In Kuwait the most common type of company established by foreign companies is the WLL (Limited Liability Company).
You need to be aware of the requirement that 51% of the company’s shares will be have to be held by a Kuwaiti, we can provide assistance in identifying and reaching an agreement with a local partner.
The company's economic activity must have an ISIC Code and these activities must not appear on the negative activity list. We will submit a Concept Paper with the intended activity of your Kuwaiti company, the result of which is received within 3 days.
We will then process the application for the license and obtain the government approval required for the company. Official approval is granted to the company within 30 days from the date of submission.
The incorporation of a newly established WLL company, which is ready to operate includes:
Foreign Companies and Directors will need to provide the following documents:
Our agent is a 100% Kuwaiti owned company and they fulfil the obligation as an appointed National Service Agent with the 51% share holding as required under Kuwaiti Company Law.
They will not be involved in the daily operations of the company, you enjoy full beneficial rights of the shares and we will provide you with a power of attorney for full operational control of the company.
An annual fee for the silent shareholder services is payable, this is either a fixed fee or a percentage of the annual turnover of the company. This fee is payable in advance following incorporation and then annually.
The silent shareholder holds a 51% share in the Kuwait company on behalf of the principal, and will enter into a binding shareholders’ agreement with the principal pursuant to which they:
We ensure that these arrangements allow the principal to operate freely in Kuwait.
In addition, and more importantly, we ensure that the principal has the freedom to exit this relationship at any time.
The amount to be paid as share capital is KD1,000, for the avoidance of doubt, the amount to be paid as capital is not included.
Prior to starting the incorporation process the company is required to secure an office lease that is registered with the Public Authority for Civil Information.
We suggest the option of obtaining a temporary lease for the purpose of incorporation at a cost of 250-350 KWD/month.
Please note that this is an additional cost not covered under our fee estimate.
You must have a Registered Office in the Kuwait and we provide this service.
|Registration fees||Issuance of the Commercial License|
|Government fees||Fees related to MOCI extracts, registration certificate, filing etc.|
|Notary||Issuance of three notarised copies of the Articles|
|Legalisation||Legalisation of the Power of Attorney and constitutional documents with the foreign embassy in Kuwait and the Ministry of Exterior Affairs, fees may vary depending on the number of documents and the embassy costs|
|Chamber of Commerce registration||Registration of the company and the authorised signatory with the Chamber of Commerce|
|MOSAL authorised Signatory Certificate||Without a MOSAL certificate, the manager’s signature will not be accepted by government authorities|
It takes approximately four to six weeks to receive the trade license.
Unfortunately, ready made companies are not permitted in Kuwait.