Kuwait fast business set up solution in 2025

Because Kuwait is a developing emerging market country, registering a new business is both challenging and time consuming.

Using their preferred corporate structure, our multi-national Clients should expect to legally conduct business in Kuwait within 7 months (click link).

As a work around solution (click link), Healy Consultants Group provides our multi-national Clients a fast business set up option.

Incorporating a new company using Healy Consultants Group professional, passive nominee shareholders and directors and bank signatory, known as a Fast Nominee Solution;

With this fast business set up solution, our multi-national Clients can expect to legally conduct business in Kuwait within 1 month. Refer to more detailed information below:

• Comparing business set up strategies

  Question	Fast Nominee Solution	Register a new business
  Our recommended solution in order of preference?	1	2
  How soon can our Client legally issue sales invoices to customers?	1 month	7 months
  How soon can our Client legally sign sales contracts with local customers?	1 month	7 months
  How soon can our Client lease permanent office premises and warehouse?	1 month	7 months
  How soon can our Client recruit local and expatriate staff?	1 month	7 months
  Estimated total cost of this engagement	US$129,653	US$76,390
  Estimated paid up share capital to be injected over the coming 2 months?	US$ 3,300	US$ 3,300
  How soon can we supply our Client a bank account number?	1 month	6 months
  Physical office required to be leased during company registration?	Yes	Yes
  Must apply for tax numbers?	Yes	Yes
  Must apply for an import\export license?	Yes	Yes
  Must apply for a regulatory license?	Yes	Yes
  Foreign investment Government approval required before legally conducting business?	No	Yes
  How long to appoint our Client’s preferred corporate structure?	5 months	4 months
  Total engagement period; to finish the engagement?	6 months	7 months
  Draft invoice	View invoice PDF	View invoice PDF

• Advantages and disadvantages of a fast corporate solution

  No.	Advantages	Nominee company	Register new business
  1.	Within two months, our multi-national Clients can legally conduct business in Kuwait;	Yes	No
  2.	Our Client does not have to travel to Kuwait for company registration and multi-currency corporate bank account opening;	Yes	Yes
  3.	Our Client can immediately recruit staff to help complete business set up;	Yes	No
  4.	The entity is already registered for tax, including payroll, corporation tax, sales taxes;	No	No
  5.	Government administrative tasks/delays are tackled after business set up, rather than before company registration;	Yes	No
  No.	Disadvantages	Nominee company	Register new business
  6.	It is an expensive solution;	Yes	Yes
  7.	After business setup, it is necessary to spend 12 weeks changing the business activity and change company name;	No	No
  8.	After business setup, it is necessary to spend 12 weeks appointing our Clients’ preferred shareholders and directors;	Yes	No
  9.	After business setup, it is necessary to spend 4 weeks appointing our Clients' preferred bank signatory;	Yes	No
  10.	After business setup, Government foreign investment approval is still required?	Yes	No
  11.	The company might have had business operations in the past, which makes the handover process more complicated?	No	No

• Steps to register a fast nominee Solution

  No.	Steps	Week
  1.	Healy Consultants Compliance Team receives the required corporate and personal due diligence (click link) information from our Client;	1
  2.	Our Client signs Healy Consultants Group engagement letter and returns the original to our Singapore Head office. Our Client settles our fees;	1
  3.	Our Client confirms by email the planned corporate structure and e-mails the required due diligence;	1
  4.	For our Client, Healy Consultants Group prepares a tailored detailed project plan (click link);	1
  5.	Healy Consultants Group supplies our Client due diligence re our temporary professional, passive nominee shareholders and directors and bank signatory;	2
  6.	Healy Consultants Group registers a national LLC with our temporary professional, passive nominee shareholders and directors and injects the paid-up share capital to a temporary multi-currency corporate bank account;	5
  7.	Healy Consultants Group registers our Client company for tax;	6
  8.	The Kuwait bank supplies corporate bank account numbers to Healy Consultants Group, while we act as temporary bank signatory;	6
  9.	If required, Healy Consultants Group will apply for i) a specific regulatory license and ii) an import export license;	7
  10.	Healy Consultants Group emails our Client a template customer sales invoice complying with local commercial laws and includes i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number. Our Client can legally conduct business in Kuwait;	7
  11.	Healy Consultants Group prepares and emails our Client the required documents to appoint them as directors and shareholders and bank signatory including i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Kuwait (if required);	8
  12.	Our Client reviews and signs the documents in front of the Kuwait Embassy Consular at our Client’s country of residence and courier return the same;	9
  13.	Healy Consultants’ Group PLC and our Client attends a meeting with the Kuwait bank to appoint our Client as the new bank signatory and submit the corporate bank package containing: Signed appointment of bank signatory forms; Client’s passport copy and proof of address; Kuwait company kit; Other Client due diligence.	11
  14.	Following a review of the corporate bank account signatory change application, the bank(s) may revert to Healy Consultants for additional information. Healy Consultants and our Client provides the same in a timely manner;	14
  15.	There is a 50% chance that the bank will ask the new bank signatory to travel for a one-hour interview. As always, Healy Consultants will aggressively negotiate for a travel exemption, asking the bank to just perform a Skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Kuwait;	15
  16.	The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to Healy Consultants office or to our Client directly. If sent to us, we will activate internet banking on our Client’s behalf;	16
  17.	If required, Healy Consultants Group will apply for a Foreign Investment Approval Certificate from Kuwait Direct Investment Promotion Authority (KDIPA);	17
  18.	Following a review of the foreign investment license application, KDIPA may revert to Healy Consultants for additional information. Healy Consultants Group and our Client provides the same in a timely manner;	19
  19.	The Ministry of Commerce and Industry approves the foreign shareholder to purchase shares in the local company. Immediately after, Healy Consultants Group submits an application to the Ministry of Commerce and Industry to amend the Memorandum of Association;	21
  20.	The Ministry of Commerce and Industry issues the amended Memorandum of Association, showing the new shareholder, company name, business activity and charter capital;	22
  21.	Immediately after, Healy Consultants Group emails our Client i) amended Memorandum of Association showing the appointment of the new foreign shareholders and directors;	23.
  22.	Healy Consultants Group will courier the following to our Client: Company kit containing original Kuwait corporate documents; The banking kit; Healy Consultants Customer Satisfaction Survey;	24
  23.	Healy Consultants Group successfully completes our Client’s engagement.	24