{"id":12659,"date":"2026-11-13T09:53:26","date_gmt":"2026-11-13T02:53:26","guid":{"rendered":"https:\/\/voffice.co.id\/blog\/?p=12659"},"modified":"2026-11-13T09:53:26","modified_gmt":"2026-11-13T02:53:26","slug":"can-non-residents-own-shares-in-an-indonesian-company","status":"publish","type":"post","link":"https:\/\/voffice.co.id\/blog\/en\/can-non-residents-own-shares-in-an-indonesian-company\/","title":{"rendered":"Foreign Business Ownership in Indonesia: Can Non-Residents Hold Company Shares?"},"content":{"rendered":"<p>Yes. A foreign individual who lives outside Indonesia may hold shares in an Indonesian PT PMA. The investor&#8217;s residence does not by itself bar ownership. The business activity, foreign ownership limit, shareholder documents, and any plans to live or work in Indonesia need separate checks.<\/p>\n<div style=\"background: #f8f9fa; border-left: 4px solid #a82f62; border-radius: 0 8px 8px 0; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"font-weight: bold; margin: 0 0 10px 0; color: #a82f62;\">Key Takeaways<\/p>\n<ul style=\"margin: 0; padding-left: 20px; line-height: 1.8;\">\n<li>Foreign individuals and companies can hold shares in a PT PMA while based overseas.<\/li>\n<li>The permitted foreign share percentage depends on each KBLI business activity and sector rules.<\/li>\n<li>Passport or foreign corporate documents establish shareholder identity for filing.<\/li>\n<li>Share ownership does not itself grant an Indonesian visa, residence permit, or work authority.<\/li>\n<\/ul>\n<\/div>\n<h2>Non-Residents May Own PT PMA Shares<\/h2>\n<p>Indonesia&#8217;s Directorate General of General Legal Administration, or AHU, confirms that foreign citizens and foreign legal entities may become shareholders in a PT. A company with foreign shareholding is treated as a PT PMA under the applicable investment rules.<\/p>\n<p>Investment Ministry\/BKPM Regulation No. 5 of 2025 identifies a foreign individual through a valid passport. It addresses foreign corporate shareholders through their incorporation documents, subject to the applicable legalization or apostille requirements.<\/p>\n<p>The company itself must be established under Indonesian law and domiciled in Indonesia. Shareholder residence is a different issue from the company&#8217;s legal address and operating site. See the <a href=\"https:\/\/voffice.co.id\/blog\/en\/pt-pma-definition\/\">PT PMA definition and requirements<\/a> for the entity framework.<\/p>\n<p><strong>Also Read:<\/strong> <a href=\"https:\/\/voffice.co.id\/blog\/en\/guide-to-pt-shares\/\">Guide to PT Shares: Classification, Distribution, and Related Regulations<\/a><\/p>\n<h2>Check Foreign Ownership Limits by Business Activity<\/h2>\n<p>Presidential Regulation No. 10 of 2021, amended by No. 49 of 2021, sets the investment field framework. Some activities allow full foreign ownership. Others impose conditions or caps, and sector regulations may add their own requirements.<\/p>\n<p>List the products and services the company will actually sell. Match each activity to its KBLI code in OSS before setting the share percentages in the deed. The <a href=\"https:\/\/voffice.co.id\/blog\/en\/what-is-kbli-single-majority\/\">KBLI single majority guide<\/a> explains one kind of ownership restriction.<\/p>\n<div style=\"overflow-x: auto;\">\n<table>\n<thead>\n<tr>\n<th>Investor Plan<\/th>\n<th>Check Before the Deed<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>A foreign individual takes shares<\/td>\n<td>Passport identity, shareholder count, share percentage, and KBLI.<\/td>\n<\/tr>\n<tr>\n<td>An overseas company takes shares<\/td>\n<td>Incorporation documents, signing authority, legalization, and ownership structure.<\/td>\n<\/tr>\n<tr>\n<td>The investor plans to relocate<\/td>\n<td>Suitable visa and residence route; shares alone do not settle eligibility.<\/td>\n<\/tr>\n<tr>\n<td>The investor will manage day-to-day work<\/td>\n<td>Actual duties, company role, and the appropriate immigration and work rules.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div style=\"background: #f0e6ea; border-left: 4px solid #a82f62; border-radius: 0 8px 8px 0; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"font-weight: bold; margin: 0 0 8px 0; color: #a82f62;\">Notes for Your vOffice Consultation<\/p>\n<p style=\"margin: 0; color: #333;\">Bring a draft cap table and a list of revenue-generating activities. A review of one KBLI can miss a restriction affecting another business line. Identify separately any shareholder who plans to work in Indonesia.<\/p>\n<\/div>\n<p>Once the activities and ownership structure are clear, <a href=\"https:\/\/investinasia.id\/services\/pma-registration\" target=\"_blank\" rel=\"noopener\">InvestinAsia&#8217;s PT PMA registration service<\/a> describes notarial, company approval, tax registration, and OSS support. Request a written scope for the ownership review and overseas shareholder documents.<\/p>\n<div style=\"background: #a82f62; border-radius: 8px; padding: 24px; margin: 32px 0; text-align: center;\">\n<p style=\"margin: 0 0 6px 0; font-size: 18px; font-weight: bold; color: #fff; text-align: center;\">Have a Draft Share Structure?<\/p>\n<p style=\"margin: 0 0 20px 0; color: #fff; font-size: 14px; text-align: center;\">Check every planned activity before the notary prepares the deed.<\/p>\n<div style=\"text-align: center;\"><a style=\"background: #fff; color: #a82f62; padding: 12px 32px; border-radius: 6px; text-decoration: none; font-weight: bold; display: inline-block;\" href=\"https:\/\/investinasia.id\/services\/pma-registration\" target=\"_blank\" rel=\"noopener\">Explore PT PMA Registration Service<\/a><\/div>\n<div style=\"height: 15px;\"><\/div>\n<div style=\"text-align: center;\"><a style=\"background: #25D366; color: #fff; padding: 12px 28px; border-radius: 6px; text-decoration: none; font-weight: bold; display: inline-block;\" href=\"https:\/\/api.whatsapp.com\/send\/?phone=6281295665565&amp;text=Hello%20vOffice%2C%20I%20would%20like%20to%20check%20foreign%20share%20ownership%20for%20an%20Indonesian%20PT%20PMA.\" target=\"_blank\" rel=\"noopener nofollow\">Discuss on WhatsApp<\/a><\/div>\n<\/div>\n<h2>Share Ownership Does Not Grant Residence Rights<\/h2>\n<p>A shareholder may remain abroad. If that person intends to live in Indonesia or perform work here, review the visa and residence category against the intended duties. Indonesia&#8217;s immigration authority sets separate conditions for investor visas; being named in the share register does not satisfy them automatically.<\/p>\n<p>An individual PT, or PT Perorangan, is not a shortcut for a sole foreign founder. That route is reserved for eligible Indonesian citizens running micro or small businesses. The <a href=\"https:\/\/voffice.co.id\/blog\/en\/requirements-for-establishing-individual-limited-liability-company\/\">individual PT eligibility guide<\/a> covers that structure, while <a href=\"https:\/\/voffice.co.id\/blog\/en\/who-can-establish-a-pt-in-indonesia\/\">the PT founder guide<\/a> compares who may establish a company.<\/p>\n<h2>Prepare Documents for Remote Incorporation<\/h2>\n<p>BKPM&#8217;s incorporation guidance says founders who cannot sign in Indonesia may use a power of attorney. Supporting documents may need legalization or an apostille. Ask the Indonesian notary to confirm the document form before arranging signatures overseas.<\/p>\n<ol>\n<li>Identify each individual or corporate shareholder and collect identity documents.<\/li>\n<li>List the main and supporting activities, then review every KBLI and sector condition.<\/li>\n<li>Agree on share percentages, directors, commissioners, and deed signing authority.<\/li>\n<li>Check the registered address against the intended operating locations.<\/li>\n<li>Assess visa or work requirements only for people who will enter and carry out activities in Indonesia.<\/li>\n<\/ol>\n<p>A registered address may not replace a warehouse, factory, or licensed service site. The <a href=\"https:\/\/voffice.co.id\/blog\/en\/virtual-offices-for-pt-pma-guide\/\">PT PMA virtual office guide<\/a> discusses address planning. The <a href=\"https:\/\/voffice.co.id\/blog\/en\/procedure-for-establishing-a-pt-pma\/\">PT PMA establishment procedure<\/a> outlines the steps, although figures and older instructions should be checked against current official rules.<\/p>\n<p>Ask for a proposal that separates incorporation, sector permits, premises, and immigration work. That scope also clarifies what the company must arrange after it receives its NIB.<\/p>\n<div style=\"background: #a82f62; border-radius: 8px; padding: 24px; margin: 32px 0; text-align: center;\">\n<p style=\"margin: 0 0 6px 0; font-size: 18px; font-weight: bold; color: #fff; text-align: center;\">Plan Your PT PMA from Overseas<\/p>\n<p style=\"margin: 0 0 20px 0; color: #fff; font-size: 14px; text-align: center;\">Share your proposed shareholders, KBLI activities, and location for a scoped registration review.<\/p>\n<div style=\"text-align: center;\"><a style=\"background: #fff; color: #a82f62; padding: 12px 32px; border-radius: 6px; text-decoration: none; font-weight: bold; display: inline-block;\" href=\"https:\/\/investinasia.id\/services\/pma-registration\" target=\"_blank\" rel=\"noopener\">Explore PT PMA Registration Service<\/a><\/div>\n<div style=\"height: 15px;\"><\/div>\n<div style=\"text-align: center;\"><a style=\"background: #25D366; color: #fff; padding: 12px 28px; border-radius: 6px; text-decoration: none; font-weight: bold; display: inline-block;\" href=\"https:\/\/api.whatsapp.com\/send\/?phone=6281295665565&amp;text=Hello%20vOffice%2C%20I%20am%20based%20outside%20Indonesia%20and%20would%20like%20to%20discuss%20PT%20PMA%20registration%20and%20shareholder%20documents.\" target=\"_blank\" rel=\"noopener nofollow\">Discuss on WhatsApp<\/a><\/div>\n<\/div>\n<div style=\"overflow-x: auto;\">\n<section><strong>References<\/strong><\/p>\n<ol>\n<li>Directorate General of General Legal Administration. Limited Liability Company FAQ on foreign shareholders. Retrieved November 13, 2026, from<br \/>\nhttps:\/\/portal.ahu.go.id\/page\/faq\/faq-perseroan-terbatas<\/li>\n<li>Ministry of Investment and Downstream Industry\/BKPM. Ministerial Regulation No. 5 of 2025. Retrieved November 13, 2026, from<br \/>\nhttps:\/\/jdih-storage.bkpm.go.id\/jdih\/jdih\/2025Permeninvest005Eng-.pdf<\/li>\n<li>President of Indonesia. Presidential Regulation No. 10 of 2021 on Investment Business Fields, as amended by No. 49 of 2021. Retrieved November 13, 2026, from<br \/>\nhttps:\/\/jdih.bkpm.go.id\/id\/document\/peraturan-presiden-nomor-49-tahun-2021-tentang-perubahan-atas-peraturan-presiden-nomor-10-tahun-2021-tentang-bidang-usaha-penanaman-modal19300<\/li>\n<li>Indonesia Investment Promotion Center, BKPM. Licensing Process. Retrieved November 13, 2026, from<br \/>\nhttps:\/\/newyork.bkpm.go.id\/online-single-submission<\/li>\n<li>Directorate General of Immigration. Indonesian Visa Information, including investor categories. Retrieved November 13, 2026, from<br \/>\nhttps:\/\/bontang.imigrasi.go.id\/public\/layanan-publik\/kategori\/wna\/sub\/informasi-visa-republik-indonesia<\/li>\n<li>InvestinAsia.id. PT PMA Company Registration. Retrieved November 13, 2026, from<br \/>\nhttps:\/\/investinasia.id\/services\/pma-registration<\/li>\n<\/ol>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yes. A foreign individual who lives outside Indonesia may hold &hellip; <\/p>\n","protected":false},"author":1,"featured_media":12657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[815],"tags":[],"class_list":["post-12659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.4 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Can Non-Residents Own Shares in an Indonesian Company? | vOffice<\/title>\n<meta name=\"description\" content=\"Foreign non-residents can hold PT PMA shares. 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