Kuwait Archives - Page 29 of 33 - LexisNexis Middle East

Kuwait: Transfer of Salaries for Workers Within Two Months of Work Permits Issuance

14/12/201912/12/2019
by Benjamin Filaferro

Asil Almazid, spokesperson and director of the Public Relations and Media Department in the Authority for Manpower of Kuwait, has announced Circular 26/2019 on giving business owners two months from the date of issuance of work permits to pay the salaries of the workers. Businesses should transfer the wages via bank transfers to local finance companies for their workers who have been recruited from abroad. Almazil has said the Labour Inspection Department is conducting an inspection to make sure that this deadline is being respected.

News developments

Oman Joins Multilateral Convention on Mutual Administrative Assistance in Tax Matters

07/12/201911/12/2019
by Benjamin Filaferro

Oman has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It aims to tackle offshore tax evasion and avoidance. It provides for all forms of administrative assistance in tax matters: exchanges of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It also guarantees extensive safeguards for protecting taxpayers’ rights. The Sultanate also signed the Common Reporting Standard Multilateral Competent Authority Agreement.

News developments

Kuwait: Draft Anti-corruption Law Submitted

07/12/201911/12/2019
by Benjamin Filaferro

A Kuwaiti MP has submitted a draft amendment to the country’s law establishing the Kuwait Anti-Corruption Authority in terms of the provision on disclosing assets and liabilities. If approved, the amendment will mean MPs suspected of corruption will be immediately suspended and prohibited from contesting the next parliamentary election until a court verdict is issued. It will also mean that if a public prosecutor thinks they have collected sufficient evidence of the involvement of an MP in corruption, they will have to immediately inform the Speaker of the National Assembly and the relevant MP as well as refer the case to the appropriate court. The MP will then be suspended with full pay until a court verdict is issued or the current Parliamentary term ends.

News developments

Kuwait: New Health Insurance Fees on Expats in 2020

30/11/201911/12/2019
by Benjamin Filaferro

Kuwait’s health ministry and the Health Assurance Hospitals Company (Dhaman) have started work to prepare a plan to implement new health insurance fees on expats by the beginning of 2020, according to official sources. The new fee would be KD 130 per expat working in the private sector and the same for each of their dependents. The sources said the new fee will cover medical and radiology tests and treatment. However, the new law does not specify who will be responsible for providing visitors with healthcare, but paying for healthcare of dependents will be the responsibility of the company the expat is registered with. The health ministry is expected to fully support insurance hospitals as part of its plan to force expats to receive medical treatment in private hospitals and leave public hospitals for citizens. Nonetheless, public hospitals are expected in exceptional circumstances to treat expats in emergency cases for specific fees which will be determined in related ministerial decisions.

News developments

Kuwait: New Decision Including Regulations for Mobile Vehicles

23/11/201911/12/2019
by Benjamin Filaferro

Kuwait’s Trade and Industry Minister has issued a Decision including regulations for mobile vehicles. The Ministry said the Decision sets out five conditions for mobile vehicles operation including establishing a sole trader enterprise or a company with limited liability to operate mobile vehicles. The person establishing the company should be a natural person with Kuwaiti citizenship. The manager should be Kuwaiti and the number of vehicles shouldn’t exceed one vehicle for pensioners and two for those who operate them under Section 5 of the Social Insurance Law or those who work in the civil sector according to Section 3 of the Social Insurance Law.

Expired Kuwait Business Law Forum (Third Edition) – 27 November 2019

03/11/201911/12/2019
by Benjamin Filaferro

We're sorry, but all tickets sales have ended because the event is expired.

Kuwait Business Law Forum - Third Edition
27/11/2019
8:30 AM - 2:00 PM

After the success of the 1st and 2nd Kuwait Business Law Forums, LexisNexis, in collaboration with Al Yaqout & Al-Fouzan Legal Group, will host the 3rd Kuwait Business Law Forum that will cover the latest legal developments and trends in Kuwait. The 3rd Kuwait Business Law Forum will gather the leading legal (more…)

News developments

Kuwait’s Court of Appeal has ruled a local bank could not increase the interest rate on a loan

02/11/201911/12/2019
by Benjamin Filaferro

Kuwait’s Court of Appeal has ruled a local bank could not increase the interest rate on a loan. The claim was brought by a lawyer who argued the bank breached the law when it deducted interest from her client loan before deducting the actual amount lent to her client. The lawyer argued the bank breached the Civil Law and Trade Law.

News developments

Kuwait will allow expatriates to transfer their visit visas to work visas

27/10/201911/12/2019
by Benjamin Filaferro

According to local newspaper reports, Kuwait’s Deputy Prime Minister and Interior Minister has issued a Ministerial Decision which will allow expatriates to transfer their visit visas to work visas. Under Kuwait Ministerial Decision No. 957/2019, visit visas can be transferred to residence visas for dependents arriving on family or tourist visit visas, domestic helpers, holders of valid residence who do not exceed stay of 6 months outside Kuwait and have to enter with a visit visa, those who enter for work and start procedure to get residency but have to leave for maximum one month and visitors of ministries and public authorities with a Government visit visa. It will cost 3 Dinars to get a visa on arrival, 10 Dinars a person a year to renew residence and 10 Dinars a person a year for dependent residency fees for spouses and children.

News developments

Kuwait: Consultation on the Law Exempting the Wives of GCC Nationals from a Citizenship

22/10/201911/12/2019
by Benjamin Filaferro

The Kuwaiti Government is consulting on exempting the wives of GCC nationals from a Citizenship Law which is currently under consideration. If approved, the Law will allow the spouses of Kuwaitis to apply for citizenship if they have been married for 18 years. Currently, they can apply after five years. The draft law has been referred to the Interior and Defence Committee of the country’s National Assembly. The country’s Parliament has already approved the amendment to Article 8 of Kuwait Emiri Decree No. 15/1959 on citizenship which states the wives of Kuwaiti men can obtain citizenship after 18 years of marriage instead of five.

News developments

Kuwait: Controls to be Tightened over Markets and Ban Imports of Somali Coal

23/09/201911/12/2019
by Benjamin Filaferro

Kuwait’s Ministry of Commerce and Industry has brought to the attention of relevant officials to tighten control over markets and ban imports of Somali coal. The moves is as a result of fearsmoney earned from coal export in Somali may be indirectly used in financing terrorist activities. The ministry had received a letter from the United Nations on this subject. The steps have been taken as part of the United Nation’s work to remove financial resources which support crime.