Enacts the Direct Investment Promotion Law

The Government of Kuwait enacted the Direct Investment Promotion Law (Decree Law No. 116 for 2013). Under the new law, foreign investors are allowed to own up to 100 percent equity in a Kuwaiti company. It also allows the establishment of branches and representative offices. The new law also provides several incentives and rights and obligations of investors. The decree also establishes the Direct Investment Promotion Authority, the responsibilities of which include the promotion and facilitation of investment through a "One Stop Shop".

• Type:

  • Entry and establishment (Ownership and control)
  • Treatment and operation (Other)
  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Kuwait Foreign Investment Bureau, Law No. 116 of 2013 Regarding the Promotion of Direct Investment in the State of Kuwait, http://www.kfib.com.kw/userfiles/file/final-direct-investment-promotion-law-no-116-for-2013-english-july-23-2013.pdf, 16 Jun 2013
  • http://www.albawaba.com/business/new-groundbreaking-law-set-attract-foreign-direct-investments-kuwait-511812, New groundbreaking law set to attract Foreign Direct Investments to Kuwait, http://www.albawaba.com/business/new-groundbreaking-law-set-attract-foreign-direct-investments-kuwait-511812, 05 Aug 2013