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A joint venture is a strategic business arrangement or collaboration between two or more parties, where these parties agree to share their expertise, experience, and resources to accomplish a common business activity, goal, or project. In Malaysia, the company to enter a Joint Venture should be SDN. BHD. (Pvt. Ltd) & should have a paid-up capital of at least RM 350,000 to RM 500,000. But if foreign parties involved for licenses and other processes we suggest our clients to do company with a minimum authorized capital of RM 1 million. Joint ventures in Malaysia can also be set up as partnerships between locals & foreigners, in which the purpose will also be a common business goal.
In a simple word we can tell, if you don't have enough capital or money to start a medium or big scale business, don't have jurisdiction to run a business alone in a foreign land, don't have enough management support or time for management, you can join with other businessmen, investor, companies or local partners to gather enough money, capital, management aid, legal business aid, legal policy support to start the business. Famous electric device brand SONY ERICSSON is one of the best example for the Joint Venture business.
Types of Joint Ventures
1. Incorporated Joint Venture
2. Unincorporated Joint Venture
The Joint Venture Agreement
A joint venture agreement is a definitive agreement that establishes the joint venture between the parties to the intended joint venture. A joint venture agreement should outline the contributions, expectations, obligations, rights, and duties and responsibilities of all relevant parties to the intended joint venture.
Factors to Consider Before Entering a Joint Venture
There are many factors for parties to consider before entering a joint venture. Usually business advisors like - Lim & Ani Associates do ensure this sort of issues & risk factors as legal business advisors in Malaysia:
Parties should consider appointing a legal professional to conduct preliminary due diligence on parties to an intended joint venture to avoid the possibility of future setbacks. This essentially minimizes future risks and promotes transparency between all parties to the joint venture, which services are also a specialty for us - Lim & Ani Associates Sdn Bhd Malaysia.
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Joint Venture in Malaysian Markets
A common use of JV is to partner up with an individual or group of local or foreign businessmen to enter a foreign market. Businessmen who want to invest & start a business in new countries can usefully enter into a JV agreement to make secure, stable investment & get local management facilities, business security with local businessmen or companies. If you don't have enough experience in business, then having experienced partners can boost up your business & profit more. Where in a business ranked country like Malaysia it has a better opportunity if done by legal & experienced experts.
In the last few years we have successfully launched, consulted & did the setup for many Joint Venture businesses for our clients, which are very profitable such as; stores, automobile (car wash/car rental), factories, agro firming, restaurants & export-import trading. We are experienced enough practically to register & se-tup a better Joint Venture business for you in Malaysia with local businessmen & entrepreneurs to make it safe, secure, bigger & better.
We are solving all issues of Joint Venture in Malaysia, such as finding trustworthy partners, incorporate companies to make JV, finding suitable business, legal JV agreement, fund management, lawyer services, risk management, insurance services, share distribution, banking, audit & taxation, etc. We are providing premium services by implementing FDI (Foreign Direct Investment) process & facilities in Joint Venture to make business & investment in Malaysia more easy & profitable.
Usually it's possible to start Joint Venture in small business also, you can start JV by normal or equity shares of minimum RM 50,000 to RM 100,000 to above. Where ROI & profit can be shared 50/50 or as per share portion. We are also giving JV partnership supports to the foreign clients, being their working local management partners to ensure secure business in Malaysia for our clients.
As No. 1 business & investment friendly country in the world 2019 (CEOworld magazine) Malaysia is the best option to start your Joint Venture in planned & secure investment. Our advisors are always here in Malaysia to support, consult & plan for you.
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