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Assistance for Company Formation in Kuwait

Helpline Group offers our clients a complete range of Company Formation Services. Extensive experience of local business, good working knowledge about the rules and regulations of Kuwait and a high level of personal involvement are our main strengths. Our services cover a lot of countries, including Oman, Kuwait, Bahrain, Qatar, Saudi, UAE, India, Canada, UK, Philippines, Australia.<br><br>For More Information...<br>Visit: www.omanhelplinegroup.com <br>Email: info@omanhelplinegroup.com <br>

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Assistance for Company Formation in Kuwait

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  1. KUWAIT

  2. Company Formation Company formation is the process of registering a business as a limited company at Companies House. As a result, the business becomes a distinct legal entity. The process is also referred to as ‘company incorporation’ and ‘company registration’. When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated businesses are completely separate from their owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets. Such a view is not afforded to unincorporated businesses like sole traders as distinct legal entities. Just like the other GCC countries, the process of setting up a business in Kuwait requires the involvement of a few steps. We play an important role to get the important documents for registering with the concerned ministries, government departments and associations to let the corporate clients start their business operations in Kuwait saving their time, efforts and money.

  3. BUSINESS SETUP IN KUWAIT According to the World Bank’s Doing Business Report, Kuwait comes in at 173 out of 190 economies around the world. Starting a business is complex in Kuwait, hence engaging a professional agency is highly recommended. For an investor looking to start a business in Kuwait, the first step is to decide on the best entity and optimum corporate structure for the new company. In Kuwait, there are various entities available. Below is a summary and comparison of the entities available. Limited Liability Company (WLL) : • Simplest business entity recognized by Kuwaiti Companies Law • Usually, foreign shareholding in a typical LLC is restricted to 49% • Under the FDI Law 2013, it is possible to setup a 100% foreign owned LLC after securing an approval from the Kuwaiti Investment Promotions Agency (KDIPA) • 100% foreign-owned LLC will be eligible for corporate tax exemption for the first ten years Agency Agreement: • An agreement with a commercial agent registered with the Ministry of Commerce and Industry • The agent will be responsible for representing the company in Kuwait

  4. Branch Office: • GCC resident companies can set up branch in Kuwait if all the shareholders of the parent company are GCC nationals • Non-GCC companies can only setup a Kuwaiti branch under the FDI Law 2013 once approved by the KDIPA Representative Office: • The FDI law 2013 allows foreign companies to register representative offices in the country • The representative office must not engage in any income generating activities. Instead, they can only seek to promote the parent company’s interest in Kuwait • For a foreign firm, prior approval from the KDIPA is mandatory • Must appoint an authorized manager who must be a resident in Kuwait Joint Stock Company: • A joint stock company (JSC) may either be close (subscribed by the company’s incorporators only) or open (subscribed by the public as well) • Foreigners’ total shareholding must not exceed 49% • A JSC must appoint a board of directors comprising at least 3 members

  5. We will help you with company formation in Kuwait: • Helpline Group will help you choose the best company structure. • Our team of experts would assist you with Company registration services in Kuwait. • Helpline Group will support you in documentation and filing of required paperwork. • Our team would acquire the licenses and approvals from various authorities in Kuwait on your behalf.

  6. Company Formation Services & Legal Structure. Limited Liability Company Formation (W.L.L) 1 Branch Office 2 Commercial Agencies 3 Representative Trade Offices 4 General Partnership Company 5 Limited Share Partnership Company 6 Holding Company 7 8 Public Shareholding Company 9 Joint Venture

  7. Steps involved in Register a Company in Kuwait • Finding A Partner • Business Set-Up • License Registration

  8. ABOUT HELPLINE GROUP Founded in 1990, the Oman Helpline Group has attained customers’ reliance, trust and a prestigious market brand value in less than three decades for the quality work delivered by its experienced professionals. The company has a presence all over the world, starting from the Middle East countries to countries such as USA, Canada and India; we are present everywhere around the globe.

  9. THANK YOU FOR MORE INFORMATION www.omanhelplinegroup.com info@omanhelplinegroup.com

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