Kuwait has a geographically small, but wealthy, relatively open economy with crude oil reserves of about 102 billion barrels – more than 6% of world reserves.
A listing of important information for new company formation
The Corporate Tax Rate in Kuwait stands at 15 percent. Corporate Tax Rate in Kuwait averaged 27 percent from 2006 until 2015, reaching an all time high of 55 percent in 2007 and a record low of 15 percent in 2009. Corporate Tax Rate in Kuwait is reported by...
This site provides information on tax compliance in Kuwait
See “Exit, Entry & Visa Requirements” on this site
A Kuwait visa must be sponsored by a Kuwait company or by a relative that is a resident foreigner staying in the country.
This site clarifies the application of the Labour Law Of Kuwait and the explains many of its rules and benefits to the employees.
Kuwait introduced several new laws to update its legal system in recent times, and the Social Insurance or the unemployment insurance law is one of these.
Petroleum accounts for nearly half of GDP, 95% of export revenues, and 95% of government income.
One of the new laws in Kuwait relates to the subject of social insurance, namely unemployment insurance law.