Requirements to register as a developer for real-estate projects
The Al Tamimi property team focuses on the requirements to register as a developer for real-estate projects in Kuwait, Qatar, Jordan and the Kingdom of Saudi Arabia.
A prerequisite for a company to register as a real estate developer in Kuwait is that it must be 100% owned by Kuwaiti or GCC nationals or companies wholly owned by them. A company established for real estate development purposes must obtain approval from the Ministry of Commerce and Industry (“MOCI”) to engage in real estate development activities. Once this approval has been obtained the company must also obtain approval from the Kuwait Municipality and the Kuwait Ministry of Interiors prior to commencing real estate development activities.
Real estate development companies may be established in Kuwait either as a joint stock company, limited liability company or a branch of a GCC company…
If you are registered and logged in to the site, click on the link below to read the rest of the Al Tamimi & Company briefing. If not, please register or sign in with your details below.
News from Al Tamimi & Company
Briefings from Al Tamimi & Company
Corruption has a detrimental effect on any economy. It creates unfair advantages, anti-competitive practices and a generally unfavorable business environment.
The Libya Herald reported on 16 April 2013 that ‘the IMF confirmed its forecasts on Libya of 20.2 per cent GDP growth in real terms for 2013’.