Kuwait Company Formation

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AVERAGE ENGAGEMENT COSTS

Limited liability company
US$40,000 to 50,000*

Nominee director fee
US$5,700 **

Local sponsor fee
US$15,500 **

Company de-registration
US$3,450

* Depending on corporate structure and professional services required by our clients.

**Excludes US$3,300 refundable deposit.

Kuwait company formation is a tax-efficient way for international businesses to legally conduct business in oil-rich Kuwait and throughout the Gulf Cooperation Council (GCC). The following information will help determine whether Kuwait company formation is the optimum corporate structure to fulfill your international business objectives:

Advantages of Kuwait Company Formation

A Kuwaiti company is sometimes given preference when bidding for some government tenders.

A Kuwaiti company is legally tax-exempt if properly structured.

Kuwait company formation allows 100% foreign ownership. However, a minimum of two shareholders is required.

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.

Some businessmen and contractors choose Kuwait company formation as the ideal gateway into neighbouring Iraq.

Healy Consultants can open a corporate bank account in Kuwait with one of the world's leading retail banks, including HSBC and Citibank, or internationally to support Kuwait company formation.

Disadvantages of Kuwait Company Formation

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 66th least corrupt, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

According to the 2010 Doing Business Survey by the World Bank, Kuwait is the world's 61st easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.

The minimum capital requirement for Kuwait company formation is 7000 Kuwait Dinars (US$26,000). Kuwait is ranked as the world's 42nd freest economy by the Heritage Foundation’s 2010 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.

A 100% foreign-owned Kuwaiti company cannot import goods for commercial purposes.

Kuwait is poorly ranked as the world's 39th most competitive economy in the World Economic Forum's Global Competitiveness Report 2009-2010.

Contact Us

For more information on Kuwait company formation, email email@healyconsultants.com or call us at (+65) 6735 0120.

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