In the State of Kuwait, there are many investment opportunities available to investors from citizens, Gulf countries and foreigners, and the state is keen to provide many facilities and advantages to investors in order to attract them and enhance its economic strength at the regional and global levels.
Investing Opportunities in Kuwait
There are many opportunities available for investment in Kuwait, and all investors and capital owners can choose to find opportunities that meet their aspirations and ambitions with great ease. The following are some of the most prominent of these opportunities:
Investment in the Kuwaiti infrastructure and construction
There are many investment opportunities in infrastructure and construction within the State of Kuwait, including road infrastructure and mega projects in the public and private sectors, and all leading companies in this field can easily provide their services in Kuwait and obtain various contracts.
Investing in renewable energy sector in Kuwait
Like many other countries around the world, the State of Kuwait seeks to rely on renewable energy sources instead of oil energy, and therefore many investment opportunities can be found in this field, including investment opportunities in solar energy and others.
Investing in the education and training sector in Kuwait
The State of Kuwait is constantly seeking to attract leading global institutions in the academic and training fields to reach international recognition and education standards, and has allocated a lot of money to invest in this field, and global education and training institutions can find many investment opportunities in this sector.
Investing in the gold sector in Kuwait
The value of Gold Price in Kuwait changes from time to time based on global prices, and many opportunities can be found in the sector of buying and selling gold bars, pieces and jewelry in Kuwait, which is one of the thriving and safe sectors.
Investing in the banking and financial services in Kuwait
Many people turn to investment opportunities in banking and financial services in Kuwait because it is one of the countries with great economic power, and its currency is also the most expensive currency in the world, and it includes many financial and banking service providers within its territory.
Investing in the healthcare sector in Kuwait
The State of Kuwait allocates a large percentage of the GDP and the Kuwaiti budget to healthcare, and a lot of money is spent in this sector to ensure that all citizens receive the healthcare they need in addition to making it one of the leading countries in this field, and this sector represents a distinct investment opportunity for many leading companies globally.
Investment in the industrial oil and gas sector in Kuwait
The State of Kuwait is one of the world’s leading countries in the field of oil and industrial gas in Kuwait, and provides many investment opportunities in this field, whether in exploration, transportation or export operations. Companies specialized in this field can provide their services in Kuwait after obtaining a license from the competent authorities.
Investing in the tourism and entertainment in Kuwait
The State of Kuwait overlooks the Arabian Gulf, and it also includes many distinctive entertainment and tourist attractions that tourists want to see, including: Kuwait Towers, Kuwait Castle, and the Red Palace. All specialized companies can find a large number of investment opportunities in the field of entertainment and tourism services within the country.
Advantages granted to investors in Kuwait
The following list shows the benefits granted to investors in Kuwait according to the applicable laws and decisions:
- Exemption from income tax or any other taxes for a period not exceeding ten years from the date of the actual commencement of operations of the licensed investment entity.
- Exemption of any expansion of an Investment Entity, licensed in accordance with the provisions of this Law, from the taxes set forth in the preceding paragraph, for a period of no less than the duration of the exemption granted to the original Investment Entity as of the date of commencement of production or actual operation of the expansion.
- Without prejudice to the provisions of the Unified Customs Law of the Gulf Cooperation Council States Countries, the following shall be wholly or partially exempted from taxes, customs duties or any other fees that may be payable on imports required for the purposes of Direct Investment:
- Machinery, tools and equipment and means of transport and other technological devices.
- Spare parts and necessary maintenance supplies for what has been described in the previous subsection.
- Merchandise, raw materials, partially manufactured goods, wrapping materials and packaging.
- The use of land and real estate allocated to the Authority or that is subject to its supervision or management, in accordance with the principles and rules established by the Board in this regard.
- The employment of foreign labor required for the investment, in accordance with the principles and restrictions established by decision of the Council of Ministers in respect of the minimum proportion of national employment that must be provided.
- The Council of Ministers may decide to grant some cases and groups certain advantages and exemptions, which are not mentioned in this article.
The most important countries investing in Kuwait
Many countries benefit from the distinguished investment opportunities in the State of Kuwait, most notably France, whose investments amounted to approximately 1.844 billion US dollars from 2012 to 2016.
The United Arab Emirates comes in second place with investments worth $831 million during the same period. Other countries that invest large sums in Kuwait include: the People’s Republic of China, South Korea, Japan, Bahrain, and the United States.
Tips for engaging in investment opportunities in Kuwait
Here are some tips for engaging in investment opportunities in Kuwait:
- Understanding the basics of investment: It is necessary to understand the basics of investment well before engaging in any of the opportunities provided by the State of Kuwait, in order to ensure a strong start that generates good profits for the investor and reduces the degree of potential risks due to not knowing the basics of investment.
- Good research: All investors must research well the investment opportunities available in the State of Kuwait, in addition to identifying the risks surrounding each opportunity and knowing the advantages it has, in order to determine the safest and most beneficial opportunities.
- Create spending plans: It is necessary to create specific plans for personal spending before starting the investment, in order to ensure that the capital sufficient for monthly expenses is provided, in addition to providing a fund to pay money in emergency situations, so that the new investor can establish his reputation in the market and begin to reap large profits.
- Understand liquidity restrictions: Understanding liquidity restrictions is very important when you want to engage in Kuwaiti investment opportunities. This includes knowing the liquidity of the available opportunities and the extent to which they can be sold and disposed of.
- Know the tax restrictions: All investors must be aware of the tax restrictions imposed by Kuwait on the available opportunities and sectors, in order to avoid engaging in investments that entail a lot of taxes.
- Identifying potential risks: It is necessary to identify all potential risks surrounding investment opportunities available in the State of Kuwait before engaging in any of them, and the opportunities that provide the highest levels of safety and profits must be chosen.
- Hiring an advisor: The advisor may be more knowledgeable about the investment opportunities available in the State of Kuwait and the feasibility of engaging in any of them. You can hire one of them to access the appropriate financial tools, accounts and platforms in addition to obtaining appropriate advice regarding investment.
- Knowing the advantages and facilities: The State of Kuwait may provide many advantages and facilities for some sectors and investment opportunities without other opportunities and sectors, and it is necessary for the investor to know the advantages and facilities available to choose the best sector and opportunity.
Conclusion
Through the Kuwait How website, you can learn about many investment opportunities available in the State of Kuwait, including the gold sector in addition to buying and selling currencies; it is one of the thriving sectors due to the presence of a large number of foreigners residing in the State of Kuwait.