Investor KITAS and a PMA company in Bali: process, timelines, real prices
AB
Andrei Balinsky
Founder of Balinsky
If you are investing seriously in Bali, sooner or later you will come across two tools: PT PMA and the investor KITAS. Let's look at what they are and what they really cost.
PT PMA — Perseroan Terbatas Penanaman Modal Asing, a company with foreign capital. It is a legal entity through which a foreigner can hold HGB (Hak Guna Bangunan — the right to build for 30+20+30 years), hire staff, open a bank account, issue invoices and pay taxes in Indonesia. Since 2 October 2025 (Investment Ministry Regulation No. 5/2025), you need to pay in at least 2.5 billion rupiah of capital and not withdraw it for 12 months. Separately, the investment plan must exceed 10 billion rupiah per business activity per location.
Setting up a PMA takes 4–8 weeks on average and goes through a notary with registration in OSS (Online Single Submission). The real price of a lawyer's service for 2025 is about 16 million rupiah (≈$1000). You also need: an NPWP (tax number) ≈ 600 thousand rupiah, access to the Coretax tax system (since 2025, instead of EFIN), and opening a bank account ≈ 1 million.
The investor KITAS is a one-year or two-year resident visa tied to your stake in the PMA. The investor's own stake must be at least 10 billion rupiah, and the capital must actually be paid in. This is not a "golden visa", but a working tool for those who really run a business.
Market prices for the investor KITAS in 2025:
— Getting an investor KITAS (2 years) — 14 million rupiah
— Extension — 12.5 million rupiah
— Family KITAS (1 year) — 10 million rupiah
— Family KITAS extension — 9 million rupiah
— Remote worker KITAS — 10 million rupiah
— Closing a KITAS — 2 million rupiah
Annual PMA obligations:
— Tax reports — about 1.5 million rupiah
— Annual report — 3 million
— Physical report — 1.5 million
— LKPM (investment activity report) — 1 million
— BPJS (social insurance) — 350 thousand
If you are quoted prices much higher than this, you are overpaying. If much lower, it is either grey work, or you are being cheated by having services split up.
Indonesia's Golden Visa is a separate tool that appeared in 2023. During the trial period, about 300 foreigners received it. The minimum investment for an individual is from $350,000 in government bonds or shares, for a 5-year visa. For a business — from $5 million and up. You apply through the website of Indonesia's immigration service.
Important: a KITAS gives you the right to live here, but does not turn a foreigner into a Hak Milik holder. Land ownership still goes through leasehold, Hak Pakai or PMA→HGB.
Editorial note
Balinsky editorial team · 12 October 2026.
Update: we clarified the capital rules under Regulation No. 5/2025: you need to pay in at least 2.5 billion rupiah, and the 10 billion threshold applies to the investment plan. We removed EFIN; since 2025 it has been replaced by Coretax. We added the stake requirement for the investor KITAS. A fresh overview is in the article on PT PMA in 2026.
Source: SSEK on Regulation No. 5/2025 — https://www.ssek.com/blog/indonesia-issues-bkpm-regulation-no-5-of-2025-to-implement-updated-risk-based-business-licensing-framework/