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Benson Formations

Kuwait

Basic Facts

Kuwait overview

GCC member country | Kuwait dinar currency | Legal system based on Shari’ah | Attractive tax system | Double taxation agreements with more than 30 countries | Business friendly environment | Arabic and English speaking

Top 3

Reasons For Doing Business In Kuwait

Low corporate income tax (CIT) rate of 15%

CIT exemption for businesses established in a free-trade zone at Shuwaikh Port

No withholding taxes

More advantages​

  • Territorial principle of taxation when tax is imposed on Kuwaiti-source income only,
  • Capital gains tax of 15% (on sale of assets and shares by foreigners) subject to exceptions,  
  • No personal taxes, 
  • At least 51% of the capital must be owned by Kuwaitis in Joint Stock companies (KSC) and Limited Liability companies (WLL) except for the companies set up in the free-trade zone which can have 100% of the foreign shareholding,
  • No inheritance/estate tax,
  • No controlled foreign company (CFC) rules, no anti-hybrid rules, 
  • No economic substance rules, no disclosure rules, 
  • No general anti-avoidance rule.

Company Formation In Kuwait

Do you need to establish a company in Kuwait? Then to administer it?

Are you looking for a reliable lawyer or/and accountant in Kuwait?  

Do you need to open a bank account for your Kuwait company?  

You do not know yet what do you actually need?

We are ready to help you find the right answers and workable solutions.

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