02/09/2019
"A business partner may need an expert partner or more partners of the other business to engage in the same business of the expert partner or create the new business so-called “joint venture” for commercial, profit goal and distribution.
The joint venture business is to gather capital funds, bring experiences, existing resources such as transfer of technology, licensing, intellectual properties, technical information, manufacturing process, machines, etc. Joint venture can be made among company and company, company and juristic ordinary partnership (limited partnership), juristic ordinary partnership and juristic ordinary partnership or company and/or juristic ordinary partnership and individual person, group of person, ordinary partnership or other company. It also can be made among Thai persons and foreign persons.
The parties to joint venture agreement normally wish to stipulate the terms of the roles and responsibilities of each party to avoid any dispute to be occurred in the future and be well planned for the form of joint venture business which concerns different taxes. The legal consultation of this matter with the legal expertise should be first considered."
- Achchareeya S. Esq.
If you have any inquiry regarding this matter, please feel free to contact us, AIL, at [email protected]