Kuwait Court of Cassation principle number 243

A non-Kuwaiti may not engage in commerce unless he has a Kuwaiti partner. This is the general rule. The exception thereto: - 52 - The Law funds he deposits with banks or companies, or agreements he concludes with them to invest such funds for his account in dealing in foreign currency and precious metals, whenever this falls within their objects. This includes limited liability companies. - The special rule does not repeal the general rule but constitutes an exception to it. An example concerning the inclusion of the word companies among those whom the legislature permitted to deal with foreigners in investing their funds under the Commercial Law, and its treatment as an exception to the prohibition imposed on limited liability companies by the Companies Law.