IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 29 May 2013 | Removal date: open ended
Still in force

FDI: Financial incentive

On May 29, 2013, the Kuwait National Assembly passed a law that replaced its national foreign direct investment (FDI) office with a new public authority, of which the main goal is to promote FDI and remove barriers to FDI. Kuwait will use a negative list of sectors in which FDI is excluded rather than judging each individual project, thus providing more predictability. In addition, the deadline for delivering the FDI approval will be shortened to 30 days, and in general the new authority will act as a one-stop-shop for foreign investors. The new agency is expected to be fully functional in six months.

AFFECTED COUNTRIES

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