Limited liability companies, usually referred to in Kuwait as ‘With Limited Liability (WLL)’companies, are the most commonly used form of corporate entity in Kuwait.
A With Limited Liability company (LLC) is a legal entity incorporated and licensed under the Ministry of Commerce and Industry in Kuwait. WLL companies can carry on business throughout Kuwait as long as they possess the relevant licensed activity and retain any mandatory governmental approvals.
A minimum 51% of the ownership of the WLL must be held by a Kuwaiti national either as a company which is wholly owned by Kuwaiti nationals as a corporate shareholder or as an individual Kuwaiti shareholder. The remaining 49% of shares may be held by the foreign party by a corporate shareholder or natural persons therein.
GCC Solutions provides clients with transparent corporate shareholding services that ensure the full ultimate beneficial ownership and control remains with the foreign party. As the corporate shareholder of the 51% locally held shares, GCC will not be commercially active in the daily operations of the company and will not be party to any of the clients’ commercial or operational activities accordingly.
Our suite of corporate nominee agreements are appropriately structured to ensure that our clients’ interests are protected. Our clients maintain financial, operational and managerial control of their commercial interests in Kuwait.