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Fact Sheet Kuwait 2018-01-25T10:42:00+00:00

The State of Kuwait (“Kuwait”) is a country located in Western Asia. Situated on the northern edge of Eastern Arabia at the tip of the Persian Gulf and sharing border with Iraq and Saudi Arabia. After the discovery of oil in 1938 the country underwent large-scale modernization.

The below content explains some of the main requirements for company formation in Kuwait.

Company Incorporation in Kuwait

Doing Business Introduction

Kuwait has a high-income economy backed by the world’s sixth largest oil reserves and Kuwaiti dinar is the highest valued currency in the world.

We are able to assist our clients with any type of company formation in Kuwait, trademark registration in Kuwait and other recurring services for your business in Kuwait.

Incorporation – Business Entities

The Commercial Companies Law governs the incorporation of companies and related matter in Kuwait. There are different types of entities that can be incorporated in Kuwait are as mentioned below:

  • Limited liability companies
  • Shareholding companies
  • Partnerships
  • General partnership
  • Limited partnership
  • Joint Ventures
  • Branch
  • Free Trade Zones
  • Commercial agents or Distributors

Time Frame for Incorporation of Company in Kuwait varies from depending on the type of entity selected. Each business type has its own advantages and disadvantages. Synergy estimates the time required for the process of the company formation in Kuwait to be completed to be 50-60 working days.

Benefits of Company Registration

Below are the advantages of company formation in Kuwait:

  • No foreign-exchange restrictions exist.
  • Wealthy country with savvy business people in the private sector.
  • Significant expansion in the building and construction industry
  • Corporate tax exemption for up to 10 years.
  • Customs duties exemptions
Under Kuwait law, foreigners Can Own 49%
Minimum Share Capital KWD 1000
Directors Minimum One
Shareholders Minimum Two
MOA and AOA Required
Expatriate Staff Can Be Hired
Secretary Required
Tax Registration Certificate Required
Audit Required
Timeframe for Bank Account 1 month
Timeframe for Incorporation 3 weeks
Annual Return Yes
Annual Tax Yes
Access to Kuwait Double Tax Treaties Yes