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
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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.
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, 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,
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:
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:
|Type||Limited Liability Company (WLL)|
|Under Kuwait law, foreigners can own||49%|
|Share Capital||KD 7,500|
|Memorandum and Articles of Association||Yes|
|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|