19 Hrs
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الراي
Regulating Economic Activities for Transparency
Decree Law No. 78 of 2026 was issued in Kuwait to combat commercial concealment, aiming to regulate economic activities and ensure transparency, justice, and equal opportunities. The law mandates obtaining a prior license to conduct any economic activity and prohibits concealment that enables individuals to practice unauthorized activities without licenses. Offenders face imprisonment from one to three years and fines up to 100,000 Kuwaiti dinars, with profits and funds being confiscated, the closure of the establishment, and license cancellation. Penalties are more severe if violations are repeated within five years; settlement is possible for half the maximum fine. Additionally, authorized personnel are granted the status of judicial officers, and procedures are outlined for rewarding whistleblowers, all in an effort to regularize the business environment and protect economic stability.
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