Kuwait

Ease of Doing Business in

Kuwait

This page summarizes Doing Business 2014 data for Kuwait. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Middle East & North Africa
Income Category High income
Population 3,250,496
GNI Per Capita (US$) 45,824
City covered Kuwait City
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
104 101 down -3

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
60.69 60.44 down 0.25
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 152 DB 2013 Rank*** 143 Change in Rank down-9
DB 2014 DTF** (% points) 69.51 DB 2013 DTF** (% points) 70.56 Improvement in DTF** (% points) down-1.05

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Kuwait Middle East & North Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
12 8 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
32.0 19.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
1.1 28.9 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in Min. Capital (% of income per capita)
77.9 45.4 10.4
No. Procedure Time to Complete Associated Costs
1 Register at the Department of Companies of the Ministry of Commerce and Industry (MOCI) 1 day no charge
2 Reserve a unique company name 1 day no charge
3 Retrieve the letter addressed to the bank from the Department of Companies 1 day no charge
4 Deposit the capital at the bank and obtain proof thereof 1 day no charge
5 Receive inspection of the company premises by the Municipality 5 - 14 days no charge
6 Obtain the approval of the memorandum of association from the Department of Companies 1 day no charge
7 Notarize the memorandum of association before a public notary 2 days KWD 2 for the first page of the Memorandum and KWD 1 for every subsequent page
8 Register with the Commercial Registry 1 day KWD 7
9 Obtain the commercial license from the Department of Companies 2 days KWD 30
10 Register with the Kuwait Chamber of Commerce and Industry 1 day KWD 82 for registration and KWD 55 for annual renewal
11 Register with Public Authority for Civil Information (PACI) 15 days KWD 5
* 12 Register at the Ministry of Labor and Social Affairs 15 days (simultaneous with procedure 11) no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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