27. Except investment in:
1) a natural resource or public utilities
2) a monopoly shall not be granted except by law
28.
29.
30.
31. 2. Automatic Entry with a Simple
Registration:
License Automatically Issued once the
application fulfills the criteria , principles
and rules established by the Board
32. III- Institutional frame work
1- Establishment of a new Investment Public
Authority KDIPA
2- KDIPA’s Governance:
- Board of Directors overseeing KDIPA is to be
comprised of representatives from both the
public and private sectors
- The authority is chaired by the Minister of
Commerce and Industry
- Director General is non voting member in Board
33. 3- Reliance on the One-Stop Shop concept:
- 116 adopts the OSS approach overseen by
KDIPA
- OSS aims to coordinate with the relevant
government authorities, with a view to
completing all procedural steps with in the
timeline.
38. • The Investor has the right
to transfer or relinquish
the ownership of the
licensed Investment
Entity, or dispose over it
in whole or in part, for
the benefit of a foreign or
a Kuwaiti investor.
39.
40. The investor entitlements
the basic principles of
confidentiality in respect of:
- The technical,
- economic and financial
information relevant to
the project,
- and to safeguard
initiatives.
41. • Investor will benefit from :
1- Exemption form for a maximum
period of 10 years;
2- Exemptions;
3- Employment of Foreign Labour;
4- and real estate;
5- International related to investment
and the avoidance of double taxation;
42.
43. The Council of minsters may decides to grant
certain advantages and exemptions which are
not mentioned in 116
44. Criteria for Granting Incentives
116 introduces a list of non exhaustive criteria
upon which the value ,type and duration of
incentives and exemption granted for investors.
The Incentives shall be linked to all or some of
the following Criteria:
45. • Transferring and settlement Technology …..
• Amount and quality of products and services
• The needs of Domestic and Gulf Market for
direct investment and its contribution to
economic diversification.
• Increasing the national Exports
• Job Creation & training for national workforce
46. • Developing of areas which lacks similar
projects or activities.
• Favorable environment impact.
• Offering services to Community
• Using national products.
• Using national technical , professional and
consulting services
