Key Competitive Attractions
Kuwait holds the fifth-largest oil reserves in the world and is a thriving trading centre situated at the doorstep of some of the major markets in the region: Iraq, Saudi Arabia, and Iran. Operating costs are potentially very low, the country offers the lowest electricity and fuel rates in the world.
There is no personal income tax system in Kuwait, no sales or value added tax, or property tax. Foreign companies pay corporate tax at a flat rate of 15% and may be exempt from such taxes for a period up to ten years. There are zero custom charges for products relating to FDI projects. Businesses set up in the Kuwait free trade zone are exempt from taxes on all operations conducted within the zone and can be 100% foreign owned.
Kuwait has bilateral trade treaties with 40 major countries, including the United States and Singapore.
Assistance and Support For New Business Investors
The Kuwait Foreign Investment Bureau provides information about the business, legal and investment frameworks of Kuwait. The agency facilitates the issuance of permits and licences for investment projects and offer ongoing support throughout the investment process. They also help to identify potential joint venture partners.
