Kuwait

Over the past three years Kuwait has promulgated a number of laws concerning public-private partnerships (PPPs), an area which holds great potential in the country. However, since most of the PPP projects initiated by the state are still in their initial phases, it remains to be seen whether there is credence to the proposed Kuwait approach. This chapter looks at the project company structures...

This chapter contains details about Kuwait’s tax system, including rules and regulations for foreign investment, procedures for tax filing and appeals, double-tax avoidance treaty agreements and information on trade licences and sponsorship of foreign firms. This chapter also includes an interview with Qais Al Nisf, Managing Partner, BDO.

In the world of retail, Kuwait is a heavy-hitter. This is despite a relatively small population of some 3.5m. Indeed, with the high level of disposable income that Kuwaitis enjoy, retail sales are expected to grow over the coming years by some 42%, from $8.41bn in 2011 to $11.92bn by 2015. This is because mall shopping has become ingrained in local popular culture. Moreover, in recent years a...