how to register a limited company in kenya Archives – Business Consultants KenyaBusiness Consultants Kenya

how to register a limited company in kenya

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

25
Apr

Simple Steps on How to Register a Company In Kenya

Simple Steps on How to Register a Company In Kenya –

To Register a Company In Kenya You only need to Follow the Following Simple Steps. The Process is Equally Simple for Both Local and Foreign Directors.

1. We Meet you and get to Understand your Business
2. We Receive Official instructions and Registration Documents from the Client.
3. We Conduct a Name Search and prepare the Registration Forms
4. The Client Signs All the Registration Forms
5. Company Registration is Approved and Client receives the Incorporation Certificate and Form Cr12
6. KRA PIN, NHIF, NSSF Registration and Bank Account Opening
7. Client Receives all the Company Registration Documents

How to register a Company In Kenya

Click here to Read More about our Company registration Services.

16
Apr

New Company & Branch Registration Process in Kenya for Foreigners

New Company & Branch Registration Process in Kenya for Foreigners – Are you looking to start a Business in Kenya?  Here are the guidelines that you would need to know.
There are two ways for you to register a company as a foreigner, one as a limited company and the other as a subsidiary company.
For a limited Company (LLC) / Subsidiary
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%.
The Registration process is as follows:
First you have to avail at least 3 names on which we are going to conduct a Name Search to ensure that the name is available for you. If the names are available we will continue with the process, which includes you providing the following
1. Copy of your valid Travel Passport
2. Passport size Photo
3. Telephone Number, Physical, email and Postal Addresses of the Directors
4. Occupation of the Foreign Shareholder(s)
5. Shares apportionment percentage incase the company has More than 1 Director.

Once you have all the requirements we go ahead and fill in the CR1, CR2, CR8 and the statement of nominal capital, which you are required to sign and send back to us to finish the process.
If the process is successful you will be issued with a Certificate of Incorporation and CR12. You will use the certificate of incorporation to register with the Kenya Revenue Authority for the company Pin number.

Registering a  Branch Company
A Branch Company is an Entity that is not any Different from the Parent Company with a Name and Activities Exactly as the Parent Company and its Liabilities extends to the Parent Company. In Short, A branch is just an Extension of the Parent Company.
The process of Registration is similar to the limited Company mentioned above however you would need to avail the following documentations.
1. Certified copies of the parent Company’s Certificate of Incorporation
2. Certified copies of the Charter, Statutes or Memorandum and Articles of Association of the parent Company
3. List of the Directors of the Parent Company giving the following particulars: Full Names, Postal address, Nationality and Business Occupation
4. Name(s) and Postal Address of one or more persons resident in Kenya authorized to accept service on behalf of the company.
5. Full address of the Registered or Principal office of the parent company.
6. Full address of the place of Business in Kenya.
If the process is successful you will be issued with a Compliance Certificate. You will use the Compliance Certificate to register with the Kenya Revenue Authority for the company Pin number.

Kindly Click on this link to read more on the differences between Branch and Subsidiary