According to recent reports, Kuwait's Ministry of Commerce and Industry has issued Decision No. 16 of 2025, which amends the country's ultimate beneficial ownership (UBO) requirements. The requirements for companies to maintain a UBO registry and submit UBO information were introduced through Resolution 4/2023, which is effective from 1 April 2023. UBOs generally include natural persons with at least 25% direct or indirect control or ownership in a company, persons controlling a company through other means, or persons holding a senior management position in a company. The rules generally apply to all entities registered or licensed in Kuwait, with an...