Joint Ventures Company
A joint venture is the best way to operate in UAE if you’d like to work with a UAE-based Company. If you need complementary services or technologies, or have specific projects to execute, a joint venture is likely to be the best way to grow.
A Joint Venture is a type of company where two or more partners agree by contract to share the profits or losses of one or more commercial enterprises, which will be carried on in the name of one of the partners. Contract of Joint Ventures may be written or oral and not required to be notarised.
Silent Features of Joint Ventures
- The local equity participation in the joint venture must be at least 51%.
- Profit and loss distribution can be mutually agreed upon.
- There is no need to license the joint venture or publish the agreement.
- In practice of joint ventures are seen as offering a suitable structure for companies who are working together on specific projects.