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Pam Specifies Conditions For Opening File Of Small And Medium Enterprises
All documents should be new’
KUWAIT CITY, Sept 18: The Public Relations Department in the Public Authority for Manpower (PAM) has specified conditions for opening file of small and medium enterprises (SMEs), reports Al-Anba daily.
These conditions are as follows:
■ All documents should be new,
■ Employers should appear personally to be registered in the fifth entry,
■ Original and copy of the license must be presented,
■ Original Articles of Incorporation issued by the Ministry of Commerce must be submitted, or a copy provided the director is registered in the fifth entry,
■ Share of the Kuwaiti partner should not be less than 20% while that of the foreign partner should not be more than 20%,
■ Original and copy of authorized signature must be presented,
■ Copies of the civil IDs of the employer, partners and proxy (a person given the power of attorney to sign by the employer or manager of the company) must be submitted,
■ The intended commercial activity should not be banned; otherwise, a letter of exception should be submitted to the Supreme Committee for Development of Youth Enterprises, n Support from the National Fund for Small and Medium Enterprises or the Industrial Bank.
SOURCE : ARABTIMES
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