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SME owners to be fined for subleasing projects to expats

Tuesday, May 23, 2017

The government would impose fines on Kuwaiti entrepreneurs who sublease the Small and Medium Enterprises (SME) projects to expats and those who do not hire citizens.

The government is also considering including retirees as part of the National Fund for Small and Medium Enterprises (SME) Development and providing them with capital needed to start their SME projects to revive local markets and create more job opportunities for Kuwaitis.

The total spending on entrepreneurial projects so far is only KD 6 million out of the fund’s KD 2 billion capital.

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Latest News
Eight expats jailed for bribing officer for getting driver’s licenses
IBPC Kuwait Hosts Gift City - IFSCA Investment Opportunities for NRIs
Kuwait weekend weather expected to be hot
LuLu Hypermarket launches 22nd anniversary celebrations in Kuwait
MoH refute rumors on non-availability of antibiotics
Obituary: Darrell John Chowdhury
Former Kuwait based Indian Dr. Mirza Umair Beg passed away in Lucknow
Kuwait again suspends issuing work permits for Egyptians
LuLu Hypermarket marks 22nd anniversary with biggest sale promotion
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