At B & I East Africa, we assist with the registration and processing of limited liability companies in Kenya. We provide a fast and reliable company formation service for clients in Kenya and all over the world.
How to register a Limited company in Kenya.
At B & I East Africa, we provide you with fast and reliable company registration and support services for your business. Any individual or group of people may register a limited company in Kenya for purposes of Business. Both locals and Foreign nationals may freely register a limited liability in Kenya without any restrictions.
1. Name Search. The proposes company name has to be searched and reserved by the registrar of companies.
2. 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.
3. Application for registration. - The application forms are then launched with the Registrar for registration.
4. Registration and issuance of certificate of Incorporation.
5. PIN application
What are the requirements for registering a company Kenya?
To register a company in Kenya. The following are required.
Proposed name of company.
Nature of business and objectives of the company..
Names of the Directors of the company.
Names of the shareholders if different from the directors.
Contact information of the directors and shareholders - Email address, Telephone number, postal address and residential addresses.
Division of shares between the shareholders of the company.
Class of shares issued by the company.
Scans of Passport bio data and passport photo of directors and shareholders.
Nominal capital of the company.
Proposed physical address of the company.
Proposed name of company.
Can a foreigner register a company in kenya?
A foreign national wishing to register and own a company in Kenya may do so under either of the following conditions
Apointment of a local certified company secretary.
. Kenyan shareholding is required under other comliance and licensing regulations such as.
Banking and financial Institutions.
Betting Companies
Recruitment companies
Security Companies
Etc
How much does it cost to register a company in Kenya?
The cost of a company varies with the Nominal capital of the company. However, the basic Cost is Kshs 10,650
“After reservation of the proposed company name. We prepare the company registration forms viz, CR1, CR2, CR8 and STATEMENT OF NIMINAL CAPITAL and submit the same for registration.”
Can I register a company alone in Kenya?
The New companies Act provides for a minimum of 1 Director / shareholder in a company, So there can be a sole director ( shareholder) in a Kenya Company.
We also provide a whole range of post registration services to our clients.
Foreign director PIN
Company PIN
Bank account processing
A PIN is a Tax registration certificate required by persons and corporates to open bank account, get a least, single business permits etc..
How can I check if a company is registered in Kenya?
To check the registration status of a company in Kenya or to confirm if the company is registered you can conduct a search on the eCitizen portal for a CR12 or official search.
What documents do I need to register a limited company?
Statement of Nominal capital.
CR1 - Company Registration form.
CR 2 - Memorandum of a company with share capital
BOF-1 - Beneficial owner Form
CR 8 - Notice of address of Directors of a company,
A corporation's cost fluctuates depending on its nominal capital. However, the average price to register a company in Kenya is 10,650 Kenyan Shillings. The filing fee for a name inquiry is Kes. 150.
How long does it take to register a company in Kenya? The Company registration process takes about 7 days after making payment and submitting the requirements for company registration and the duly completed forms.
While it seems like a big thing that a single individual could start, private limited companies can be owned by even a single person. If you want to start a private limited company in Kenya, the simplest way is to register through a government service portal called eCitizen.
Foreigners wishing to register a company are required to register with the ecitizen portal and proceed to obtain the company registration documents. Upon registration, they are required to obtain a company PIN and register for NSSF and NHIF.
Every registered private company must have at least one director who is a natural person. On the other hand, a public company must have at least two directors, one can be a natural person and the other a corporate entity.
ADVANTAGES OR DISADVANTAGES OF LIMITED OVER A BUSINESS NAME
Registration A BN is generally simpler to register and costs less and can have one person as a proprietor or two or more as partners, whereas a Limited company has a minimum of two shareholders, but can appoint directors and managers to operate the company.
In conclusion, registering a Private Limited Company in Kenya brings valuable benefits, including limited liability protection, business stability, and perpetual succession.
Can minors be directors and/or shareholders in a Company? No, A child cannot be a Director in a Company (Section 131 of the Companies Act). A child can only be a Shareholder not a Director.
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.
Eligible non-residents are permitted to establish bank accounts in Kenya. However, there are specific requirements for eligibility. You must have proof of residency (such as a valid address number, etc.).
Application fees Ksh 200 Business Permit Fee for a small workshop of up to 5 employees. Ksh 15,000 Fire Permit Licence Ksh 4,500 (Estimated) Advertisem*nt Licence Ksh 4,200 (Estimated)
Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.
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