Company Formation In Kuwait
WHAT IS THE IMPACT OF COMPANY FORMATION IN KUWAIT?
As the name suggests, company formation refers to the process of setting up or establishing a business within a confined space. Kuwait being a cosmopolitan country has a vibrant as well as positive outlook towards the establishment of new companies and enterprises. This has created a new era of development and industrialization in the region thereby creating newer opportunities for various people in different economic spheres.
Learn the best ways of starting a business in Kuwait, different types of business structures in Kuwait, and what is required to start a business in Kuwait.
- We will help you register your company in Kuwait
- We will help you look for and choose a suitable partner or sponsor from Kuwait
- We will help you set-up your business and associated requirements
- We will help you register for tax and licenses
Find out how to register a company/business in Kuwait in very easy steps. Our comprehensive list of services is here to help you.
Kuwait is a Middle East country, officially popular as the ‘State of Kuwait’. Kuwait is located in the Western region of the Asian Continent. Kuwait shares its regional boundaries with Iran and Saudi Arabia. Its natives use Arabic as their primary and official language. Kuwait is primarily subjugated by migrants of other nations. The Kuwaiti dinar is considered a highly valued currency throughout the world.
Although the process of ‘Company Setup in Kuwait’ is not easy, it is generally considered a centre of commerce by many for their business because of economic benefits. Oil and Gas are the major sectors that contribute in its economic growth. Other sectors including Agro allied business sector, financial business sector, real estate business sector and many others are also strong pillars of economic growth in Kuwait.
Company Formation Steps in Kuwait
Finding A Partner
You need partnership and support from a Kuwaiti to get the fundamental licenses to work in the country. Helpline Group can guide you and help you gain a Kuwaiti partner.
Business set-up activities in Kuwait may change depending on the industry and type of company. Helpline Group can guide you and help you apply for business set-up.
You may need to apply for additional licenses to begin operations of your business in Kuwait. Helpline Group can guide you and help you get these licenses in Kuwait.
Kuwait is nation that has always been encouraging and supportive towards the use of Free Press. This gained the country with the title “Freest Press” among all the GCC countries. This gives a positive signal to the people dreaming to start a Media Company in Kuwait. Another business area that’s growing well in Kuwait is ‘Stock Exchange’; this business captures the second place in the entire Middle East region.
The government of this robust economy are continuously working towards developing and diversifying the economy by attracting investment in infrastructure development and other non-oil sectors. Kuwait is a strong economy with high-income earners that offers an attractive business opportunity with low tax rate to foreign business. There are abundant business prospects and opportunities in the area of business consultancy, imports, real estate, medical, agriculture and many more.
WHAT ARE THE DIFFERENT TYPES OF BUSINESS ENTITIES IN KUWAIT?
In order to establish a company or enterprise in Kuwait, there are certain business entities that are permissible by law within Kuwait. Some of those entities are as follows
- Limited Liability Company Formation (WLL)
- Branch Office
- Commercial Agencies
- Representative Trade Offices
- General Partnership Company
- Limited Share Partnership Company
- Holding Company
- Public Share Holding Company
- Joint Venture
WHAT MAKES KUWAIT AN ATTRACTIVE BUSINESS LOCATION?
Kuwait, being an excellent global location has become one of the preferred spots for trade, tourism and business. Some of the prime reasons for establishment of new business/enterprises are as follows
Kuwait has a rapidly developing real estate which makes it suitable to get sufficient office space for various businesses and enterprises etc.
The tax system in Kuwait is extremely efficient and it allows complete exemption of taxes for GCC Citizens. In case of foreign entities, they are required to pay corporate tax which is calculated at the end of every financial year.
Starting a business and getting a visa might be a difficult task for an individual for an entirely new business setup. At Helpline Group, we have our own VISA processing and management department that can support and guide you through any visa related requirements and applications. Talk to us for more details.
Scope of Import System
There is a flexible system in place for the import of goods and services without creating any hassle. The smooth import of goods and services ensures that the productivity and economic activities in various industries takes place without any issues.
We are an Expert Consultant to get the following licenses:
- Industrial License
- Auditing Company License
- School and Institute License
- Travel and Tourism Agency License
- Shipping Agency License
- Engineering Consultancy License
- Tourism Company License
- Trading Companies
- Contracting Companies License
- Clinic License
- Restaurant License
- Clearing and forwarding license
- Trademark registration
- Product registration
- Classification certificate
- Import Code