Kenya Limited Partnership

Since 2012, it is also possible to register a limited liability partnership (LLP) in Kenya with only two corporate or individual partners, US$2 as the minimum capital contribution and a manager, who must be an individual allowed to work in Kenya (Kenya citizen or foreigner with a work permit); Unlike many other countries, all partners of a Kenya LLP can be limited partners, enjoying limited liability against the partnership’s losses;

 

Kenya Limited Liability Company Key Features

  1. It is also possible to register a limited liability partnership (LLP) in Kenya with only two corporate or individual partners,
  2. US$2 as the minimum capital contribution and
  3. A manager, who must be an individual allowed to work in Kenya (Kenya citizen or foreigner with a work permit);
  4. All partners of a Kenya LLP can be limited partners, enjoying limited liability against the partnership’s losses;
  5. It is also easy to convert an existing Kenya company into a limited partnership, by submitting an application to the Kenyan Companies Registrar along with the certificate of incorporation of the company.

 

Kenya Limited Liability Company Legal Requirements

Kenya Limited Liability Company

Corporate Details

General

  • Registered Office in Kenya

Yes

Share capital or equivalent

  • Standard currency

Kenya Shilling

  • Permitted currencies

Any

Directors

  • Minimum number

2

  • Local required

No

  • Corporate directorship

Yes

  • Publicly accessible records

No

Shareholders

  • Minimum number

2

  • 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 LLP Tax Treatment

Each partner will report their share of the profit on their personal tax return. The individual partners will pay income tax on their profit share.

 

Kenya LLP Duration for Set up

4 Weeks

 

Kenya LLP Distinctive Benefits

  • More credibility in the marketplace,
  • LLP is that it is a tax transparent entity, not subject to corporate income tax:
  • It is also easy to convert an existing Kenya company into a limited partnership
  • 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