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Saturday , March 25 2023

1,285 permits issued via ‘single counter’ in February: Kuwait Commerce Ministry

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KUWAIT CITY, March 3, (KUNA): The Ministry of Commerce said on Sunday that 1,285 commercial licenses for companies were issued via Kuwait single business counter last February. The permits included 1,232 for individuals’ companies, 20 for very small businesses (VSBs) and 33 others for mobile vendors, the ministry said in a press statement.

The ministry had also received 4,471 applications for establishing companies, 2,633 of which had been approved. Up to 1,074 companies were founded, 1,561 in the process. Moreover, there had been 1,771 permits’ applications for individuals’ companies, 1,232 of which had been issued and 645 in the process.

The single counter had also received 115 applications to launch VSBs, 37 had been approved. Formation of nine companies had been accomplished, 28 underway, in addition to 36 ones for granting licenses to very small companies, 20 of which had been released, 16 in the process. Furthermore, there had been 120 applications for granting permits for mobile vehicles, 33 had been licensed and 87 still being processed