On 1st June 2025, the Kuwaiti Ministry of Commerce and Industry (MOCI) announced a new legal directive requiring all companies and institutions operating in Kuwait to disclose the identity of their beneficial owners within a 10-day deadline.
This directive is part of Kuwait’s ongoing efforts to enhance transparency and comply with international standards in the fight against money laundering and terrorism financing. All commercial entities are now legally obligated to identify and report the natural person who exercises actual and effective control over the company—this may include the company director, the principal decision-maker, or the largest shareholder.
The disclosed information will be made accessible to law enforcement, judicial authorities, and regulatory bodies, with the aim of reinforcing transparency in economic and financial activities. Non-compliance may result in legal liability and significant penalties, as the Ministry stressed the importance of accurate company records and regulatory credibility.
To comply, companies must register their beneficial ownership details through the Commercial Register Gateway on the Ministry’s online platform. This requires selecting “Company User” and completing authentication via the “Hawiyati” application.
This announcement serves as the final opportunity to meet the legal obligations and avoid potential violations.
Please ensure the necessary steps are taken before the deadline. Should you require any assistance with the registration process, do not hesitate to reach out.
Key Contacts
Aaron Dikos, Partner, a.dikos@tamimi.com
Ahmed El Fass, Senior Associate, a.elfass@tamimi.com
Mostafa Mohamed, Associate, m.mohamed@tamimi.com