Robots Kenya – Tech News & Gadget Reviews
    What's Hot

    How to Disable a Private Number 2022

    May 27, 2022

    How To Make Calls With A Private Number in Kenya

    May 27, 2022

    TuneCore Partners with International Social Networking App, Ayoba

    May 26, 2022

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Robots Kenya – Tech News & Gadget Reviews
    • Home
    • Tech News

      Top Fintech Companies in Kenya

      February 16, 2022

      How to File KRA Nil Returns online

      November 9, 2021

      How to Apply for KRA Tax Compliance Certificate -TCC

      November 5, 2021

      How to Transfer Money from Equity to Mpesa via Equitel

      December 7, 2020

      KRA to Snoop on MPESA and Bank Accounts

      November 7, 2020
    • Cryptocurrency

      Crypto Trends to expect from Africa in 2022

      January 12, 2022

      Make a Cryptocurrency Switch for the Better with BitiQ

      January 12, 2022

      Bitcoin tops $20,000 milestone and continues to surge to record highs

      December 18, 2020

      How to trade Bitcoins on Chipper Cash

      October 28, 2020
    • Cyber security

      Top Cybersecurity Companies in Kenya

      December 21, 2020

      Kaspersky warns of top IT security threats in Africa

      October 27, 2020

      Steps SMEs can take to improve their Cybersecurity

      October 27, 2020

      Dimension Data revamps its Threat Intelligence Centre

      October 13, 2020

      The Underlying Privacy Issue behind Smart City Establishments

      October 12, 2020
    Robots Kenya – Tech News & Gadget Reviews
    Home»How To»How to Register a Company in Kenya
    How To

    How to Register a Company in Kenya

    Victor KeitanyBy Victor KeitanyFebruary 18, 2022No Comments5 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    How to Register a Company in Kenya
    How to Register a Company in Kenya
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Starting a company is one of the best decisions you can make in your life. However, before having the company you need to make sure that you’ve met all the legal requirements of the Kenyan government. This includes registering your company which will enable you to get public procurement.

    Many young people in Kenya have tried to form companies either as groups or as individuals but the process has been lengthy and tedious. However, its now easy to register a company through the eCitizen portal. Here are the steps you must follow in order to register your company ;

    1.  Reserve your business name

    First, you will do a search of the name and reserve it for up to 30 days. This has never been an expensive task as it takes only Sh100. It can be done at Huduma centre or via the eCitizen portal.  It’s at this stage whereby you will also need to come up with one specific nature of business e.g. Tours & Travel.

    Please note that you are only allowed to perform one name search at a time.

    You can perform name search at any of the Huduma Centres or visit eCitizen website

    2. You will fill the company registration form.  You can download the form down below:[embeddoc url=”https://robots.co.ke/wp-content/uploads/2022/02/Company-Registration-Form_Gazette-Final-2-18-1.docx” download=”all” viewer=”microsoft”] 

    3. The next requirement will be to get a registered lawyer to prepare the Memorandum and Articles of Association which is modifiable.

    4. Once your company name has been reserved, you will need to provide your information that will be used to prepare your company documents.

    Here are some of the information that you will need to collect;

    Director(s) Details:

    • Full names – your full names as displayed on your ID/Passport will be used on the application
    • Occupation – you will need to state your occupation e.g. IT Consultant, marketing consultant, finance consultancy, consultant etc. If you don’t have any occupation, don’t worry, you can simply put either a businessman or businesswoman.
    • Postal address – you will need to provide your postal address. If you don’t have one, you can register it with Posta Kenya.
    • Physical Residential address – This information will be used on the Form CR8 to comply with the Company Act which requires all directors to provide their residential address. You’ll need to provide LR number or house number, building name (if any), street name, town name, country.
    • Share Allocations – each director will need to be allocated at least 1 share. Remember that the total number of shares available for allocation is 1,000 shares. You can plan to allocate your 1,000 shares using percentages such as 60%/40%, 50%/50%. However, if you are just the sole director then you can have 100% share ownership.
    • Proof of Identity documents – you will need to provide the following documents for registration, without them your application will be rejected.
      • Copy of ID or Passport – you can scan or photocopy your identification document
      • Copy of KRA PIN certificate – all Kenyan directors/shareholders will need to provide KRA PIN, however, foreigners won’t need to provide one for the registration
      • Photos – must have a clear background and show all your facial features, just like a passport photo. Please avoid submitting photos that have someone wearing sunglasses, hats; this could cause your application to be rejected by the Registrar.

    Company Details:

    • Company Name Suggestions – you’ll need to come up with up to 2 company name that you would like to check its availability
    • Nature of business – with the new Company Act 2015, you can now do all trade of consultancy business without any restrictions.
    • Location of business premises – you will need to provide the location details of your office including LR Number or Plot Number, Building name (if any), Street name, Town name. If you don’t have a business premise yet, then you can provide your home address then make the changes later once you have secured business premises.

    Once you have provided the above information, your company documents will be prepared and each director will be required to sign the Memorandum & other documents as follows;

    Form CR1 – Application Form for Company Registration .Form CR2 – Memorandum .Form CR8 – Notice of Residential Address of Director(s) .Notice of Nominal Capital Share. Cessation Form (only applicable to applicants who are upgrading their business to a limited company)

    Certificate of Incorporation:

    Upon signing your documents, you will have to submit all the documents and forms to the Registrar of Companies and pay incorporation fee of 2800. When the registration is approved, you will receive the Certificate of Incorporation between 2- 3 weeks.

    The registration fee is Ksh 10,000.

    Post registration:

    1. After your company is registered, you can move forward to completing bank account opening. You can choose to open a corporate account with an internationally recognized bank such as HSBC, Standard Chartered, and Citibank, or with a local bank such as Bank of Africa, ABC Bank, Kenya Commercial Bank and National Bank of Kenya.
    2. Immediately after the bank account opening, you are required to deposit the proposed share capital of the registered Kenya company.
    3. Now you can commence business activities in Kenya with your new company

     

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Victor Keitany

    Related Posts

    How to Disable a Private Number 2022

    May 27, 2022

    How To Make Calls With A Private Number in Kenya

    May 27, 2022

    How To File Nil Returns Online 2022

    April 28, 2022

    Leave A Reply Cancel Reply

    Advertisement
    Don't Miss
    How To

    How to Disable a Private Number 2022

    By Victor KeitanyMay 27, 20220

    Many phone companies will let you disable caller ID on your line so your number…

    How To Make Calls With A Private Number in Kenya

    May 27, 2022

    TuneCore Partners with International Social Networking App, Ayoba

    May 26, 2022

    How To File Nil Returns Online 2022

    April 28, 2022

    Subscribe to Updates

    Get the latest ICT & Tech News from Robots. We also have a monthly publication. Subscribe!

    Our Picks

    How to Disable a Private Number 2022

    May 27, 2022

    How To Make Calls With A Private Number in Kenya

    May 27, 2022

    TuneCore Partners with International Social Networking App, Ayoba

    May 26, 2022

    How To File Nil Returns Online 2022

    April 28, 2022
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Robots Kenya – Tech News & Gadget Reviews
    Facebook Twitter Instagram
    • Home
    • About Us
    • Privacy Policy
    • Contact Us
    © 2022 Robots Tech News. Designed by Afritech Media.

    Type above and press Enter to search. Press Esc to cancel.