A joint venture is a common type of business operation in Thailand whereby a single operator does not need to have all know-how and tools to work on a project but can work with a partner(s) to have all necessary know-how and tools to complete the project. There are two types of joint venture that is suitable in different situations depending on the nature and requirement of the project and/or the investor. We summarized below the key differences between those two types of the joint venture and hope our summary may be of your interest.
Each investor should consider the above carefully as to which type of joint venture would be suitable because each joint venture type has different pros and cons as preliminary explained above.
