« Back to Glossary IndexJoint Venture (JV)
A joint venture (JV) is a strategic partnership between two or more businesses to collaborate on a specific project or long-term business venture. In the UAE, JVs can be formed under contractual agreements or as legal entities (LLCs, partnerships, or offshore companies) under Federal Decree-Law No. 32 of 2021 on Commercial Companies. Foreign investors entering the UAE market often establish JVs with local Emirati partners, particularly in sectors that still require UAE national ownership under certain economic activities and foreign investment laws. JVs must outline profit-sharing structures, management roles, and exit strategies to ensure smooth operations.
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