Discusses the legal requirements/options for joint venture/licensing in this market.

Existing legislation permits joint ventures, mixed ownership investment, and foreign and domestic investment. In the most common joint venture scheme, a foreign company provides capital, equipment, and merchandise, while the local company provides buildings, warehouses, office space, personnel, and distribution channels. U.S. firms considering such ventures should review the viability of potential local partners. Information about licenses, permits and authorizations, sectors, requirements, and application procedures can be found at the National Licensing Center.

 

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