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Company Setup

18
Oct

Company Registration in the Democratic Republic of Congo

Doing BusinessCompany Registration in the Democratic Republic of Congo

Democratic Republic of Congo at a Glance

DRC Has the Potential to become Africa’s Richest Economy due to the Abundance of Mineral deposits like copper, cobalt, gold, diamonds, zinc, iron and uranium. DRC also has the second Largest Fresh Water river after the Amazon in terms of volume and also has the world’s Second Largest Tropical forest.

The DRC has a Population of about 84 Million People and the Economy is Largely unexploited with Numerous Business Opportunities in the Mining Industry, Energy Sector, Construction and Real Estate, Food Processing and ICT Sector. The Few Sectors restricted for foreigners include establishing retail Commerce (Petit Commerce) and Foreign investment in the Agricultural Sector is Limited at 49% ownership

The Tax regime in the Democratic republic of Congo is Quite Straight forward with  the Tax rate for personal Income ranging from 0 to 30 %,  Corporation Tax is at 30% for Mining Companies, 35% Corporation tax for the other Companies and Vat at 18%.

Company Registration in the Democratic Republic of Congo Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  1  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to DRC double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in the Democratic Republic of Congo or to Request for a Quotation.

17
Oct

Company Registration In Tanzania

Doing BusinessCompany Registration in Tanzania

Tanzania at a Glance

Company Registration In Tanzania – Tanzanian is one of the Fastest Growing Economies in Africa with an abundance of natural resources, which offering tremendous investment opportunities for investors in several sectors that include Telecom, Fintech, Energy Sector, Real Estate, Agribusiness, Mining, Logistics and Warehousing.

According to RMB Bank 2018 Report, Tanzania is the 7th Best Country to Invest in in Africa, This is as a result to the Peace and  Political Stability, the strategic location, Attractive investment regime, Membership of bilateral Trade Agreements and Presence of Export Processing zones and Special Economic Zones.

Doing Business in Tanzania gives you the luxury to enjoy the leisure destinations that include Serengeti National Park, Stone town in Zanzibar, Mt Kilimanjaro National Park, Mafia Island and Ngorongoro Crater.

The Tax regime in Tanzania is Simple and Transparent and the Tax rate for personal Income ranging from 0 to 30 %, Corporation Tax is at 30% and Value Added Tax  (VAT) at 18%.

Company Registration in Tanzania Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  2  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Identification Registration required Yes Yes
Access to Tanzania double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in Tanzania or to Request for a Quotation.

15
Oct

Company Registration In Uganda

Doing BusinessCompany Registration in Uganda

The Pearl of Africa

Uganda is one of the Best countries to do Business in Africa because it has a stable Macro-Economic Policy, a Growing Internal Market with a Population of about 42 Million people and Accessible Regional Markets.

Uganda offers a wide range of business opportunities in many different sectors that include; Food processing, Real Estate & Construction, Manufacturing, Tourism and hospitality, Transport, Trading, Information technology services, Energy Sector.

Uganda has an Open Approach towards foreign Companies and Company Registration in Uganda is quite straight forward and Foreigners can register and own companies 100 %.

The Tax regime in Uganda is Simple and transparent and the Tax rate for personal Income ranging from 5 to 30 %, Corporation Tax is at 30% and Vat at 18%.

Company Registration in Uganda Summary Table

Entity Subsidiary Company Branch Company
How Long does the Company registration process Take? 10 Days 10 Days
How long Does it take to Open Bank Account?  5 Days 5 Days
After how Long can you Invoice and Hire  15 Days 15 Days
Minimum Number of Directors and Shareholders  2  –
Foreigner Can own the Company 100% Yes Yes
Can the entity hire expatriate staff Yes Yes
Tax Registration Certificate required Yes Yes
Access to Uganda double Tax treaties Yes Yes
Can bid for Government Contracts? Yes Yes
Can Secure Trade Finance? Yes Yes
Can Secure an Import and Export Licence? Yes Yes
Can Easily Convert into a PLC? Yes No
Can Secure Work permits for foreign Employees and Directors? Yes Yes
Multi Currency Bank Accounts Available? Yes Yes

Kindly Click Here To Contact Us For Additional information on Company Registration in Uganda or to Request for a Quotation.

11
Sep

HOW TO CONVERT A BUSINESS NAME INTO A LIMITED COMPANY IN KENYA

Convert A Business Name Into A Limited Company In Kenya – Most Start Ups in Kenya start as a Business Name and then Later on convert the Business Name into a limited Company. The process to convert a Business Name into a Company in Kenya is usually undertaken so that the Business can enjoy the Benefits of a Limited company that include but are not limited to the Following;

  • A Limited Company in Kenya is regarded as an Independent legal Entity, so as a shareholder your liability is limited to the extent of your share Contribution in the company.
  • They outlive the life of the Shareholders in case of death of a shareholder because the shares can be transferred to another entity.
  • A Limited Company has a strong competitive advantage that allows for larger profits.
  • A Limited Company provides a more professional image. In some instances, certain sectors, contractors or agencies will prefer to work with a Limited Company because of the legal protection it provides.

The Procedure to Convert a Business Name into a Limited company in Kenya is as Follows

  • The First step will be to link the business on the BRS Portal so as to verify information details and Business ownership.
  • The next step will be to deregister the Business Name by Filling form BN 6.
  • Upon successful deregistration, the business will cease operations, and then you will be free to register a Company as per the requirements for Company Registration in Kenya under the Company’s Act.

We hope that you found the Information helpful, Feel free to Contact Us for any clarification on how to Convert a Business Name into a Limited Company in Kenya.

All the Best

12
Jul

Telecommunications licensing in Kenya

Telecommunications licensing in Kenya – The Communications Authority of Kenya is the Regulatory Authority for the communications sector in Kenya. The Authority is responsible for facilitating the development of the information and communications sectors including Broadcasting, Multimedia, Telecommunications, Electronic, Commerce, Postal and Courier Services.

In this blog we are going to talk about the whole process for Telecommunications licensing in Kenya

Telecommunications licensing in Kenya – Outline

The Telecommunication Market Structure is divided into 6 market segments under the unified licensing framework. The market segments include:

  1. National network facilities provides
    1. Tier 1
    2. Tier 2
    3. Tier 3
  2. International network facilities providers
    1. Submarine cable landing license
    2. International gateway license
  3. Non-infrastructure service providers
    1. Application service providers
    2. Content service providers
  4. Terminal equipment providers
    1. Telecommunication terminal equipment contractors
    2. Telecommunication technical personnel
  5. Private very small aperture terminals (VSAT)
    1. Operated through VSAT hub operators licensed in Kenya
    2. Operated through foreign VSAT hub operators
  6. On time authorisation
    1. GMPCS landing rights authorization
    2. Business process outsourcing

Requirements for Telecommunications licensing in Kenya

The licensing process commences with the submission of a duly completed application form available at the authorities website. The applicants must meet the following conditions:

  1. Be registered in Kenya with the Registrar of Companies as a Company, Sole Proprietor or a Partnership
  2. Have a duly registered office and permanent premises in Kenya
  3. Provide details of Shareholders and Directors
  4. Registered Companies are required to have at least 20% local shareholding on or before the end of three years after receiving a license
  5. Provide Evidence of Compliance

At the conclusion of the licensing process, the applicant is advised of the outcome in writing. If the application is approved, the applicant is given a maximum of six months within which to take up the offer, failing which he/she may be required to apply a fresh if still interested in the license. The license must be put into operation within 12 months from the date of issuance.

It is a requirement that all electronic communications systems be type approved by the authority before they are activated. The authority inspects all networks before they are out into operation.

We hope that this Blog answered all your questions about Telecommunications licensing in Kenya. Feel Free To Contact Us for any clarification on the same or for compliance.

All the Best 🙂