How much is it to register a foreign company in Kenya?

How much does it cost to register a foreign company in Kenya?

Prior to carrying on business in Kenya, you must lodge an application for registration as a foreign company with the Registrar through the E-Citizen platform (https://www.brs.ecitizen.go.ke/) or www.services.brs.go.ke and pay the current registration fee of KES 7,550 or as statutorily advised (the fee includes the name …

How do I register a foreign company in Kenya?

Requirements for Foreign Company Branch Registration in Kenya

  1. a completed Form FC 2 (Application for registration as a foreign company)
  2. a copy of the company’s certificate of incorporation or registration in its place of origin (or similar document) duly certified by a Notary Public.

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

Registration of a branch office takes on average 2 weeks. It is thus more expedient for foreign investors seeking to break into the Kenyan market.

Can a foreigner register a company in Kenya?

During the registration process, a foreigner will only use their passport to register the company unlike for locals who require a Kenya Revenue Authority PIN for registration. Company registration is done online through the ecitizen portal.

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Can a foreigner own land in Kenya?

Foreigners can own property in Kenya in their name. The Constitution (2010), the Lands Act (6/2012) and the Land Registration Act (3/2012), subject to certain limitations, grant the right to any person, either individually or in association with others, to acquire and own land in Kenya.

Can a foreign company do business in Kenya?

Companies incorporated outside of Kenya can do business in Kenya by registering a branch. The registrar of companies issues a certificate of compliance once all the requirements have been met. Certified copies of foreign company’s memorandum and Articles of Association.

Can a foreigner be a director of a Kenyan company?

It can be wholly owned by a foreigner and some argue that a work permit may not be required in its formation. There is no requirement for a resident director or a company secretary.

Does companies Act apply to foreign companies?

As per Section 384 read with Section 77 of the Companies Act 2013 charges on properties which are created or acquired by any Foreign Companies whether situated in or outside India shall be registered with Registrar. Under Companies Act 2013 properties need not be situated in India.

How much money is required to register a company?

The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.

How much does it cost to start a company?

According to the U.S. Small Business Administration, most microbusinesses cost around $3,000 to start, while most home-based franchises cost $2,000 to $5,000. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you’ll require.

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How do I register a private company in Kenya?

How do I register a business in Kenya? You create an account at the government services website ecitizen.go.ke. Then you go to the Attorney General section, where you do first a name search. After a successful name search and registration, you need to start another application, which is the company registration.

What is a branch of a foreign company?

A foreign branch is another location of your company that operates entirely in another country. Think of it as an extension of your main office, similar to adding on an extension to your current office, but on a global scale. A subsidiary, on the other hand, is a new business in a foreign country.

Can a foreign company sue in Kenya?

366 of the Act was interpreted that it was specifically confined to a foreign company operating in Kenya, and which can sue and sued and hold land in its name.

What is a foreign company in company law?

“foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and. (b) conducts any business activity in India in any other manner.