foreigners investing in Kenya companies
Foreign private limited company
The following documents are required for company registration
A certified copy of the foreign company’s current certificate of Formation or incorporation or registration in the company’s place of origin
A certified copy of the company’s constitution (memorandum and articles of association)
A list of the names of the company’s directors and shareholders, and their personal details
Notice of the address of the company’s registered office in its Country of origin, if any, the address of its principal place of business in its place of origin
Proposed director’s passport
Medium sized photo for the proposed director
Email, mobile number and box number for the directors
What is required when Exporting?
The Exporter will need to acquire the services of a licensed customs clearing agent. A clearing agent is mandated to process the Exportation documents in the customs system and assist in clearing goods on your behalf.
Vat and Export Levy
Exports are not charged value added tax(vat). Some select items attract an export Levy.
documents required in clearance of Exported goods
To clear any Exported goods requires the engagement of a licensed customs clearing agent. Exportation documents required include but not limited to:
A valid Commercial Invoice;
Certificate of origin
Permit/License for restricted goods
company Taxpayer Identification Number (PIN certificate)
Tax for foreign company in Kenya
Branches of non-resident companies are taxable on all their incomes derived from or accrued in Kenya. In determining the profits of a branch, interest, royalties or management or professional fees paid to the head office are not tax deductible.
export processing zones enterprises
Export processing zones (EPZs) are designated parts of Kenya that are aimed at promoting and facilitating export oriented investments and to develop an enabling environment for such investments.
EPZ’s company are exempt from corporate tax during the first 10 years. Licensing of an EPZ shall not include activities that are commercial in nature but manufacturing.
The corporate tax rate is 25% commencing from the 11th year. However, employees and directors, other than non-residents, of an EPZ enterprise are liable to personal income tax.
contact ocl business associates for private company registration in Kenya