TikTok will take a controlling 75.01 per cent stake in Tokopedia, an ecommerce unit of Jakarta-listed technology group GoTo, GoTo told investors on Monday in a letter seen by the Financial Times The Investment Coordinating Board in Indonesia ( BKPM) specifies the minimum capital requirements for a PT PMA to be IDR 10 billion, depending on the industry foreigners invest in. This minimum capital amount is just a rough plan and will be invested per the company's proposed investment plan over three years. In general, the minimum capital A local PT (perseroan terbatas) is a limited liability company that is fully owned by Indonesian individuals (or Indonesian companies), thus foreigners cannot own a stake in this type of company (not even the smallest stake).Therefore, because the shareholders are Indonesian, it is also a much easier process to establish a PT than to register a PT PMA (as the local PT is subject to much less All limited liability companies in Indonesia start with the word "PT" which stands for Perseroan Terbatas (meaning Limited Liability Company). "PT" does not count as a word for the company name and hence does not affect the word count requirement. PT GoTo Gojek Tokopedia Tbk, trading as GoTo, is an Indonesian technology company.The company was formed in 2021 in a merger — the largest in the country at that time between Indonesia's two most valuable startups, ride-hailing giant Gojek and e-commerce firm Tokopedia.. GoTo is the most valuable startup in Indonesia and contributes to about 2% of the country's GDP. A limited liability company, also called "PT," is the most popular and most widely used form of business entity in Indonesia for carrying out business activities in various fields. In addition to having a clear legal basis as provided for in law No. 40 Year 2007 on limited liability company, PT is considered the only option for foreign RYfdlJM.

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