[SIZE=4]Starting a company in Kenya has always been seen as a bit of a hustle and involving steps that are time consuming. This makes majority of entrepreneurs opt to go for partnership or sole-proprietorship type of business as these takes less time and less money and can change the model of registration while they have been in operation and understand the market. [/SIZE]
REGISTERING A BUSINESS
STEPS IN BUSINESS REGISTRATION
Reserve company name
Ksh 100 per name
3 days
STEPS IN BUSINESS REGISTRATION
Stamp memorandum and articles of association
Statement of nominal capital
1% of nominal capital + KES 2,020 for stamp duty
5 days
Pay stamp duty at a designated bank
Ksh 100
1 day
Sign the Declaration of Compliance
KES 200
1 day
Register with the Registrar of Companies at the Attorney General Chambers in Nairobi
KES 7,000
7-14 days
Register for taxes at the Kenya Revenue Authority
1 day
No fee
Make a company seal
2 days
ksh 2,500- 3500.