How much you need to invest for an Investor KITAS: company capital vs your stake
For an Investor KITAS E28A, what counts is your personal stake in the PT PMA: under the official eVisa requirement it must be at least IDR 10 billion, roughly USD 600,000. The company’s capital is a separate requirement for the PT PMA itself, and if it is split between partners, none of them may reach the threshold.
Updated: 24 September 2026 · Verified by the Malina Visa team
Two different numbers: company capital and your stake
The most common planning mistake is assuming that a registered company automatically means a KITAS. In reality there are two separate requirements, checked by different authorities at different stages.
The first applies to the PT PMA itself (Perseroan Terbatas Penanaman Modal Asing, a foreign-owned limited company): an investment plan of at least IDR 10 billion and paid-up capital of at least IDR 2.5 billion — the minimum in force since October 2025 under BKPM Regulation No. 5/2025. Both are declared at incorporation, and how they are evidenced depends on the structure and the line of business. The full terms are on our PT PMA registration page.
The second applies to you personally as the Investor KITAS E28A applicant. Under the official eVisa requirement, the foreign investor’s shareholding in the company must be at least IDR 10 billion. This is not about the company as a whole — it is about how much capital sits in your own name.
| PT PMA capital | Personal stake for E28A | |
|---|---|---|
| Applies to | The company as a whole | The individual foreign shareholder |
| Threshold | Investment plan from IDR 10 billion, paid-up capital from IDR 2.5 billion | From IDR 10 billion (eVisa requirement) |
| Checked | At incorporation | When you apply for the KITAS |
| Evidence | Deed of establishment, OSS records | Shareholder register and proof of paid-in stake |
Why the company qualifies but the shareholder does not
A PT PMA needs at least two shareholders. If IDR 10 billion of capital is split between partners — say 60/40 — each of them holds less than the threshold. The company is perfectly legal, yet neither partner meets the baseline eVisa requirement for an Investor KITAS.
The takeaway: work out the ownership structure before incorporation, not after. Who holds shares, how much each holds, who is the director and who is the commissioner — these choices decide whether the person who needs the status can actually get it.
If your stake has already landed below the threshold, there is no single fix. Sometimes the answer is more capital and a larger stake, sometimes a redistribution between partners, sometimes a different role or a different type of KITAS. We look at each case against the actual structure.
How your stake is assessed
Immigration does not go by promises or business plans. It goes by company documents, and the stake has to be paid in and evidenced, not just written down.
- ✓The stake is taken from the deed of establishment and the current shareholder register.
- ✓It is held directly in your name. Nominee arrangements do not work — we cover the risks in PT PMA vs Local PT.
- ✓The capital has actually reached the company’s bank account rather than existing on paper only.
- ✓Records in OSS (Online Single Submission, Indonesia’s business licensing system) match the incorporation documents.
Documents that prove your stake
An Investor KITAS application needs your personal documents plus a company pack. We put the corporate side together with our legal team.
- ✓A passport with plenty of remaining validity and a personal photo.
- ✓The PT PMA incorporation documents with all amendments, showing your stake and your position.
- ✓A company bank statement showing the capital coming in: amount, date and the PT PMA’s name.
- ✓SWIFT confirmation if the money was sent from abroad.
- ✓Corporate documents: the NIB business ID number, licences and filings.
Common reasons for refusals and delays
Most problems are not about the amount but about how it is documented. These are the ones we see most often:
- !OSS data does not match the incorporation documents: different shareholdings, addresses or business codes.
- !Missing or late LKPM reports — the company’s quarterly investment reports. They are due even with zero revenue, which is why many owners hand them to a monthly accounting service.
- !Capital declared but never paid in, with no bank evidence.
- !The stake is held by a nominee rather than the applicant.
- !After splitting shares between partners, the applicant holds less than IDR 10 billion.
Fees and processing time
The capital is your own investment. The KITAS itself is priced separately. Our all-in prices for the Investor KITAS E28A, government fees included:
| How we file | KITAS validity | All-in price | Processing time |
|---|---|---|---|
| Offshore — you are outside Indonesia | 2 years | IDR 17,000,000 | 7–9 business days |
| Onshore — you are here, via a bridging visa | 2 years | IDR 21,000,000 | 7–9 business days after the bridging visa |
If the company does not exist yet, PT PMA incorporation costs come on top and are quoted individually. All the status terms are on our Investor KITAS page.
Investor KITAS or Work KITAS
If putting the full amount in your own name is not realistic, a Work KITAS E23 sponsored by your own company is sometimes the better route. Here is how they compare:
| Investor E28A | Work E23 | |
|---|---|---|
| Capital requirement | Personal stake from IDR 10 billion | No personal stake needed |
| RPTKA hiring plan | Not needed | Mandatory |
| Validity | 1–2 years | Usually 6–12 months |
| DKP-TKA levy | None | USD 1,200 a year, paid by the employer |
| Processing time | 7–9 business days | 30–45 business days |
RPTKA is the foreign workforce utilisation plan approved by the Ministry of Manpower. What you can and cannot do inside your own company on investor status is covered in Investor KITAS work rights.
The route from scratch
You cannot get the status before the company exists, so the order of steps matters.
A D12 pre-investment visa gives you time to research the market and build the structure without living on tourist visas.
KBLI business codes, deed of establishment, NIB, licences and a company account. The stages are covered in How to open a PT PMA.
Your personal stake reaches the company account and is documented.
We file on the basis of the incorporation documents and proof of your stake. With continuous status, the path to a KITAP — permanent residence — opens over time.
FAQ
How much do I need to invest personally for an Investor KITAS?
Under the official eVisa requirement, your stake in the PT PMA must be at least IDR 10 billion, roughly USD 600,000 at current rates. It has to be paid in and held in your own name.
Is it enough that the company has IDR 10 billion in capital?
Not always. Company capital and your personal stake are separate requirements. If IDR 10 billion is split between several shareholders, each holds less than the threshold, and under the baseline eVisa rule none of them qualifies.
Can my shares be held by a nominee?
No. For a KITAS the stake must be registered directly to the applicant. Nominee structures give no right to the status and put your control of the business at risk.
What if my stake is below IDR 10 billion?
It depends on the structure: increase the capital and your stake, rebalance shares between partners, or take a different KITAS, such as a Work KITAS through your own company. We can go through your situation in a consultation.
How much does Malina Visa charge for an Investor KITAS?
IDR 17,000,000 all-in if you are outside Indonesia, and IDR 21,000,000 if you are already here and switch via a bridging visa. Government fees are included and processing takes 7–9 business days.
Official sources: evisa.imigrasi.go.id — Indonesia’s official eVisa portal · imigrasi.go.id — Directorate General of Immigration · oss.go.id — OSS business licensing system
Let’s model your structure for an Investor KITAS
Tell us about the company and your partners — we’ll check whether you meet the threshold and set up the PT PMA and the KITAS so the two line up.
Investor KITAS E28A