How Much Does It Cost To Register A Business In Kenya For A Resident

Costs of Registering a Visitor in Kenya

Costs of Registering a Company in Kenya

Costs of Registering a Company in Republic of kenya – The first part of seeing your business goals attained should be registering a company in Republic of kenya. Nothing gives you the ultimate drive to commit to growing the organization similar accountability does. Now here I practice not mean taxes, only however. I instead want yous to understand how being able to operate legally will also push you to apply for that tender, take on the new contract, or recruit a few team members.

Here is how to register with the Kenya Registrar of companies

The Registrar of Companies in Republic of kenya maintains a registry of records concerning new and old companies, which are registered with them, and allows the public to access services to annals and maintain businesses through the BRS System.

Ecitizen Business Registration In Kenya

To Access the BRS, you take to take an Ecitizen profile. The Ecitizen platform is used by both Resident and non Residents in Kenya to admission well-nigh online authorities services including Business organization Registration in Kenya.

One time yous login to the Ecitizen Concern Registration Service, you take the pick of registering either of the entities below;

• A Business organization Name
• A Express Liability Partnership (LLP)
• A Private Express Company (LTD)
• A Public Limited Company (PLC)
• An Unlimited Organization
• A Company Limited past guarantee

On this Article, we shall dwell more on the two main forms of businesses in Kenya: A Business Name and a private Limited Visitor.

ane. Registration of A Business concern Name Kenya

This is normally registered by owners of very small business looking to merchandise in a proper noun that is different from their own name. This type of business is known for its simplicity and ease of setup. Information technology is the easiest course in which one can operate.

2. Registration Of A Individual Limited Visitor In Kenya

This is type of entity is preferred because the liability of the shareholders is limited to the extent of their individual contribution. It is a separate and distinct entity from its owners and is registered for tax as a separate entity.

Read more on the different types of companies in Republic of kenya hither

Then what are the Costs of Registering a Visitor in Kenya?

The regime of Kenya imposes different Cost Costs of Registering a Visitor in Kenya based on the entity type one is interested in.

Here are the costs of Company Registration Kenya (Statutory Costs)

1. Registration of Business proper noun – KES 950 ($95)
2. Private Limited Company – KES 10650 ($107)
3. Public Express Visitor KES – 10650 ($107)
4. Unlimited Companies – KES 20050 ($205)
5. Company Limited past guarantee – KES 10000 ($100)
6. Limited Liability Partnership- KES 25000 ($250)

Some of the Payment options when registering a company in Kenya include the post-obit;

Kindly Contact us Today for a total quote on our service charge to Annals your entity + Tax Registration + Depository financial institution Account Opening + Registered Accost.

Here is how to register a company in Kenya

As discussed before, the whole company registration process is carried out online and the sequence is as follows;

1. Enter your proposed visitor names
2. Enter the Articles of Association Details
3. Enter the registered Office Address
4. Add the Share Data
5. Add the Details of all the Directors and shareholders
6. Declare the Beneficial owners of the Company
7. Upload Signed application Forms
8. Make Payment

Important Facts about Visitor Registration In Republic of kenya

Now that you lot have an thought virtually the sequence to register a visitor in Kenya, nosotros shall at present look at the major things yous demand to know.

1. Business Proper noun Search In Kenya

Before nosotros bound into the process to register a company in Republic of kenya, it is of import to understand how the business organization proper name search in Kenya works. Name reservation is role of the registration process and yous are required to submit at to the lowest degree 3 and a maximum of 5 unique names in order of priority and the first bachelor name will exist automatically assigned to you.

If the names you have submitted are like to an already existing company or business, you will be requested to provide other unique names. Kindly note that the words "Republic of kenya" "East Africa" or "Africa" are not considered differentiating words

ii. Company Registration Requirements in Kenya

The requirements to register a visitor in Kenya Vary depending on the entity you are looking to register. For now, we will have a look at the requirements for a Branch Visitor (Foreign Company), Subsidiary (a Visitor whose main shareholder is a strange visitor) and a New independent company.

Requirements for Branch registration in Kenya

Requirements for registering a Subsidiary in Kenya (Independent Company Registration)

Notarized Copy of the Parent Visitor Certificate of Incorporation Copies of travel passport of the Directors and Local representative national ID Directors and Local Rep Passport size photographs Postal, physical and eastward-postal service address, telephone number and occupation the Parent Company, directors and Local representative lxx% down payment of the amount quoted

· 3 preferred names of the proposed company Valid Travel passport copies of all the Directors/Shareholders. Notarized Re-create of the Parent Company Certificate of Incorporation (If Parent Company will be a shareholder in the subsidiary) Passport size photographs of all the Directors and Shareholders Postal, physical and eastward-post address, Telephone number and occupation of all Shareholders/directors of the proposed company Share Apportionment percentage PS. If the Kenyan Company will take a Foreign Company as a shareholder, we shall then require the post-obit details of the beneficial owners of the Foreign Company Valid Travel Passport, Passport size photograph, Postal, physical and e-mail address, Telephone number and their occupation.

Read more than on the requirements for Visitor & Branch Registration in Kenya here

iii. Documents Needed To Register A Company in Kenya | Company Registration Forms in Republic of kenya

Each entity type in Kenya has a ready of unique forms completed by the subscribers every bit shown below.

1. Business proper noun – form BN two
2. Limited Liability Partnership – New Registration LLP ane
3. Private Limited Company – CR 1, CR 2, Cr viii, Statement of Nominal Capital
4. Public Express Company – CR 1, CR 2, CR8, CR 10, CR 12 and the Nominal Uppercase Argument
5. Unlimited Companies – Cr i, CR 4, Cr 8 Statement of Nominal Capital letter
6. Company Limited past guarantee – CR1, CR 3 and CR 8

Nosotros will assistance you lot prepare all the relevant documents required to register your entity and comply with the relevant Kenyan laws so that you tin can focus on setting up and running your company

4. Memorandum and Articles of Clan in Kenya

The new companies deed allows you lot to adopt the model manufactures of clan in the companies deed and hence reducing the time and cost of registering a company in Kenya. This also makes the process easier because you can remotely register the without the need for you to travel to Republic of kenya

v. Visitor Registration Stamp Duty in Kenya

Republic of kenya has abolished stamp duty that was previously charged as a percentage of the new company nominal upper-case letter. This is i of the many deliberate effort by the Kenyan authorities to requite incentives to both strange and local investors looking to setup new companies.

This means that you can setup the company with the highest possible nominal capital depending on your visitor needs in both the short and long run. Whatever subsequent increment of nominal uppercase will be subject to a postage duty of 1% of the increment in the nominal upper-case letter

An Easier Solution to Visitor Registration in Kenya

While the wealth of information exists on the procedure and Costs of Registering a Company in Republic of kenya, this process is deadening and fourth dimension consuming. Some of the common issues experienced by individuals who take on the process alone include:

• Loss of funds. When the registration is not successfully completed due to missing files.
• Time spent. Follow up with the registry offices without certainty on the conclusion of the process can exist very devastating.
• Choosing a non-suitable choice. You may find that it would have been improve to register equally a company rather than a sole proprietorship. Changing this would pose a claiming for business operations.

Seeking some assistance business registration from East Africa Business Consultants not only enables yous to know which entity suits you, only how to likewise become about it. Our Visitor Registration in Kenya service eliminates the hustle, saves you fourth dimension and coin.

When we take on the process, we practise all the company registration work for you lot remotely. Therefore, you can attend to other projects over the catamenia. Furthermore, our combined service ensures that you lot tap into our years of feel and hence ensuring that you avoid falling into the numerous pitfalls when setting up and running the company.

It is important to save your time and money through leaving it to the experts in the field. You lot will be sure to become the whole Company Registration work done within x days and your concern volition exist ready to engage in all activities soon subsequently. Yep, even when you are outside Kenya, we got you covered!

Read more nearly our customized process to guarantee yous quality services

What you get after Company Registration in Kenya

one. Document of Incorporation in Kenya

This is the official document showing that the company is duly registered in Kenya. The certificate indicates the date of registration, Unique company registration number and the full company name.

two. Shareholders Certificate in Kenya | Course Cr12 Kenya | CR12 Certificate

The form Cr12 is issued upon successful registration in Kenya and information technology provides more details equally listed below;

• The Company's registered address
• A list of the company'southward current shareholders, their postal address and share circulation
• A list of the company'south electric current directors and their postal accost
• Any encumbrances registered confronting the company

3. Company KRA PIN Certificate | KRA Pivot Registration

A KRA Pin document is an official proof of registration with the Kenya Revenue Authorization. The registration is important and a requirement when opening a Depository financial institution Business relationship, Paying Taxes, Import and Export of goods

Things to do after you have registered a visitor in Kenya

1. Procedure a Business License in Kenya | Nairobi County Business Permit

A Business License is issued by the canton regime where your business organisation is located. The costs for this depend on factors like the size of your warehouse and Number of employees.

two.  VAT Registration in Republic of kenya

It is Mandatory for companies to register for VAT if they will exist dealing in Vatable Goods or Services. VAT is charged at 16% and payable on or before the 20th mean solar day of the following month.

3.  Work Permit application in Kenya

All foreign employees, directors and shareholders looking to work in Kenya are required to apply for a Work Permit. Class D work let is issued to whatever foreign employee bringing in a skill that is not readily bachelor in Kenya and Class G Work permit is issued to company owners investing more that 100,000 USD into the country.

Conclusion

We hope that this commodity answered most of your questions relating to the costs of registering a visitor in Republic of kenya and all the other important topics to help you make an informed decision. Feel gratis to reach out to us for more than info or to speak to a consultant.

Read more than on visitor registration in Kenya hither

1. Doing Business & Company Registration in Kenya
2. Requirements for Company & Branch Registration in Republic of kenya
3. Foreign Investment and Trade Facilitation In Kenya

January 28, 2022

Source: https://www.eastafricabusinessconsultants.com/costs-of-registering-a-company-in-kenya/

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