01
Form and capital
A PT PMA is the principal vehicle for a foreign investor; permitted foreign ownership, project scale and approvals follow the exact KBLI business codes and sector regulation
02
Formation process
Formation links a notarial deed, Ministry of Law approval, tax number, address, UBO disclosure and OSS; after NIB the company completes any standard certificate, verification or licence required by its risk level
A company should be built around its activity, tax and banking route. A PT PMA is the principal vehicle for a foreign investor; permitted foreign ownership, project scale and approvals follow the exact KBLI business codes and sector regulation.
03
Management and substance
A PT PMA should evidence capital, premises, management, people and the capacity to perform its licensed activity; a formal NIB does not replace permits, tax administration and actual operations
04
Banking launch
Corporate accounts are provided by Indonesian banks under their licences, currency capabilities and client policies; Bank Indonesia regulates payments and remittance, while OJK covers financial technology and digital financial assets. The bank reviews PT PMA, NIB and licences, owners and UBOs, source of capital and funds, KBLI, premises, people, contracts, countries, currencies and turnover; no adviser can guarantee approval.
05
Working checklist
The general corporate income-tax rate is 22%; residence, permanent establishment, withholding, transfer pricing, incentives and treaty access depend on the facts. VAT after the 2025 changes requires transaction-level analysis of the statutory rate and taxable base; imports, customs, withholding, luxury-goods tax and electronic reporting are reviewed separately.
FAQ
FAQ
Where should a company formation project in Indonesia start?
A PT PMA is the principal vehicle for a foreign investor; permitted foreign ownership, project scale and approvals follow the exact KBLI business codes and sector regulation
Can formation or account opening be guaranteed?
This material is general information. Formation, licensing, tax outcomes and account opening depend on the facts and the decision of the competent authority or financial institution.
Why are tax and banking reviewed together?
The general corporate income-tax rate is 22%; residence, permanent establishment, withholding, transfer pricing, incentives and treaty access depend on the facts. The bank reviews PT PMA, NIB and licences, owners and UBOs, source of capital and funds, KBLI, premises, people, contracts, countries, currencies and turnover; no adviser can guarantee approval.
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Related routes
- Bank accounts and private banking
- Open primary source
- Private wealth: foundations and trusts
- Open primary source
- Tax strategy
- Open primary source