Kenya LLC

There are several ways of doing business in Kenya, the most common being the setting up of a Kenyan limited liability company, locally known as a private limited company. The Kenyan authorities also introduced in 2012 the limited liability partnership, which is quickly becoming a popular alternative to the formation of a limited liability company in Kenya. Foreign companies can also register a branch in Kenya. However, local regulations do not provide for the registration of a representative office.

 

Kenya Private Limited Company Key Features

  1. A Kenya LLC requires a minimum of 2 shareholders, 1 of whom must be Kenyan by birth and two directors of any nationality and who can be living outside of Kenya;
  2. There is no minimum share capital requirement when setting up a company in Kenya.
  3. Foreigners wishing to relocate to Kenya by obtaining an entrepreneur visa are required to show that they have (or will) invest at least US$100,000 in the company;
  4. Register for tax with the Kenya Revenue Authority and
  5. Prepare financial statements, which must always be audited.

 

Kenya Private Limited Company Legal Requirements

Kenya Private Limited Company

Corporate Details

General

  • Registered Office in Kenya

Yes

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

Kenya Shilling

  • Permitted currencies

Any

Directors

  • Minimum number

1

  • Local required

No

  • Corporate directorship

Yes

  • Publicly accessible records

No

Shareholders

  • Minimum number

3

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

 

Kenya PLC Tax Treatment

Kenya corporate tax rate is 30%

 

Kenya PLC Duration for Set up

4 Weeks

 

Kenya PLC Distinctive Benefits

  • There is no minimum share capital requirement when setting up a company in Kenya.
  • Easier to attract funds and investment (investors can become shareholders),
  • Easier to sell the business or pass it on to others as it is a separate entity,
  • The shareholders’ liability for losses is limited to their share of ownership of the company.

 

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers