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…
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