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Term: PT (Perseroan Terbatas)

17 Aug 2014

Definition of ‘PT (Perseroan Terbatas)’

An acronym for Perseroan Terbatas, which is Limited Liability Company in Indonesia. “Limited liability” means that if the company becomes insolvent or goes into debt, its investors are only liable for the original amount they invested in it.

Investopedia explains ‘PT (Perseroan Terbatas)’

All companies in Indonesia that have direct foreign investment must take the form of PT.

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