Set up & structure
Foreign Investment Company (PT PMA)
A PT PMA is the foreign-investment company: up to 100% foreign ownership, subject to your KBLI.
Who this is for. A foreign company or investor who wants to trade in Indonesia in their own name, own the business outright where the rules allow, and hold the licences directly.
Deed of establishmentPT PMA
Company namePT ——————— Indonesia
Legal formPerseroan Terbatas
Foreign ownershipUp to 100%
Authorised capitalIDR 10,000,000,000
Paid-up capitalIDR 2,500,000,000
Approved · Ministry of Law
NIB and NPWP issued Illustrative
Trusted by companies operating in Indonesia
Up to 100%
Foreign ownership, subject to KBLI
IDR 2.5bn
Paid-up capital you must fund
Yes
Can trade, invoice and employ
Included
What you get
- KBLI classification advice before anything is filed — it decides what you may own and which licences you need
- Your complete corporate file — the notarial deed, the Ministry of Law approval (SK), your NPWP and NIB, and the sector and location licences your classification requires
- The document pack a bank will ask for when you open the company account
A PT PMA is the foreign-investment company — the entity that lets a foreign shareholder own and operate a business in Indonesia directly, up to 100% depending on your KBLI business classification.
It is the right structure when you intend to trade, invoice and employ in Indonesia in your own name.
Before you commit
Two questions decide whether a PT PMA is right for you. Answer both before spending money.
Does your intended activity permit foreign ownership? The KBLI classification governs this, and some sectors are closed or capped. If yours is restricted, the options are a different structure or a local shareholding arrangement — each with consequences worth understanding first.
Do you need to trade at all? If you only need a presence — market research, liaison, oversight of a supplier — a representative office does that with no capital requirement, because it cannot generate revenue.
The process
How it works
-
Deed of establishment
Notarial deed drafted and signed; shareholders and capital confirmed.
-
Ministry approval
The Ministry of Law’s approval (SK) issued, giving the entity legal existence.
-
NPWP, Coretax & NIB
The tax number and Coretax access set up, then the business identification number issued through OSS.
-
Operating licences
Sector and location permits, depending on your KBLI classification.
Compare
Which is right for you?
| PT PMA | PT PMDN | Representative Office | |
|---|---|---|---|
| Foreign ownership | Up to 100%, subject to KBLI | Indonesian shareholders only | Not a trading entity |
| Minimum capital | IDR 2.5bn paid-up of IDR 10bn authorised; investment over IDR 10bn | No legal minimum | None |
| Can earn revenue | Yes | Yes | No |
Why us
Why MAM for Foreign Company (PT PMA)
- One team, formation to compliance
The team that files your deed files your tax afterwards. Nothing is handed to a third party at the point it gets difficult.
- In Jakarta since 2017
MAM has been established in Jakarta Utara since 2017, so licensing answers come from how offices actually behave, not from the regulation alone.
- Advice in your language, filings in Bahasa
The team works in English, Bahasa Indonesia, Urdu and Tamil. You discuss the structure in your own language; filings go in the ministry’s.
Credentials
Qualified, and accountable for it
MAM's work is done by qualified accountants and carried out to the standards of these professional bodies — not by a general administrator following a checklist.
Led by members 
Registered 
Member 
Through ACCA Reviews
What clients say
We have engaged many business consultants in past and MAM Corporate Solutions is by far among the most informed and professional business consultants as per our experience. They have helped us with various services such as tax compliance, company incorporation and business valuations and every time they have exceeded our expectations.
MAM Corporate Solutions offers great services! All the team makes all the incorporation process very clear, and always takes the time to explain every step of the way in details. They are fast and efficient, and always make sure they find the solution that's most adapted to your need. I could not recommend them enough!
MAM Corporate Solutions provides us accounting service on Xero. They have always kept our records up-to-date and we are happy with their service.
Questions
What people ask us
What do you need to know before you can quote?
The proposed company name, the details of the directors, shareholders and commissioners, the business activity, whether you need a virtual or a physical office, and where the company is to be set up. We need passport copies or identity cards, email addresses, residential addresses and contact numbers for everyone named. Where a foreign company is the shareholder we also need its articles of association and the details of the director authorised to sign.
What is the minimum investment, and how much must be paid up?
The deed sets authorised capital (modal dasar), usually IDR 10 billion, and issued and paid-up capital (modal ditempatkan dan disetor) of at least IDR 2.5 billion, held in the company account for twelve months. The planned investment must exceed IDR 10 billion per business line per location, excluding land and buildings. For property, accommodation and farming businesses, land and buildings count towards that figure.
Do the foreign shareholder's documents need to be apostilled?
An individual shareholder needs only a passport. A company shareholder's articles of association need an apostille or embassy legalisation.
Does the price include the business licences?
It depends on the business activity. Licences are classified by risk under KBLI, the government's business-activity classification system. For low-risk activities the business identification number is activated as part of the formation. Medium and higher-risk activities carry additional requirements that have to be met before the licence can be activated, and that activation is not included.
What are the obligations in the first year?
Two start at once, trading or not: the investment board report (LKPM), which has a preparation-stage version for a company that is not yet operating, and the annual corporate return. Monthly tax and payroll compliance follow once it starts trading and paying staff — sooner if it is registered for VAT, because a VAT return is filed every month, even at nil.
Goes with this
Often needed alongside this
Virtual office
A virtual office Indonesia authorities accept for registration — address, mail and calls handled.
Learn more →Corporate secretary
Corporate secretary Indonesia work: registers, resolutions and filings kept correct and current.
Learn more →Bookkeeping & accounting
Bookkeeping services Indonesia standards demand — reconciled monthly, ready for tax and audit.
Learn more →Corporate tax & compliance
Corporate tax Indonesia filings, withholding and the compliance calendar, handled every month.
Learn more →Investor KITAS
An investor KITAS is the stay permit for shareholders and directors of an Indonesian company.
Learn more → Compare
Or consider instead
These do a similar job in a different way. Most people choose one, not both.
Local Company (PT PMDN)
A local Indonesian company (PT PMDN) is the domestic entity: Indonesian shareholders, and no legal minimum capital.
Learn more →Representative office
A representative office Indonesia permits with no capital requirement — presence, but no trading.
Learn more →Shelf company
A shelf company Indonesia investors can buy when an existing company's age or history matters — ask about availability first.
Learn more →Local Resident Shareholder
Local resident shareholder arrangements, explained honestly: what is lawful, documented and enforceable.
Learn more →Talk to someone who does this every day
A free 30-minute call. Bring the situation you are actually in, and you will leave with a clear view of what is involved.