When seeking a business setup in Kuwait, one of the basic steps that you are likely to undertake is obtaining the relevant business license. In Kuwait, every category of business activity has its own required license, and similar to the other categories, it helps you be able to select the most fitting one for your business endeavor. In this article, you will see the most common types of business license in Kuwait to make the task easier.
Commercial Business License in Kuwait
A commercial business license as it relates to companies in Kuwait that are engaged in the trade of services and goods is essential. Such a license comes in handy if one’s business activities include trading activities Like importing or exporting, real import-export, general trader activities, and so on, hence the exception. The holders of this license can engage in all kinds of mid and low level trade of products and services in business. This type of license is the most favorable for foreigners who wish to establish certain businesses in Kuwait.
Industrial Business License Kuwait
For those businesses that undertake commercial activities in the production or heavy duty business, an industrial business license is needed. This license encompasses activities such as manufacturing goods, processing of raw materials and heavy duty production activities. If you are into physically making or modifying products while in Kuwait, then this particular license will be required for your business to be legally operational.
Service Business Licenses
A license which allows a corporation to conduct activities of providing services such as consultancy, legal services, accounting services, marketing services and IT services are included in service business licenses. This kind of license suits a service industry which does not deal with the selling of commodities or the production of goods.
Trading License
A trading license is only applied to organizations applicable in sale of commodities at either wholesale or retail level. If planning to establish a retail outlet or to participate in the sale of goods within Kuwait, be it local or imported wares, acquiring a trading license is a requirement. This kind of license is very important for those people who want to go into retailing or wholesaling trade in the country.
Real Estate License
If your business consists in activities of purchase, sales and documents of property of real estate it is inundated with requiring a real estate license. This license is important for real estate agents, property management companies and companies that develop properties for commercial and residential purposes.
Agricultural License
For companies dealing with agriculture, farming or any business engaged in the production of agricultural goods, an agricultural license is required. Similarly, this license initiates activities that comprise food production as in crops, animal husbandry and other agro based supply networks.
Obtaining a Business License in Kuwait: Understanding the Requirements and Process
In order to obtain a business license services , one has to go through certain processes which include registering their business with the Ministry of Commerce and Industry, selecting the suitable business structure and acquiring the necessary documents for submission for approval. It is important to note that there is no single license which will cut across all business activity, hence the need to know which license type is appropriate for you.
Why Helpline International?
Having a slant towards a more business oriented endeavor, one of the challenges most applicants face when it comes to incorporating a company in Kuwait is the business license application, especially if they are new in the country. Here at Helpline international, we will help you settle all these problems with regard to your business setup and because of the vast experience which we have in company formation and document processing, Helpline International simplifies the licensing process for you to allow you to concentrate on the growth of your business.
