Kuwait

Kuwait

Temporary exemption for investment entities

04 May 2020

On 4 May 2020, Decision No. 173 of 2020 of the Director General of the Kuwait Direct Investment Promotion Authority has been adopted. According to the decision, investors who apply for investment licenses and receive an evaluation from 30 per cent to 80 per cent are granted fiscal exemptions until 31 December 2020. They include income tax and customs duties. Existing investments receive comparable fiscal exemptions.

Nature of measure:
  • Incentives
Type:
  • Promotion and facilitation (Investment incentives)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: