Private Limited Company in Kenya
The most frequent type of entity chosen by foreign investors to register a company in Kenya is the Private Limited Company. It can have many owners, and as a result, it is treated as a different legal entity from the company’s owners.
As a result, we refer to the corporation as a separate legal entity. It means that the corporation has several responsibilities. The responsibilities include but are not limited to, filing annual returns with the registrar of companies, having an independent audit of the accounts, and paying a 30 percent corporate tax on profits.
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Private Limited Company registration conditions
A private limited companies must have a minimum of two members and a maximum of 200. The Companies Act of 2013 mandates this as a legal necessity.
The permanent address of the company’s registered office must be recorded with the registrar of the company after it has been registered. The company’s registered office is where the majority of the company’s business is conducted, as well as where all of the company’s paperwork is kept.
Timeline
The Kenyan government will review all of the forms you’ve submitted, produce scans and copies, and register your firm with the KRA in about a week. The business certificate will be uploaded online in your eCitizen portal once everything has been authorized and your business has been formally registered.
Fees
It costs 107 dollars to register Private Limited Company. For our incorporation fees – contact us.
Compulsory regulation
A ‘Private Company’ is a limited liability corporation with at least two shareholders and two directors. A private company’s maximum membership is limited to 200 people. Persons, corporations, and limited liability partnerships (LLPs) can all be shareholders, but only individuals can become directors of a corporation. A company’s director does not have to be a shareholder, and shareholders do not have to be directors.
Documents
List of documents and details required:
- If the proposed name is a registered trademark, a copy of the registered trademark must be submitted.
- Board of Directors and Shareholders’ Names,
- A brief description of the prospective company’s purpose,
- Company’s Authorized and Subscribed Capital,
- Proposed company’s registered office address in Kenya,
- Shareholders’ and directors’ addresses, proof of identity, and pictures (duly notarized in case of foreign Individuals).
Consultation about Private Limited Company registration
Our consultation services for registering a Private Limited Company are tailored to assist you at every stage of setting up your business in Kenya. Our experienced consultants will help you with all aspects of the process, including preparing paperwork, obtaining permits and registrations, and providing advice on legal requirements, share capital, and corporate structure to help you make well-informed decisions in line with your business objectives.
Ownership management
Handling ownership of a Private Limited Company can be complex yet essential. Our services involve managing ownership changes, overseeing beneficial owners, and facilitating ownership transfers. We guarantee that all ownership modifications are accurately recorded and adhere to current regulations.
Corporate structure changes
As your company grows, your organizational structure may also need to evolve. If you require changes to your board of directors, updates to nominee details, or any other structural modifications, our services are designed to help facilitate these adjustments seamlessly and expediently.
Share capital management
Managing share capital is crucial for the financial well-being of your company. We provide assistance for boosting, cutting, offloading, and transferring share capital, guaranteeing that all dealings are conducted correctly and in compliance with legal standards.
Other legal forms in Kenya
In Kenya, international enterprises can choose from three different types of business structures. Each of these company structures has its own set of benefits and drawbacks, as well as different business scopes, registration processes, and minimum capital needed. In most circumstances, it will be determined by a company’s level of commitment to Kenya and the projected business activity.
You have the following alternatives when forming a corporation in Kenya:
- Public Limited Company,
- Branch Office,
- Holding Company.
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