NO. 34


Financial and Banking News

Free Zones

Kuwaiti Government Approves Draft Law For Free Zone Areas

The Kuwaiti Government has approved a new draft law to set up one or morefree zone areas in the country. The new law, which was submitted to parliamentfor approval, gives the Minister of Commerce and Industry the right to issuelicenses for such areas, which will enjoy a number of tax benefits. Theseinclude an exemption from the payment of taxes and fees for projects set up...