FAQs and client reviews

Joint Venture Kenya: FAQs and client reviews

Let Joint Venture Kenya help you out with your business needs and solutions so you wouldn’t have to worry about all the logistics involved in the agreement. With our help, you can enter joint venture contracts seamlessly without any hassle about small details because we’ll be there to help guide you through. 

Know more about the process as you browse through the website and the frequently asked questions page. We hope that this section enlightens you with what you need to know. 

Frequently asked questions

  1. What does a joint venture service entail in Kenya?

This just means that Joint Venture Kenya will help your business get into joint venture agreements seamlessly. Whether it’s between two local businesses or an agreement with a leading global company, we will act as an intermediary to help you ease into the contract and uphold all the responsibilities and requirements stated in the said agreement. 

  1. Why do you need to be in a joint venture?

Most businesses often go into joint ventures to strengthen long term relationships, collaborate on short-term projects or save up overhead costs by sharing resources. If your business requires these things then it’s time to consider a joint venture agreement with another company or entity with the same goals as you. 

  1. How does a joint venture pay taxes?

Most joint ventures are their own separate business entity. This means that the parties involved pay the taxes for it outside of their taxes for their companies. The reason why it has a separate business tax is to avoid any legal issues between the parties. This also allows them to not mix up any other things that are not in the scope of the joint venture agreement. 

  1. What are the primary advantages of joint ventures in Kenya?

In businesses, you often have to invest capital for projects. One of the ways that a joint venture is advantageous is it cuts the overhead costs that might arise when the project is underway. That’s because each party offers resources and expertise for the project which is beneficial for everyone involved. 

  1. Do you need an exit strategy for joint ventures?

Exit strategies are common for partnerships to avoid any drawn-out conclusions, costly legal battles, negative impacts on customers and other financial losses that can happen. However, joint ventures have an expiration date which happens when the project is complete. 

It is not necessary to have an exit strategy for joint ventures, especially since the contract explicitly says the responsibilities and divisions for both profits and losses.

Client reviews

‘My company has completed a project with another organisation and everything went smoothly thanks to Joint Ventures Kenya. I would recommend their services to my colleagues because they know what they are doing and they can mediate properly to make the contract beneficial for both parties.’ – Conrad Jeffery

‘We didn’t think that the company needed a mediator when it came to drafting joint ventures. What we were supposed to do is to meet up with the company and come to an agreement. However, one of my employees told me about Joint Ventures Kenya and I’m happy that we’ve opted for their services. They were able to make sure that both parties are amicable with each other before drafting the contract. Aside from that, they also made sure that things went smoothly in the initial stages so we wouldn’t have a problem in the next weeks when the project is underway.’ -Piers Owens