The process of registering a Limited company in Kenya will usually take a minimum of 7 days with all the proper documents provided.
The following steps and process will usually be taken into consideration when getting started.
Name Search & Reservation
The first step to registering a business in Kenya is conducting a business name search that will cost around Kes. 600 and in the event that it is available reserving it for registration. This should be done with regards to the law in writing and accompanied with the prescribed fee.
Fees is dependent on the nominal share capital of the company. The average cost is Kes. 35, 000.
Documents for incorporation of a company (i.e. memorandum and Articles of Association) should be drawn by a lawyer, who should submit the same to the Registry together with the prescribed forms and fees. These forms are obtainable at the Registry.
Applicants who are willing to register a Private company would need to fill in the following forms.
Form 203 – Particulars of Directors and Secretaries. Form 201 – Notice of situation of Registered Office. Form 208 – Declaration Of compliance. Statement of Nominal Share Capital form.
On the other hand, applicants who are willing to register a Private company would need to fill in the following forms.
Form 209 – Consent to act as Director of a company. Form 210 – List of persons who have consented to act as directors. Form 212 – Declaration that the provisions of sec. 111(2) b have been complied with Statement in lieu of prospectus.
All companies must appoint a qualified certified public secretary as company secretary to act as the manager of the private or public company.
A company seal is an official stamp for companies. You can buy this from many places such as Seal Honey. Also check classified website for sellers, some of whom will deliver directly to your place of business or home.