Doing Business with Kuwait » (REV)

Paul Kennedy is a chartered certified accountant and senior management consultant who has been living and working in Kuwait since 1988. With strong personal connections in local business and political circles, he is the proprietor of DalCais Consultants, a small independent consulting agency that services a few select clients. He is also the managing editor of Kuwait this Month, the only business and social English language magazine for expatriates in Kuwait.

* This timely book will include the latest legislation on the conduct of foreign businesses operating in Kuwait* Invaluable, authoritative, practical advice for any organization planning or currently investing and trading in Kuwait One of the six Gulf Co-operation Council (GCC) countries, the State of Kuwait became an oil exporter more than half a century ago, and its economy is still based on hydrocarbons. The oil industry is a prime target for development and offers opportunities for the foreign investor. Kuwait is a very attractive place to do business because: * About 40% of its population of 2.3 million enjoy some of the highest disposable incomes in the world * It imports most of the goods, technical expertise and labor it requires (non-Kuwaitis represent about 80% of the labor force) * There are plenty of opportunities for major contracts * There are few controls over imports and exports * There are no exchange controls or restrictions on the repatriation of funds * The country has good communications and a sophisticated trading infrastructure * English is used fairly widely as the second language of business. "Doing Business with Kuwait" illustrates local business practices and indicates how commercial opportunities should be approached. This fully revised second edition is the definitive source of reference for both major international corporations and independent entrepreneurs looking to exploit the commercial potential of the "Pearl of the Gulf". Contents include: business background, business laws, taxation, business activities, social and behavioral aspects and cultural aspects.