Kenya LLC

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