Key Points
- Kuwait will now allow foreign companies to own 100% of their branch offices in Kuwait
New Rules for Foreign-Owned Companies
The government of Kuwait will now allow foreign companies to own 100% of their branch offices in Kuwait.
Previously, foreign companies had to partner with a local agent or Kuwaiti entity owning at least 51% of the company’s shares unless they were located in the Kuwait Direct Investment Promotion Authority free zone, where 100% foreign ownership was permitted.
Looking Ahead
Additional information regarding the procedures and criteria for establishing foreign-owned branches is anticipated to be released by the Kuwaiti government in the coming weeks.
Continue to check the government of Kuwait’s website and Envoy Global’s website for the latest updates and information.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at Corporate Immigration Partners, P.C., or another qualified professional of your choosing. On non-U.S. immigration issues, consult your Envoy representative, or another qualified representative of your choosing.
