Forming a Company in Kuwait

Forming a company in Kuwait is an ideal, and tax-efficient, entity through which trade can be conducted in Kuwait and throughout the Gulf Cooperation Council (GCC). The following information will help you determine whether forming a company in Kuwait is the optimum corporate vehicle for your business.
Advantages of forming a company in Kuwait
1.	Forming a company in Kuwait will not be perceived as an "Offshore Company" in a "tax haven". It is a legitimate corporate vehicle domiciled in a reputable trading jurisdiction;
2.	The Kuwaiti economy is heavily reliant on its oil industry, which contributes around half of the country's gross domestic product (GDP). A key member of Opec (the Organisation of the Petroleum Exporting Countries), the economy is benefitting greatly from the current and sustained period of high international oil prices; forming a company in Kuwait will allow investors to benefit directly from this situation.
3.	Forming a company in Kuwait is a natural gateway into Iraq for international contractors, a situation which has provided many spin-offs to the local economy;
4.	100% foreign ownership is allowed when forming a company in Kuwait.
Disadvantages of forming a company in Kuwait
1.	A 100% foreign-owned company cannot import goods for commercial purposes;
2.	While wholly-owned Kuwaiti businesses are tax-free, foreign companies are liable to tax if they conduct business in Kuwait;
3.	When forming a company in Kuwait, it is important to consider that a Limited Liability Company must have a minimum of two partners, but can have a maximum of 30 partners;
4.	The minimum capital requirement when forming a company in Kuwait is 7000 Kuwait Dinar (US$26,000).
	Other Information Refer to the following links to read more information on forming a company in Kuwait:
	i) Kuwait Company set up procedure;
	ii) Kuwait Company registration process;
	iii) Kuwait corporate bank account;
	iv) Other services to support Kuwait company set up;
	v) Investing in Kuwait;
	vi) Frequently Asked Questions about Kuwait Company formation
	vii) Client case studies;
	viii) Further interesting information on Kuwait.
Contact Us For more information on forming a company in Kuwait, email email@healyconsultants.com or telephone us at (+65) 6735 0120. Back to Kuwait Company Formation page.

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