ASAR Al Ruwayeh & Partners Hosts an Exclusive Seminar to Address the Law Regarding the Promotion of Direct Investment in the State of Kuwait
Al Ruwayeh & Partners (ASAR), Kuwaits leading corporate, commercial and finance law firm, announced that it will be hosting a free seminar on Tuesday, 27 October 2015 at the JW Marriot Hotel in Kuwait City where KDIPAs Director General, Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah, senior officials from KDIPA and ASAR partners and lawyers will share their insight on the technical aspects of Law No. 116 of 2013 (Regarding the Promotion of Direct Investment in the State of Kuwait) and its executive regulations (the Direct Investment Law).
The seminar will feature key note speeches by KDIPAs Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah along with other senior KDIPA officials. Part of the seminar will be comprised of a panel discussion with KDIPA officials and will include an interactive Q&A session with audience members. Key discussion points will shed light on the considerable incentives under the Direct Investment Law and practical issues currently facing investors in the course of the KDIPA application process and thereafter. Moreover, the seminar will also address the various exemptions available to investors under the Direct Investment Law with regards to foreign ownership restrictions (which allow foreign investors to own up to 100% of the shares in a Kuwait incorporated company), partial and full custom duties exemptions, and Kuwait income tax exemptions for a period of up to 10 years.
In addition to considering the applications of investors seeking to be licensed to operate under the terms of the Direct Investment Law, the seminar will also highlight the renewal of such licensing and the benefits being enjoyed on an ongoing basis.
As a leading corporate and finance law firm, ASAR is committed to organizing platforms bringing together prominent industry figures and legal experts in an effort to address and discuss key legal and practical issues affecting investors, governmental bodies and the State of Kuwait.
With dedicated offices in Kuwait and Bahrain coupled with its associated offices and relationships, ASAR provides clients across an extensive range of industry sectors with comprehensive legal advice and strategic support for their business activities in Kuwait, across member states of the Gulf Cooperation Council (GCC) and beyond.
The firm has been consistently rated as the leading corporate, commercial and finance law firm in Kuwait by reputable legal guides such as the Chambers Global Guide, International Financial Law Review (IFLR) and the Legal 500. In October 2014 ASAR won the IFLR National Law Firm of the Year Award for the 6th consecutive year and the Project Finance Deal of the Year Award. In addition, ASAR also won the prestigious 2014 Commercial Litigation Law Firm of the Year and the 2014 Best Banking and Finance Legal Team Kuwait awards from Acquisition International Magazine in 2014. ASAR lawyers also received multiple awards under different categories in the Fourth Edition of Best Lawyers in Kuwait.
