**Budget roughly USD 3,000–8,000 in one-off setup costs to incorporate a PT PMA in 2026 (agent fees, notary, licensing), plus the IDR 10 billion minimum investment plan you must declare and the IDR 2.5 billion paid-up capital regulators expect. Recurring annual costs (tax, accounting, reporting) add another USD 2,000–6,000.** Figures below are indicative as of June 2026 and change with regulation, exchange rates, and your business classification.
A PT PMA (Perseroan Terbatas Penanaman Modal Asing) is the foreign-owned limited liability company that lets non-Indonesians legally own and operate a business — including, in many cases, holding property rights for development. If you’re weighing a project in the Tana Mori area of West Manggarai, the company structure is usually step one before any land or leasehold conversation. The honest reality: “the cost” is not one number. It’s a stack of one-off charges, a capital commitment that mostly stays in your own company, and ongoing obligations that surprise first-year owners. Let’s break the stack apart.
How much capital do you actually need to commit?
This is where most cost estimates go wrong, because people confuse “capital” with “money you hand over and never see again.” They’re not the same thing.
The Indonesian Investment Coordinating Board (BKPM, now operating through the OSS system) has long set an investment plan minimum of IDR 10 billion per business classification (KBLI), excluding land and buildings, for a standard PT PMA. This is a plan — a declared commitment, not a deposit you wire to the government. Of that, the commonly cited paid-up capital figure is IDR 2.5 billion (about USD 150,000–160,000 depending on the rate in mid-2026), which goes into your own company bank account and funds your operations.
Some sectors, special economic zones, and specific KBLI codes carry different thresholds, and rules are periodically revised. Treat these as starting points to verify, not gospel.
| Capital item (as of June 2026) | Approximate amount | Where the money goes |
|---|---|---|
| Investment plan minimum (per KBLI, excl. land/building) | IDR 10 billion | A declared commitment, not a payment |
| Paid-up capital (typical) | IDR 2.5 billion | Your own company account |
| Capital per shareholder (varies) | Subject to share structure | Your own company account |
The takeaway: the headline IDR 10 billion scares people, but the cash you genuinely need in hand at incorporation is closer to the paid-up figure — and even that stays inside your business as working capital.
What are the one-off setup costs in 2026?
These are the fees that actually leave your pocket. They split into professional services, government charges, and document handling. Ranges below reflect what independent agents and notaries in Bali and Jakarta were quoting in the first half of 2026; Flores and remote-region work can run higher because of travel and local coordination.
- Incorporation / agent package: USD 2,000–5,000. Covers deed of establishment, name reservation, and OSS registration coordination. The wide spread reflects how much hand-holding is bundled.
- Notary (notaris) fees: Often folded into the agent package; standalone roughly IDR 5–15 million depending on share complexity.
- Deed of establishment + Ministry of Law ratification (SK Kemenkumham): Government processing charges, typically a few million rupiah.
- NIB (Nomor Induk Berusaha / business identification number): Issued through OSS, generally no standalone government fee, but agents charge for handling.
- Tax registration (NPWP) and PKP (VAT-able entity) setup: Modest, often bundled.
- Domicile and sector licensing: Varies enormously by KBLI — a consulting entity is light; anything touching construction, tourism accommodation, or land development triggers extra permits and cost.
| One-off item | Indicative 2026 range (USD) |
|---|---|
| Agent / incorporation package | 2,000 – 5,000 |
| Notary (if separate) | 350 – 1,000 |
| Government processing & ratification | 200 – 600 |
| Sector-specific licensing | 0 – 3,000+ |
| Typical all-in one-off total | 3,000 – 8,000 |
A clean, single-KBLI consulting company sits at the bottom of that range. A development- or hospitality-oriented entity with construction and environmental permits sits well above it, and those numbers can climb quickly once technical approvals enter the picture.
What do the recurring costs look like?
The mistake first-year owners make is treating incorporation as the finish line. A PT PMA is a living obligation. Once it exists, it files, reports, and pays — whether or not it has earned a single rupiah.
Recurring costs, indicative for 2026:
- Monthly accounting / bookkeeping: USD 100–400 per month depending on transaction volume and whether you’re VAT-registered.
- Annual corporate tax filing: Corporate income tax in Indonesia is generally 22% on taxable profit (verify current rate, as it has been adjusted in past years). Even a dormant company files.
- Monthly tax obligations: Employee withholding (PPh 21), VAT (PPN, generally 11% as of 2026) if applicable, and other periodic returns.
- LKPM (investment activity report): Mandatory periodic reporting to OSS/BKPM — quarterly for most. Missing it carries sanctions.
- Annual licence renewals and registered office costs: Virtual or physical office, plus any sector permits that expire.
| Recurring item | Indicative 2026 cost |
|---|---|
| Bookkeeping / accounting | USD 1,200 – 4,800 / year |
| Corporate tax (rate) | ~22% of taxable profit |
| VAT (PPN), if registered | 11% |
| LKPM reporting | Compliance time / agent fee |
| Office + licence renewals | USD 500 – 3,000 / year |
Budget USD 2,000–6,000 annually for a small operating company before any tax on actual profit. Skipping LKPM or tax filings is the fastest way to turn a cheap setup into an expensive cleanup.
Why do quotes vary so wildly?
If three providers give you three different numbers, it usually comes down to four variables:
- KBLI classification. Some business lines are open to 100% foreign ownership; others are restricted, conditional, or closed. The Positive Investment List dictates this, and it gets revised. Your classification drives both capital thresholds and licensing cost.
- Number of business activities. Each additional KBLI can trigger its own investment-plan minimum.
- Location. Special economic zone (KEK) status, which has been part of the planning conversation around the Tana Mori / Labuan Bajo region, can carry different incentives, thresholds, and procedures than a standard area. Verify the current legal status of any zone before assuming a benefit applies — it may be positioned toward incentives that are not yet finalized.
- Bundled vs. à la carte. A low headline fee often excludes notary, licensing, or first-year compliance that a higher quote includes.
A realistic 2026 budget, end to end
Pulling it together for a modest, single-activity PT PMA being formed in the first half of 2026:
- Cash you genuinely deploy at setup: USD 3,000–8,000 in fees, plus paid-up capital (~IDR 2.5 billion) that stays in your own company account.
- Declared commitment: IDR 10 billion investment plan per KBLI (a plan, not a payment).
- Year one running cost: USD 2,000–6,000 before tax on profit.
Every figure here is indicative as of June 2026 and subject to change with regulation, your KBLI, exchange rates, and location. None of this is legal, tax, or financial advice — final thresholds, fees, and eligibility rest with the relevant Indonesian authorities (OSS/BKPM, Ministry of Law and Human Rights, and the tax office), and you should confirm current rules with a licensed Indonesian notary, lawyer, or tax consultant before committing funds.
What this breakdown should do is replace the vague “how much does a PT PMA cost?” with a structured picture: a modest, real out-of-pocket fee stack; a large but largely self-retained capital commitment; and a recurring obligation that needs to be in your model from day one. For projects oriented toward the Tana Mori development specifically, the company is the foundation that every land, leasehold, and licensing step builds on — which is exactly why getting the cost picture right at the start saves the most money later.