More news, events videos & features on our sister title International Adviser.

Kuwait hikes visa fees for investors

Kuwait’s Ministry of Interior has amended its residency rules, including higher visa fees for investors.

The MOI, which announced the changes on 23 November, said the minimum salary requirement for family residence will be KD800, the Kuwait Times reports.

Government and private sector work permits will cost KD20 per year, while investors and real estate owners who meet the ministry’s and investment authority’s conditions may be legible for investor residencies with an annual fee of KD50. An annual fee for self-sponsored residency is being introduced for the first tine at KD500.

Expats with entry visas must apply for a valid residency within two months and must have a passport valid for at least six months. Typically a residency is valid for up to five years, or 10 years for foreign children of Kuwaiti women and property owners and 15 years for investors.

Most types of visit visas are valid for three months and visas can be renewed up to a maximum of one year. A KD10 fee will be levied on every type of visit, including tourism, family visits, medical treatment, business and entry visas issued for work or residency.

The new legislation takes effect on 23 December.

 

 

 

 

Share this article

Marlborough appoints former Rathbones trio to expand portfolio management service

The team is based in Marlborough’s new Winchester office

Read More
Government consulting on cash rewards for whistleblowers

The existing framework was introduced in 1999

Read More
Baillie Gifford rolls out tokenised fixed income fund in Singapore

BAGEY is an actively managed short-duration bond strategy and a fully native tokenised fund

Read More

Sign up to our Newsletter

Unlimited access to real-time news, industry insights and market intelligence

© Investment International  | Site By Furness Media

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram