How To Form A Company In Kenya
79So you want to register a company in Kenya? Congratulations and keep it up for your bold move of trying to start a company in Kenya. It’s normally easy to form a company in Kenya because the procedure to be followed is simple and easy to follow.
Whatever your reason for starting a company in Kenya, here are the steps to follow that should no doubt lead to successful registration of a company in kenya.
Get name approval, this is the first step in forming a company in Kenya. Your company must have a name and that name must get approved by the registrar of companies. You are required to go to Sheria house along Harabee Avenue and make an application. You will then pay a small fee (between sh.100-200). Wait for the registrar to approve the name and after that is when the name will be reserved for 30 days in which you will be issued with a document stating registration.
Purchase of stamp duty, the second step of company registration in Kenya involves purchasing a stamp duty. What you have to do is simply walk into any commercial bank and purchase one. The process of obtaining a stamp duty takes one day and it may cost you an amount of anywhere from shillings 2000 to 2500.
Submit your company’s articles of association, memorandum of association and stamp duty document to Kenya revenue authority (KRA) for verification. My believe is that you have hired a qualified lawyer to draft the articles of association and memorandum of association documents.
Declaration of compliance, an oaths commissioner will sign this form on behalf of you
File your documents at the registrar’s office. The documents you will need to file in the registrar’s office include;
- Memorandum of association
- Articles of association
- NHIF registration form, a medical contribution for your employees to the national hospital insurance fund.
- NSSF registration document, a mandatory contribution to your employees retirement fund to the national social security fund.
- A business permit certificate from the city council of Nairobi.
Get company seal, a company seal can be gotten from many places Nairobi.
You will be issued with a certificate of incorporation and you can then start trading or doing the business your company was meant to undertake.
