KUWAIT CITY, June 28, (KUNA): The Ministry of Commerce and Industry has commenced an online service for founding soleproprietorship and issuing trade licenses through its single-window website, a senior official said on Tuesday.
The service would undoubtedly contribute to serving the society in general and young owners of small and mediumsized enterprises in particular, and reducing time-consuming procedures, Undersecretary of the Ministry of Commerce and Industry Khaled Al-Shamali told a press conference at the Central Agency for Information Technology.
Relative applications could be submitted to the ministry through the following website: “www.kbc.gov.kw”, he added. He expected an imminent ministerial decree suspending the procedures of founding sole-proprietorship and limited liability companies at the ministry’s headquarters and using the single-window department instead.
The official highly commended the online corporate founding service as a “very ambitious project and quantum leap”, noting that more similar services would be provided in the near future. The single-window service is headquartered at Ashbilia area and more offices will be opened gradually in all other governorates, Al-Shamali added.
The new system would surely serve young people who own small and mediumsized enterprises by means of cutting the license-issuance procedure period, he pointed out. On his part, Acting Director- General of the Central Agency for Information Technology Qusai Al-Shatti stressed the significance of the new service which would surely serve a large number of dealers, including businesses and individuals.
He added that this service would directly contribute to boosting the competitive edge in the country, making it certain that his agency has taken steps to link this service to the country’s official portal.
He noted that the fresh service is the fruit of one-year work and sincere efforts as well as directives from Minister of Commerce and Industry Yousef Al-Ali and Minister of State for Cabinet Affairs and Chairman of the Agency Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah.