Joint Venture Company in Dubai
Local party with foreign party are licensed to get involved in certain business activities on contractual accords is a concept of Joint Venture. it is good for the firms working on specific projects.
Local equity participation must be at least 51%
- Profit and loss distribution cane on mutual understanding
- There is no need to license the joint venture or publish the agreement.
- Foreign partners use the name of local partners to deal third parties unless the contract is publicised.