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 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 for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Kuwait Direct Investment Promotion Authority
