First 15-Year Golden Residency

In line with government initiatives aimed at supporting the national economy and enhancing the investment climate in the State of Kuwait, First Deputy Prime Minister and Minister of Interior Sheikh Fahad Al-Yousef handed over the first 15-year Golden Residence Permit to Yusuf Ali Musliam, Chairman of the Board of Directors of the Lulu Group International. The permit was issued under the Golden Residence system, which has been approved in accordance with established regulations and conditions, in the presence of Brigadier General Fawaz Al-Roumi, Head of the Citizenship and Residency Sector.

Al-Yousef emphasized that the launch of the Golden Residence Permit represents a strategic step in the development of the residency system, aimed at attracting high-quality investments and capital, and strengthening Kuwait’s position as an attractive economic hub, in alignment with the state’s development plans and future vision. He stressed that granting the Golden Residence Permit is part of the state’s vision to provide a stable and conducive investment environment, enhance confidence in the administrative and legislative framework, and contribute to supporting the national economy and opening broader horizons for sustainable development.

He clarified that the Ministry of Interior, in coordination and cooperation with the Investment Promotion Authority and the Public Authority for Civil Information, has developed a comprehensive Golden Residence system based on clear principles and standards that keep pace with best practices, achieving a balance between facilitating procedures and maintaining legal and regulatory frameworks.

Al-Yousef added that the Ministry of Interior is committed to continuously developing its services and providing specialized facilitations for investors, reflecting Kuwait’s civilized image, enhancing the climate of trust and stability, and serving the state’s higher interests. He noted that granting the Golden Residence Permit reflects the state’s commitment to supporting partnership with the investment sector and enabling investors to conduct their business in a safe and stable environment.