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Capitalisation
Contributions in non-monetary terms, such as licence arrangements, trade-mark use, The Joint Venture will need to establish a cash equity investment of at least 30% of the total capitalisation required. Adequate capitalisation of Joint Ventures shall be a pre-requisite and be calculated according to normal financial criteria. Debt
The ownership and capital structure applies to ventures established in Kuwait. In an event that a contractor establish an overseas venture and has a Kuwaiti national as a shareholder in an existing venture, the ownership and capital structure shall be at the discretion of both parties, particularly according to the law of the host country. The Ministry of Finance (Program Executive Office) must approve any appointment or organization of an overseas project. |