OrbitaxOrbitax

Kuwait Amends Ultimate Beneficial Ownership Requirements with Additional Exceptions and Enforcement Provisions

|Approved Changes|Kuwait
Kuwait

According to recent reports, Kuwait's Ministry of Commerce and Industry has issued Decision No. 16 of 2025, which amends the country's ultimate beneficial ownership (UBO) requirements. The requirements for companies to maintain a UBO registry and submit UBO information were introduced through Resolution 4/2023, which is effective from 1 April 2023. UBOs generally include natural persons with at…

Continue Reading