Registration of foreign Companies in Kenya Archives – Business Consultants KenyaBusiness Consultants Kenya

Registration of foreign Companies in Kenya

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

15
Mar

Branch vs Subsidiary Company Registration In Kenya

Branch vs Subsidiary Company Registration In Kenya – Which one is the Best for me? Many clients often ask us the above question and our answer to it is that “It all depends on the Business approach you want to take”. This is because in some instances, a Branch would be the most ideal entity while in other instances a Subsidiary would be the most ideal.

The major difference comes in when paying Taxes because a Branch Company will be taxed at 37.5 % Corporation Tax while a Subsidiary Company will be taxed at 30%.

However, having paid Tax at the higher rate, a Branch Company may remit after tax profits to its head office without any further deduction of tax whereas a subsidiary company must then deduct a further 10% on dividends paid to its parent.

See below a Comparison of a Branch vs Subsidiary Company Registration In Kenya

Branch Subsidiary
legal  Status Not a separate legal entity but an extension of the Parent Company Separate legal Entity  distinct from its Parent Company
Liabilities Liabilities Extend to Parent Company Liabilities Limited to Subsidiary
Entity Name Must be the same as the Parent Company Can be the same or Different from Parent Company
Allowed Activities Must be the same as the Parent Company Can be the same or Different from Parent Company
Validity Period Registered forever until closed Registered forever until closed
Taxation Taxed as non-resident entity, local tax benefits not available Taxed as resident entity, local tax benefits available
Annual Filing Must file Branch Office as well as Parent Company’s Accounts Must file Accounts of the Kenyan Subsidiary
Bank Account Can open Bank Account in Kenya Can open Bank Account in Kenya

Click here to talk to one of our Business Set-up Expert for More Insight on Branch vs Subsidiary Company Registration In Kenya and East Africa