‘Five-in-One’ licensing plan hailed as catalyst for business reform

The decision taken by the Minister of Commerce and Industry Khalifa Al-Ajeel to allow five business licenses to be issued under one roof and under one automated number, has been viewed by economic and entrepreneurial circles as a progressive step that will enhance the business environment and align with Kuwait’s ambition to improve its global competitiveness rankings.

Observers highlighted that the decision eases operational burdens for entrepreneurs and SME owners, supports cost reduction, and facilitates remote operations in line with recent technological advancements, says Al-Rai daily.

Real estate experts added that the move will help curb inflation in the commercial property market, aligning with the goals of the “New Kuwait 2035” vision through regulatory changes that meet investors’ expectations.

Former Minister Fahad Al-Shariaan called the decision timely and aligned with global business transformations, noting its potential to address rent-related challenges that often cause business failures. He emphasized the importance of such decisions in developing Kuwait’s business environment.

Businessman Qais Al-Ghanim welcomed the decision’s positive impact on SMEs, stating it simplifies procedures, reduces bureaucracy, and strengthens Kuwait’s economic attractiveness. Ibrahim Al-Kandari, former Director of the National Fund for SME Development, echoed this, describing the step as practical, reducing administrative burdens without hurting operations, and reflective of the ministry’s responsiveness to real market needs.

Mohammed Al-Qattan, Secretary-General of the Kuwait Association for SMEs, called the measure professional and forward-looking but urged for clarification of legal procedures, especially regarding implications in the event of a license seizure. He emphasized continued efforts to cut bureaucracy and enhance online licensing services.

Economist Fawaz Al-Munaie noted the policy encourages investment diversification, especially for businesses not needing physical headquarters, thus stimulating the business climate and aiding SMEs. He underscored its role in addressing high operational costs.

Badour Al-Sumait, Chairwoman of the Business and Professional Women’s Network, said the decision supports freelancers and SMEs by reducing rental burdens, allowing entrepreneurs to reinvest in business development from a single base, and helping to depress inflated commercial rents.

Sulaiman Al-Khashti, Vice Chairman of the Kuwait Association for SMEs, stressed that entrepreneurs had awaited such a move for years. He expressed hope it would deliver real cost relief and encouraged the ministry to expand the policy to include service and industrial activities. He added that recent trends at the Ministry of Commerce reflect a serious drive to simplify business procedures and support the entrepreneurial community.