Foreign ownership
Ownership caps set by business activity (KBLI)
Details
Foreign shareholding in a PT PMA must match the limits for its activity code under Presidential Regulation 10 of 2021, as amended. Check the KBLI code before drafting the deed.
Asia
PT PMA · Rp2.5bn paid-up capital · at least two shareholders

Ownership caps set by business activity (KBLI)
Foreign shareholding in a PT PMA must match the limits for its activity code under Presidential Regulation 10 of 2021, as amended. Check the KBLI code before drafting the deed.
Rp2.5bn paid-up capital · investment commitment is separate
BKPM’s procedure page lists a higher total investment threshold. Confirm the activity and location calculation before setting the project budget.
Ecosystem evidence, not proof of demand for your product. Validate customers, competition and economics before investing.
Technology and component businesses can investigate this production ecosystem without treating past investment as future demand.
BKPM identifies the domestic consumer market and ASEAN connections as investment reasons. Validate local purchasing needs and distribution between islands.
The foreign-investment route uses an Indonesian limited liability company. Check the activity classification, permitted ownership and risk-based licences.
Prepare the company deed and legal-entity approvals before completing the operational licensing process. Company registration alone is not permission for every activity.
After the NIB, medium-high and high-risk activities need their risk-based licence commitments verified through OSS before operations start. Plan the launch date around that check, not the deed date.
Investors holding shares worth at least Rp10 billion in a BKPM-registered company can get an investor visa and sit on its board of directors or commissioners. It does not cover other employment.
Confirm the current activity classification and risk-based permissions.
National observations help frame the market. They do not measure demand for your specific product.
72.8% of population
2024
286m
people · 2025
US$1.45tn
USD · 2025
5.1%
2025
43.4% of GDP
2025
Tell us what you sell, where you operate and what you want to achieve.
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