how much is to register a company in Kenya
The government fee for company registration is ksh 10750.this fee will increase if you are are consulting firms for the service.
This process of registration is now online and is done on the E-Citizen platform.
The Companies Act of Kenya (No 17 of 2015) defines a private company limited by shares as one where a shareholder’s liability is limited by the amount unpaid on the shares held by the member. This means that the extent of a shareholder’s liability is limited to only their portion of the unpaid capital.
This type of company is favoured by promoters seeking to do business in Kenya and indeed is the most common type of company incorporated in Kenya.
A person intending to set up a company (promoter) may be local or foreign; additionally, there is no stipulation under the Companies Act on minimum local shareholding (although there may be on a sectoral basis e.g., telecommunications companies
Private limited company(LLC) is limited to 50 members and prohibits invitations to the public to subscribe for shares of the company.
This is the procedure to register your private limited company.
1.create an e-citizen account
2.log into your e-citizen account
3.select business registration service-private limited company.
4.Apply for reservation of the company name. Submit at least 3 names in order of priority.
5.Fill in the primary business activity of the company.
6.Upload the articles of association or adopt the model articles.
7.Fill in the requires details and download forms cr 1 cr 2 cr 8, statement of nominal capital and BOF form, have them signed by the directors/shareholders
8.scan and upload the forms. wait for the registrar office to work on your application.
9.download your certificate after the registrar of companies has approved the registration of your company
contact ocl business associates for this services.