General partnershipKuwait
What it takes to form, own and run a general partnership in Kuwait, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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The partners of the company are personally and jointly liable with all their assets for all obligations of the company.
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the minimum capital for General Partnerships, Limited Partnerships, Partnerships Limited by Shares, Single Person Companies, Limited Liability Companies and sole proprietorships is KD 1,000.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Required
- A resident director
- Not stated
The registry’s and the law’s own pages do not mention it.
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · individuals only
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The company shall be managed by one partner or more.
- Shareholders
- At least 2 · individuals only
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أن يكون جميع الشركاء أشخاصا طبيعين
- Members
- At least 2
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شركة التضامن هي شركة تؤلف بني شخصني أو أكثر
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- KWD 40
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40د .ك الكترونيا تجديد الترخيص التجاري 1
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the General partnership are in our records.
What is public
Not in our records What the register shows the public is not in our records for the General partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Not in our records
How this type is taxed is not in our records. A partnership or sole trader is often taxed through its owners; incp.pro does not assume it.
- CFC rules in Kuwait
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution on one of the grounds in Art 266 (expiry of the term, fulfilment or impossibility of the objective, unanimous approval of the partners, bankruptcy, termination of the licence, court judgment, merger); once dissolved the company is liquidated by one or more liquidators appointed from the partners or a third party under the Company Contract (Arts 278-281).
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a company shall be dissolved for any of the following reasons: 1. Expiry of the term of the company as set out in the Company Contract
- Statutory fee
- Not in our records
Every business in Kuwait
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Kuwait.
Payment and banking services
None of the services whose lists we hold names Kuwait. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- General partnership
- Identifier
- KW-GENERALA form ISO 20275 does not list.