{"id":8507,"date":"2020-03-09T20:11:11","date_gmt":"2020-03-09T20:11:11","guid":{"rendered":"https:\/\/smecastle.com\/?page_id=8507"},"modified":"2022-06-14T22:38:38","modified_gmt":"2022-06-14T22:38:38","slug":"%d8%a5%d8%af%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d8%a3%d8%b9%d9%85%d8%a7%d9%84-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a%d8%a9-%d8%a7%d9%84%d9%83%d9%88%d9%8a%d8%aa","status":"publish","type":"page","link":"https:\/\/smecastle.com\/ar\/%d8%a5%d8%af%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d8%a3%d8%b9%d9%85%d8%a7%d9%84-%d8%a7%d9%84%d8%aa%d8%ac%d8%a7%d8%b1%d9%8a%d8%a9-%d8%a7%d9%84%d9%83%d9%88%d9%8a%d8%aa\/","title":{"rendered":"\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0641\u064a \u0627\u0644\u0643\u0648\u064a\u062a"},"content":{"rendered":"

[vc_row full_width=”stretch_row_content”][vc_column][vc_hoverbox image=”3519″ primary_title=”\u0644\u0645\u062d\u0629 \u0639\u0646 \u0627\u0644\u0643\u0648\u064a\u062a \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0641\u064a \u0627\u0644\u0643\u0648\u064a\u062a” hover_title=”Operating business in Kuwait” shape=”square” hover_background_color=”blue”]<\/p>\n

Kuwait is a very good choice to start your business in. Kuwait offers various investment opportunities to budding entrepreneurs because of its strong economy, supportive government, and ease of doing business because of certain laws and regulations.<\/span><\/p>\n

[\/vc_hoverbox][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1583783851005{margin: 50px !important;}”][vc_column width=”3\/4″][vc_tta_tabs style=”modern” color=”blue” active_section=”1″][vc_tta_section title=”Economy overview” tab_id=”1583783428733-56e6b9d8-efbd”][vc_column_text]<\/p>\n

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\u0641\u064a \u0627\u0644\u0635\u0631\u0627\u0639 \u0627\u0644\u062f\u0628\u0644\u0648\u0645\u0627\u0633\u064a \u0628\u064a\u0646 \u0642\u0637\u0631 \u0648\u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0648\u0627\u0644\u0628\u062d\u0631\u064a\u0646 \u0648\u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a. \u0648\u0641\u0642\u064b\u0627 \u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0646\u0642\u062f \u0627\u0644\u062f\u0648\u0644\u064a \u060c \u062a\u0645\u062a\u0644\u0643 \u0627\u0644\u0643\u0648\u064a\u062a \u0633\u0627\u0628\u0639 \u0646\u0635\u064a\u0628 \u0627\u0644\u0641\u0631\u062f \u0645\u0646 \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a (PPP) \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645 \u060c \u0644\u0643\u0646 \u0645\u0639\u0638\u0645 \u0647\u0630\u0647 \u0627\u0644\u062b\u0631\u0648\u0629 \u062a\u062a\u0631\u0643\u0632 \u0641\u064a \u0623\u064a\u062f\u064a \u0627\u0644\u0645\u0648\u0627\u0637\u0646\u064a\u0646 \u0627\u0644\u0645\u062d\u0644\u064a\u064a\u0646 \u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0639\u064a\u0634 \u063a\u0627\u0644\u0628\u064a\u0629 \u0627\u0644\u0639\u0645\u0627\u0644 (\u062e\u0627\u0635\u0629 \u0645\u0646 \u0622\u0633\u064a\u0627) \u0641\u064a \u0638\u0631\u0648\u0641 \u0633\u064a\u0626\u0629. \u0644\u0647\u0630\u0627 \u0627\u0644\u0633\u0628\u0628 \u0648\u0642\u0639\u062a \u0627\u0644\u0643\u0648\u064a\u062a \u0641\u064a \u0646\u0647\u0627\u064a\u0629 \u0639\u0627\u0645 2018 \u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0645\u0639 \u0627\u0644\u0647\u0646\u062f \u0628\u0634\u0623\u0646 \u0648\u0636\u0639 \u0627\u0644\u0639\u0645\u0627\u0644\u0629 \u0627\u0644\u0648\u0627\u0641\u062f\u0629 (\u064a\u0634\u0643\u0644 \u0627\u0644\u0647\u0646\u0648\u062f \u0623\u0643\u0628\u0631 \u0645\u062c\u062a\u0645\u0639 \u0644\u0644\u0645\u063a\u062a\u0631\u0628\u064a\u0646 \u060c \u062d\u064a\u062b \u064a\u0639\u0627\u0646\u064a \u0627\u0644\u0639\u0645\u0627\u0644 \u0641\u064a \u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0623\u062d\u064a\u0627\u0646 \u0645\u0646 \u0638\u0631\u0648\u0641 \u0639\u0645\u0644 \u0648\u0645\u0639\u064a\u0634\u0629 \u0633\u064a\u0626\u0629). \u0645\u0639\u062f\u0644 \u0627\u0644\u0628\u0637\u0627\u0644\u0629 \u0634\u0628\u0647 \u0645\u0639\u062f\u0648\u0645 \u060c \u0648\u064a\u0642\u062f\u0631 \u0628\u0646\u062d\u0648 1.1\u066a.<\/p>\n

[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Trade figures” tab_id=”1583783428756-150af895-0651″][vc_column_text]<\/p>\n

Foreign Trade in Figures<\/span><\/h2>\n

Kuwait is highly dependent on foreign trade, which represented 98% of the GDP (World Bank). Representing over 90% of export earnings and almost 60% of the GDP, Kuwait mainly exports oil (and to a lesser extent petroleum gases). On the other hand, the country depends particularly on imports of food products, consumer goods and semi-finished products. Imports have increased quickly in recent years due to the country\u2019s undertaking of large projects and a high private consumption demand, and for 2017 they were led by motor cars, machinery, radio-telephony transmission tools, medicaments and jewellery. Kuwait exports to a wide number of countries, the main ones being India (1.4%), Saudi Arabia (1.2%), the UAE (1.1%) and China (0.9%). Kuwait\u2019s largest suppliers are the EU as a whole (23.3%), China (16.4%), the United States (10.3%), the UAE (8.7%) and Saudi Arabia (5.5%). Imports from other Gulf countries have increased since joining the GCC (Gulf Cooperation Council). The county\u2019s exports quadrupled since 2002. In 2017 export grew 21.2%, to reach USD 55.8 billion. However, this figure is still low compared to 2013-14, when the country exported more than double this value (in fact, Kuwait\u2019s level of export depends heavily on the fluctuating commodity market). Imports rose at a slower pace (6.2%), totalling USD 33.4 billion. Kuwait has a structurally positive trade balance, however the country is a net importer of services. In 2017, Kuwait’s trade balance was USD 25.648 billion. Hence, when computing both goods and services, the trade surplus stood at around 2.3% of the country\u2019s GDP in 2017 (World Bank estimates).<\/p>\n

<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Foreign Trade Indicators<\/td>\n2013<\/td>\n2014<\/td>\n2015<\/td>\n2016<\/td>\n2017<\/td>\n<\/tr>\n<\/thead>\n
Imports of Goods\u00a0(million USD)<\/span><\/td>\n29,299<\/td>\n31,484<\/td>\n31,539<\/td>\n31,455<\/td>\n33,432<\/td>\n<\/tr>\n
Exports of Goods\u00a0(million USD)<\/span><\/td>\n115,105<\/td>\n104,315<\/td>\n55,092<\/td>\n46,032<\/td>\n55,832<\/td>\n<\/tr>\n
Imports of Services\u00a0(million USD)<\/span><\/td>\n19,873<\/td>\n22,338<\/td>\n22,993<\/td>\n26,239<\/td>\n27,559<\/td>\n<\/tr>\n
Exports of Services\u00a0(million USD)<\/span><\/td>\n5,594<\/td>\n5,684<\/td>\n5,676<\/td>\n5,527<\/td>\n4,607<\/td>\n<\/tr>\n
Imports of Goods and Services\u00a0(Annual % Change)<\/span><\/td>\n-0.1<\/td>\n8.0<\/td>\n6.8<\/td>\n1.1<\/td>\nn\/a<\/td>\n<\/tr>\n
Exports of Goods and Services\u00a0(Annual % Change)<\/span><\/td>\n-4.0<\/td>\n1.4<\/td>\n-0.9<\/td>\n1.8<\/td>\nn\/a<\/td>\n<\/tr>\n
Imports of Goods and Services\u00a0(in % of GDP)<\/span><\/td>\n26.7<\/td>\n31.5<\/td>\n44.9<\/td>\n46.4<\/td>\nn\/a<\/td>\n<\/tr>\n
Exports of Goods and Services\u00a0(in % of GDP)<\/span><\/td>\n70.9<\/td>\n68.5<\/td>\n53.8<\/td>\n48.2<\/td>\nn\/a<\/td>\n<\/tr>\n
Trade Balance\u00a0(million USD)<\/span><\/td>\n90,169<\/td>\n77,407<\/td>\n27,993<\/td>\n20,054<\/td>\n25,648<\/td>\n<\/tr>\n
Trade Balance (Including Service)\u00a0(million USD)<\/span><\/td>\n75,344<\/td>\n59,888<\/td>\n10,252<\/td>\n-765<\/td>\n2,937<\/td>\n<\/tr>\n
Foreign Trade\u00a0(in % of GDP)<\/span><\/td>\n97.6<\/td>\n100.0<\/td>\n98.7<\/td>\n94.7<\/td>\nn\/a<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: WTO \u2013 World Trade Organisation\u00a0; World Bank, 2016<\/p>\n<\/div>\n<\/div>\n<\/div>\n

[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Starting a business in Kuwait” tab_id=”1583783477073-3bc779a6-62f5″][vc_column_text]<\/p>\n

\n
\n
The close shareholding company<\/span><\/dt>\n
Number of partners:<\/b>\u00a0Minimum 5 partners, with no maximum. Capital (max\/min):<\/b>\u00a0KWD 250,000 minimum capital. Shareholders and liability:<\/b>\u00a0Partners’ liability is limited to the amount contributed.<\/dd>\n
<\/dd>\n
Limited Liability Company<\/span><\/dt>\n
Number of partners:<\/b>\u00a0Minimum 2 partners. Capital (max\/min):<\/b>\u00a0KWD 7,000 minimum capital. Shareholders and liability:<\/b>\u00a0Partners’ liability is limited to the amount contributed.<\/dd>\n
<\/dd>\n
Joint Venture (majority owned by a Kuwaiti)<\/span><\/dt>\n
Number of partners:<\/b>\u00a0Minimum 2 partners. Maximum 30 partners. Capital (max\/min):<\/b>\u00a0Minimum capital of\u00a0<\/span><\/span>KWD\u00a07,000.<\/span>\u00a051% of the capital must be Kuwaiti.<\/span><\/span> Shareholders and liability:<\/b>\u00a0Partners’ liability is limited to the amount contributed.<\/dd>\n
<\/dd>\n
General Partnership<\/span><\/dt>\n
Number of partners:<\/b>\u00a0Minimum 2 partners. Capital (max\/min):<\/b>\u00a0KWD 7,000 minimum capital. Shareholders and liability:<\/b>\u00a0Partners’ liability is limited to the amount contributed.<\/dd>\n
<\/dd>\n
Limited Partnership<\/span><\/dt>\n
Number of partners:<\/b>\u00a0Minimum 2 partners. Two types of partners: dormant partners and active partners. Capital (max\/min):<\/b>\u00a0KWD 7,000 minimum capital. Shareholders and liability:<\/b>\u00a0Liability of active partners is unlimited. The liability of dormant partners is limited to the amount contributed.<\/dd>\n
<\/dd>\n<\/dl>\n<\/div>\n
\n
\n
The Competent Organisation<\/dt>\n
The\u00a0Ministry of Commerce (in Arabic)<\/a>\u00a0issues the commercial license required to perform any commercial activity.\u00a0 For certain activities, a license must be obtained from other ministry departments as well such as health, communications, etc.<\/dd>\n<\/dl>\n<\/div>\n

[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Foreign direct investment” tab_id=”1583784304017-0ec1a8ab-30cc”][vc_column_text]<\/p>\n

FDI in Figures<\/span><\/h2>\n

Kuwait has always been a country open to foreign investment and is further opening to foreign capital, however, FDI is still underdeveloped in the country. According to\u00a0UNCTAD’s World Investment Report 2019<\/a>, the lack of diversity in the economy and the fall in oil prices since 2014 caused the decrease of inflows also registered in 2018. This decline began in 2012 and Kuwait’s investments did not achieve to recover. Inflows reached USD 346 million in 2018, staying relatively stable compared to 2017’s USD 348 million. The FDI stock decreased by 2.2% in 2018, totalling USD 14.7 billion (10.5% of the GDP). The bulk of investments are directed towards the oil & gas sector, followed by real estate\/construction and financial services. The majority of foreign investments come from the United States and China. With the decline in oil revenue, the government seeks increased foreign investments as it plans to diversify its oil-dependent economy, and has taken a number of steps towards achieving this goal. The current policy to promote FDI focuses on a number of sectors that can most benefit from foreign investment and expertise. A law on foreign investment, enacted in 2013, was implemented in 2015 and a series of other laws related to businesses and public-private partnerships were introduced as well. The law allowed 100% foreign ownership in a number of sectors and also made available a number of tax breaks and other benefits to attract new investors, who in return must guarantee a set of quotas regarding the employment of Kuwaiti nationals. Further steps have been taken: allowing the opening of the stock market to non-Kuwaitis, the presence of foreign operators in the petrochemical industry and the entry of foreign banks in the country. The industries covered by the FDI Law that allows 100% foreign ownership, include: infrastructure (water, power, wastewater treatment, and communications); insurance; information technology and software development; hospitals and pharmaceuticals; air, land, and sea freight; tourism, hotels, and entertainment; housing projects and urban development; and investment management. Despite these efforts, Kuwait still ranks low in the\u00a02019 Doing Business report<\/a>\u00a0established by the World Bank (97th out of 189 economies, losing one position compared to the previous year). In fact, the country is still dependent on the oil & gas sector; hence, sensitive to commodities prices fluctuation, and the degree of state intervention in the economy is considered too high. Furthermore, the local market is limited in size and the political situation is fragmented, with tensions between the parties.<\/p>\n

Country Comparison For the Protection of Investors<\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
Foreign Direct Investment<\/td>\n2016<\/td>\n2017<\/td>\n2018<\/td>\n<\/tr>\n<\/thead>\n
FDI Inward Flow\u00a0(million USD)<\/i><\/td>\n419<\/td>\n348<\/td>\n346<\/td>\n<\/tr>\n
FDI Stock\u00a0(million USD)<\/i><\/td>\n14,968<\/td>\n15,207<\/td>\n14,742<\/td>\n<\/tr>\n
Number of Greenfield Investments***<\/td>\n31<\/td>\n17<\/td>\n28<\/td>\n<\/tr>\n
FDI Inwards\u00a0(in % of GFCF****)<\/i><\/td>\n1.0<\/td>\nn\/a<\/td>\nn\/a<\/td>\n<\/tr>\n
FDI Stock\u00a0(in % of GDP)<\/i><\/td>\n13.0<\/td>\nn\/a<\/td>\nn\/a<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: UNCTAD,\u00a02019 Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country’s Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.<\/p>\n

What to consider if you invest in Kuwait<\/span><\/h2>\n

Strong Points<\/p>\n

Kuwait has several advantages for attracting FDI:<\/p>\n