New requirements for registering a company in kenya hapakenya. Biz brokers kenya company registration services kenya. Jul, 2016 community based organization cbo in kenya. This article will help you figure out clearly which type of company best suits your. The process of how to register a foundation in kenya can be easy or an uphill task depending on the kind of information you have in your hands about the whole procedure. First of all, a charitable foundation, in accordance with the kenyan law, is established as a company limited guarantee or as a charitable trust. Fill details of directors and shareholders and upload scanned copies of i. The companies registration office is the central repository of public statutory information on kenyan companies and business names. After registering a company, does one need to get a business permit to operate in a. Jan 23, 2020 as of 2018, there were 162 saccos in kenya licensed and gazetted by the government to undertake deposit taking.
How to register a company uganda registration services. Fortunately, in recent years, the kenyan government has stepped in and streamlined the registration process. Registration of a branch of a foreign company in kenya. The procedure of setting up a company in kenya is lengthy.
Check the availability of your preferred company name here. Young businesshow jackline quit her job to start a company with 2 million of monthly revenue. Normally a portion of this is paid by the employer and another portion by the employee. There are several ways to go about it in kenya, and i will be discussing two of them in this article. Here are the steps you must follow in order to register your company. The best efforts have been made so that the data and material published in this site reflect actual administrative norms and practices. Guide to registration of securities in kenya this guide provides a brief description of the procedure for the registration of common instruments creating securities in kenya. This is an example of a form that has been completed and is meant to be used as a guide. Home blog type of companies under the kenyan companies act 2015 type of companies under the kenyan companies act 2015 you are probably thinking about incorporating a company in kenya but something is still not clear to you on the type of company that is best suited to meet or achieve your unique purpose. Home blog type of companies under the kenyan companies act 2015 type of companies under the kenyan companies act 2015 you are probably thinking about incorporating a company in kenya but. To register a limited company for your consultancy business, you will need to prepare the following information and documents in order to start off the.
Home register your business registering your company in terms of the companies act, 2008, a company may be registered with or without a company name. A company is a legal person which has capacity and powers to act on its own i. At register company kenya, we offer more than just company registration. We advise our customers on various topics that affect a.
You are probably thinking about starting a company in kenya but you are still unsure of how to go about it. Cipc register a private company with a standard moi. About location, does one need a physical office apart from having a postal address to register a company in kenya. On this article, we are going to look at the registration requirements for those intending to start a deposittaking sacco in kenya. Type of companies under the kenyan companies act 2015. Community based organization registration company secretary. Company and business registration process in kenya what is company registration. Its important to note that from 15th october 2017, no manual registration of businesses will be done by the registrar of companies. For one to register a company in kenya, one need to first write a letter to the registrar to reserve his or her desired name which may be accepted or rejected on the basis of either a similarly named business or. A community based organization cbo is a registered nongovernmental, nonprofit and nonpolitical organization within communitybased. A name search is the process where you submit the proposed company. Foreign company registration brs business registration service. Starting a business considers two types of local limited liability companies that.
About location, does one need a physical office apart. It is a unique digit used to identify persons, while interacting or transacting business with kenya revenue authority, other government agencies and service providers. This includes registering your company which will enable you to get public procurement. Correctly completed company registration form this form. Registering your company in terms of the companies act, 2008, a company may be registered with or without a company name. Nevertheless, the entities mentioned in thesite are not responsible for its exactness and expressly deny any responsibility for the damages that would stem form use of the information from this site. Companies registry brs business registration service. How to register a partnership business in kenya is a common question for entrepreneurs.
Can one person register a company in kenya how many people are required to register a company in kenya one or at least two. One can now do a name search and even register their business fully online on ecitizen. Stamp duty charges also have to be paid on the memorandum and articles of association before registration. The registrar of companies has introduced new requirements for registering a company in kenya. By registering your company as a company limited by guarantee, it guarantees business continuity unlike a in the case of sole proprietorship. Read how to register a company in kenya and in addition to this there is an application fee of kes200. The registration of businesses in kenya has been made easier and faster. Scan a copy of the id cards and color passport photos of. Company registration is essentially the process of registering a business as a limited liability company within kenya. Articles of association if those provided in the regulations have not been. What is the procedure to register a startup company in kenya. Registering a company in kenya was once a difficult and complicated process.
If yes, is the principal holding company resident in kenya. Form cr1 also asks for the names and other personal information of all of the directors and shareholders of your kenyan company including any who may live abroad. Any adult person or company qualifies to register a limited company in kenya. Company name you can come up with upto 23 company name suggestions that we can help you find its availability at huduma center.
Jul 16, 2014 young businesshow jackline quit her job to start a company with 2 million of monthly revenue. Many young people in kenya have tried to form companies either as groups or as individuals but the process has been lengthy and tedious. How to register a company in kenya 2020 victor matara. In order to register a company in kenya, firstly, you may do a company name search and, if available, reserve the name. A company is incorporated by the lodging of a notice of incorporation cor 14. The company continues irrespective of changes in named owners shareholders. We provide a friendly cost of registering a company in kenya for.
However, the actual process of name searches and registration is via an online system, ecitizen. These forms are available for download from the cipcs website. This is the primary legislation that deals with registering a company in kenya and applies to companies. Begin by writing the company s name and the location of its business office. Their primary role is to ensure that businesses and companies in kenya are issued will all necessary certificates. The companies registration office is the central repository of public statutory information. When handling local or foreign company registration in kenya process, like in many other functional jurisdictions and economies worldwide, the kenyan business environment is defined by a set of legal regulations. Aug 20, 2015 the following are the requirements for registering a company in kenya. Many young people in kenya have tried to form companies either as groups or as individuals but the. This process takes at most two weeks to have your business registered and running.
So many kenyans think that to register a partnership company is a hectic process. Convert a business name into a limited company in kenya most start ups in kenya start as a business name and then later on convert the it into a company. Company limited by shares a separate legal entity from the shareholders. New process of registering a company in kenya all applications for registration of limited companies, partnerships and sole proprietorships must now be accompanied by the following documents. A community based organization cbo is a registered nongovernmental, nonprofit and nonpolitical organization within communitybased organizations cbos, there are many variations in terms of size and organizational structure. This is the primary legislation that deals with registering a company in kenya and applies to companies directly. In recent times, the number of saccos in the country has grown tremendously.
Company registration in kenya done faster and cheaply. Documents required for registration of a company 1. For one to register a company in kenya, one need to first write a letter to the registrar to reserve his or her desired name which may be accepted or rejected on the basis of either a similarly named business or offending the rules on name reservation. Biz brokers kenya is a business consultancy firm with extensive experience in business registrations, company formations, immigration services, business acquisitions, sale of businesses, business start ups, licensing and other business compliance services in kenya.
A private company with a standard moi may be registered online on our website, at a selfservice terminal or through a collaborating bank, such as fnb. This article will help you figure out clearly which type of company best suits your needs and purpose in both your short term and long term goals, as well as outlining the process of registration. How to register a company in kenya, adhering to all legal. Company and business registration process in kenya. Currently, all new registrations of companies, business names and limited liability partnerships are. We advise our customers on various topics that affect a company such as taxation to avoid being on the wrong side of the law. Incorporate a private limited company register it with companies house and rules on directors, shares, articles of association and telling hmrc about the company. Jun 06, 2015 how to register a partnership business in kenya is a common question for entrepreneurs. When forming a limited company in kenya, the law requires that certain documents must be submitted by the persons that are interested in incorporating the company.
We provide a friendly cost of registering a company in kenya for anyone thinking of opening a company in. However there are some specific licenses under other legislations that require kenyan shareholding. Register with the national social security fund this fund provides the employee a lump. However, its now easy to register a company through the ecitizen portal. Current as of june 2019 download print version in pdf this section describes the legal framework of nonprofit organizations also known as nongovernmental organizations or ngos in kenya, along with. A number of the processes involved in the registration and running a company in kenya have been simplified. New process of registering a company in kenya all applications for registration of limited companies. Here is how to register a business in kenya hapakenya. Registering a company is cumbersome compared to partnership. Model memorandum for a company limited by shares form cr2 or model memorandum for a company limited by guarantee form cr3 or model memorandum for a company whose liability is unlimited form cr4. When a company is registered without a reserved name, its registration number automatically becomes the company name. When forming a limited company in kenya, the law requires that certain documents must be submitted by the persons. Mar 01, 2019 you are probably thinking about starting a company in kenya but you are still unsure of how to go about it. We provide a friendly cost of registering a company in kenya for anyone thinking of opening a company in kenya limited company formation in kenya how to register a company in kenya.
Building trust and confidence in our economy, and making kenya a transparent, fair and easy place to do business. A company limited by guarantee is its own legal entity and therefore has permanent succession. To carry out businesss in kenya, a foreign company has. If you have company directors who live outside of kenya, also include a copy of their governmentissued id from the country that they reside in. Fee schedule companies registry brs business registration. To register a limited company for your consultancy business, you will need to prepare the following information and documents in order to start off the registration process. Biz brokers kenya is a business consultancy firm with extensive experience in business registrations, company formations, immigration services, business.
Jan 05, 2019 the procedure of setting up a company in kenya is lengthy. Starting or registering a company in kenya is one of the most tricky things for aspiring entrepreneurs. Company registrationkenya we are committed to provide solution to your business starting from registration of companybusiness acquiring all necessary document. Disclaimer the best efforts have been made so that the data and material published in this site reflect actual administrative norms and practices. There is no restriction on foreign nationals or foreign companies from owning a kenyan company 100%. How to register a company in kenya as foreignerprivate. The body is in charge of all registrations of a business or a company in kenya. How to register a partnership business company in kenya. Register with the national social security fund this fund provides the employee a lump sum amount at the point of retirement. The set of regulations required by registrar of companies for company incorporation in kenya or in other words company formation in kenya for.
To register a company in kenya, you shall require the following. Nonetheless, it has been simplified as most procedures are done online. Before even thinking of starting or registering a company in kenya, there are several things you need to consider. Big corporate from different sectors are investing in sacco registration as they have been proved to be attractive in terms of regulations and financial benefits. Aug 01, 2016 can one person register a company in kenya how many people are required to register a company in kenya one or at least two. A foreign company is a company registered outside kenya, under the laws of that country and given compliance under kenyan law to do business in kenya. The following are the requirements for registering a company in kenya. The fastest and easiest way of registering a company in kenya. But this process is as easier as registering sole proprietorship business.