Both foreign individuals and corporate bodies may establish this type of entity, but a Kuwaiti must own at least 51% of the WLL shares. A WLL is simple to form and takes approximately three months or less to incorporate. The WLL provides the limited liability shield and is non-taxable since Kuwait has no individual income tax and its corporate tax applies only to non-Kuwaiti corporate bodies.
GCC operates a 100% Kuwaiti owned WLL in Kuwait that will act as your corporate sponsor to facilitate the legal requirements of operating a WLL within Kuwait. GCC’s 100% Kuwaiti owned WLL is solely owned and operated by Managing Partner Ahmed Wahedi and will act as your corporate beneficiary for the 51% of the shares held.