Quick Answer: How long does it take to open a company in Kenya?

The amount of time this takes can vary. You may need to wait for a period of about 21 days. With the business certificate in-hand, you’re ready to begin running your business in Kenya!

How long does it take to register a company in Kenya?

You should note that it takes around 1 week for KRA to go through all your documents and accept your application.

How much does it cost to open a company in Kenya?

Fees

Different Kenya entity types Cost Draft invoice
Tax resident LLC US$17,350 View invoice PDF
PLC US$18,950 View invoice PDF
Branch of foreign company US$16,250 View invoice PDF
LLP US$15,850 View invoice PDF

How long does it take to register a company?

The new changes brought about by the MCA have made it easy to register companies of any nature with the government. Provided that you have all your documents in place, it can take anywhere between 10 – 15 days to register your company formally.

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What it takes to start a company in Kenya?

1. Create an e-citizen account

  1. Create an e-citizen account. …
  2. Suggest five unique company name using e-citizen. …
  3. Apply and pay for the registration of the company. …
  4. Tax Requirements/kra registration. …
  5. Obtain a unified business permit. …
  6. National Hospital Insurance Fund. …
  7. Social security registration.

How much does it cost to register an NGO in Kenya?

Fees[edit]

Application fees Ksh. 16,000 is charged for national NGOs and Ksh. 30,000 for International NGOs.

How much does it cost to register a Ltd company?

It costs £12 and can be paid by debit or credit card or Paypal account. Your company is usually registered within 24 hours. If you do not want to use ‘limited’ in your company name you must register by post.

What is the first thing to do when starting a business?

  1. Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. …
  2. Write your business plan. …
  3. Fund your business. …
  4. Pick your business location. …
  5. Choose a business structure. …
  6. Choose your business name. …
  7. Register your business. …
  8. Get federal and state tax IDs.

How do I register a company in Kenya 2020?

how to register a business in Kenya 2020

  1. Business Name Search and ecitizen business registration. With our help the applicant shall be required to propose five desired name to the Registrar of Companies in Kenya for company registration.
  2. Memorandum and Articles of Association. …
  3. Stamp duty Payment. …
  4. Company Registration in Kenya forms.
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3.06.2020

How do you register a startup company?

Steps to Register Your Startup With Startup India

  1. Step 1: Incorporate your Business. …
  2. Step 2: Register with Startup India. …
  3. Step 3: Get DPIIT Recognition. …
  4. Step 4: Recognition Application. …
  5. Step 5: Documents for Registration. …
  6. Step 6: Recognition Number. …
  7. Step 7: Other Areas.

19.04.2021

Can one person register a company?

The Companies Act, 2013 provides that an individual can form a company with one single member and one director. The director and member can be the same person.

Which documents are required for registration of a company?

Documents Required for Company Registration

  • Passport.
  • Election Card or Voter Identity Card.
  • Ration Card.
  • Driving License.
  • Electricity Bill.
  • Telephone Bill.
  • Aadhaar Card.

Can a foreigner start a business in Kenya?

Generally, Kenya requires that foreigners wanting to own, or run a business in Kenya to obtain a work permit from the Ministry of Immigration. The type of permit applied for will depend on whether the foreigner will be an owner of the business or simply an employee (to be elaborated further below).

Hai Afrika!