The best investment in Kuwait-WWNEED.COM
Investing is not just for the wealthy or those in middle age with a lot of savings. Investing is a safe and easy way to grow your money, no matter your age or how much money you have. Therefore, even if you have just started saving and searching for your way to investment, you need to know some investment methods that are suitable for you and how to invest in them wisely. Investing today has become much easier than ever before, and the principle of diversification is one of the most important things that you must take care of. The Kuwaiti state provides many attractive investment opportunities. Here is the best investment in Kuwait that you can grow your money through.
The best investment in Kuwait
Why invest in the State of Kuwait?
Kuwait ranks third among the most tax-friendly countries in the world and ranks second in total national savings. It is also the third best economic environment in the world. In recent years, the Kuwaiti government has focused on a massive business and infrastructure programme, dubbed the New Kuwait Vision 2035. It is a strategic plan to move the Gulf state away from its dependence on the petrochemical industry and create a more mature and diversified economy.
If you are looking for the best investment in Kuwait, here are now three main options:
Investment funds
Mutual funds provide you with a high level of liquidity by investing in diversified and high quality money market instruments. They are known in financial circles as low risk investments. Therefore, it is an ideal place for the novice investor to start in order to avoid the large and high risks.
Equity funds
They are also known as equity mutual funds, because they mainly invest in stocks only. Kuwaiti banks own many equity funds that provide good and long-term value for capital because they mainly invest in stocks that are resident and listed in Kuwait. The investment manager of your bank may also choose to invest in non-Kuwaiti stocks that it believes have significant exposure to the Kuwaiti economy.
There are also open-ended debt funds established in Kuwait. These funds are authorized and supervised by the country’s financial market authority. These funds give you exposure to fixed income securities either issued or guaranteed by governments, quasi-governmental entities or companies registered in the MENA region.
Free business
The growth of the state provides ample opportunities for investors. So, starting a business is definitely one of the best investment tip in Kuwait. If you are looking to start a business, Kuwait is ideal for this type of investment. In 2013, the Direct Investment Promotion Authority (KDIPA) created a new commercial law that allows foreigners to own up to 100% of business entities. This greatly attracts foreign investors who want to invest in Kuwait and take advantage of the flat corporate income tax of just 15%. Moreover, the national banks provide easy access to loans as well as various support for startups.
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