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With Healy Consultants, setting up a Kuwait company is straightforward. Our transparent, logical engagement procedures ensure an efficient Kuwait Business set up. Engagement procedures typically evolve as follows: |
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1. |
Prior to Kuwait company set up, our client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office. |
2. |
Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our client. |
3. |
Healy Consultants provides our client with a detailed engagement plan for the Kuwait company set up process, outlining a roadmap for the upcoming engagement, thereby minimising unwanted surprises and meeting client expectations. |
4. |
Our client confirms the Kuwait corporate structure, including shareholders and directors. Only then will Healy Consultants proceed with company incorporation, see Kuwait Company Registration procedures. |
5. |
Healy Consultants files with the Department of Partnerships (DOP) at the Ministry of Commerce (MOC) an application to set up the company. This application indicates the name of the founding shareholders, the capital of the company, the percentage ownership of the capital by each Shareholder, the business of the company and the identity of the managers of the company. |
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Healy Consultants receives notification from the Ministry of Commerce (MOC) confirming its approval of the company’s membership. |
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Prior to Kuwait company set up, Healy Consultants assists our client to find office space in Kuwait and obtain a draft lease agreement. |
8. |
Upon the successful filing of the application for the name of the company with the Commercial Registrar, after having already filed the application to register with DOP, the Healy Consultants goes back to DOP to retrieve 3 notes issued by DOP addressed respectively to the Bank, the Criminal Investigation Department and the Kuwait Municipality. Depending on the scope of the company’s work the Companies‘ Department gives its comments to the founders in the form of letters addressed to the relevant government agency: the Municipality, the Central Bank and Criminal investigation if the founders are individuals only. |
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As part of Kuwait company set up, Healy Consultants will deposit the capital in an account opened in the name of the company. Once the capital is deposited in the account, the bank issues a certificate evidencing the same which will be kept safely for our client. |
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After a public notary at the Ministry of Justice notarizes the MOA, the applicant gives the Department of Partnerships at MOC a signed and notarized copy of the MOA, a copy of the Lease contract of the premises of the company and a receipt showing that the first rent was paid. The Department of Partnerships at MOC issues to the company a "License to Start Activity". |
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Healy Consultants will go to the Commercial Registry to register the company. Once registered, the Registry issues a certificate indicating the date and number of registration. |
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Once registered, the company must first get a Sample of the Signature of the representative of the company certified with the Chamber of Industry & Commerce (CIC), as it will need this certified Sample in its dealings with other governmental bodies and entities such as the Banks. To do that, the company must register as a member of the CIC. There is a special form provided by the chamber for that purpose. |
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The company must file for a "Civil Number" with the "Civil Data Department". This number will be required in dealings with other governmental bodies. |
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Following Kuwait company set up, Healy Consultants obtains a trade/commercial license for the company. |
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Healy Consultants Compliance Team prepares all post incorporation documents, including minutes of the first meeting, preparation of bylaws, assurance of initial share certificates. |
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Healy Consultants' Banking Team completes corporate bank account opening for our client, together, including world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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Healy Consultants provides our client with a local business address details for invoicing purposes, together with telephone, fax and email support. |
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Healy Consultants assists our client with business website building, search engine advertising, as well as stationary and logo design; |
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Healy Consultants assists our client to obtain corporate finance, trade finance and to open merchant accounts. |
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Healy Consultants assists our client to locate business premises and recruit local staff. |
22. |
Following completion of the engagement, Healy Consultants e-mails an Engagement Feedback Survey to our client. |
| Contact Us | |
| For more information on any of our Kuwait Corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. | |
| Back to Kuwait Company Formation page. | |
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