The new Kuwaiti companies law
A new companies law has been recently promulgated in Kuwait, providing a more realistic and practical perspective than the previous companies law. The issuance of Law No. 25 of 2012 promulgating the Companies Law (the Companies Law) provided the Kuwaiti economy with new commercial vehicles allowing local, Gulf Cooperation Council (GCC) and foreign investors to “customize” the legal structure of the commercial vehicle for the purposes of the intended commercial activities to be conducted thereto. This new positive step has been recently taken by the Parliament of Kuwait to reflect the changes which have occurred over the past years concerning commerce and industry in the GCC region and in various economies throughout the globe.
In such respect, a variety of new forms of companies have been made available to the investors under the Companies Law, such as sole person companies and the professional companies as mentioned below…
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