Iron Mountain Enters Kuwait With a 100% Foreign-Owned Company Licensed by KDIPA

The incorporation deed of IRM Electronic Document Storage Company, a single-person company wholly owned by Iron Mountain Consulting and Information Management LLC of the United Arab Emirates, part of the global Iron Mountain records and information management group, was published in Kuwait Al-Youm Issue 1805, dated 23 August 2026 (pages 168 to 170). The company was licensed by the Kuwait Direct Investment Promotion Authority (KDIPA) under Decision No. 4 of 2026, dated 22 June 2026.

The new company has a capital of KWD 100,000, divided into 100 cash shares of KWD 1,000 each, and will carry on two licensed activities: document imaging using microfilm and electronic document storage. It was incorporated under Law No. 116 of 2013 on the Promotion of Direct Investment and the Companies Law No. 1 of 2016, and the deed was notarized on 15 July 2026.

The publication matters because the default position under Kuwaiti law caps foreign ownership of most companies at 49 per cent. Law No. 116 of 2013 is the main exception: it allows KDIPA to license investment entities owned entirely by foreign investors, alongside incentives such as tax and customs exemptions. This deed shows the route working from start to finish, from the licensing decision through notarization to publication in the official gazette.

WEFAQ's view: the KDIPA licence remains the most direct route to full foreign ownership in Kuwait, and this incorporation confirms the process working end to end. Investors planning a Kuwaiti entry should map the licensing decision, notarization and gazette publication stages from the outset, and choose the corporate form that fits the licensed activity.

Source: Incorporation deed of IRM Electronic Document Storage Company (SPC); Kuwait Al-Youm Issue 1805, pages 168-170, dated 23 August 2026.

This article is provided for general information only and does not constitute legal advice. For advice specific to your circumstances, please contact WEFAQ Law Firm.