Kuwait Court of Cassation principle number 553

The prohibition on a non-Kuwaiti engaging in trade individually. Excepted from this are funds deposited by a non-Kuwaiti with banks and companies and agreements he concludes with them to invest his funds and to deal in foreign currency and precious metals whenever this falls within the objects of these companies. Article 1, Law 45/1998. Its application to transactions preceding its entry into force. The reason for this. - 105 - Commercial - The prohibition on a limited liability company investing funds for the account of others whenever this activity does not fall within its objects. The prohibition on its conducting insurance operations and banking activities.