The initial step in forming a company is to register the proposed company name with the Registrar of Companies at the Attorney General's Chambers in Nairobi. The Memorandum and Articles of Association should be filed with the Registrar of Companies who, upon satisfaction, issues the Certificate of Incorporation.
Opening a branch office of an overseas company.
Private sector-led economic growth has since the early 2000s, been Kenya’s Priority. The Government's business-friendly stance has rolled over into Vision 2030, which sets development benchmarks for a number of priority sectors. This has been complemented by the integration of the EAC and the establishment in 2005 of a customs union and a common market (2010).
Kenya has adopted cluster development as part of regional and national competitiveness strategies with plans underway to develop industry clustures in strategic locations across the country. Investors can take advantage on existing arrangements with attractive incentives and simple investment procedures.
Kenya has a population of about 47.2 million people of which 47.5 percent constitute the working population. The country also has the highest 15 + literacy rate in the region (90 percent). Investors have access a large pool of highly qualified professionals in diverse sectors at competitive rates within a very flexible legal framework.
The Kenyan tax system comprises both direct and indirect form of taxes. This includes include Income Tax, Customs and Excise Duties and Value Added Tax (VAT).
New investors are advised to familiarize themselves with the tax regime in Kenya. Penalties and interest levied on non-compliance with tax legislation is punitive.
Brief description of varies taxes is given below;
Kenya offers an economical business cost environment, including competitive salary rates for highly qualified staff. While business costs vary between different service providers. However, most providers are open for negotiation. This is an indicative guide to price levels for key services such as power, water, professional services and premises.
Kenya offers many advantages that make it a good choice for settlement and investment. There is the spectacular and diverse nature with landscapes ranging from mountains to beautiful beaches. The country has many wild and spectacular animals and birds. All of these can easily be enjoyed due to a professional and very well developed tourism industry, which is very open to investment and partnerships.