The author's primary motivation is to economically enlighten young people. Indeed, the youth require a rapid and reliable company formation service and support. Hence, this article initially gives readers all the information they need to know about business/company registration in Kenya. However, the scope of this article is restricted to Kenyan limited liability company registration.

What conditions must be met in order to register a company in Kenya?

The requirements for registration of a company in Kenya are very basic. They include:

1. Proposed name of company.

What name would you give your business? Put a name on it. In order to reserve a name, you actually need to submit at least two names. This is done to make sure that no two or more businesses can have the same name. Therefore, the name must be as original as possible.

1. Nature of business and objectives of the company.

The nature of a business identifies the kind of enterprise it is and its overarching objectives. Also, an outlines a company's legal structure, sector, range of goods and services, as well as all of the activities that go into achieving its objectives is important, hence required. So we can say that nature of a company is an outline of the company's issue and the key components of its product offerings.

1. Proposed physical address of the company.

Where will your offices be located? That is the physical address.

1. Names of the Director(s) of the company.

Must be full names are captured in the national ID card or passport.

1. Names of the shareholders if different from the directors.

A shareholder is anyone who owns stock in a corporation—whether they are an individual, business, or institution—is a shareholder.

1. Contact information of the directors and shareholders

These must include: Email address, Telephone number, postal address and residential addresses.

1. Scans of Passport bio data and passport photo of directors and shareholders.

These are subjected to strict verification.

1. Nominal capital of the company

See definition below.

Other requirements include:

Division of shares between the shareholders of the company, and Class of shares issued by the company.

What documents do you require, and where can you obtain them?

For the registration of a limited liability business, the following paperwork is required:

1. Statement of Nominal capital.

What is a statement of Nominal capital?

The term is used to describe to the value of a company's shares as expressed in the specified or assigned share capital. The company’s memorandum and articles of association will always disclose the highest amount of money that may be invested in the company.

1. CR 8 - Notice of address of Director(s) of a company.
2. CR1 – This is basically the Company Registration form.
3. CR 2 – which is the Memorandum of a company with share capital
4. BOF-1 - Beneficial owner Form
5. Sample Articles of Association.

What is an article of association?

In essence, a company's bylaws describe its purpose and set forth the rules for how it must conduct its business.

Can I establish a company in Kenya with just me as the director?

Pursuant to the Companies Act, 2015, there can be a single director or shareholder of a company because the only requires a minimum of one.

What is the cost in Kenya of registering a Company?

The base price Kshs 10,650, however, it all depends on the nominal capital of the company. To know more about the charges, visit https://brs.go.ke/fees-companies-registry.php

HOW EXACTLY CAN WE HELP YOU?

At Saguom Legal Online (SALO), we can assist you throughout the entire process. Following the suggested company name's reservation, we create the statement of nominal capital, CR1, CR2, and CR8 company registration forms and submit them for registration.

When you register, we also assist you in getting your company or business online by providing you with the greatest website design and hosting, both of which you won't be able to get elsewhere with agreeable terms and conditions that will be in effect.

Moreover, we provide our clients a wide range of post registration services. Reach us through clerk@bensonsaguom.com

BRIEF OUTLINE OF THE PROCESS FOR REGISTERING A COMPANY IN KENYA

1. Name Search.

The registrar of companies must conduct a search and reserve the proposed company name. The name is then approved if it is found to be okay.

1. Effecting of forms CR1, CR2, CR8 and statement of Nominal capital.

The subscribers and/ or directors of the company then signs/ executes the company registration forms.

1. Application for registration.

Then the registration forms are sent to the Registrar for registration.

1. Registration

Upon registration you will be issued a certificate of Incorporation.

1. PIN application

You will be given a unique pin just like your KRA pin.

How long does it take to register a company in Kenya?

Depending on how quickly and accurately you prepare the necessary documentation, which must be sent to the Registrar of Companies for verification, the process of registering a company in Kenya typically takes one week.

We can swiftly expedite the registration procedure for you and have you ready to start trading within 5-10 working days after you give us the necessary information and payment.

For questions or to make an appointment kindly click  here to contact me send your queries.