In Bangladesh, a joint venture company is a business entity formed through collaboration between two or more parties, typically comprising both domestic and foreign investors. The Joint Venture Company (JVC) operates under the regulatory framework provided by the Companies Act, 1994, and other relevant laws and regulations. In a joint venture, each party contributes capital, resources, expertise, or technology to the partnership, sharing both risks and rewards. Joint ventures are commonly established to capitalize on the strengths and resources of each partner, facilitating entry into new markets, accessing specialized knowledge or technology, and diversifying business operations. The formation of joint venture companies in Bangladesh requires adherence to legal procedures, including obtaining necessary approvals from regulatory authorities such as the Bangladesh Investment Development Authority (BIDA). These entities play a significant role in promoting economic growth, fostering international collaborations, and enhancing competitiveness in various sectors of the Bangladeshi economy.