Starting a company in Kenya has always been seen as a bit of a hustle and involving steps that are time consuming. This makes majority of entrepreneurs opt to go for partnership or sole-proprietorship type of business as these takes less time and less money and can change the model of registration while they have been in operation and understand the market. REGISTERING A BUSINESS STEPS IN BUSINESS REGISTRATION Reserve company name Ksh 100 per name 3 days STEPS IN BUSINESS REGISTRATION Stamp memorandum and articles of association Statement of nominal capital 1% of nominal capital + KES 2,020 for stamp duty 5 days Pay stamp duty at a designated bank Ksh 100 1 day Sign the Declaration of Compliance KES 200 1 day Register with the Registrar of Companies at the Attorney General Chambers in Nairobi KES 7,000 7-14 days Register for taxes at the Kenya Revenue Authority 1 day No fee Make a company seal 2 days ksh 2,500- 3500.
Chronicles of a former Business Journalist | Believer of the African Dream | Mother | Lover of Life| Poet