11 Steps to Register Your Private Company in Kenya

<h1>11 Steps to Register Your Private Company in Kenya</h1>Author: <a title="Henry Kimathi" href="http://www.articlesbase.com/authors/henry-kimathi/36133.htm">Henry Kimathi</a> Are you an overseas or local investor interested in setting up a private company but you are finding it rather difficult to start-off because you do not know where to go, what document to have or who to contact for what? This article may just be your answer to all these questions and many more you may ask along the way. It provides 11 simple and general steps that can now help you have a smooth investment experience in Kenya:

<ol>

<li>Obtain approval for the company name from the Registrar of Companies (4 days). Cost to complete: $1.50 per name reservation.</li>

<li>Obtain stamp on the Memorandum and Articles of Association and a Statement of the Nominal Capital at the Lands Office (5–8 days). Cost to complete: 1% of nominal capital + $26.5 stamp duty on Memorandum and Articles of Association.</li>

<li>File Declaration of Compliance with the Registrar of Companies as required under the Companies Act (1 day). Cost to complete: $3.</li>

<li>File deed and details with the Registrar of Companies at the Attorney General's Chambers (21 days). Cost to complete: $3.</li>

<li>Register with the Tax Department for a Personal Identification Number (PIN) (3 days). Cost to complete: no charge.</li>

<li>Register with the VAT office (1 day). Cost to complete: no charge. Apply for a business permit at the Nairobi City Council (1 day). Cost to complete: $3.</li>

<li>Apply for a trading/operational license (7 days). Cost to complete: no charge.</li>

<li>Register with the National Social Security Fund (NSSF) (1 day). Cost to complete: no charge.</li>

<li>Register with the National Hospital Insurance Fund (NHIF) (I day). Cost to complete: no charge.</li>

<li>Register for PAYE at the Kenya Revenue Authority (1 day). Cost to complete: no charge.</li>

<li>Buy a company seal from the relevant business dealers after a certificate of incorporation has been issued by the Registrar of Companies. Cost to complete: $33.</li>

</ol>About the Author: Henry Kimathi began writing poetry at the age of 15 alongside other literary works. He holds a BSc. in Agricultural Economics and is currently finalising his MBA thesis in Management Information Systems. Besides Economics, Henry is also a Web Design Specialist, Computer Programmer and a DeskTop Publishing Specialist. Henry currently works as a Regional Communications Officer with an international not-for-profit organisation and is in charge of systems administration, creative art design and press management. He has written two unpublished novelletes and is working on an African horror novel. He has penned a series of short stories and articles on a variety of topics published in journals and magazines. Henry realises little is known about his country Kenya and has thus developed a passion to right this through a website he has put together which can be accessed at <a href="http://www.enchanted-landscapes.com" target="_blank">www.enchanted-landscapes.com</a> 
 
Poems by Henry Kimathi: 
Poetry By Henry</a>Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/investing-articles/11-steps-to-register-your-private-company-in-kenya-350020.html" title="11 Steps to Register Your Private Company in Kenya">11 Steps to Register Your Private Company in Kenya</a>

Are you an overseas or local investor interested in setting up a private company but you are finding it rather difficult to start-off because you do not know where to go, what document to have or who to contact for what? This article may just be your answer to all these questions and many more you may ask along the way. It provides 11 simple and general steps that can now help you have a smooth investment experience in Kenya:

Obtain approval for the company name from the Registrar of Companies (4 days). Cost to complete: $1.50 per name reservation.

Obtain stamp on the Memorandum and Articles of Association and a Statement of the Nominal Capital at the Lands Office (5–8 days). Cost to complete: 1% of nominal capital + $26.5 stamp duty on Memorandum and Articles of Association.

File Declaration of Compliance with the Registrar of Companies as required under the Companies Act (1 day). Cost to complete: $3.

File deed and details with the Registrar of Companies at the Attorney General's Chambers (21 days). Cost to complete: $3.

Register with the VAT office (1 day). Cost to complete: no charge. Apply for a business permit at the Nairobi City Council (1 day). Cost to complete: $3.

Apply for a trading/operational license (7 days). Cost to complete: no charge.

Buy a company seal from the relevant business dealers after a certificate of incorporation has been issued by the Registrar of Companies. Cost to complete: $33.

Henry Kimathi began writing poetry at the age of 15 alongside other literary works. He holds a BSc. in Agricultural Economics and is currently finalising his MBA thesis in Management Information Systems. Besides Economics, Henry is also a Web Design Specialist, Computer Programmer and a DeskTop Publishing Specialist. Henry currently works as a Regional Communications Officer with an international not-for-profit organisation and is in charge of systems administration, creative art design and press management. He has written two unpublished novelletes and is working on an African horror novel. He has penned a series of short stories and articles on a variety of topics published in journals and magazines. Henry realises little is known about his country Kenya and has thus developed a passion to right this through a website he has put together which can be accessed at www.enchanted-landscapes.com

Poems by Henry Kimathi:
Poetry By Henry

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Article Tags: Business Opportunities, Investment, Opportunities, Kenya, Kenya Business, Investing In Kenya, Guide To Kenya Investment, Kenya Investment Guide

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1. joram (14:21, 16.11.2009)

i wish to register a trading company in kenya , dealing in general merchadise , and possibly evolve to a brokerage / logistics provider .kindly advice

2. Brian Amu (08:23, 18.05.2009)

I would like to register a limited company dealing in construction and based in Kenya,preferably category G.Kindly Guide on how to register on line and payments required.

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