Valsen Corporate

Kenya PLC

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