Kuwait overview
Basic Facts
- GCC member country
- Kuwait dinar currency
- Legal system based on Shari'ah
- Attractive tax system
- Double taxation agreements with more than 30 countries
- Business friendly environment
- Arabic and English speaking
Reasons for doing business in Kuwait
TOP 3
01
Low corporate income tax (CIT) rate of 15%02
CIT exemption for businesses established in a free-trade zone at Shuwaikh Port03
No withholding taxesMore advantages
- Territorial principle of taxation when tax is imposed on Kuwaiti-source income only
- Capital gains tax of 15% (on sale of assets and shares by foreigners) subject to exceptions
- No personal taxes
- At least 51% of the capital must be owned by Kuwaitis in Joint Stock companies (KSC) and Limited Liability companies (WLL) except for the companies set up in the free-trade zone which can have 100% of the foreign shareholding
- No inheritance/estate tax
- No controlled foreign company (CFC) rules, no anti-hybrid rules
- No economic substance rules, no disclosure rules
- No general anti-avoidance rule
Company formation in Kuwait
Do you need to establish a company in Kuwait? Then to administer it?
Are you looking for a reliable lawyer or/and accountant in Kuwait?
Do you need to open a bank account for your Kuwait company?
You do not know yet what do you actually need?
We are ready to help you find the right answers and workable solutions.
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