How do I register a company group in Kenya?
- Name Search. The proposes company name has to be searched and reserved by the registrar of companies.
- Execution of forms CR1, CR2, CR8 and statement of Nominal capital. ...
- Application for registration. ...
- Registration and issuance of certificate of Incorporation.
- PIN application.
| Different Kenya entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | US$20,500 | View invoice PDF |
| PLC | US$19,950 | View invoice PDF |
| Branch of foreign company | US$16,250 | View invoice PDF |
| LLP | US$16,850 | View invoice PDF |
The registration fee for organization's whose nominal share capital ranges between Rs 10,00,000 to Rs 50,00,000 – Rs 2000. Rs. 200 will be added for every Rs. 10,000 or part thereof of nominal share capital.
- Step 1 : Organize yourselves in a group of at least 10 members.
- Step 2 : Draft the group's constitution. ...
- Step 3 : Hold meeting to Elect groups officials and to seeking registration. ...
- Step 4 : Registrations with the Ministry of Public Service, Youth and Gender Affairs. ...
- Step 5 : Payment of applicable fees.
- company registration form (Form CR1)
- application for reservation of a company name (Form CR14)
- memorandum of association.
- particulars of the directors and secretary (Form CR2and Form CR10)
According to Hon. Samuel Chepkong'a, Chairman – Justice & Legal Affairs Committee, you can now register a company as an individual as single director. You do not need to look for a partner to register the company. The current law inhibit one person to register a limited company.
A company certificate can be registered within three to five days afterward, depending on whether you have submitted your documents on time, and the workload of the registrar's office.
How many directors are required to register a limited company? A minimum of one director is required to register a company. There is no statutory limit to the number of directors a company appoints during or after incorporation, but there must always be at least one natural (human) company director.
The Kenyan government will take roughly 1 week to review all of the forms that you've sent in, make scans and copies, and register your business with the KRA. Once everything has been approved and your business is officially registered, the business certificate will be posted online in your eCitizen portal.
How much does it cost to add a director to a company?
Appointing a human person as a director
If you submit the form online, the appointment will be recorded and updated on the public register at Companies House within 24 hours of receipt. If you send it by post, it will take longer. There is no fee for appointing a new director.
Requirements to register a limited liability company
The objectives and business of the company must be provided. The registered principal address of the company. The share capital and shareholding formula among shareholders will be required. The particulars of a minimum of one director will be required.
- LLP Registration with EMI Option. The first step in starting any business is to incorporate a new business entity. ...
- Sell on Ecommerce Portals. ...
- Start providing Services. ...
- Compile a Great Business Plan. ...
- Government Schemes.
To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.
The Cost of Incorporation / Registration of Pvt Ltd Company would vary from INR 6,000/- to INR 30,000/- depending upon the No. of Directors, No. of members, authorized share capital and Professional fees. Professional fees may depend upon the complexity of the task.
The group must pay a non-refundable registration fee of Sh1,000 and Sh 30 each for membership cards. Every registered welfare group must provide the registrar with an annual returns fee of Sh100, or else it will be deemed as an offense and the group can be deregistered.
- REQUIREMENTS FOR THE REGISTRATION OF A SELF-HELP GROUP/COMMUNITY PROJECT.
- Pay Approved Registration fee of Ksh. 1, 000/=.
- i. Renew the Certificate Annually.
- NOTE: Failure to adhere to the above requirements will result to Non-registration/Deregistration.
A small fee of Ksh 1000 is needed to register the chama. Every year the registered chama must file its annual returns by paying Ksh 100 to the registrar.
Companies limited by shares need to issue a minimum of one share during the company formation process Companies with at least one shareholder must issue a minimum of a share per shareholder.
You can apply for business name reservation using your Safaricom registered mobile phone number. To apply via your Safaricom mobile dial *271# for name registration (click here to visit our Learning Centre to find out more).
How do I register a small business in Kenya?
- 3 Passport Photos.
- 2 copies of application for Name Reservation (CR14)
- 2 copies of Name Reservation letter.
- 4 copies of Identity Card.
- 2 copies of Business Permit Application Form.
- For Taxpayers registration.
- Companies Registry, Kenya Revenue Authority desk. Harambee Avenue.
A public company must have at least two directors. The New Act requires at least one director on the board of the company to be a natural person, although corporate directors are still permitted.
It is a form of a company where the compliance requirements are lesser than that of a private company. The Companies Act, 2013 provides that an individual can form a company with one single member and one director. The director and member can be the same person.
When registering a limited company in Kenya, the minimum nominal share capital is Ksh. 100,000 (1,000 shares).
- Register for VAT.
- Get a business bank account.
- Keep your bookkeeping up to date.
- Know what tax requirements you need to follow.
- Get your business online.
If another person incorporates the company and signs all related documents on behalf of any of the incorporators and initial directors, a power of attorney and certified ID copy of the person is required. If a name was reserved before filing of incorporation documents, a valid name reservation document is necessary.
The first way to check registration is by visiting the state's website and looking for their registry of businesses. Note that the entity name check should always occur in the state where the business was incorporated, not necessarily where it is currently active.
During application, the applicant will key in the name reservation number obtained earlier. Upon completion of the online application, the applicant ought to download the online forms - CR1, CR2, CR8 and the statement of nominal capital and have them signed then upload them in the ecitizen system.
Registration of companies and businesses in Kenya is nowadays done online through the ecitizen platform. We will use your Ecitizen account to register your new company so that you can also follow up on the progress of registering a company in Kenya.
Requirements to register a limited liability company
The objectives and business of the company must be provided. The registered principal address of the company. The share capital and shareholding formula among shareholders will be required. The particulars of a minimum of one director will be required.
What is CR1 form Kenya?
FORM CR1: APPLICATION TO REGISTER COMPANY LIMITED BY SHARES OR GUARANTEE OR IS UNLIMITED. (c) a company limited by guarantee. (d) an unlimited company (either public or private). (c) will adopt some of those model articles and has prepared its own articles of association to supplement or modify those model articles.
