Business Reforms in Kuwait
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Kuwait made starting a business easier by establishing a one-stop shop and improving online registration.
Registering Property: Kuwait made registering property easier by lowering the number of days necessary to register property and by improving the transparency of the land administration system.
Starting a Business: Kuwait made starting a business more difficult by increasing the time required to register by requiring companies to submit the original documents online and in person.
Trading across Borders: Kuwait made exporting and importing easier by introducing customs e-links and electronic exchange of information among various agencies.
Starting a Business: Kuwait made starting a business easier by reducing the minimum capital requirement.
Starting a Business: Kuwait made starting a business more difficult by increasing the commercial license fee.
Starting a Business: Kuwait made starting a business more difficult by increasing the minimum capital requirement.
Protecting Minority Investors: Kuwait strengthened investor protections by making it possible for minority shareholders to request the appointment of an auditor to review the company’s activities.
Labor Market Regulation: Kuwait increased the number of days of paid annual leave and increased the notice period applicable in case of redundancy dismissals.
Trading across Borders: Kuwait reduced the time required for customs clearance by improving administrative procedures and staff training.
Resolving Insolvency: Kuwait enhanced its insolvency process by introducing a new legal procedure that enables financially distressed companies on the verge of insolvency to restructure.
Dealing with Construction Permits: Kuwait reduced the time required for dealing with construction permits by introducing an automated system for issuing technical approvals for utility connections.
Getting Credit: Kuwait’s private credit bureau expanded its coverage by adding retailers to those supplying it with credit information.