ASA ADVOCATES ADVICES ON OUTBOUND INVESTMENT IN THAILAND BY INDIAN COMPANY
INCORPORATION OF JVC IN THAILAND - MANUFACTURING SECTOR One of our recent assignments were to assist an Indian Company (engaged in the power sector) to set up a JV Company in Thailand. The mandate given to us by the client was clear : An end-to end legal assistance and advisory in setting up the JV Company (Privately held) in Thailand (with main object of setting up a manufacturing plant) which included drafting of the JV Agreement, appointing local counsel and coordinating with bankers and auditors involved in the process. The JVC has been recently incorporated and now fully functional in Thailand. The JVC would have a 70% shareholding by the Indian Company and the rest 30% would be held by a Thai national. The challenges were many from working out the best investment strategy to finalizing the JV Agreement and assisting in incorporating the JVC in Thailand. This Article is intended to provide an overview of investment in Thailand. So let’s get started. ...