements are documented, with written sign-off at each licensing stage and a zero-tolerance position on facilitation payments. Compliance is a structural requirement, not an afterthought.
Read Before You Enter.
How to Set Up a PT PMA in Indonesia
Ownership, minimum capital, the OSS licensing process and a realistic timeline: the definitive establishment guide.
7 Mistakes Foreign Investors Make Entering Indonesia
The recurring, avoidable errors that derail foreign entries, and how to avoid each before committing capital.
Why Invest in Indonesia in 2026
The data-backed case for Indonesia (scale, growth, demographics), with honest risk framing for foreign capital.
Structure
Your Entry.
Jurisdiction selection, ownership structure and regulatory sequencing: discuss your mandate with a principal before committing capital.