Business
PT companies under the 2007 Law, with the Positive Investment List
The Company Law of 2007 governs limited liability companies (PT). Foreign investment uses the PT PMA form, and sectoral openness is now set by the 2021 Positive Investment List, which replaced the old Negative List and opened most sectors. Licensing runs through the OSS (Online Single Submission) risk-based system.
Governing law
- Law No. 40 of 2007 on Limited Liability Companies — Company law; amended by Job Creation.
- Presidential Regulation No. 10 of 2021 — Positive Investment List, as amended by PR 49/2021.
In practice
A PT requires at least two shareholders, one director and one commissioner. PT PMA has a minimum investment plan value above IDR 10 billion per business line, excluding land and buildings. The 2021 Positive Investment List sets foreign ownership caps; most sectors are now fully open. Licensing is obtained through the OSS system with risk-based requirements. The IDR 10 billion investment plan threshold applies per KBLI business line and per location — multi-line plans multiply the requirement. The Job Creation Law also created a single-shareholder micro PT form, which is not available to foreign investors.