Thanks all for keeping me on the straight and narrow.
Dori / Chris (Significant other I assume),
sounds like you have been and are continuing to do your research so that's great.
If you'll indulge me, I am genuinely intrigued as to why you prefer the PT-PMA route unless of course you want to legally operate a rental or resort business or do other things (none of my business) in which case kudos to you.
This is predicated on the assumption you are acquiring a place to live in.
If you enter the country on a retirement visa or the swanky new 2nd home visa ( or even a stay visa I just learned) you can acquire property in your own name under HP which confers ownership rights (identical to HGB) to you directly and not to a separate legal entity - the PMA. For the 2nd home visa you can use the property instead of the funds deposit which seems very effective.
There is no 10B paid-up capital (yupe I know there are wheezes here).
There is no company set-up costs, business plans, ongoing monthly reporting and ongoing legal costs.
No legal implications associated with being company directors signing-off legal docs in Indonesian which might come back to bite you.
There's no non-performing business sitting there generating no income though potentially reporting nice unrealised capital gains.
You aren't living rent free in a supposedly income generating commercial property (according to your business plan) owned by your company.
Most importantly, to my mind, there's no potential loophole, assuming the villa is for personal use, whereby your business licence might be revoked as there isn't actually a legit income generating business operating (if that makes sense). I assume if things went that way the asset which is owned by the separate legal entity, the company, would be seized as the company was dissolved.
I confess to being overly cynical and my scepticism is more to do with what could happen in the future, as rules and taxes evolve rather than what is happening now potentially rendering PMA for personal ownership a risky idea.
Just my thoughts