Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Kuwait (304) > Economic and social policy (10)

Name: Law No. 116 of 2013 on Promoting Direct Investment in the State of Kuwait.
Country: Kuwait
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 2013-06-16
Entry into force:
ISN: KWT-2013-L-98362
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=98362&p_lang=en
Bibliography: Legislation online in Arabic Legislation online in Arabic Reqaba, P. 113 a PDF in Arabic PDF in Arabic (consulted on 2015-03-03)
Legislation online in English Legislation online in English Kuwait Direct Investment Promotion Authority, State of Kuwait PDF in English PDF in English (consulted on 2015-03-03)
Abstract/Citation: Article 1: Definitions.
Article 2: Establishment of the Authority.
Article 3: Aims of the Authority.
Article 4: Tasks of the Authority.
Article 5: Board of Directors of the Authority.
Article 6: Meetings of the Board.
Article 7: Conflict of Interest.
Article 8: Powers of the Board.
Article 9: Director General.
Article 10: Financials of the Authority.
Article 11: Negative List.
Article 12: Type of Investment Entity.
Article 13: Rules of Application.
Article 14: Issuance of Licenses.
Article 15: Term for Decision on Application.
Article 16: Rejection of Application.
Article 17: One-Stop Shop.
Article 18: Accounts of the Investment Entity.
Article 19: Compensation for Expropriation.
Article 20: Disposal of the Investment Entity.
Article 21: Merger of Investment Entities.
Article 22: Transfer of Monies Abroad.
Article 23: Confidentiality of Information.
Article 24: Legislative Framework of Direct Investments.
Article 25: Scope of the Law's Application.
Article 26: Competent Courts.
Article 27: Incentives and Exemptions.
Article 28: Applicability of Incentives and Exemptions to Partnerships of the Public and Private Sectors.
Article 29: Application and Criteria for Granting of Incentives.
Article 30: Investment Register.
Article 31: Annual Report.
Article 32: Sanctions in Case of Violation of the Law or the License.
Article 33: Appointment and Powers of Judicial Officers.
Article 34: Obligations of the Investor.
Article 35: Funds, Assets and Employees of the Authority.
Article 36: Executive Regulations.
Article 37: Repeal of Law No. (8) of 2001.
Article 38: Implementation of the Law.
Basic text(s):
Implementing text(s):

© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer