Excellence in long distance races is one of Kenya’s major exports and now, the country should be going for gold in the race to be your next target market. Other than the amazing wildlife, Kenya has created an environment that is ripe for investment.
Before we delve into the steps for registering your company in Kenya, here is why Kenya should be on your list.
Why should you incorporate in Kenya?
Kenya is one of the leading markets in east/central Africa boasting of budding infrastructure, a strategic location and economic stability that has led to an established private sector. The country ranks 56th on the World Bank’s list of Starting a Business and Getting Credit. This means that the process of incorporation and operating is mostly straightforward and hitchfree.
Now that you’re sold, here’s what you need to get started
Requirements for company incorporation in Kenya
With a minimum of two directors and one shareholder you can be on your way to incorporating a company in Kenya.
However, there are are some essentials you’ll need to get started.
- A nominee director who has a pre-existing tax pin.
- A registered office address within Kenya.
- At least three proposed names
- A company secretary is mandatory only where the share capital is above five million Kenyan shillings ($42,900).
As a foreigner and non-resident, there are certain non-negotiables that you need before you can incorporate your company in Kenya. These may sometimes be constraining so we provided a Norebase solution.
- KRA Pin: The lack of a KRA pin will hinder any non-resident from moving along in the registration process. Although an appointed nominee director who has a pre-existing pin can apply for incorporation, all foreign directors must apply for an investor visa and pin.
Norebase solution – We have trusted partners who can act as your company secretary as well as your nominee director while you are obtaining your KRA pin
- Registered Address: a foreign company must have a local address in Kenya to operate.
Norebase solution – We provide a Norebase address you can elect to use as your registered office address.
- Notarization: Where the shareholder is a foreign corporate entity, the certificate of incorporation must be notarised before they can be submitted to the Registry.
Norebase solution – We have notary publics to assist with the notarisation process.
How to incorporate in Kenya with Norebase
Step 1: Go to www.norebase.com
Step 2: Create an account and verify
Step 3: Select “company incorporation” as your service choice
Step 4: Fill out the form and upload all necessary documents
Step 5: Pay
And that’s all!
We’ll register your company and send all necessary documents within 3-5 days.
If you are still unsure of incorporating in Kenya, this might make you reconsider
“Kenya has a projected economic growth rate of 6% per annum”IMF
To launch in Kenya the easy way from anywhere, visit www.norebase.com
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