Kenya LLP

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