Kuwait’s Ministry of Commerce and Industry has issued Resolution No. 156/2026 (published in the Official Gazette on 2 August 2026), further amending the Ultimate Beneficial Owner (UBO) framework under Resolution No. 4/2023. It replaces Articles 8(1), 9(1) and 11(1) which are all now built around a 15-day compliance window:
Legal entities must maintain their UBO register and log any changes within 15 days of becoming aware of them.
Managers/board members aware of a person’s UBO status must report the required data within 15 days of acquiring that knowledge.
Legal entities must submit their UBO and shareholder/partner registers to the Commercial Registrar within 15 days of the resolution taking effect (or of licensing/registration).
Important: the resolution took effect on its issuance date ( 30 July 2026) not the later publication date. The 15-day clock is already running for existing entities. This follows Resolution 37/2026, which tied UBO compliance to licensing and introduced fines of KD 1,000–10,000.
Entities registered in Kuwait should review their UBO registers now. Meysan is following this closely, please reach out to partner Michel G. Ghanem or associate Rosy Rizk if you’d like help assessing your position.
Kuwait's Ministry of Commerce and Industry has issued Resolution No. 156/2026 (published in the Official Gazette on 2 August 2026), further amending the Ultimate Beneficial Owner (UBO) framework under Resolution No. 4/2023. It replaces Articles 8(1), 9(1) and 11(1) which are all now built around a 15-day compliance window: Legal… Read more
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