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| 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  Reqaba, P. 113 a PDF in Arabic (consulted on 2015-03-03)Legislation online in English Kuwait Direct Investment Promotion Authority, State of Kuwait 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. |
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