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ENGAGEMENT COSTS Year 1 incorporation US$19,900-43,100 * Nominee director fee Company de-registration * Depending on corporate structure and professional services required. |
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Kuwait company formation is a tax-efficient way for international businessmen to legally conduct business in oil-rich Kuwait and throughout the Gulf Cooperation Council (GCC). The following information will help you determine whether Kuwait company formation is the optimum corporate structure to fulfill your international business objectives: |
| Advantages of Kuwait Company Formation | |||
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A Kuwaiti company is sometimes given preference when bidding for some government tenders. |
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A Kuwaiti company is legally tax-exempt if properly structured. |
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Kuwait company formation allows 100% foreign ownership. However, a minimum of two shareholders is required. |
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4. |
Kuwait is a key member of the Organization of the Petroleum Exporting Countries (OPEC). Oil accounts for around 50% of Kuwait’s gross domestic product (GDP). Many investors choose Kuwait company formation to tap opportunities in the booming oil sector. |
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5.
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Some businessmen and contractors choose Kuwait company formation as the ideal gateway into neighbouring Iraq. |
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| Disadvantages of Kuwait Company Formation | |||
1.
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Kuwait company formation is challenging because of inconsistent regulations and slow-moving bureaucracy. Kuwait fell from the 46th least corrupt country in the world to the 60th least corrupt, according to the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. |
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According to the 2008 Doing Business Survey by the World Bank, Kuwait is the world's 40th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. |
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3. |
The minimum capital requirement for Kuwait company formation is US$26,000. Kuwait is ranked as the world's 39th freest economy by the Heritage Foundation’s 2008 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
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4. |
A 100% foreign-owned Kuwaiti company cannot import goods for commercial purposes. |
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5. |
Kuwait is poorly ranked as the world's 30th most
competitive economy in the
World Economic Forum's Global Competitiveness Report 2007-2008. |
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| Other Information | |||
| Refer to the following links to read more information on Kuwait company formation: | |||
| Contact Us | |||
| For more information on Kuwait company formation, email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120. | |||
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ENGAGEMENT COSTS Year 1 incorporation US$19,900-43,100 * Nominee director fee Company de-registration * Depending on corporate structure and professional services required. |
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| © 2003 Healy Consultants Pte Ltd | MIDDLE EAST COMPANY SET UP SERVICES |