Kenya
Capital: Nairobi.
Official languages: Swahili, English.
Currency: Kenyan shilling.
Company registration provides the following benefits:
- Simple registration procedure.
- Developing economy.
- Access to the East African market.
- Possibility of 100% foreign ownership.
Kenya is a country located in equatorial Africa. It borders Ethiopia in the north, Uganda and Sudan in the west, Somalia in the east, and Tanzania in the south. In the southwest it is washed by the Indian Ocean.
Registering a company in this country is relatively simple, and compliance with the laws ensures stability and security for the business.
Features of taxation and reporting
LLC companies have the opportunity to receive tax holidays for the first 3-5 years for new companies in priority sectors of the economy.
Companies must prepare and file financial statements once a year.
- LLCs are subject to corporate tax at 30%
- Residents and non-residents are both entitled to a 5% dividend rate.
- There is a 16% VAT rate. There is a list of exempt and zero-tax goods and services.
- Kenya has double tax treaties with several countries.
Company registration
Registration period : 1-3 weeks.
Business registration in Kenya is governed by the Companies Act 2015. Foreign investors can own all companies registered in Kenya.
There are several options for legal entities for doing business; we recommend choosing a Limited Liability Company (LLC).
To register a company remotely, you will need to provide the following information:
- Application for company registration.
- Charter and regulations of the company.
- Information about directors and shareholders.
- Passport details of shareholders and directors.
- Application for the appointment of the first company director.
A quick guide to registering a company in Kenya:
To quickly register an LLP in Kenya, contact IT-OFFSHORE specialists. Our services cost includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with extension possibility.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
The process of registering a company in Kenya can take several weeks and it is imperative that you comply with all requirements and laws. Competent legal support can significantly facilitate the entire process and ensure correct compliance with all rules and regulations. Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. In addition to assisting with the legal registration of a company, we also handle a number of related tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, and obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with a particular jurisdiction's laws.
