Joint Ventures Companies in Malaysia

A joint venture (JV) is a business arrangement in which two or more parties agree to cooperate in developing, managing and operating a business enterprise. In a JV, each party contributes assets, including money, property, labor or skill, and shares risks and profits. JVs are often used to finance large projects, such as the construction of a new factory or the development of a new product.

In Malaysia, joint venture companies are governed by the Companies Act 1965. Under the Act, a JV company must have at least two members, and its members must contribute to the capital of the company. The JV company must also have a common seal, and its members must agree to the terms of the JV agreement.

The JV agreement must be in writing, and must specify the terms of the JV, including the duration of the JV, the nature of the business to be conducted, the share of profits and losses, and the rights and duties of the members. The JV agreement must be registered with the Companies Commission of Malaysia.

A JV company in Malaysia has the same legal status as a regular company, and is subject to the same laws and regulations. A JV company must file annual returns and financial