An Introduction to Company Registration in Kenya. Whether you are a Kenyan citizen or a foreign national seeking to set up your limited company in Kenya, understanding the procedure and requirements for company registration is necessary.
In this company registration guide, we walk you through the following.
- The steps of company registration in Kenya
- The requirements of company registration.
- The benefits of company registration in Kenya
Biz Brokers Kenya provides you with a quick, reliable and experienced company registration service all over Kenya.
We offers you front to end solutions for company registration in kenya and other company compliance solutions.
At Biz Brokers Kenya, we provide,
- Expert guidance for your company registration
- Company compliance assistance.
- Over 16 years experience.
- Friendly and cost effective Incorporation solutions.
We are your trusted partner in the process of setting up your company presence in Kenya.
Requirements for Company registration in Kenya
To register a limited liability company in Kenya, you are required to provide the following information and documents
- Proposed company names for name search approval.- 3 names in order of priority.
- Objectives of the Company. The nature of Business / activities the company shall undertake.
- Names of the shareholders in Full.
- Names of the Directors in full if different from the shareholders.
- Contact information of the directors / shareholders. - Postal addresses, Email address and Telephone Number.
- Number of shares to be held by each shareholder.
- Proposed Physical address of the company. The Physical Address includes road, plot number, town, county.
- Email address of the company. Distinct from that of the directors / shareholders.
- Contact information of the company - Postal addresses and Telephone Number.
- Copy of ID / Passport of the Shareholders / Directors.
- Passport photos of the Shareholders / Directors.
- Copy of tax PIN certificate of the Shareholders / Directors.
- All foreign owned companies in Kenya must now have either
- A local Director. OR
- A certified company secretary
An application is then made to the registrar of companies. Upon a successful application a certificate of incorporation is issued to the directors / shareholders of the Company.
Procedure of registering a company in kenya
To register a limited company in Kenya involved the following processes.
- Name Search The Proposed company name must be searched and reserved pending registration. Names can only be reserved for thirty days.
Application for reservation of a name are made filling out Form CR 14. It is important to note that Name search and company registration are unified and not done separately. Three names must be provided in order of preference.
- Documents prescribed for incorporation of a company. The following forms are required for registration.
- Form CR 1 - Application for registration of a Limited company, Unlimited company or a company limited by guarantee
- Form CR 2 - Model memorandum for a company with a share capital
- Form CR 8 - Notice of Residential address of the Directors
- Statement of nominal capital - Declaration of Nominal Capital of the company
- Form BOF 1 - Register of beneficial owners of a company.
- Only companies with a Nominal capital of over Kes 5,000,000 or companies with only Foreign Directors and shareholders are required to appoint a Certified company Secretary.
- The Statement of Nominal capital is exempted from stamp duty under the new company regulations
- Payment - Once all application documents are compiled and uploaded into the BRS system. The application payment is done and the application submitted for process.
- Registration - Upon a successful application the company registration certificate is processed and a certificate of incorporation is issued thereafter.
What documents are required to register a company in Kenya?
The following documents are required for limited company registration in kenya.
- National Identity card number for Kenyan citizens.
- Registered iTax certificate for Kenyan citizens.
- Copy of Bio-data page of passport for foreign nations.
- Clear passport photo preferably in a white background.
- Where a company is a shareholder. - Certified copy of the certificate of incorporation of the company.
How long does it take to register a limited company in Kenya?
Registration of a company in Kenya typically takes an average of 10 to 220 days for a seamless application.. Time lines however fluctuate unpredictably depending on bulk of applications, system uptime, public holidays amongst other factors.
Where the application is referred back for corrections, names not available or other requirements, the process can take up-to 30 days.
At Biz Brokers Kenya we assist you with the process of company registration in kenya.
Cost of Registering a Limited Company in Kenya
The Cost of Registering a Limited Company in Kenya may vary with the type of company one needs to incorporate.
Application for registration of a Limited company in Kenya costs Kes 10,850.
This costs include
- Application for registration
- Name search
Online company application Kenya.
or send an email Company Registration request to info@bizbrokerskenya.com
company setup in kenya.
You can now fill out and make an Online application for a limited liability company, and we shall guide you through the process of opening a company in kenya.
This service makes it easier and faster for us to process your application documents prior to submission of the prescribed documents.
You can download the list of requirements HERE and mail them back to info@bizbrokerskenya.com
Incorporation of limited companies in Kenya.
At Biz Brokers Kenya, your business registration is processed by experienced staff with extensive knowledge in the process of registering a limited company in kenya. We provide a one stop company formation solution.
Can foreigners register a company in Kenya?
Yes, foreigners can register a company in Kenya. However, certain restrictions and requirements may apply, such as.
- As a legal resident. With an immigration permit and Alien certificate.
- As a solo director / shareholder upon appointment of a CS.
- With at least one Kenya Director or Shareholder
Can a single person own a private limited company in Kenya?
Yes, a single individual may establish a private limited company as a sole director / shareholder.
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Ready to start your business in Kenya? Contact Biz Brokers Kenya today for expert guidance and comprehensive company registration services."