PT PMA (foreign-owned company)

PT PMA (Perseroan Terbatas Penanaman Modal Asing) is a limited liability company in which a foreigner may hold up to 100% under permitted KBLI business codes. It is registered through the OSS system, receives an NIB and licences for specific KBLI codes.

In real estate a PT PMA served two purposes, holding an HGB title to land and legally running accommodation (KBLI 55193, villas). From the third week of May 2026 OSS stopped registering new PT PMAs in Bali under 18 codes, among them 68111 "real estate" and the accommodation codes, and the province confirmed the restriction on 23.07.2026. Existing companies continue to operate.

In 2026 practice, a foreigner buying a single villa takes a leasehold in their own name and a licensed management company provides the legal rental wrapper. PT PMA remains a tool for residents with an investor KITAS and for portfolio structures set up before the restriction.

Read more in the blog

• PMA or leasehold, choosing the ownership structure
• Bali Closes PT PMA Registration for 18 KBLI Codes, Including Real Estate 68111
• Why DOMA switched to a coordinator services agreement instead of “everything through one company”

Related terms

Updated 2026-09-20. Not a public offer. Regulations change, so we cite enacted acts only and update the entry when they do.