Kuwait's Business Environment

Business regulations

In the recent past doing business in Kuwait was only made possible and easy for Kuwait's nationals, as the past law then was mainly viewed as trying to encourage the locals to be business owners and take all the opportunities available. However this did change when in the year 2001 the Kuwait government enacted law No.8 that was intended to encourage foreign investors to establish their business in Kuwait. Law No.8 was an exception to the law governing doing business in Kuwait as it allowed non-citizens the right to fully own a business entity in certain specific sectors of the economy.

According to research conducted by Braithwaite & Drahos (2000 p78-93), which shows that there are three major factors that potential investors should consider thoroughly before establishing a business venture in Kuwait, first they should have a good knowledge about Kuwait's business environment and they...
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