BUSINESS SET UP IN KUWAIT

1
BUSINESS SET UP IN KUWAIT

• Visit www.helplinegroup.ca for more info

2
INFLUENCE OF KUWAIT IN MODERN DAY WORLD

• Kuwait is a small nation located in the Middle
  East that has emerged as one of the biggest
  pioneers in the field of Business, Trade and
  Commerce. These Business activities have played
  an important role in creating numerous avenues
  and opportunities for clients from across the
  globe. With a diversified economy comprising of
  different sectors such as Hospitality, Oil Gas,
  Engineering Services, there has been a rapid
  boost to the economy of the nation. This sudden
  increase in economy has facilitated the creation
  of newer opportunities in the country which has
  led to both economic as well as entrepreneurial
  prosperity of the nation.

3
HOW CAN ONE SET UP A BUSINESS IN KUWAIT?

• This is a common question that always alerts the
  mind of an entrepreneur looking to develop their
  own business in Kuwait. Some of the steps that
  are initiated for the formation of a Business or
  Enterprise in Kuwait are as follows
• The Company has to be initially registered at the
  Ministry of Commerce and Industry (MOCI) for
  attestation of documents.
• A unique name has to be reserved for the Company
  which helps to add a sense of exclusivity.
• The letter addressed to the Bank will then have
  to be received from the Department of Companies
  and an initial capital amount has to be
  deposited.
• The next step involves notarizing the Memorandum
  of Association before the Notary Public.
• The documents are then submitted to the Kuwait
  Chamber of Commerce and Industry after which a
  Commercial license is issued.

4
LEGAL STRUCTURES OF THE COMPANY

• As the government continues to work towards
  attracting more investment to the country through
  industrial development and economic development,
  Kuwait presents attractive opportunities for
  businesses and entrepreneurs alike. Being the
  only country with the highest press freedom among
  GCC Countries, Kuwait has a lot of potential for
  a business hub in the Gulf region. However,
  setting up a business in Kuwait requires a
  thorough understanding and knowledge of the
  country, its legal and social conditions, its
  economic conditions, and cultural scenarios.

5
OTHER FACTORS YOU SHOULD CONSIDER FOR KUWAIT
BUSINESS FORMATION

• Tax System
• Real Estate
• Visa System
• Importing and Licensing System

6
CONTACT US

• Canada
• Helpline Group28 Lormel Gate, Brampton,
  Ontario,Canada, L7A 2K5Tel [phone]
• Get in touch with Helpline Group today to take
  your goals further