The Kuwaiti government, following its formation in May, has launched commitments to improve the business environment and prepare it to attract foreign investments to the country to benefit from the numerous investment opportunities in various available fields.

After studying the legislative needs of the Kuwaiti business market, the government has begun implementing its pledges to review the existing economic laws package more than three months ago. Among the results of this review was the amendment of some provisions of the Companies Law by Amiri Decree No. 106 of 2024, representing a pivotal step to improve the business environment and enhance its attractiveness for investment, and the beginning of efforts to raise the level of transparency and achieve good governance.

Markets By Kuwaiti Attorney Abdulrahman Alhouti

Trademarks are among the most important elements of intellectual property that align with most local legislations of member states in international agreements aimed at protecting creativity, innovation, and enhancing economic competitiveness. The most significant of these are the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and the Paris Convention for the Protection of Industrial Property. The TRIPS agreement deals with trade-related aspects of intellectual property rights and is binding for all World Trade Organization members, while the Paris Convention applies to industrial property in its broadest sense, including patents, trademarks, industrial designs, service marks, trade names, geographical indications including source indicators and appellations of origin, as well as the prevention of unfair competition.