Royal Decree-Law on Combating Cover-ups
Decree-Law No. 78 of 2026 has been issued regarding the crackdown on commercial concealment, aiming to regulate and formalize economic activities in Kuwait. The decree prohibits engaging in any commercial activity within the country without obtaining authorization from the relevant authorities. It strictly forbids commercial concealment, whether directly or indirectly, and imposes penalties on violators including imprisonment for one to three years, fines ranging from 10,000 to 100,000 Kuwaiti dinars, along with the confiscation of funds and profits gained from the illegal activity. The decree also emphasizes holding those responsible for management accountable and allows for settlement through fines. Additionally, designated officials are granted judicial enforcement powers. The overall goal of the decree is to reduce market chaos and promote justice and transparency. It will come into effect six months after its publication in the Official Gazette.
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