TaxSavvyKW

NLST and Kuwaitization

Is NLST related to employing Kuwaitis?

The situation

Law 19 of 2000 supports and encourages national manpower in the private sector and also imposes NLST.

The law

  • Law No. 19 of 2000 on supporting national manpower (NLST): 2.5% of net profit for Kuwaiti companies listed on Boursa Kuwait; the same law supports Kuwaiti employment in the private sector

What it means for you

Law 19 of 2000 aims to support and encourage national manpower in non-governmental entities and also imposes NLST on listed companies. The same law underpins Kuwaitization policy. Employers track both the tax and hiring obligations.

What to do

  1. Pay NLST if listed.
  2. Track Kuwaiti hiring.
  3. Register Kuwaitis with PIFSS.
  4. Review yearly.

We can do this for youNLST for Boursa listed companies and KFAS contribution: KWD 600

Related