Foreign Direct Investment Archives – Business Consultants KenyaBusiness Consultants Kenya

Foreign Direct Investment

7
Aug

How to Find Agents & Distributors in Kenya

How to Find Agents & Distributors in Kenya – Finding Agents & Distributors in Kenya can be at times a Daunting task for Companies and Business owners looking to expand their Market into this region. This However negate the need to find Local Agents and Distributors to help you access the Kenyan Market and also the Larger East and Central African Region with a total Population of about 140 Million People.

We follow the following simple steps To help you Find Agents & Distributors in Kenya .

  1. We start by identifying your Company, Product and Service offering and then together with you we help you identify the Geographical Area and the Demography to Target. This then informs on whether a Company or an individual would be the best fit taking into consideration the Commission to give and the kind of Sales Volumes to expect from the Agent.
  2. The 2nd step is to analyze your Particular needs, Products, Services and Current Distribution channels available in Kenya and then recommend on the Most efficient methods to bring import your product / service, r on the best Set Up for you and the distribution Channels to embrace.
  3. The 3rd Step is to analyze the various Agents and Distributors in our Database and carefully selecting the ones that perfectly match your requirements. On Average we send you a list of about 15 Agents/ Distributors and incase the list is not Sufficient enough we normally run Specific Ads targeting agents that fit in your requirements. This Process is Climaxed by the Process of helping you choose the Best Agent/Distributor
  4. On the 4th step we help you Negotiate and Contract the Agents and Distributors making sure that your interests are well taken care of, The commission Plan is well captured, the obligations of each party is well captured and a clear conflict resolution criteria is explicitly stated.
  5. Lastly we shall from time to time check on the Performance of the Agent and distributor in Kenya giving them the necessary support to ensure that their targets are met and also guiding you on the necessary changes in the Market and Kenyan Laws that might affect the performance of the uptake of your Services and products in Kenya.

We really hope that this blog has answered your questions on how best to find Agents & Distributors in Kenya. Feel free to Contact Us Today for a detailed explanation on how best to Find Agents & Distributors in Kenya or for a customized approach that suits your specific needs.
Many thanks and all the best 🙂

10
Jul

Investing and Doing Business in Kenya

Investing and Doing Business in Kenya – Are you looking to Expand your Business into East and Central Africa?

Then Kenya is the Best Option for you. Kenya is one of the key logistical conduits into the East and Central African Market consisting of Kenya, Burundi, Djibouti, Democratic Republic of the Congo, Ethiopia, Rwanda, Somalia, South Sudan, Sudan, Tanzania, Uganda with an average GDP Growth of about 6%.

Many foreign companies establish their regional headquarters in Kenya due to the numerous Business opportunities and also because of the improvement of the ease of doing Business over time.

Kindly Click on this Link for More and to Download the FREE Handbook on Investing and Doing Business in Kenya

Reasons As To Why Investors Prefer Kenya Include The Following;

  • Qualified Work Force
  • Dynamic Private Sector
  • Harmonious industrial Relations
  • Preferential Market Access
  • High Returns
  • Convenient Time Zone

Available Investment Opportunities In Kenya Are Spread Across The Following Industries

  • Energy Sector
  • Information and Information and Communication Technology
  • Manufacturing Sector
  • Pharmaceutical Sector
  • Tourism Sector
  • Transport and Infrastructure Sector
  • Agricultural Sector
  • Trade Sector
  • Water and irrigation Sector
  • Building& Construction
  • Mining Sector

Kindly Click on this Link for More and to Download the FREE Handbook on Investing and Doing Business in Kenya

The Incentives Granted to Foreign Investors by the Government of Kenya include the following;

  • Manufacture Under bond programs
  • 100% investment allowance
  • Duty and VAT exemption on machinery, Equipment’s and Raw materials.
  • Export processing zones
  • Special Economic Zones

Kindly Click on this Link for More and to Download the FREE Handbook on Investing and Doing Business in Kenya

 

29
May

How to Verify and Renew Work Permits in Kenya

How to Verify and Renew Work Permits in Kenya – For the next 60 days the Ministry of Interior through the Department of Immigration Services has directed all foreigners working in the country to verify and renew their Work Permits at the Immigration.  This directive seeks to crack down on foreigners working in the country illegally.

In 2017 alone there were 8,366 new permits issued, it is estimated that there are about 34,000 work permits registered so far. This verification exercise will not only be used to rid the country of illegal and undocumented workers but is in line with the ministry readiness to issue foreigners with foolproof electronic cards as work permits so as to reduce the paperwork and to improve efficiency. The electronic cards system will also provide the immigration department with the necessary statistics on the number and categories of permits issued to foreigners working locally.

All foreigners are therefore required to submit their original Work permit, Valid official endorsement on passport, Valid alien card, official payment receipt and Kenya Revenue Authority PIN number. The ministry has assured all the foreigners that the process will be seamless and they have nothing to worry about. There is anticipation for the introduction of a quota system in the issuance of work permits and possibly an introduction of annual immigration audits to identity any undocumented or improperly documented foreigners working in Kenya. It is also expected there will be a restriction on business visas which are normally valid for 90 days to a shorter period.

For more about work permits and the requirements check out how to apply for a Work Permit In Kenya

26
Apr

CHECKLIST for Foreign Company Registration in Kenya

Foreign Company Registration in Kenya – Are you looking to start up a Business in Kenya? Here is a checklist to help you start a Business in Kenya as a foreigner. This will help you avoid the many Pitfalls that you might come across.

  1. Decide on a Business Name/ Company name

What is in a Business/Company Name? A Business Name can make a very big difference on how well you are able to penetrate the market. Business & Company Names make a significant impact on Branding and Marketing of any company or business hence it’s very important to choose an Appealing Name. The name of your Business can be your own personal name or a “fictitious” name. It is important to note that the name should also be available for reservation.

  1. Search Availability of Name(s)

You will want to ensure that your Chosen Name is not trademarked or used as an Internet Domain name by another entity. If you choose to do business as your legal name, this shouldn’t be a problem.

  1. Register your Company

Under the Companies Act 2015 the start-ups are now provided with standard Articles which can be adopted by a company. However, Articles to Supplement or Modify the Standard Articles may be provided. It takes 12 days on average to complete the whole registration process. Once your Company/ Business Name is registered it can’t be registered by anyone else; and if another entity uses this Name, it will be easier to take legal action.

  1. Register for Taxes at the Kenya Revenue Authority PINs

The Pin Numbers are issued to every individual and Companies Operating in Kenya for the purposes of Transacting Business with Kenya Revenue Authority, other Government agencies and private Companies in Kenya

  1. Office/ Ware house  leasing

Business location can also determine how well your Company/ Business performs. If you are setting up a Small Consultancy firm, you can rent an Office Space in one of the Serviced Office spaces Available and it is a large or medium Manufacturing company, you can lease space in the Industrial Area or choose to lease Land and set up the structures yourself.

  1. Obtain Business Licenses and Permits

This will involve Processing of all the Relevant Business licenses like the Business Permits form the local County Council, Manufacturing and Quality Standard Licenses from the Kenya Bureau of Standards, an Environmental Licenses from the National Environmental Management Authority and Lastly you will need to Process Work permits for the foreigners in the Company From the Department of Immigration and registration of Persons

  1. Bank Account Opening

This is very essential to operate your Accounts Receivables and Payables. You can choose a banking partner from over 40 Stable Local And International Banks in Kenya with reliable Internet Banking Solutions making it easy for you to Bank From whichever part of the region you are in.

  1. Staff recruitment

Lastly, you will need a reliable workforce to help you realize your Business/Company Objectives. The Workforce in Kenya is generally educated and Pro Active hence you can easily train the Human Resource on how you want to run your business.

Click here to find out more on Foreign Company Registration in Kenya