18 Jan 2023

69

Registration Process of a Business in Kuwait

Format: APA

Academic level: University

Paper type: Essay (Any Type)

Words: 514

Pages: 2

Downloads: 0

Specific Title: Registration of Heaven Commercial Building 

Introduction 

The services of business registration enable organizations and corporates in the business sector to register their business at the Kuwait Chamber of Commerce and Industry. Heaven Commercial Building is a hotel for tourists who visit the country. The hotel will provide the best facilities to their customers. The conditions for the business are to get government permission, registration in the tourism site, and submission of required documents to the ministry of information. 

List of parts, tools, and conditions required: 

For hotels, the interiors play a very important role. The furniture and fittings of the hotel should be attractive enough. The company should meet and provide the following requirements for business registration: 

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The applicant must have an original copy of a license issued by the Ministry of Commerce and Industry. 

If the applicant is a company, they must submit an original copy of the deed of association. 

If the applicant is a joint-stock company, they must submit an original copy of the by-law and certificate with authorized signatories from the Ministry of Commerce and Industry, including the Board of Directors members. 

The applicant must present themselves in the Kuwait Chamber of Commerce and Industry and sign. 

Payments are completed through credit card, K-Net, check, or in cash. 

Steps 

Here are the major steps in processing the required papers to be submitted: 

Visit the Kuwait Chamber of Commerce Central Office. 

Get three (3) copies of registration for from window 1. Fill out the form accurately. Do not skip the required fields. 

After filling out the forms, go to window 2 to submit the registration form. The staff will mark the three (3) forms "received" and give back the two (2) remaining forms. 

Proceed to the window 3 section to pay for the registration fee. Note: The registration fee depends on what kind of business the applicant is applying for. 

The window 3 staff will mark a stamp "payment received" on the forms and return the other one as your original copy of the business registration permit. 

Major Step 

Proceed to the printing section at window 4 for the business permit copy to be given to you as your proof that your business permit has been approved and ready to operate. 

Safety information 

The following are the safety measures: 

Please make sure to renew your business permit after a year of the contract, (1) one week before its payment due, to ensure your business will operate continuously to avoid interests and penalties. 

There should be fire extinguishers outside every room of the hotel. 

  The medical team always available in the hospital. 

A proper security system should be there at every entrance. 

There should be security guards. 

There should be proper arrangements for any emergency. 

Conclusion 

Processing of business permits is important to make the business legal. Applicants can avoid penalties by considering the dos and don'ts according to the agreement of both parties. The steps for setting up a commercial building like a hotel include service description, that is, requesting for hotel classification, meeting the eligibility criteria, fulfillment of required documents, following the procedure to obtain a license, payment of registration fees. The major step in this procedure is the fulfillment of the required document, which is large. There are many documents you have to compile. All other are the minor steps of the business. There are various formalities for the registration of commercial building like a hotel, which is to be fulfilled to construct the hotel. The formalities are time-consuming, but the license is essential for doing the business. 

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Reference

StudyBounty. (2023, September 15). Registration Process of a Business in Kuwait.
https://studybounty.com/registration-process-of-a-business-in-kuwait-essay

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