Our Corporate Services team supports clients through every step of setting up their business in the State of Kuwait.
Before entering the market in the State of Kuwait, it is important for companies to consider their structuring needs to ensure they meet their objectives. Our Corporate Services team supports clients through every step of setting up their business in the State of Kuwait.
Corporate structure advisory: We advise companies on the most appropriate legal structure to support their business objectives, looking at registrations, onshore, offshore company incorporations, and corporate secretarial services across a number of jurisdictions.
Corporate licensing: We help businesses to apply for professional and corporate licenses.
Payroll Services: We will be able to assist our clients with managing their Payroll processes. Our payroll processing will be done in house and will be independently reviewed by another person to ensure accuracy of payroll before it goes to the company management.
Custom Duties: Tax Residency certificate for Expatriates: We have now started the process for applying for the Tax Residency Certificate (TRC) for the expatriates working at our clients. The ministry has now streamlined the process for the issuance of the TRC and we await the issuance of the TRC subject to no changes in the processes of the MOF in this respect.
Tax Clearance Certificates (TCC) for GCC and Kuwaiti Entities: We are able to assist Kuwait and GCC entities that are owned 100% by Kuwaiti or GCC nationals to obtain a blanket TCC such that payments can be received gross and without application of 5% tax retention by contract owners. Our services include assistance in collating the necessary documents and completion of forms to the MOF applying for the TCC together with follow up with the MOF for issuance of the TCC.
Accounting support services: We are able to assist our international clients with recording of all transactions, preparation and review of Trial balance, Profit & Loss account and Balance Sheet, preparation of bank reconciliation statement and other supporting schedules.
Company Setup and Administration Support: We are able to assist our client with the Company secretarial services including for example, company formation and registrations. In addition, we can also assist the client to arrange for a Board Meeting, provide company secretary support and help the client with regulatory or other filing services.