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What Is Company Registration Services in Kenya?
So what exactly is company Registration in Kenya? It’s a technical-sounding term — but its meaning is quite simple. Company registration services in Kenya is the process by which a new (or existing) business registers as a limited company.
A limited company is a helpful structure for entrepreneurs since it’s entirely separate from you. Your risk is — as the name suggests — limited. Any debt, losses, or legal claims associated with your company are not your responsibility. The company is a distinct legal entity. A ’person’ in its own right.
Many people in the Kenya, by comparison, are sole traders. This means the company and the owners are one and the same. A limited company clearly demarcates the person and their business.
This is a great benefit — but it’s more admin. Like anything in life, it’s a trade-off. But one that’s worth making if you’re serious about growing your business long-term.
Everyone in Kenya has a dream to start a business. Everyone wants to start a company to move forward with this dream and turn it into a reality. Therefore, there exists company registration services in Kenya. Through the Incorporation of a company, you can start your business legally where you are provided not the only infrastructure of growth but also assistance from the government.
Online Company Registration Services in Kenya.
Company registration services in Kenya is an important process for a proprietor to build a business. There are different types of Companies in Kenya, so businessmen need to select the right type of company for their business. The Ministry of Attorney General controls companies in Kenya. You can effortlessly register a company in Kenya online because the process is completely online. To proceed as a director and shareholder, you need at least one Director.. To register a company one needs the Director’s KRA PIN, address proof, Copy of Passport, Passport photo among others.
No.1 Best Kenya Company Incorporation Services | Company Registration Service in Kenya
Company registration services in Kenya is the lawful process to set up a legal organization or company. The detachment of the company’s assets and earnings from its owners and investors results in a corporation as an emerging lawful entity.. We provide quick and inexpensive company registration services in Kenya through a 100% online procedure. Hundreds of companies in Kenya have registered through our trustworthy services.
Registration of a Business Name/Sole Proprietorship in Kenya
The Business Name is the simplest business form under which one can operate a business. The Business Name is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
Registration of a Private Limited Company in Kenya
The company is known as a limited liability company by shares when each member's liability is restricted to the unpaid amount on their shares as stated in the memorandum. Passionately speaking, this arrangement ensures that the company's members have limited responsibility for any outstanding amounts on their shares. . A Private Company, which restricts itself from inviting the public to subscribe to its shares, also falls under this category. The membership of a Private Company restricts to a maximum of 50 members.
Company Registration in Kenya
Start hiring in Kenya today!
Employment compliance in Kenya encompasses a wide range of regulations and requirements that employers must adhere to. These include laws related to hiring, on-boarding, payroll, taxes, benefits, and terminations.
Registration of a Public Limited Company in Kenya
Company registration services in Kenya: Its Articles allow its members the right to transfer their shares in the company and the articles do not prohibit invitations to the public to subscribe for shares or debentures of the company. The name must end with the expression “Public Limited Company” or the abbreviation “PLC”.
Registration of a Limited Liability Partnership in Kenya
Company registration services in Kenya Limited liability partnerships commonly referred to as LLPs are unique forms of business association that combines elements of a company with those of a partnership. Upon registration, an LLP becomes a body corporate with a legal personality separate from its partners.
Registration of a Registration of a Foreign Company Kenya
This Company is a branch of a company registered outside of Kenya, and has established a place of business in Kenya.
Process of Company Registration in Kenya.
Company Registration in Kenya – The Kenyan government has streamlined the registration process. Whether you’re a Kenyan citizen or a foreign business owner looking to embark on registering a company in Kenya, the company registration process in Kenya is now online and takes between 5 and 7 working days to complete.
The Kenya Business Registration Services Act 2015 aims at easing the operation of businesses in the country. The Business Registration Service has its headquarters in Nairobi but has branches in every county for easy access to services. This in essence means that the services such as incorporation of companies, registration of business names and partnerships are devolved to the counties promoting local business ideas/legal entities reduce costs of registration and operations, which were initially being offered in Nairobi only.
STEP 1: Company Name Reservation
You must first Register on eCitizen and apply for company name reservation,once the name is available and confirmed,you will be able to download name reservation certificate.
STEP 1: Company Name Reservation
You must first Register on eCitizen and apply for company name reservation,once the name is available and confirmed,you will be able to download name reservation certificate.
STEP 2: Company Registration
Execution of forms CR1, CR2, CR8 and statement of Nominal capital. Once the name is approved and reserved. The company registration forms are executed and signed by the subscribers and directors of the company.
STEP 3: Taxpayer Registration
Once the Company is Registered, You must Apply for company Kenya Revenue Authority (KRA) pin Certificate downloadable after approval.
STEP 5: Obtain Unified Business Permit
Once the company is Registered and pin Obtained, you are ready to start doing business but you need a trading license in respective counties to start doing business.
STEP 6: National Hospital Insurance Fund (NHIF)
Every Employer in Kenya is supposed to submit a hospital insurance fund for Registered Companies in Kenya. This is But of business Compliance and is advisable to be done immediately you register your Company in Kenya.
STEP 7: National Social Security Fund Registration( NSSF)
This fund is mandatory for all employers in Kenya.Must be submitted on monthly basis to the authority.
Company Registration Services in Kenya: Requirements
Registration, and by extension incorporation of both private and public companies follow the same procedure in Kenya. The necessary requirements for registration are;
1. Proposed Company/Business name
The proposed business name search is conducted to ensure it is not similar to an existing registered business. If approved, it is reserved for 30 days. BRS requires a minimum of 3 names to be submitted.
2. Objectives of the Business
This is essentially the business that the company is being set up to carry out. This business must be entirely legal and not against public policy.
3. Names of the Directors, contact details and email
For transparency and accountability purposes, KRA requires that the director’s information be indicated on the application for registration.
4. Proof of Identification
A valid and unexpired proof of identification must be provided for each director. A national identity card suffices for Kenyan citizens
5. Passport Photo
A clear and recent passport photograph must be provided for each director and officer of the company.
6. KRA PIN
All directors whether resident or non-resident are required to provide a Kenya Revenue Authority (KRA) Personal Identification Number (PIN) certificate copy to prove registration with the tax authority.
The following forms must be signed by all directors and submitted during registration
7. Form CR1 – This is the company registration form.
8. Form CR2 – This is the Memorandum of company with share capital
9. Form CR8 – This is the notice of registered address form and
10. Statement of Nominal capital by all Directors.
Doing Business in Kenya | Kenya at a Glance
Did you Know that Kenya is the country with the second highest ranking in World Bank’s Ease of Doing Business index in Eastern Africa?
Kenya is the Largest Economy in the East African Community, the 65th Largest economy in the world and the Financial, technical and Communications hub in East Africa.
The Kenyan GDP has on average grown at a rate of 6% since 2004 with a Per Capita GDP estimated at $1,991. After Company Registration in Kenya you get access to the East Africa Community giving you access to a market of about 150 million people and a market size with a GDP of Billion USD 145.
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