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Setting up a company in Kuwait is straightforward with Healy Consultants thanks to our transparent and logical engagement procedures. Setting up a company in Kuwait is an excellent way for international entrepreneurs to tap the opportunities offered by the vibrant Kuwait and Middle Eastern economies. The following information will help you determine whether setting up a company in Kuwait is the optimum solution for you: |
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Kuwait company formation allows 100% foreign ownership. However, a minimum of two shareholders is required. |
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Investors are required to keep a register of shareholders at the company premises after setting up a company in Kuwait. |
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Entrepreneurs investing in Kuwait and who have set up a company in Kuwait are liable to a corporate tax of 30% on income sourced in Kuwait and internationally. |
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Wholly Kuwait-owned businesses are tax-free. Foreign companies are liable to pay corporate tax if they conduct business in Kuwait. |
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Tax planning in Kuwait should also consider the fact that Kuwait has a limited network of double tax agreements with other countries. |
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Tax planning in Kuwait should also take into consideration that Kuwaits' tax rate on long-term capital gains- capital gains are considered as normal business profits and are subject to tax at the normal rates. |
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Dividends are not taxed in Kuwait, another point to consider when undertaking coherent tax planning in Kuwait. |
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Prior to setting up a company in Kuwait, Healy Consultants can arrange a tailored orientation programme in Kuwait. Our orientation programmes typically include familiarisation tours of key points of business interest in the country, industrial parks, as well as government ministries and other useful services. |
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Opening a corporate bank account is crucial to support the activities of entrepreneurs who set up a company in Kuwait. Healy Consultants can assist in opening a corporate bank account either in Kuwait or in another jurisdiction, according to your needs. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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One of the keys to successfully investing in Kuwait is developing a reliable network of business contacts and service suppliers. Healy Consultants has, over the years, established an impressive client base in Kuwait and the region, across a wide range of industries. Subject to their mutual agreement, we are able to provide introductions to key businesspeople in Kuwait who can assist you after setting up a company in Kuwait. |
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For entrepreneurs who, having set up a company in Kuwait, plan to move to the country to oversee their investments, Healy Consultants can help provide a comprehensive relocation service. Working with a leading relocation agent in Kuwait, we can assist with all aspects of the move. Services include obtaining Kuwaiti employment and residence visas for the investor and his/her family; obtaining Kuwaiti Employment and residence visas for staff; introductions to real estate agents in Kuwait; introductions to banks in Kuwait or the region for mortgages, personal bank accounts etc; and assistance with locating a suitable school in Kuwait for the family. |
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Other support services provided by Healy Consultants to entrepreneurs investing in Kuwait include accounting and taxation services, Virtual Office Services, human resource support, marketing services, assistance with obtaining corporate finance, IT Support services and Asia real estate purchase. |
Contact Us For more information on any setting up 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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