Can foreigners register a company 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).
Can a foreigner be a director of a Kenyan company?
The new procedures now allow a single person to register a limited Company as a Foreigner; this means you do not need a Kenyan director to co-own the company with you. You can own the company 100%.
What is required to register a company with a foreigner in Kenya?
One requires a copy of their Passport or alien ID, a colored passport size photo. This whole process is done online, on the eCitizen portal. The registration is normally completed within 24 hours. The second entity to starting a business in Kenya as a foreigner is a limited liability partnership (LLP).
Can a foreigner get KRA PIN?
A foreigner can only get individual and company Personal Identification Numbers (PIN) directly from Kenya Revenue Authority (KRA) if they have foreign national registration certificate (an alien card).
Can a foreigner start a business?
In fact, there are no restrictions on foreign citizens generally. You do not even need to have a green card to start your business or purchase a corporation or Limited Liability Company (LLC) that is headquartered in the US. However, starting a business and actually working in the US are two different things.
What business can a foreigner do in Kenya?
A private limited company, also called a limited liability company, is a business entity that allows members and directors to separate their assets from the entity’s assets. This kind of entity is among the best for a person who wants to start a business in Kenya as a foreigner.
How can a foreigner become a Kenyan citizen?
A person who has been lawfully resident in Kenya for a continuous period of at least seven years, and who satisfies the conditions prescribed by an Act of Parliament, may apply to be registered as a citizen.
Can foreigners 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.
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.
How much is Kenya residence permit?
The annual fee for the permit is USD 2000 which translates to Kshs. 200,000 and the permit lasts for a period of two years. The applicant may also be required to provide a security bond amounting to Kshs. 100,000/= for a period of three years.
What is required to register a company in Kenya?
To register a company in Kenya you shall require the following information and documents.
- Proposed company names for name search approval. …
- Objectives of the Company. …
- Names of the shareholders in Full.
- Names of the Directors in full if different from the shareholders.
- Contact information of the directors / shareholders.
How do I register a limited company in Kenya?
How to register a Limited company in Kenya.
- Name Search. The proposes company name has to be searched and reserved by the registrar of companies.
- Execution of forms CR1, CR2, CR8 and statement of Nominal capital. …
- Application for registration. …
- Registration and issuance of certificate of Incorporation.
- PIN application.