There may be various reasons why it may not be beneficial for some companies to outsource their jobs to a third party service provider.
- Your company could either be working with highly sensitive information or a process that is very sensitive that may require more operational control than other companies and also require better quality assurance. Taking this into consideration it may be very risky to outsource such sensitive jobs to a third party service provider. There may also be a clause in your contract with your client stating that you are not allowed to subcontract or outsource your work.
- Another reason may be that you need to have complete ownership of the offshore component. Companies that have to work towards an IPO or an M&A and want to maximize the company’s value may come under this category. It will always be more valuable for your company to own an offshore operation rather than have a service agreement with the service provider.
A joint venture is a simple yet effective way of combatting both the above challenges. It is a very simple concept to understand, our company AM Infoweb will create an offshore entity that will be exclusively for your company and you will own the larger portion of the entity. By choosing the joint venture delivery model your company will have the controlling power of the local resources as well as the expertise that AM Infoweb helps to build and start running quickly and much more effectively without you having to face any of the growing pains that are associated with trying to start up your own operation. A joint venture is a long term commitment that you will be making with us and thus would need you to be sure that you want this. If you are unsure about the same you can always choose another kind of delivery model.
Why Are We The Best?
We have professional and well trained team that can efficiently provide you with any reports that you need in a well organised and in a manner that is easy to understand.
We can proudly say that we do not make our customers wait. We are able to respond to our clients requests or inquiries within 24 hours of them reaching out to us.
Our turn around time is the best in class. We work very well under pressure and can complete the process off retrieving your records in a timely manner.
By choosing a joint venture you will have majority ownership of the operation and this can be written up as an asset in your company and hence will give you the control and ownership that was necessary to meet your client’s demands.
There are various risks that are associated with the starting up of a corporation in an unfamiliar offshore location. By choosing to partner with a local company like ours you will get the knowledge that we have about the area from our years of working here and also reduce the amount of risk that you will be taking to open your operations in this area.
Another major benefit of opening a joint venture with us will be the amount of money that you will save as we will be able to leverage our assets and scale your operation as per your requirements at a much lower cost.
The last and maybe the most important advantage of choosing a joint venture delivery model is that the amount of time that you will need to come into market is reduced by up to 60% as you will not need to spend the approximate 6–9 months trying to establish your company on your own.
Set Up Process
Before the start of a joint venture between two parties it is very important that a deal structure is set between them. The deal structure for a joint venture is fairly complicated as it includes the launch of a new corporate entity into the offshore location and that will lead to many legal terms that both the joint venture partners have to work out between themselves.
Here are the steps that constitute the setting up of the joint venture.