How To Do Join Venture In Thailand ?

[qrtech]

Hi..recently got few company want to join venture with me to do some project, but i not very clear "join venture" business model, can anybody explain more detail for me ? thanks

[toptuan]

Step 1: Know the term - Joint-venture. That will help you Google it for more information and research.

Example

At the www.Google.com web-site, type in:

"joint-venture" explained

(all three words, using quotation marks on first compound word).

Read the first article. Very good. I think it's what you're looking for. Joint ventures in Thailand are pretty standard, keeping in mind that the Thai-side of the organization needs to own/control 51% or more of the company. Registering your joint-venture company is simple and cheap, can be done locally in any mid-sized town or larger, and can be done without the assistance of agencies or lawyers. Takes about 3k-5k baht, and an hour of your time.

Edited July 16, 2008 by toptuan

[qrtech]

A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.

The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.

my quesiton, how many max % the foreign company can hold ? and what is the process ?

[qrtech]

join venture has not yet been recognized as a legal entity under the Civil and Commercial Code. However, income from the joint venture is subject to corporate taxation under the Revenue Code, which classifies it as a single entity.

confuse in this ......

[bkkjames]

join venture has not yet been recognized as a legal entity under the Civil and Commercial Code. However, income from the joint venture is subject to corporate taxation under the Revenue Code, which classifies it as a single entity.

confuse in this ......

If you come on TV looking for legal advice, remind me not to join in your Join (T) venture. Present company excluded, TV doesn't really attract the intellectual types.

[Gravelrash]

TV does in fact attract all types.

Joint venture suggests two or more parties jointly establishing a business and jointly sharing the profits. You probably wont have any trouble with the former, however, it has been known that the joint venture partner decides to partake in all the profit.

That can be because what made them attractive to begin with being wealthy and well connected, also means that they can pretty much do whatever they want to you. Or as a minority shareholder you simply get out voted when it comes to whom all those super bonuses will be paid to, namely everyone but you.

It is of course doable, but be really careful.