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Consider carefully the ‘need’ for a local partner: in most activities, the government regulations allow a 100% foreign ownership. |
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You may find that you actually need a Country Manager, and not an Indian investor partner. |
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If a local partner is preferred, carry out a due diligence review, and also check the memorandum and articles of association of the proposed joint venture company thoroughly. |
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As far as possible, choose a private limited structure, which gives the most flexibility framing articles and involves fewer statutory requirements. |
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ICREON