{"id":27567889,"date":"2026-10-28T04:38:00","date_gmt":"2026-10-28T04:38:00","guid":{"rendered":"https:\/\/ezpzindonesia.com\/?p=27567889"},"modified":"2026-10-29T06:22:31","modified_gmt":"2026-10-29T06:22:31","slug":"acquire-indonesian-company-vs-new-pt-pma","status":"publish","type":"post","link":"https:\/\/ezpzindonesia.com\/hi\/acquire-indonesian-company-vs-new-pt-pma\/","title":{"rendered":"Buy or Build: Acquiring an Existing Indonesian Company vs Establishing a New PT PMA"},"content":{"rendered":"\n<div id=\"direct-answer\" class=\"direct-answer\" style=\"border-left:5px solid #3858e9;background:#f3f6ff;padding:16px 20px;margin:0 0 24px;border-radius:6px;font-size:17px;line-height:1.6;\">\n  <p style=\"margin:0 0 6px;font-weight:700;color:#3858e9;text-transform:uppercase;font-size:13px;letter-spacing:.5px;\">Direct Answer<\/p>\n  <p class=\"direct-answer-text\" style=\"margin:0;\">Buy an existing Indonesian company when you need speed, an operating team, or licenses that are hard to get. Build a new PT PMA when you want a clean start, full control, and no hidden liabilities. Either way, the company ends up as a PT PMA. A new PT PMA needs at least IDR 2.5 billion in paid-up capital and an investment plan above IDR 10 billion per business activity. An acquisition adds due diligence, shareholder approvals and a possible conversion to PT PMA status.<\/p>\n<\/div>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"WebPage\",\n  \"name\": \"Buy or Build: Acquiring an Existing Indonesian Company vs Establishing a New PT PMA\",\n  \"description\": \"Buy an existing Indonesian company when you need speed, an operating team, or licenses that are hard to get. Build a new PT PMA when you want a clean start, full control, and no hidden liabilities. Either way, the company ends up as a PT PMA. A new PT PMA needs at least IDR 2.5 billion in paid-up capital and an investment plan above IDR 10 billion per business activity. An acquisition adds due diligence, shareholder approvals and a possible conversion to PT PMA status.\",\n  \"publisher\": {\n    \"@type\": \"Organization\",\n    \"name\": \"EZPZ Indonesia\",\n    \"url\": \"https:\/\/ezpzindonesia.com\/\"\n  },\n  \"mainEntity\": {\n    \"@type\": \"Article\",\n    \"headline\": \"Buy or Build: Acquiring an Existing Indonesian Company vs Establishing a New PT PMA\",\n    \"abstract\": \"Buy an existing Indonesian company when you need speed, an operating team, or licenses that are hard to get. Build a new PT PMA when you want a clean start, full control, and no hidden liabilities. Either way, the company ends up as a PT PMA. A new PT PMA needs at least IDR 2.5 billion in paid-up capital and an investment plan above IDR 10 billion per business activity. An acquisition adds due diligence, shareholder approvals and a possible conversion to PT PMA status.\",\n    \"author\": {\n      \"@type\": \"Organization\",\n      \"name\": \"EZPZ Indonesia\"\n    }\n  },\n  \"speakable\": {\n    \"@type\": \"SpeakableSpecification\",\n    \"cssSelector\": [\"#direct-answer .direct-answer-text\"]\n  }\n}\n<\/script>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"key-takeaways\" class=\"key-takeaways\" style=\"border:1px solid #d5dcf5;border-top:5px solid #3858e9;background:#ffffff;padding:18px 22px;margin:0 0 24px;border-radius:6px;font-size:16px;line-height:1.6;\">\n  <p style=\"margin:0 0 10px;font-weight:700;color:#3858e9;text-transform:uppercase;font-size:13px;letter-spacing:.5px;\">Key Takeaways<\/p>\n  <ol style=\"margin:0;padding-left:22px;\">\n    <li style=\"margin-bottom:8px;\">Both routes end with a foreign-owned PT PMA. The real choice is between inheriting a company or creating one.<\/li>\n    <li style=\"margin-bottom:8px;\">A new PT PMA gives a clean legal and tax history. You choose the business activities, the capital and the team from day one.<\/li>\n    <li style=\"margin-bottom:8px;\">An existing company can save time, because it may already hold a license (NIB), contracts, staff and a track record. It can also hide debts, tax gaps or missing records.<\/li>\n    <li style=\"margin-bottom:8px;\">Due diligence is the most important step in a purchase. Check ownership, licenses, taxes, labor files and land titles before you sign.<\/li>\n    <li style=\"margin-bottom:0;\">Check that your business activity (KBLI code) is open to foreign ownership before you pick either route.<\/li>\n  <\/ol>\n<\/div>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"ItemList\",\n  \"@id\": \"#key-takeaways-list\",\n  \"name\": \"Key Takeaways: Buying an Existing Company vs Setting Up a New PT PMA in Indonesia\",\n  \"description\": \"Key points on choosing between acquiring an existing company and creating a new foreign-owned PT PMA in Indonesia, including benefits, risks, due diligence, and KBLI checks.\",\n  \"itemListOrder\": \"https:\/\/schema.org\/ItemListOrderAscending\",\n  \"numberOfItems\": 5,\n  \"itemListElement\": [\n    {\n      \"@type\": \"ListItem\",\n      \"position\": 1,\n      \"name\": \"Both routes end with a PT PMA\",\n      \"description\": \"Both routes end with a foreign-owned PT PMA. The real choice is between inheriting a company or creating one.\"\n    },\n    {\n      \"@type\": \"ListItem\",\n      \"position\": 2,\n      \"name\": \"Benefits of a new PT PMA\",\n      \"description\": \"A new PT PMA gives a clean legal and tax history. You choose the business activities, the capital and the team from day one.\"\n    },\n    {\n      \"@type\": \"ListItem\",\n      \"position\": 3,\n      \"name\": \"Pros and risks of an existing company\",\n      \"description\": \"An existing company can save time, because it may already hold a license (NIB), contracts, staff and a track record. It can also hide debts, tax gaps or missing records.\"\n    },\n    {\n      \"@type\": \"ListItem\",\n      \"position\": 4,\n      \"name\": \"Due diligence before purchase\",\n      \"description\": \"Due diligence is the most important step in a purchase. Check ownership, licenses, taxes, labor files and land titles before you sign.\"\n    },\n    {\n      \"@type\": \"ListItem\",\n      \"position\": 5,\n      \"name\": \"KBLI check for foreign ownership\",\n      \"description\": \"Check that your business activity (KBLI code) is open to foreign ownership before you pick either route.\"\n    }\n  ]\n}\n<\/script>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Introduction: Two Roads Into Indonesia<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Indonesia is Southeast Asia&#8217;s largest economy. For Vietnamese investors, it offers a large consumer base and growing supply chains. Once you decide to enter, one question comes first: should you buy a company that already exists, or set up a new one?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This guide compares both paths in plain terms. It explains the legal steps, the costs, the risks and the situations where each option makes sense. For a wider view of entity types, see our guide to <a href=\"https:\/\/ezpzindonesia.com\/foreign-company-registration-options-in-indonesia\/\">foreign company registration options in Indonesia<\/a>.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Each Path Means<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Building: a new PT PMA<\/strong><\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">A PT PMA (Perseroan Terbatas Penanaman Modal Asing) is a limited liability company with foreign shareholders. It is the main way for foreigners to run a business and earn revenue in Indonesia. You create it from scratch: choose a name, sign the deed of establishment, register with the Ministry of Law, and apply for a business ID through the OSS system. You can compare it with other forms in our overview of <a href=\"https:\/\/ezpzindonesia.com\/business-structures-foreign-investment-indonesia\/\">business structures for foreign investment in Indonesia<\/a>.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Buying: an existing company<\/strong><\/h3>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Most acquisitions are share deals. You buy the shares of a company that already exists. The company stays the same legal entity, so its licenses, contracts, staff and debts stay with it. A second option is an asset deal, where you buy only selected assets and leave most liabilities behind. Asset deals are cleaner, but licenses and contracts often do not transfer with the assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the target is a local PT owned by Indonesians, it must become a PT PMA once a foreign party buys shares. That means updating the articles of association, the OSS data and the investment records. Ask your adviser to confirm the exact steps for your deal.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Build vs Buy: Side-by-Side View<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"ezpz-compare\" role=\"region\" aria-labelledby=\"ezpz-compare-title\">\n<style>\n.ezpz-compare{\n  --ezpz-primary:#0B3B66;   \/* brand navy \u2013 REPLACE if needed *\/\n  --ezpz-accent:#F26B21;    \/* brand orange \u2013 REPLACE if needed *\/\n  --ezpz-light:#F3F7FB;\n  --ezpz-text:#1F2937;\n  --ezpz-border:#D9E2EC;\n  position:relative;\n  font-family:Inter,\"Segoe UI\",Arial,sans-serif;\n  color:var(--ezpz-text);\n  margin:24px 0;\n}\n.ezpz-compare *{box-sizing:border-box}\n.ezpz-compare h3{margin:0 0 12px;font-size:1.15rem;line-height:1.35;color:var(--ezpz-primary)}\n.ezpz-compare .ezpz-caption{position:absolute;left:-9999px}\n\n\/* ===== Desktop \/ tablet ===== *\/\n.ezpz-compare table.ezpz-table{\n  width:100%;margin:0;border-collapse:separate;border-spacing:0;\n  border:1px solid var(--ezpz-border);border-radius:12px;overflow:hidden;\n  font-size:.95rem;line-height:1.5;background:#fff;\n  box-shadow:0 2px 8px rgba(11,59,102,.08);\n}\n.ezpz-compare table.ezpz-table thead th{\n  background:var(--ezpz-primary);color:#fff;text-align:left;\n  padding:14px 16px;font-weight:700;border:0;border-bottom:3px solid var(--ezpz-accent);\n}\n.ezpz-compare table.ezpz-table tbody th,\n.ezpz-compare table.ezpz-table tbody td{\n  padding:14px 16px;text-align:left;vertical-align:top;\n  background:#fff;border:0;border-top:1px solid var(--ezpz-border);\n}\n.ezpz-compare table.ezpz-table tbody tr:first-child > *{border-top:0}\n.ezpz-compare table.ezpz-table tbody th{width:18%;font-weight:700;color:var(--ezpz-primary)}\n.ezpz-compare table.ezpz-table tbody td{width:41%;border-left:1px solid var(--ezpz-border);color:var(--ezpz-text)}\n.ezpz-compare table.ezpz-table tbody tr:nth-child(even) > th,\n.ezpz-compare table.ezpz-table tbody tr:nth-child(even) > td{background:var(--ezpz-light)}\n\n\/* ===== Mobile cards ===== *\/\n@media (max-width:640px){\n  .ezpz-compare table.ezpz-table,\n  .ezpz-compare table.ezpz-table tbody,\n  .ezpz-compare table.ezpz-table tbody tr,\n  .ezpz-compare table.ezpz-table tbody th,\n  .ezpz-compare table.ezpz-table tbody td{\n    display:block;width:100%;max-width:100%;\n  }\n  .ezpz-compare table.ezpz-table{\n    border:0;border-radius:0;box-shadow:none;background:transparent;overflow:visible;\n  }\n  .ezpz-compare table.ezpz-table thead{\n    position:absolute;width:1px;height:1px;overflow:hidden;clip:rect(0 0 0 0);\n  }\n  .ezpz-compare table.ezpz-table tbody tr,\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(even),\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(odd){\n    margin:0 0 14px;border:1px solid var(--ezpz-border);border-radius:12px;\n    overflow:hidden;background:#fff;box-shadow:0 2px 8px rgba(11,59,102,.08);\n  }\n  \/* Card title: same navy + white on EVERY card (odd and even) *\/\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(odd) > th,\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(even) > th{\n    background:var(--ezpz-primary);color:#fff;\n    padding:12px 16px;font-size:1rem;border:0;\n    border-bottom:3px solid var(--ezpz-accent);\n  }\n  \/* Answers *\/\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(odd) > td,\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(even) > td{\n    background:#fff;color:var(--ezpz-text);padding:12px 16px;border:0;\n    overflow-wrap:break-word;word-break:normal;\n  }\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(odd) > td + td,\n  .ezpz-compare table.ezpz-table tbody tr:nth-child(even) > td + td{\n    border-top:1px dashed var(--ezpz-border);background:var(--ezpz-light);\n  }\n  .ezpz-compare table.ezpz-table tbody td::before{\n    content:attr(data-label);display:block;margin-bottom:4px;\n    font-size:.72rem;font-weight:700;line-height:1.3;\n    text-transform:uppercase;letter-spacing:.05em;color:var(--ezpz-accent);\n  }\n}\n<\/style>\n\n<h3 id=\"ezpz-compare-title\">New PT PMA vs Acquiring an Existing Company in Indonesia<\/h3>\n\n<table class=\"ezpz-table\">\n  <caption class=\"ezpz-caption\">Comparison of setting up a new PT PMA and acquiring an existing company in Indonesia<\/caption>\n  <thead>\n    <tr>\n      <th scope=\"col\">Factor<\/th>\n      <th scope=\"col\">New PT PMA<\/th>\n      <th scope=\"col\">Acquire existing company<\/th>\n    <\/tr>\n  <\/thead>\n  <tbody>\n    <tr>\n      <th scope=\"row\">Legal history<\/th>\n      <td data-label=\"New PT PMA\">Clean, no past liabilities<\/td>\n      <td data-label=\"Acquire existing company\">Inherits debts, disputes and past tax issues in a share deal<\/td>\n    <\/tr>\n    <tr>\n      <th scope=\"row\">Speed to start<\/th>\n      <td data-label=\"New PT PMA\">Can take about two weeks to register with professional help<\/td>\n      <td data-label=\"Acquire existing company\">Deal talks, due diligence and approvals can take longer, but operations may start sooner<\/td>\n    <\/tr>\n    <tr>\n      <th scope=\"row\">Licenses<\/th>\n      <td data-label=\"New PT PMA\">Applied for new through OSS<\/td>\n      <td data-label=\"Acquire existing company\">May already exist, but must match the business and be valid<\/td>\n    <\/tr>\n    <tr>\n      <th scope=\"row\">Staff and customers<\/th>\n      <td data-label=\"New PT PMA\">Built from zero<\/td>\n      <td data-label=\"Acquire existing company\">May come with the business<\/td>\n    <\/tr>\n    <tr>\n      <th scope=\"row\">Capital<\/th>\n      <td data-label=\"New PT PMA\">IDR 2.5 billion paid-up; investment plan above IDR 10 billion per activity<\/td>\n      <td data-label=\"Acquire existing company\">Purchase price plus conversion costs; PT PMA capital rules still apply<\/td>\n    <\/tr>\n    <tr>\n      <th scope=\"row\">Control<\/th>\n      <td data-label=\"New PT PMA\">Full control of structure and activities<\/td>\n      <td data-label=\"Acquire existing company\">Depends on the deal and the seller&#8217;s agreements<\/td>\n    <\/tr>\n    <tr>\n      <th scope=\"row\">Main risk<\/th>\n      <td data-label=\"New PT PMA\">Slow ramp-up<\/td>\n      <td data-label=\"Acquire existing company\">Hidden liabilities and poor records<\/td>\n    <\/tr>\n  <\/tbody>\n<\/table>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"Table\",\n  \"name\": \"New PT PMA vs Acquiring an Existing Company in Indonesia\",\n  \"description\": \"Comparison of setting up a new PT PMA and acquiring an existing company in Indonesia across legal history, speed, licenses, staff and customers, capital, control and main risk.\",\n  \"about\": [\n    {\"@type\": \"Thing\", \"name\": \"PT PMA (foreign-owned limited 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The total investment plan must still be above IDR 10 billion, not counting land and buildings. This is usually assessed per five-digit business code and per project location, and some sectors use broader groupings. Some sectors also need more capital.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These rules matter for buyers too. Even if you buy a small local company, the PT PMA investment and capital rules still apply after conversion. Do not assume a cheap purchase price means a cheap entry. Our guide to <a href=\"https:\/\/ezpzindonesia.com\/what-is-kbli-in-indonesia\/\">KBLI business codes<\/a> explains why the number of activities changes your investment amount.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>When Buying Makes Sense<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You need to start selling fast, and the target has staff, customers and a working license.<\/li>\n\n\n\n<li>The target holds a permit that is slow or hard to obtain.<\/li>\n\n\n\n<li>You want an existing brand, supplier network or distribution channel.<\/li>\n\n\n\n<li>You plan to enter a market where local relationships decide success.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Buying works best when the target is small, its records are clean and the seller is willing to give strong warranties. Still, check that its activities are open to foreign ownership under the Positive Investment List.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>When Building Makes Sense<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You want a clean structure with no past liabilities.<\/li>\n\n\n\n<li>Your business model is new, and no good target exists.<\/li>\n\n\n\n<li>You need to pick your own activities, location and team.<\/li>\n\n\n\n<li>You want to avoid disputes with sellers or minority shareholders.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Building is also simpler to plan. The steps are known: name approval, deed, tax ID, OSS registration and a bank account. See our <a href=\"https:\/\/ezpzindonesia.com\/register-your-company-in-indonesia-in-just-14-days\/\">14-day company registration guide<\/a> for the process, and our guide on <a href=\"https:\/\/ezpzindonesia.com\/how-to-open-a-corporate-bank-account-in-indonesia-a-complete-guide-for-businesses-pt-pma\/\">opening a corporate bank account for a PT PMA<\/a> for the step that follows.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How an Acquisition Works<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">A typical purchase follows these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Sign a letter of intent or MoU with exclusivity and confidentiality terms.<\/li>\n\n\n\n<li>Run legal, tax and financial due diligence on the target.<\/li>\n\n\n\n<li>Negotiate and sign the share purchase agreement, with warranties and price protections.<\/li>\n\n\n\n<li>Obtain shareholder approval at a General Meeting of Shareholders (RUPS) and any needed third-party consents.<\/li>\n\n\n\n<li>Sign the notarial deed of share transfer and register the changes with the Ministry of Law.<\/li>\n\n\n\n<li>Update OSS, tax and beneficial ownership records, and convert to PT PMA status if needed.<\/li>\n\n\n\n<li>Check whether the deal must be notified to the competition authority (KPPU) if size thresholds are met.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Advisers report that a conversion can take roughly 25 to 40 working days across BKPM, Ministry of Law and OSS steps, though timing varies by case. Always confirm current timelines with your adviser.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Due Diligence: Where Deals Fail<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Records in many Indonesian companies are thin. Some do not keep a proper share register, even though the law requires one. That is why checks must go beyond what the seller shows you.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Legal: deed, articles, ownership chain, share register and board appointments.<\/li>\n\n\n\n<li>Licenses: whether the NIB and KBLI codes match what the company really does. Our guides on the [NIB](https:\/\/ezpzindonesia.com\/what-is-nib-in-indonesia\/) and [business licenses and permits](https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/) show what valid papers look like.<\/li>\n\n\n\n<li>Tax and finance: filings, unpaid taxes, bank loans and related-party deals.<\/li>\n\n\n\n<li>People: employment contracts, social security (BPJS), and any expatriate permits.<\/li>\n\n\n\n<li>Assets: land titles, liens and contracts with change-of-control clauses.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Use the findings to lower the price, hold back part of the payment, or require the seller to fix problems before closing.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Governance After Closing<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">After you own the shares, you must set up the board. Every PT needs at least one director and one commissioner, and a PT PMA needs at least two shareholders. At least one director must live in Indonesia. Our guide to the <a href=\"https:\/\/ezpzindonesia.com\/the-role-of-commissioners-and-directors-in-an-indonesian-company\/\">roles of directors and commissioners<\/a> explains who does what. In an acquisition, you may need to replace board members at a shareholder meeting.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"https:\/\/schema.org\",\r\n  \"@type\": \"HowTo\",\r\n  \"@id\": \"https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/#howto-oss\",\r\n  \"name\": \"How to Get Business Licenses in Indonesia via OSS\",\r\n  \"description\": \"A simple, step-by-step way to apply for your business license in Indonesia using the OSS (Online Single Submission) system and obtain your NIB.\",\r\n  \"inLanguage\": \"en\",\r\n  \"mainEntityOfPage\": \"https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/\",\r\n  \"tool\": [\r\n    {\r\n      \"@type\": \"HowToTool\",\r\n      \"name\": \"OSS (Online Single Submission) account\",\r\n      \"url\": \"https:\/\/oss.go.id\/en\"\r\n    }\r\n  ],\r\n  \"supply\": [\r\n    { \"@type\": \"HowToSupply\", \"name\": \"National ID number (Indonesian applicants) or passport number (foreign applicants)\" },\r\n    { \"@type\": \"HowToSupply\", \"name\": \"Tax identification number (NPWP)\" },\r\n    { \"@type\": \"HowToSupply\", \"name\": \"KBLI code for your business activity\" }\r\n  ],\r\n  \"step\": [\r\n    {\r\n      \"@type\": \"HowToStep\",\r\n      \"position\": 1,\r\n      \"name\": \"Access the OSS System\",\r\n      \"url\": \"https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/#step-1\",\r\n      \"text\": \"Go to the official OSS website and create an account. Indonesian applicants use their national ID number, while foreign applicants typically use their passport number to register.\"\r\n    },\r\n    {\r\n      \"@type\": \"HowToStep\",\r\n      \"position\": 2,\r\n      \"name\": \"Apply and Obtain an NIB\",\r\n      \"url\": \"https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/#step-2\",\r\n      \"text\": \"Once your account is set up, choose your business's legal structure, enter your business activity and KBLI code, and submit the required details. The system uses this information to assign your risk level and issue your NIB.\"\r\n    },\r\n    {\r\n      \"@type\": \"HowToStep\",\r\n      \"position\": 3,\r\n      \"name\": \"Prepare your details as an individual\",\r\n      \"url\": \"https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/#step-3\",\r\n      \"text\": \"If you are applying as an individual, provide your name, ID or passport number, business activity, address, planned investment amount, and tax identification number.\"\r\n    },\r\n    {\r\n      \"@type\": \"HowToStep\",\r\n      \"position\": 4,\r\n      \"name\": \"Prepare your details as a company (non-individual)\",\r\n      \"url\": \"https:\/\/ezpzindonesia.com\/business-licenses-permits-indonesia\/#step-4\",\r\n      \"text\": \"If you are applying as a company, such as a PT or a foreign-owned PT PMA, provide your deed of establishment, Ministry of Law approval, business activity, the company's tax identification number, and details about planned investment and workforce. If you have not yet decided on your company structure, compare the foreign company registration options in Indonesia first.\"\r\n    }\r\n  ]\r\n}\r\n<\/script>\n\n\n\n<section style=\"max-width:720px;margin:28px auto;padding:28px 28px 28px 32px;border-radius:16px;background:linear-gradient(135deg,#0b1f5c 0%,#1d4ed8 100%);border-left:6px solid #f5b400;box-shadow:0 8px 24px rgba(11,31,92,.25);font-family:Arial,sans-serif;line-height:1.6;color:#ffffff;\">\r\n  <span style=\"display:inline-block;margin-bottom:10px;padding:4px 12px;border-radius:999px;background:#f5b400;color:#0b1f5c !important;font-size:12px;font-weight:700;letter-spacing:.5px;\">COMPANY PROFILE<\/span>\r\n  <h2 style=\"margin:0 0 10px;font-size:26px;color:#ffffff !important;\">About EZPZ Indonesia<\/h2>\r\n  <p style=\"margin:0 0 20px;font-size:16px;color:#ffffff !important;\">EZPZ Indonesia is your one-stop solution for expats and foreign investors in Indonesia, specializing in PT PMA company setup, KITAS visa processing, and business research. Since 2021, we have helped clients navigate Indonesia&#8217;s regulations and requirements, making it easier to build and grow their businesses with confidence. Let us handle the complexities so you can focus on your success in Indonesia.<\/p>\r\n  <a href=\"https:\/\/ezpzindonesia.com\/get-a-quote\/\" style=\"display:inline-block;padding:12px 26px;background:#f5b400;color:#0b1f5c !important;font-weight:700;font-size:16px;text-decoration:none !important;border-radius:8px;box-shadow:0 4px 12px rgba(0,0,0,.25);\">Get a Free Quote \u2192<\/a>\r\n<\/section>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Plan Your Entry With Expert Help<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Both paths can work. The right one depends on your timeline, budget, sector and risk appetite. A short review of your plan can save months and avoid expensive mistakes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to choose? Book a company establishment consultation: <a href=\"https:\/\/ezpzindonesia.com\/get-a-quote\/\">Get a quote from EZPZ Indonesia<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sources and Notes<\/strong>: Regulatory points were checked against public legal guides on Indonesian M&amp;A and PT PMA capital rules, including BKPM Regulation No. 5 of 2025 and Company Law No. 40 of 2007. Rule<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<!-- EZPZ Indonesia FAQ: Buying an Indonesian Company -->\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\"@type\":\"Question\",\"name\":\"Can a foreign investor buy an Indonesian company?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, if the business activity is open to foreign investment. A local PT that receives foreign shareholders must become a PT PMA.\"}},\n    {\"@type\":\"Question\",\"name\":\"Is buying faster than setting up a new PT PMA?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not always. A new PT PMA can be registered in about two weeks with professional help. A purchase can take longer, but it may give you licenses, staff and customers on day one.\"}},\n    {\"@type\":\"Question\",\"name\":\"Do the PT PMA capital rules apply if I buy a company?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. After conversion, the company must meet PT PMA capital and investment rules, such as IDR 2.5 billion paid-up capital and an investment plan above IDR 10 billion per activity.\"}},\n    {\"@type\":\"Question\",\"name\":\"What is the biggest risk when buying a company?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hidden liabilities. These include unpaid taxes, labor claims, weak records and unclear land titles. Thorough due diligence and strong contract warranties reduce this risk.\"}},\n    {\"@type\":\"Question\",\"name\":\"Should I buy shares or assets?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A share deal keeps licenses and contracts but brings past liabilities. An asset deal lowers liability risk but may require new licenses. The right choice depends on the target and your goals.\"}}\n  ]\n}\n<\/script>\n\n<style>\n.ezpz-faq{--ezpz-primary:#0B2A4A;--ezpz-accent:#F58220;--ezpz-bg:#F5F8FC;\n  max-width:820px;margin:32px auto;font-family:inherit;color:#1f2937}\n.ezpz-faq h2{color:#2f2f2f;font-size:1.5rem;font-weight:600;line-height:1.3;\n  margin:0 0 20px;padding:0 0 6px;display:inline-block;border-bottom:3px solid var(--ezpz-accent)}\n.ezpz-faq details{background:var(--ezpz-bg);border:1px solid #dbe4ef;\n  border-left:4px solid var(--ezpz-accent);border-radius:8px;margin:0 0 12px;overflow:hidden}\n.ezpz-faq summary{cursor:pointer;list-style:none;padding:16px 48px 16px 18px;\n  font-weight:600;color:var(--ezpz-primary);position:relative;line-height:1.4}\n.ezpz-faq summary::-webkit-details-marker{display:none}\n.ezpz-faq summary::after{content:\"+\";position:absolute;right:18px;top:50%;\n  transform:translateY(-50%);font-size:1.5rem;color:var(--ezpz-accent);font-weight:700}\n.ezpz-faq details[open] summary{background:var(--ezpz-primary);color:#fff}\n.ezpz-faq details[open] summary::after{content:\"\\2212\"}\n.ezpz-faq .ezpz-answer{padding:16px 18px;background:#fff;line-height:1.65;margin:0}\n.ezpz-faq .ezpz-answer a{color:var(--ezpz-accent);font-weight:600;text-decoration:underline}\n.ezpz-faq summary:focus-visible{outline:3px solid var(--ezpz-accent);outline-offset:-3px}\n@media(max-width:600px){.ezpz-faq h2{font-size:1.3rem}.ezpz-faq summary{padding:14px 42px 14px 14px}}\n<\/style>\n\n<section class=\"ezpz-faq\" aria-labelledby=\"ezpz-faq-title\">\n  <h2 id=\"ezpz-faq-title\">Frequently Asked Questions<\/h2>\n  <details><summary>Can a foreign investor buy an Indonesian company?<\/summary>\n    <p class=\"ezpz-answer\">Yes, if the business activity is open to foreign investment. A local PT that receives foreign shareholders must become a PT PMA.<\/p><\/details>\n  <details><summary>Is buying faster than setting up a new PT PMA?<\/summary>\n    <p class=\"ezpz-answer\">Not always. A new PT PMA can be registered in about two weeks with professional help. A purchase can take longer, but it may give you licenses, staff and customers on day one.<\/p><\/details>\n  <details><summary>Do the PT PMA capital rules apply if I buy a company?<\/summary>\n    <p class=\"ezpz-answer\">Yes. After conversion, the company must meet PT PMA capital and investment rules, such as IDR 2.5 billion paid-up capital and an investment plan above IDR 10 billion per activity.<\/p><\/details>\n  <details><summary>What is the biggest risk when buying a company?<\/summary>\n    <p class=\"ezpz-answer\">Hidden liabilities. These include unpaid taxes, labor claims, weak records and unclear land titles. Thorough due diligence and strong contract warranties reduce this risk.<\/p><\/details>\n  <details><summary>Should I buy shares or assets?<\/summary>\n    <p class=\"ezpz-answer\">A share deal keeps licenses and contracts but brings past liabilities. An asset deal lowers liability risk but may require new licenses. The right choice depends on the target and your goals.<\/p><\/details>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Compare buying an existing Indonesian company with setting up a new PT PMA<\/p>","protected":false},"author":4,"featured_media":27567890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[26],"tags":[],"class_list":["post-27567889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-registration"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Compare buying an existing Indonesian company with setting up a new PT PMA. See costs, risks, timelines and when each path fits Vietnamese investors.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"EZPZ Indonesia\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/ezpzindonesia.com\/hi\/acquire-indonesian-company-vs-new-pt-pma\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.2.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"hi_IN\" \/>\n\t\t<meta property=\"og:site_name\" content=\"EZPZ Indonesia I Company Registration in Indonesia for Foreigners | Company Registration for Foreigners: Register your business in Indonesia with confidence, fast setup, and no hidden costs. Request a Quote now!\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Acquire Indonesian Company vs New PT PMA: Buy or Build?\" \/>\n\t\t<meta property=\"og:description\" content=\"Compare buying an existing Indonesian company with setting up a new PT PMA. 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