Limited liability company (الشركة ذات المسؤولية المحدودة)Kuwait
What it takes to form, own and run a private limited company in Kuwait, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Quote
The company is incorporated by virtue of a contract by which two or more persons undertake to participate in a profit-making project
Quote
The company shall be managed by one or more managers, to be appointed in the Company Contract from among the partners or third parties.
Quote
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.
Quote
An annual income tax is hereby imposed on the income of every body corporate , wherever incorporated , carrying on trade or business by the activity in the State of Kuwait
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
Quote
The company shall be managed by one or more managers, to be appointed in the Company Contract from among the partners or third parties.
- Shareholders
- At least 2 · at most 50 · a company may be one
Quote
The company is incorporated by virtue of a contract by which two or more persons undertake to participate in a profit-making project
- Members
- At least 2 · at most 50
Quote
ال يزيد عدد الشركاء فيها
- 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
Quote
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
- Required
Quote
The Company Contract of the Limited Liability Company must provide for the appointment of one or more auditors to audit the accounts of the company.
- 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 Limited liability company (الشركة ذات المسؤولية المحدودة) are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Limited liability company (الشركة ذات المسؤولية المحدودة).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 15%+1 regime
Decree 3/1955 as amended by Law 2/2008, Art 1 and bylaw Art 9: 15% of the net taxable income of a body corporate carrying on trade or business in Kuwait, 'irrespective of its legal form, capacity of its partners, place of incorporation'. The decree text does not say how a Kuwaiti-owned share is taxed; the Ministry's tax Q&A names the National Labour Support tax and Zakat as separate existing taxes and 'income tax on foreign companies', without their rates (not read).
Quote
An annual income tax is hereby imposed on the income of every body corporate , wherever incorporated , carrying on trade or business by the activity in the State of Kuwait
Special regimes that may apply
- Exemption from income tax or any other taxes for entities licensed under Law No. 116 of 2013 other
An investment entity licensed by KDIPA, and any licensed expansion of it, from the date its operations actually commence Law No. 116 of 2013 regarding the Promotion of Direct Investment in the State of Kuwait, incentives article as published by KDIPA under 'Guarantees & Incentives', item 01
Whether a company qualifies depends on its activity and conditions set in each statute.
- 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).
Quote
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
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Limited liability company (الشركة ذات المسؤولية المحدودة)
- Identifier
- KW-LLCA form ISO 20275 does not list.