Business activities of established institutions can only be in the range of business connections, product introductions, marketing, technology exchanges and consulting services.
Normally operations of a joint venture are limited to a fixed period, from thirty to fifty years. In some cases an unlimited period of operations can be approved, especially when the transfer of advanced technology is involved.
The first step for foreign investors to take is to decide a project to undertake. Foreign investors have two options to choose from; they may chose a project proposed by enterprises or institutions across the country or they may propose investment projects by themselves.
In a cooperative venture, parties involved may operate as separate legal entities and bear liabilities independently rather than as a single entity. A cooperative venture can be registered as a limited liability entity resembling an equity joint venture in operations, structure, and status as a national legal entity.
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