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Why Minimum Capital & Investment Matter for PT PMA

PT PMA Minimum Capital Investment

Setting up a PT PMA in Indonesia is not only about incorporation. The investment plan and capital structure are crucial, as they influence whether the Online Single Submission Risk-Based Approach system (OSS RBA) approves the initial filings, the licenses the company can obtain, and the speed at which the business can operate. Misunderstanding the rules, such as the “IDR 10 billion per Indonesia Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia/KBLI)” principle, is one of the most common reasons for queries, delays, or outright rejections.

Putranto Alliance helps foreign investors design a compliant capital plan from day one, aligning it with the correct KBLI and meeting sector-specific thresholds, ensuring your approvals proceed smoothly without costly rework.

Capital VS Investment

  1. Minimum total investment: Indonesia expects at least IDR 10,000,000,000 (IDR 10 billion) per business classification (KBLI) for PT PMA projects. It generally excludes land and buildings. This is an investment plan benchmark and is assessed per KBLI (not a single pool split across multiple activities).
  2. Paid-up/issued capital: Typically, IDR 2.5 billion at incorporation is used in practice to support the investment plan and OSS RBA process. The investment amount and capital amount are not identical, though capital forms part of (or sits within) the total investment plan, depending on the business model.

Common mistake:

Many companies mistakenly treated IDR 10 billion (10B) as one bucket across multiple KBLIs.

The 10B requirement applies to each KBLI. Trying to split one 10B plan among multiple KBLIs is a frequent reason for OSS RBA rejection or queries.

Sector Examples: When General Rules Are Not Enough

The KBLI drives both capital expectations and sectoral permits. Map the capital plan to the exact activity, then check whether the business sector has any additional paid-up or ownership rules.

Certain regulated sectors impose higher paid-up capital or special structures on top of the PT PMA baseline. A few examples:

  1. Fintech Peer-to-Peer (P2P) Lending: Current framework retains minimum paid-up capital of IDR 25 billion at establishment, alongside new prudential ratios (equity vs capital, liquidity, NPL ceilings). Recent updates in 2025 continue to emphasize capitalization and governance.
  2. Payment Service Providers (Penyedia Jasa Pembayaran/PJP): BI regulations overhaul payment licensing and impose capital, ownership, and governance requirements for non-bank PJPs (plus local shareholding thresholds in some cases). You must align capital and shareholding to the chosen PJP category before filing.
  3. Construction: Construction Service Business Entity (Badan Usaha Jasa Konstruksi/BUJK) businesses must meet Business Entity Certificate (Sertifikat Badan Usaha/SBU) classification/qualification and, for foreign construction presence, satisfy minimum qualification standards; capital and track-record expectations are assessed.
  4. Trading/Retail & Distribution: PT PMA traders often need local distribution arrangements to reach retailers or consumers. Plan capital and contracts together so your KBLI and logistics permits are coherent from the start.

Why Minimum Capital Planning is a Strategic Decision

  1. It affects banking readiness (account opening, Foreign Exchange/FX inflows, evidence of capital).
  2. It directly influences both licensing speed and the scope of permits granted.
  3. It sets the tone for governance, especially in regulated industries where capital is tied to prudential health (fintech, payments).

How Putranto Alliance Helps

  1. Capital & KBLI Advisory: We align your business model with precise KBLIs and capital plans, so the Online Single Submission Risk-Based Approach system (OSS RBA) accepts your filings the first time.
  2. Sector Preparation: We advise on the extra capital/ownership requirements for variety of sectors, such as P2P, PJP (payments), construction, trading/logistics, and others, before you incorporate.
  3. Documentation & Filings: We prepare capital evidence, notarial deeds, Ministry of Law approvals, and OSS RBA submissions, then coordinate tax and BPJS registrations post-incorporation.
  4. Incentive Packaging: Where eligible, we assemble priority-sector incentive filings, so you do not miss benefits due to technicalities.

Start PT PMA in Indonesia

Don’t risk avoidable rejections or months of delay.

Putranto Alliance designs your PT PMA’s capital and investment plan to match Indonesia’s regulations and your business reality from day one.

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