ARTICLE · 29 APRIL 2025

Economic Liberalization In Kuwait: Welcome, Foreign Investors

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The business and economic landscape of Kuwait just changed.

KuwaitGovernment, Public Sector

Ali Boshehri

Ameena Almutawa

The business and economic landscape of Kuwait just changed. With the ratification of the first law of 2024: Law Regarding the Amendment of Article 24 of the Commercial Law and Article 31 of the Public Tenders Law (1/2024) (the "Foreign Company Amendments Law") on 21 January 2024, foreign companies now have direct, unhindered access to the Kuwaiti market, and are able to establish branches in Kuwait without the need for a local commercial agent.

The History

Before the Foreign Company Amendments Law, foreign companies had limited options to engage in business in Kuwait, and were able to do so only by having a majority Kuwaiti partner or have a Kuwaiti commercial agent. These requirements were enshrined in Articles 23 and 24 of the Commercial Law (68/1980) ("Commercial Law").¹

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