I’m always on the look out for business opportunities and how I can go about implementing the business. I’m currently working still working for two companies, one managing the details and the other completely involved in. What I am also looking into is services business in and out of Kuwait, in two different fields.
What you find is the difficulty is all the paperwork and bureaucracy that you have to go through. The permits and different contracts with all the details make it really difficult for a person to get everything up and running. In Kuwait they make it really difficult for a person to start a Small Business with no incentives to start up and even with financial companies there are no real benefits to go with them. In Kuwait if you want the paperwork done for any kind of permit you just pay 600 – 1200 KD for the permit you want to a “Permit Specialist” and he will finish everything up for you without any questions and its all legal. If you do it yourself you will be running around for months within the government departments and all the different branches. Once you get the hang of it you do know your way around, but overall it takes a lot of practice and patience.
One thing is for sure, I really do enjoy seeing young entrepreneurs working on their start-ups and they slowly become successful. Currently most young business entrepreneurs are opening restaurants, interior design, and architecture firms with certain goals they have in mind. A lot of obstacles to face in Kuwait when starting a business but there is a lot of potential in the market once you get over these hurdles.