**To set up a PT PMA in Kura Kura Bali, you register a foreign-owned limited company (Perseroan Terbatas Penanaman Modal Asing) through Indonesia’s OSS system, secure a tenancy or partnership inside the 498-hectare zone run by PT Bali Turtle Island Development, then apply for the SEZ’s tax and customs facilities. Plan for around IDR 2.5 billion paid-up capital and an IDR 10 billion investment commitment.**
That is the short version. The longer version matters, because the rules sit at the intersection of three moving parts: national company law, the Special Economic Zone framework created by PP 23/2023 and Keppres 6/2023, and the commercial terms of the zone operator on Pulau Serangan, Denpasar. Bali Premium Trip works as an independent broker and concierge here. We coordinate vetted licensed partners — notaries, tax consultants, corporate-secretary firms — and we are not the SEZ operator (PT Bali Turtle Island Development is), nor a licensed legal, tax, or financial adviser. Everything below is a map, not advice, and the figures are accurate as reviewed in June 2026.
What exactly is a PT PMA, and why does Kura Kura change the math?
A PT PMA is the standard Indonesian vehicle for any business with foreign shareholding. It is a limited-liability company governed by the Company Law and the 2021 OSS reforms, with minimum issued-and-paid capital of around IDR 2.5 billion and an investment plan typically above IDR 10 billion excluding land and buildings. Those thresholds apply whether your office is in Canggu, Jakarta, or inside a Special Economic Zone.
What Kura Kura changes is not the company you form — it is the facility layer bolted on top. The KEK Kura Kura Bali zone was legally established by Government Regulation PP 23/2023, signed 5 April 2023, alongside Presidential Decree Keppres 6/2023. It covers 498 hectares on Serangan island, with PT Bali Turtle Island Development (BTID) as the appointed business entity. The zone targets roughly IDR 104.4 trillion of investment over about 30 years and close to 99,853 jobs at full build-out. As of Q1 2026, realised investment stood at around IDR 1.62 trillion with 2,100-plus jobs already created — early, but real.
A PT PMA that becomes a registered business entity inside the zone can apply for incentives that an ordinary Bali company cannot touch:
- Corporate income tax holidays of 10 to 20 years, scaled to the size and sector of the investment.
- VAT and luxury-goods tax (PPN/PPnBM) relief on qualifying transactions within the zone.
- Import-duty exemptions on capital goods and certain inputs brought into the SEZ.
These are the published SEZ facilities. Eligibility, caps, and qualifying-activity lists are set by the National Council for Special Economic Zones and the relevant ministries, they are date-stamped to current regulation, and they can change. No incentive is automatic simply because you rented a desk on Serangan.
How do you actually set up a PT PMA in Kura Kura Bali, step by step?
The question “how to set up a PT PMA in Kura Kura Bali” really splits into two tracks that run in parallel: the company track (identical to any Indonesian PMA) and the zone track (specific to BTID and the SEZ administrator). Here is the realistic sequence.
| Step | What happens | Typical owner |
|---|---|---|
| 1. Business-line check | Match your activity to KBLI codes and the Positive Investment List to confirm foreign-ownership %. | Tax/legal consultant |
| 2. Name & deed | Reserve the company name, draft the Articles of Association before a notary. | Notary (PPAT) |
| 3. SK Kemenkumham | Ministry of Law issues the legal-entity approval. | Notary |
| 4. NIB via OSS | Online Single Submission generates the Business Identification Number plus licences. | OSS / consultant |
| 5. Tax & VAT | Register the NPWP, elect PKP (VAT-able) status where relevant. | Tax consultant |
| 6. Zone tenancy | Secure space or a partnership inside KEK Kura Kura with BTID. | Zone operator |
| 7. SEZ entity status | Apply to the zone administrator to be recognised as a KEK business entity. | Administrator |
| 8. Facility application | File for the specific tax-holiday, VAT, and customs facilities. | Tax consultant |
Most foreign founders underestimate steps 6 to 8. You can incorporate a PMA in a few weeks; becoming a zone-resident entity with live facilities depends on commercial negotiation with BTID and on the administrator’s review. Sequencing them well — and not paying for incentives you cannot yet qualify for — is exactly where a concierge earns its keep.
What does it cost, and what capital do you really need?
Two numbers do most of the work. The first is the paid-up capital of roughly IDR 2.5 billion, which must actually be deposited and is reflected in the deed. The second is the investment plan above IDR 10 billion, which is a commitment recorded in OSS rather than cash you wire on day one. Beyond those, budget realistically for the soft costs:
- Notary and legal-entity fees for drafting and the Kemenkumham SK.
- Annual tax-compliance and corporate-secretary retainers.
- Zone tenancy, fit-out, and any service charges set commercially by BTID.
- Visa and work-permit costs for foreign directors and staff (covered below).
Bali Premium Trip quotes coordination fees per engagement and passes licensed-partner fees through transparently. We do not sell a financial product, and no one can honestly promise you a guaranteed return on a Serangan investment — anyone who does should end the conversation for you.
What about visas — Golden Visa, investor KITAS, or second-home visa?
Founders almost always ask about residency in the same breath as the company. The honest answer: your immigration route depends on your role, your capital, and which scheme you qualify for, and all of these are processed through official channels, often via licensed partners we can introduce. The common options:
| Route | Best for | Notes |
|---|---|---|
| Investor KITAS | Active shareholders and directors of the PT PMA | Tied to the company and your shareholding |
| Golden Visa | Larger investors meeting capital thresholds | 5–10 year residency tiers, threshold-based |
| Second-home visa | Passive long-stay residents | Not a work permit; savings or asset based |
Thresholds and validity periods for each are set by Indonesian immigration and change periodically, so treat any number you read — here or elsewhere — as a starting point to verify, not a promise. A KITAS lets you work in your own company; a second-home visa does not.
Is Kura Kura really becoming Bali’s financial centre?
You will see Kura Kura described in glossy terms, sometimes as “Bali’s Dubai.” Keep your feet on the ground. Minister Airlangga Hartarto has spoken of the zone being positioned toward a financial-services role, and the master plan references digital and sustainable finance. But as of June 2026 there is no licensed, operating International Financial Centre inside the zone, and Indonesia has no standalone family-office law. Treat the financial-hub story as ambition, not a current product.
What is concrete is the build-out. The investor roster includes Mitsubishi Estate (Japan), Tsao Pao Chee / TPC (Singapore), and Pegasus Capital (United States). The Grand Outlet — a Mitsubishi Estate joint venture structured around a 50:50 split — is slated to open around 2026. The sister Sanur SEZ, including the Bali International Hospital live since April 2025, shows the wider government push toward health and quality tourism that the same regulatory family supports.
So who should actually form a PT PMA here?
A PT PMA in Kura Kura suits an operator with a real, fundable plan in tourism, marine, wellness, retail, or eventually digital finance — someone who can use a 498-hectare master-planned zone, can meet the capital commitments, and values the SEZ facility stack enough to handle the extra zone-track paperwork. It is heavier than a plain Bali PMA, and the incentives only pay off at genuine scale.
If that describes you, the cleanest path is to keep the company track and the zone track moving together, lean on licensed notaries and tax consultants for the binding work, and verify every threshold against current regulation before you commit capital. Bali Premium Trip can coordinate that introduction set and walk the sequence with you — as a broker and concierge, with the final decisions resting where they belong: with you, BTID, and the Indonesian authorities.