Monday, July 21, 2014

REGISTERING A COMPANY LTD IN KENYA


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.




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