PT PMA Minimum Capital in 2026: The IDR 2.5 Billion Rule Explained

1. What Changed in October 2025

Between 2021 and 2025, BKPM Regulation No. 4 of 2021 required a PT PMA to have IDR 10 billion of issued and paid-up capital. That figure put many small and service businesses off.

BKPM Regulation No. 5 of 2025 — signed on 1 October 2025 and in force from 2 October 2025 — replaced the 2021 regulations. It cut the minimum issued and paid-up capital to IDR 2.5 billion per company, unless a sector-specific rule sets a higher amount. The separate IDR 10 billion investment test stayed. The regulation implements Government Regulation No. 28 of 2025 on risk-based business licensing, which runs through the OSS system.

Many websites still quote IDR 10 billion of paid-up capital. That was the old rule.

2. Paid-Up Capital vs the Investment Plan

These two numbers are often confused. They are different things:

So a company with one business activity needs IDR 2.5 billion paid in, and a plan to invest more than IDR 10 billion in that activity over time — for example in equipment, fit-out, stock and working capital. The plan is realised gradually and reported every quarter; it is not cash you deposit on day one.

3. When the IDR 2.5 Billion Is Paid

You do not wire money before the company exists. The sequence is:

1. Deed of establishment. The notary prepares the deed showing the share capital. At this stage the founders can sign a statement that the capital has been paid in, or provide a bank slip or bank letter (Ministry of Law Regulation No. 49 of 2025).
2. Proof within 60 days. Valid proof of payment must be filed electronically with the Ministry of Law within 60 days of the deed (Government Regulation No. 8 of 2021).
3. Bank account and deposit. Once the company has its NIB and tax number, a corporate bank account is opened and the capital is deposited into it.

4. How the Capital Can Be Used

The paid-up capital is not a frozen deposit. Under BKPM Regulation No. 5 of 2025, it must stay in the company's bank account for at least 12 months and may only be spent on:

• Buying assets (equipment, vehicles, inventory)
• Construction or fit-out
• Running the business (operations)

The company commits to this through a self-declaration in OSS, and breaking it can bring administrative sanctions. Moving the money back out to shareholders or using it for unrelated purposes is exactly what the rule prevents.

5. Sector Exceptions to the IDR 10 Billion Rule

The investment plan is normally counted per 5-digit KBLI code per project location. BKPM Regulation No. 5 of 2025 sets these exceptions:

Outside Special Economic Zones there is no general start-up exception. Since June 2026 OSS uses KBLI 2025 codes, so check that your activity codes are current before you file.

6. Three Worked Examples

An IT consultancy in Jakarta

One activity (IT consulting, KBLI 62209 under KBLI 2025), one location. Paid-up capital: IDR 2.5 billion. Investment plan: more than IDR 10 billion for that activity, realised over time and reported via LKPM.

A trading company with three wholesale codes

Three wholesale activities in the same 4-digit group count once, so the plan is more than IDR 10 billion in total — not IDR 30 billion. Paid-up capital is still IDR 2.5 billion for the company.

Two cafés in Bali (one regency)

Food and beverage is counted per 2-digit KBLI per regency, so both cafés in the same regency share one plan of more than IDR 10 billion. A third café in a different regency would need its own plan.

7. Capital and the Investor KITAS

Here is the catch many people miss: the Investor KITAS (E28A) has its own threshold. The applicant must personally hold shares worth at least IDR 10 billion. Immigration did not lower this when the company minimum fell to IDR 2.5 billion.

So a company set up at the IDR 2.5 billion minimum does not, on its own, qualify its owner for an Investor KITAS. The usual alternatives are a work KITAS (E23) with an approved RPTKA, or structuring the share capital so that the investor's shareholding reaches IDR 10 billion. IndoDesk advises on this before the deed is signed, because changing share capital later means a deed amendment.

8. Common Myths

• "You still need IDR 10 billion paid up." Not since 2 October 2025. The minimum is IDR 2.5 billion per company.
• "The capital is only on paper." No. It must actually be paid into the company's account, proven to the Ministry of Law, and kept there for 12 months — though it can be spent on the business during that time.
• "IDR 2.5 billion is enough for an Investor KITAS." No. The Investor KITAS needs a personal shareholding of at least IDR 10 billion.
• "The IDR 10 billion plan must be deposited." No. It is an investment plan realised over time and reported through LKPM.

9. Frequently Asked Questions

Related: PT PMA Registration Guide • Investor KITAS Service • All FAQs