Foreign Capital Investment Law

Foreign Capital Investment Law The National Assembly has approved the Foreign Capital Investment Law (FCIL) stating the following: · Full or partial exemption from customs duties for qualified projects. · An exemption of taxes for a period not to exceed Ten years on approved projects for Non-Kuwaiti shareholders share of profit. · Benefits from Avoidance of Double Taxation Treaties and investment promotion and protection agreements. · A foreign entity can incorporate a 100% owned company in Kuwait, subject to the approval of the concerned authorities. ______________________________________________________________________________