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; the province confirmed the restriction on 23.07.2026. Existing companies continue to operate.

2026 practice: for a single villa a foreigner 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: 18 KBLI Codes, Including Real Estate 68111
• Why DOMA changed how it works: a coordinator agreement instead of “everything through one company”

Related terms

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