Eases property ownership rules for foreigners
10 Feb 2025
On February 10, 2025, Kuwait issued Decree Law No. 7/2025 amending the provisions of Decree Law No. 74/1979, which regulates the ownership of real estate properties by non-Kuwaitis. Historically, property ownership in Kuwait was restricted to citizens, nationals of other GCC member states, and diplomatic entities. With this new amendment, Kuwait has expanded property ownership rights to include entities licensed by the Kuwait Direct Investment Promotion Authority (KDIPA), companies listed on the Kuwaiti stock exchange, and licensed real estate funds and investment companies, allowing them to own property in the country for operational purposes or employee housing
Nature of measure:
Type:
-
Entry and establishment (Access to land)
Industry:
Inward FDI:
No
Outward FDI:
No
Sources:
