Welcome to our Joint Venture Consultation Service! Are you considering expanding your business and increasing your profits in Kenya through a partnership or Joint venture? Look no further! Rayness Analytica has extensive experience creating and managing joint ventures, business entry, and compliance. In addition, we provide a range of consultation services, including business analysis and goal identification, partner identification and due diligence, negotiation and agreement structuring, and ongoing partnership support and management.

To ensure the success of your partnership, we can help you understand the requirements of a Joint Venture agreement in Kenya. Here are some essential requirements to keep in mind:

• Objectives: Define the purpose and scope of the joint venture, including specific business activities.
• Contributions: Specify each party’s contributions to the joint venture, including financial contributions, property, and services.
• Management: Define the management structure of the joint venture, including decision-making and dispute resolution.
• Profit and Loss: Indicate how profits and losses will be shared among the parties.
• Duration: Specify the duration of the joint venture and how it can be terminated.
• Confidentiality: Protect proprietary information shared by the parties.
• Dispute Resolution: Process for resolving disputes, such as arbitration or mediation.
• Governing Law: Laws of Kenya.
• Representations and Warranties: Ensure each party has the authority and ability to fulfil their obligations.

If you’re interested in setting up a Joint Venture in Kenya, here are some stages to keep in mind:

1. Investor proposes.
2. Drafting and signing the contract.
3. Incorporation of a Joint Venture Company (JVC).
4. Transfer of shares, assets or title to JVC.
5. Procurement of all approvals and commencement of the project.
6. Profit Sharing.

Joint ventures are increasingly popular in Kenya’s property development sector, with land owners benefiting from access to capital and technical expertise and developers overcoming high land costs and limited prime land options.

To protect your position, interests, and investment in a Joint Venture company, we encourage parties to structure and register a Special Purpose company to undertake the Joint venture Business in Kenya. For more information or clarification, please email us at rna@raynessanalytica.com.