Large business setup in Kenya
Launching a corporation requires thorough planning and effort, especially when starting a large company. In Kenya, there are specific challenges and considerations to keep in mind. We will explore the benefits of establishing a large company in Kenya and how our specialized solutions can help ensure your success.
The process of setting up a large business
Establishing a big business in Kenya is similar to starting a small or medium-sized business, but because of its size and intricacy, it usually takes more time and resources to set up. The steps to set up a large business are as follows:
Choose a business name
The name of the business must be original and not currently being used. You can verify the availability of a name on the Kenya Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the triumph of your sizable company. Our expert guidance on Private Limited Company (Ltd.), Public Limited Company (PLC), Branch Office, Holding Company is available to assist you in selecting the most suitable option that fits your unique needs and long-term goals.
Set up legal address
A legal address is crucial when launching a business, as it acts as the primary point of contact for government agencies, legal authorities, and important business communications. Selecting a legal address that aligns with local regulations and fits your business needs is paramount.
Get the necessary paperwork ready
Our team of professionals will assist you in producing detailed and tailored documentation that aligns with your company’s structure and objectives. We ensure compliance with all legal regulations and will handle the filing procedures on your behalf.
Open a bank account
We will help you with the entire process of opening a bank account, making sure that your company follows all regulations and selecting a trustworthy financial institution for your account in Kenya.
Company registration
We take care of the registration process with authorities such as the Trade and Companies Register and tax authorities, taking away the administrative burden from you. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to successfully start a major business, it is crucial to keep precise financial records. Our team of accounting professionals is able to assist in setting up efficient accounting and bookkeeping procedures that adhere to the regulations in Kenya.
Large business examples
Large companies work in various industries and sectors, each having their own unique requirements. Here are a few examples of such companies:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Kenya
Kenya is an attractive location for establishing large businesses, providing numerous benefits.
Strategic location
Kenya offers opportunities for businesses seeking growth in an emerging market, with a prime position in East Africa and potential in agriculture, technology, and services. The country’s varied economy, booming tech sector, and government support for investment and entrepreneurship make it a favorable destination for companies looking to access its expanding market.
Favorable tax regime
Kenya has a uniform corporate income tax rate of 30%. Incentives are offered for investments in specific industries such as manufacturing and technology. Kenya’s location in East Africa and infrastructure development initiatives make it an attractive destination for businesses.
Banking
One of the benefits that Kenya’s banking sector offers is stability and accessibility, which provide a favorable environment for efficient financial services and investment opportunities in an expanding economy.
Our Large business setup solutions
We understand the value of your time and resources. That’s why we offer two convenient options to make the company formation process easier for you.
Business formation online
People can start and finalize the process of setting up a business from any location using Kenya’s online platform. The option to track progress, upload necessary paperwork, and access our services securely online guarantees a streamlined and hassle-free experience.
Business formation remotely
If you would like a more hands-off approach, we are able to manage all of the paperwork for you. Our team of experts will handle all of the necessary formalities, fill out the required forms, and communicate with the appropriate authorities on your behalf to ensure your peace of mind.
Contact us
Get in touch now to schedule a consultation and begin pursuing your business goals. Let’s start this journey together.