Set Up a Company in Kuwait

For investors wishing to set up a company in Kuwait, a properly structured Kuwaiti company 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 the process to set up a company in Kuwait is the optimum corporate vehicle for your business.
Advantages for investors to set up a company in Kuwait
1.	Geographic location is another benefit to consider if you wish to set up a company in Kuwait. Kuwait is a natural gateway into Iraq for international contractors, a situation which has provided many spin-offs to the local economy;
2.	Another positive incentive for investors who wish to set up a company in Kuwait is the fact that 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;
3.	100% foreign ownership is allowed for those investors who wish to set up a company in Kuwait.
4.	A Kuwaiti company will not be perceived as an "Offshore Company" in a "tax haven". It is a legitimate corporate vehicle domiciled in a reputable trading jurisdiction, a great benefit to set up a company in Kuwait.
Disadvantages for investors to set up a company in Kuwait
1.	While wholly-owned Kuwaiti businesses are tax-free, foreign companies are liable to tax if they conduct business in Kuwait;
2.	A disadvantage to consider when planning to set up a company in Kuwait is the fact that a 100% foreign-owned company cannot import goods for commercial purposes;
3.	A Limited Liability company must have a minimum of two partners, but can have a maximum of 30 partners;
4.	The price to pay for those investors who wish to set up a company in Kuwait is high. The minimum capital requirement is 7000 Kuwait Dinars (US$26,000).
	Other Information Refer to the following links to read more information for investors who wish to set up 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 Kuwait Company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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