The Financial and Economic Affairs Committee of the Kuwaiti Parliament approved a proposal to abolish the requirement of a "local agent" for foreign companies wishing to establish a branch in Kuwait stipulated in the Trade Law, which is a step towards paving the way for foreign investments wishing to enter the market and diversify the economy.
The proposal allows foreign companies to open branches in Kuwait and practice their activities directly without a local agent, including competition for government tenders, which opens the door to competition in an expanded manner, and reflects positively on improving the quality of services in the country, whether provided in business, or through government tenders.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
