Kenya PLC

Setting up a Kenya public limited company requires a minimum of seven shareholders and two directors. Like an LLC, this entity must appoint a Kenyan shareholder holding at least 30% shares in the company to be incorporated; Other requirements are like those of a Public limited company, except that the company will also have to file its (audited) financial statements with the Kenya Companies Registry; A Kenya public company is mostly preferred by entrepreneurs or investors looking to list their company on the Nairobi Stock Exchange.
Kenya Public Limited Company Key Features

1. Setting up a Kenya public limited company requires a minimum of seven shareholders and two directors.
2. Like an LLC, this entity must appoint a Kenyan shareholder holding at least 30% shares in the company to be incorporated;
3. The company will also have to file its (audited) financial statements with the Kenya Companies Registry

Kenya Public Limited Company Legal Requirements

Kenya Public 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	3
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

• A company is a separate legal entity from   the shareholders and the directors. Accordingly, it has the power to own property in its own name, to sue and be sued in its own name and has perpetual successions,
• 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