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Company Formation in Kuwait

Company Formation and Registration in Kuwait

Get Professional Assistance for Company Formation and Registration in Kuwait

You can avoid piles of paperwork and take our assistance for company incorporation. We will assist you with Kuwait company registration at a reasonable cost

Our Amazing Clients

You can now save time while getting company registration done and utilise that time and effort on your business.

Do your registration from anywhere

Do your registration from anywhere

You do not need to be physically present here to set up and manage your company in Kuwait; so there is no need to fly here to do the process
Streamlined and simplified processes

Streamlined and simplified processes

We’ve simplified and streamlined all the processes for you to make it quick and simple to get your company started
Transparent pricing model

Transparent pricing model

We do not burden you with any hidden fees. There’s just one cost to get you up and running

Indian IT Sector is Planning to Expand in the GCC Countries

How IMC can help you register a business in Kuwait?

IMC has the experience and expertise to advice customers on the suitable company type taking in to account the laws of the land and the unique customer’s needs. We have the experience having handled different industries and geographies across the world. We understand finance and the legal framework required to handle a company’s operations. We will advise on the percentage of shareholding allowed for foreigners, and the rights which go with that percentage and other such business matters. IMC has been operating in GCC for over 10 years. With a partnership in Kuwait, IMC is closer to the customer with a better understanding of the Kuwait CompanyLaws and Practices.

Having decided on the type and structure, we can assist in every step of the way starting from drafting the incorporation documents, listing out the documents required to be filed, documents to be notarized and other formalities. We can advise on the licenses required for specific industries. If a local attorney or a CPA need to be hired, we will handle this. We will coordinate filing the applications, getting the name approved and all the steps required. We can also assist in opening the bank account for the company.

Types Of Business Entities In Kuwait

Companies in Kuwait are established under the Commercial Companies Law (the CCL).The following business structures are available to non-Kuwaitis to undertake business / commercial activities in Kuwaitis.

  • Limited Liability Companies
  • Shareholding Company
  • Branch Company
  • Partnership Company
  • Joint Venture Companies

Limited liability companies, usually referred to as ‘With Limited Liability (WLL), are the most commonly used corporate form of entity in Kuwait and are considered equivalent to French SARLs, German GmbHs or private companies in the United Kingdom. The key features are,

  • WLL companies are not permitted to engage in banking, insurance or to act as a pure investment fund.
  • Maximum percentage of shareholding by a non- Kuwaiti in a WLL should be 49%(except if such WLL has obtained an approval from the KDIPA).
  • Ownership interests are represented by shares of the WLL companies.
  • Minimum Capital requirement is 1,000 KWS.

A joint venture is an entity formed by two or more natural or legal persons who are jointly and severally liable. The key aspects of the joint ventures are as follows:

  • It does not have legal existence.
  • It does not need to be recorded in the commercial register of the Ministry of Commerce and Industry. However, the partners of the joint venture must be separately registered in their own names.
  • The contract defines the objects and terms of the joint Venture. This form of business structure is usually used to carry out construction projects (i.e. construction of power plants, roads, etc.).
  • In the event the joint venture involves a foreign partner, then the entity conducts operations through the trade license of the Kuwaiti member of the joint venture.

Foreign corporate bodies are not permitted to set up a branch in Kuwait (except in cases where the foreign corporate body has obtained an approval from KDIPA). If the foreign corporate bodies do not wish to operate in Kuwait through a participation in a shareholding company or a limited liability company, it may engage in business in Kuwait only through a Kuwaiti commercial agent or a Kuwaiti service agent (as explained below).Under the CCL a branch is not a recognized legal form for foreign investors. It should be noted however that for the purpose of tax filing and certain other practical purposes, it is convenient to refer to Kuwait operations of foreign corporate bodies as “branch” operations.

Agencies are governed by Law No. 36 of 1964, which regulates the following:

  • Commercial agents which are engaged in promoting products for their principal or negotiate and conclude deals on behalf of their principal.
  • Distributors which are engaged in promotion, import and distribution of the products of their principal.
  • Service agents or sponsors who are appointed by foreign companies intending to engage in government contract works.
Type Limited Liability Company (WLL)
Under Kuwait law, foreigners can own 49%
Share Capital KD 7,500
Memorandum and Articles of Association Yes
Shareholders Minimum Two
Can the entity hire expatriate staff in Kuwait Yes
Tax Registration Certificate Required Yes
Saudi Resident Secretary Required Yes
Statutory audit required Yes
How long to open Corporate Bank Account? 1 Day
Annual Return Must be filed
Annual Return Must be Filed
Annual Tax Must be filed
Timeframe for Incorporation: 3 Months
Access to Kuwait double tax treaties Yes

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