What are the requirements for company registration in Kenya?

What are the requirements for company registration in Kenya?

This is one question that has been on the minds of many people seeking to start a business in Kenya. This question comes up a lot because Kenya is definitely one of the most stable and fastest growing economies in the world. This is a great place to start a business as the country has international standards for doing business. To get into business in Kenya, you need to start a company, so the question of what requirements are needed for company registration in Kenya is something that you will have to decide on yourself. However, there are a few things you need to know before making your decision. First, you cannot register a business without a legal entity. A legal entity is a company, limited company or even an association, but there are 2 different types of legal entities in Kenya: Company registration and Company registration. Company registration is when you register a company in Kenya. To register a company, you need to have an established business of at least 2 years. That company needs to have at least 3 shareholders, and those shareholders need to be Kenyan citizens. To be a shareholder is to own the company, and thus make it a legal entity of your own
To Register a company in Kenya, you shall require the following.

  • Name Search The Proposed company name must be searched and reserved pending registration. Names can only be reserved for thirty days. Application for reservation of a name are made filling out Form CR 14 and be accompanied with the prescribed fee.
  • Documents prescribed for incorporation of a company. The company Memorandum and Articles of Association – Highlights the objectives of the company, the subscribers, the share structure of the company and the subscribers to the Memorandums and Articles of the company. – Form CR1 – Application for registration of a Limited company, Unlimited company or a company limited by guarantee. – Form CR2 – Model memorandum for a company with a share capital. – Form CR8 – Notice of Residential address of the Directors. – Statement of nominal capital – Declaration of Nominal Capital of the company.
  • Only companies with a Nominal capital of over Kshs 500,000 are required to have a Certified company Secretary.
  • The Statement of Nominal capital is exempted from stamp duty under the new company regulations
  • Registration – Certificate of Incorporation is processed and issued thereafter.

Requirements for company registration in Kenya.

To register a company in Kenya you shall require the following information and documents.

  1. Proposed company names for name search approval.- 3 names in order of priority.
  2. Objectives of the Company. The nature of Business / activities the company shall undertake.
  3. Names of the shareholders in Full.
  4. Names of the Directors in full if different from the shareholders.
  5. Contact information of the directors / shareholders. – Postal addresses, Email address and Telephone Number.
  6. Number of shares to be held by each shareholder.
  7. Proposed Physical address of the company. The Physical Address includes road, plot number, town, county.
  8. Email address of the company. Distinct from that of the directors / shareholders.
  9. Contact information of the company – Postal addresses and Telephone Number.
  10. Copy of ID / Passport of the Shareholders / Directors.
  11. Passport photos of the Shareholders / Directors.
  12. Copy of tax PIN certificate of the Shareholders / Directors.

An application is then made to the registrar of companies. Upon a successful application, a certificate of incorporation is issued to the directors/shareholders of the Company. Notice to the Public – Notice of the registration of the company is published in the Kenya Gazette,