Benefits of Kuwait investment law outlined

Published April 24th, 2006 - 07:32 GMT
Al Bawaba
Al Bawaba

Kuwaiti Ministry of Commerce and Industry's Assistant Undersecretary for Foreign Trade Hamad Al-Ghanim outlined Sunday the benefits of the country's investments law for the various firms wishing to invest in the local markets.

 

Speaking to Kuwait News Agency (KUNA), Al-Ghanim noted that the law features exemptions from all taxes for 10 years starting from the launch of the project's operations.

 

Other benefits, according to him, offer partial or full exemptions on customs for the project's equipment and allowing use of foreign manpower.