Foreign company registration

Foreign company registration

The most important thing when fulfill your dream of starting a company, is to get the information about the company, being a foreigner does not limit you to setup a company or a business in Kenya thereby here is all the information you may require to know about .what you need as a foreigner you start by categorizing your company either private or public.

Registration of a sole proprietorship Company for foreigners

 a business name Registration of a sole proprietorship or is the simplest of all the available entities. a business name just shows who owns a business, the address and date of registration. The first step in registering it is to do a name search. Done on the eCitizen portal and enables one to reserve the name that they intend to use for the business. After the reservation is done, the registration can take place. This type of entity can be wholly owned by a foreigner. The form to be filled is called a BN2 form, which lists out the details of the business owners.

Incorporation of limited liability partnership for foreigners

The step 2is entity to starting a business in Kenya as a foreigner is a limited liability partnership (LLP). This is a type of entity that, in essence, allows the partners to separate their personal liability from the liability of the partnership. It has the protection of a limited company, with the flexibility of a partnership. The minimum number of partners for this entity is two while the maximum is twenty.  The partners can either be natural persons or corporate bodies. A manager who is resident in Kenya must be appointed at the point of registration.

Registering a limited liability partnership business in Kenya as a foreigner

Registering an LLP, you should first begin with a name search, which is done online on the eCitizen portal. Afterwards, you are required to fill out an LLP1 form. An agreement between the partners called a limited liability partnership agreement should also be drafted and signed by all the partners. However, although it is a requirement, it is not submitted during registration. The requirements are;

  • The letter of consent of the manager to act as manager of that partnership is also required and submitted.
  • The names,
  • Addresses
  • , passport photos,
  • KRA PIN certificates,
  • Copies of the IDs, both local and alien, of the partners and manager are required.

Private limited company, also called a limited liability company, is a business entity that allows members and directors to separate their assets from the entity’s assets. This kind of entity is among the best for a person who wants to start a business in Kenya as a foreigner. It can be wholly owned by a foreigner

Requirements for A Foreigner to open a company in Kenya

The name search and reservation,

  • CR1,
  • CR2
  • CR8
  • Statement of Nominal Capital forms are required to be filled.

If, however, you are seeking to start this type of business in Kenya as a foreigner, note that

  • A resident Kenyan representative is required. Also, 30% of the shares must be held by Kenyans.
  • A minimum of three directors and a minimum of seven shareholders are required for this type of entity.
  • A Kenyan resident company secretary is also required. Shareholders and directors can be corporate bodies, but at least one of each must be natural persons.

To register it,

  • the CR1, CR8 and Statement of Capital forms need to be filled,
  • a memorandum of the company and its articles of association should be drafted.
  • The names, addresses, passport photosKRA PIN certificates and a copy of their IDs, local or alien, of the directors and shareholders, are also required

The documents are uploaded and the forms filled out online, on the eCitizen portal.

After  getting the registration  certificate you are good to work on getting other  permits you’re your company .visit our website for all these services  at affordable prices and excellent services

contact ocl business associates for private limited company registration in kenya