Legal Framework

This chapter, written in conjunction with Al Tamimi & Co., contains a rundown of the recently issued New Companies Law (NCL). In line with the reforms being implemented in various economies throughout the world, Kuwait, through the introduction of the NCL, is introducing new provisions and amending previous ones to allow more flexibility in establishment and operations, facilitate the incorporation process, make it more efficient, and alleviate other hurdles placed by the Old Law on new and existing investors who are interested in establishing and operating companies in Kuwait.