Commercial and Corporate Law
Kuwait is emerging as a promising destination for doing business. To attract foreign investors, the government of Kuwait has made it possible for foreign companies to own 100% of their operations in selected industries. Foreign investors can also operate in the region through joint ventures, franchises and other methods.
A number of laws and regulations guides the formation of companies in Kuwait. Investors, financial institutions, private companies, investment banks, private equity firms and other interested parties have to comply with all the laws and follow the regulations to do business in Kuwait.
Commercial and Corporate Law in Kuwait
The formation of companies in Kuwait is governed by the Promulgation of the Companies Law (Law No. 1 of 2016) and contains over 300 Articles. The Kuwaiti Commercial Code and its Article 23 and 24 are also of special significance when it comes to doing business in the country.
Other laws such as Regulation of Commercial Agencies and The New Investments Law also impact businesses. Companies also have to keep track of other regulations such as The Counter-Trade Offset Program.
It is not possible for a company to set up their base unless they have professional legal counsel who can guide them through the legal and other implications.
Helpful Guidance and Assistance with Corporate and Commercial Law
Al Naqeeb and Partners offers complete consultation on legal matters on setting up and running a company in Kuwait and neighbouring countries. We enlighten our clients about the legal nuances of creating a company in different jurisdictions and the associated implications of the process.
Our service includes searching and evaluation of agents, researching on the permitted forms of business in a jurisdiction, setting up a company according to requirements of client and jurisdiction, drafting and negotiating different documentation and agreements, registering and obtaining a license from applicable ministries and so on.
The qualified and experienced lawyers of our firm are also knowledgeable about other aspects of business like taxation, dispute resolution, intellectual property rights, finance, cyber law. They can effectively guide clients through the legal issues and formalities in the way of setting up a business.
We also review all forms of documentations to ensure that the terms are within the scope of the jurisdiction. Our lawyers keep themselves on top of legal developments and changes in the market so that they can help clients effectively with measurable results.
Commercial Agencies and Franchising
A firm can choose different methods to operate in the market of Kuwait. Our expertise extends to such forms with a focus on commercial agencies and franchising. We assist our clients in finding the right agent through screening processes and background checks. Once the agent is chosen, we also help our clients negotiate the terms and draft the agreement.
Our firm specializes in drafting contracts and carries out different types of agreements and contracts such as Distribution Agency, Construction Supply, Employment and other non-commercial documents. We have experience of facilitating numerous high profile contracts which included international stakeholders and the state of Kuwait represented by the Public Authority for compensation (PAAC).
Free Case Evaluation
Fill out the form below to receive a free and confidential initial consultation with a callback.