The freedom to establish a company/enterprise is very limited and controlled. Non-Kuwaitis cannot hold more than 49% of the capital of a company. Establishing a new office, branch or creating a new company is subject to the existence of a citizen agent. All permits have to be established on his name.
Acquisition of Holdings
Purchasing shares from the stock market has to be done through a broker authorized by the Kuwait Stock Exchange.
Obligation to Declare
There are no special rules to declare if the acquisition is less than 5% of the capital holdings. If the acquisition is higher, a special procedure must be followed.
Some sectors, such as pharmaceutical, telecommunications, medical equipment, etc. require authorizations from the ministries that control each specific activity.
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Kuwait: Invertir a Kuwait
