Ways to stay legally
Investor KITAS (E28A) through your own PT PMA company
Who it is for
Founders and business owners who will personally own a foreign-investment company (PT PMA) in Indonesia. They must be able to commit serious capital and want to live in Indonesia and run the company.
It is not a cheap residency route. It is a poor fit if you only want a long-stay permit without running a real business. It is also a poor fit if your budget is far below the thresholds below.
Requirements
- Personal shareholding: at least IDR 10 billion in the PT PMA, registered in your own name in the company deed and shareholder register. Consultancy sources cite Permenkumham No. 3 of 2025 for this. They also report that immigration checks the holding against the company's OSS record.
- PT PMA capital rules (BKPM Regulation 5/2025, effective 2 Oct 2025):
- Minimum paid-up capital is IDR 2.5 billion per business activity code (KBLI). It was previously IDR 10 billion.
- The total investment plan must still exceed IDR 10 billion per 5-digit KBLI code per project location.
- The lower paid-up capital does not lower the IDR 10 billion personal-shareholding threshold for the KITAS.
- Company structure: commonly reported as at least 2 shareholders, 1 director and 1 commissioner. The company needs a local office address.
- Documents typically requested:
- passport valid for at least 6 months (see Duration for how passport validity affects the permit length)
- PT PMA deed and shareholder certificate
- BKPM/Ministry of Investment recommendation
- sponsor letter from the PT PMA
- health insurance valid in Indonesia
- company documents and the NIB business licence
- Clean immigration record: no previous overstay, deportation or immigration violation.
- Check the exact current list on the official immigration e-visa portal (evisa.imigrasi.go.id) before filing. Rules changed in 2025.
Duration
- Issued for 1 or 2 years and renewable while you still meet the conditions.
- One consultancy reports the length depends on passport validity. With about 18 months of validity you get 1 year. With more than 30 months you can get 2 years.
- Multiple entries are allowed.
- Consultancy sources say it can lead to a permanent permit (KITAP) after a qualifying period. Confirm the current required period with immigration.
- Sources mention a share lock-up requirement. Ask your adviser and immigration how long you must keep the shares.
Cost
- Capital is the main cost: IDR 10 billion in shares, about US$600,000–650,000 according to consultancies. At least IDR 2.5 billion per KBLI must be paid in and shown in a bank statement.
- Company setup fees: one Bali consultancy quotes US$3,000–8,000 for incorporation, OSS/NIB, tax ID and basic licensing. Treat this as an indicative market range, not an official fee.
- Company setup time: consultancies quote about 10 working days through OSS under the new rules, and up to 4–8 weeks until the company is fully operational with a bank account.
- Visa and KITAS fees: the sources I found did not give reliable figures. Get a written quote that separates government fees from agent fees.
- Ongoing costs: accounting, tax filings and periodic investment reports. Sources say the investor KITAS avoids the monthly foreign-worker levy that applies to a working KITAS.
Allowed
- Living in Indonesia on the permit and entering and leaving multiple times.
- Directing and managing your own PT PMA, as a shareholder holding a director or commissioner role.
- Doing strategic and managerial work for the sponsoring company. Consultancies say no separate work permit (IMTA) is needed for this.
Not allowed
- Using the permit for employment or paid work outside the sponsoring company.
- Registering a smaller personal stake and presenting it as meeting the IDR 10 billion threshold. Immigration checks the shareholding record.
- Operating business activities that are not covered by the KBLI codes in your licence.
Risks
- **Thresholds are easy to mix up.** The company can be incorporated with IDR 2.5 billion paid-up. The KITAS needs IDR 10 billion in **your own** name. With the smaller figure you may get a company but no investor KITAS.
- **Several KBLI codes multiply the capital.** Each activity code needs its own investment plan above IDR 10 billion. One source says revenue-generating side activities must be registered as extra KBLI.
- **Rules changed in 2025.** Older guides citing IDR 10 billion paid-up capital are outdated, and some sites still mix the figures. Verify with the Ministry of Investment/BKPM and immigration.
- **Cost and timelines vary widely by agent.** The ranges above come from consultancies. Ask for a fixed written scope.
- **Overstay or violations** can block the permit and future applications.
- **Ongoing compliance.** Consultancies mention quarterly investment reports (LKPM) to BKPM. Missed reports and licence problems can put the company, and your permit, at risk.
Step-by-step plan — in Expatlas Pro
The full text is available in the app with an Expatlas Pro subscription.
This is not legal advice. Rules change — check official sources or a professional before you act.
Sources
- Investor KITAS 2026 Indonesia: Requirements Guide (XPND)
- New Investment Rules in Indonesia: PT PMA Capital & KITAS (Permitindo)
- Difference Between KITAS Investor and Work Permit 2026 (XPND)
- BKPM Regulation No. 5 of 2025: New PT PMA Capital Rules Explained (Smart Advisory)
- PT PMA Cost Indonesia 2026: Notary, Capital and Fees (XPND)
- Post-Incorporation Compliance in Indonesia: PT PMA obligations (3E CPA)
- Indonesia PT PMA Costs & Fees 2026 (Comply Globally)
- Indonesia Residence Permit 2026: KITAS, KITAP, and Golden Visa Guide (Golden Harbors)
- BKPM Regulation 5/2025: What It Means for Your PT PMA (XPND)
- Investor KITAS Foreign Shareholder in Local company PT PMA (Bali.com)
- What is KITAS in Indonesia: Complete Guide for Foreigners (Invest in Asia)
- Investor Visa KITAS E28 (Lets Move Indonesia)
- PT PMA Bali 2026: Setup, Costs and Property Guide (InvestLand Bali)
- PT PMA Bali Property: Capital & Setup Guide (Bali Property Rules)