An independent governmental entity which sponsors, and finances small and medium enterprises fully owned by Kuwaiti citizens.
Financing services, training courses and provision of technical consultancies in all fields for the various projects.
To be a Kuwaiti citizen, of age not less than 21 years, fully dedicated to the project management, and the project capital shall not exceed 500 thousand Kuwaiti dinar.
Creating employment opportunities for the citizens in addition to direct investment in the national economy.
Online, Through the National Fund's website.
The Fund evaluates each project separately. The time taken in this process depends on the specificity of each project. The timeline should not exceeds 45 days, except for few projects which may take longer time.
Through the customer service center and the website.
It takes a various time depending on the project it self.
The Fund finances all production, services, commercial, artisan and professional projects, provided they do not contradict with the State laws or the provisions of Islamic Laws, in addition to the conformity of these projects with the environmental obligations, excluding real estate and stock trading projects.
There is no interest but there are cost fees paid by the entrepreneurs to the Fund against the services provided to him, calculated by 2% of the funding value which is taken for one time only. The applicants are entitled to obtain the funding in conformity with the Islamic Laws, as per the rules laid down by the board of directors.
Funding up to KD 400,000/- and 80% provided the project capital does not exceed KD 500,000/-.
The entrepreneur's share may be in cash or in assets.
The funding amount payments are determined by the feasibility study and the project's financial needs.
No, because he cannot be dedicated to the project.
Yes, provided he is registered with the Public Institution for Social Securities according to Part Five.
There is no maximum age for the entrepreneur according to the provision of the law.
The projects are evaluated based on the proposed action plan and feasibility, field visit to the locations and personal interview.
The government sector employee is granted – at his request- a dedication leave not exceeding three years. This leave is after the final approval by his employer.
The submitted files are handled professionally by approved systems through the NDA system, such as the confidentiality agreement between the entrepreneur and the Fund, and are kept in the custody of authorized personnel.
The Fund finances projects through the feasibility study submitted to the Fund which is of an economic feasibility.
The Fund evaluates each project separately. The time taken depends on the specificity of each project. The period ranges between 45 days to three months, except a number of very few projects which may take more than this.
Yes. The Fund provides agricultural and industrial lands to the entrepreneurs as allocated by the concerned authorities and bodies.
A system for registering small and medium enterprises, which will act as the main reference for the State of Kuwait for small and medium enterprises, to classify them and obtain the advantages provided by the State in terms of priority and a percentage of the tenders offered in the State.
By registration through the Fund's website