Starting a Business in Kenya ~ How to Start a Business in Nigeria, Kenya & Ghana

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July 17, 2012

Starting a Business in Kenya

Here's a quick guide if you are thinking of starting up a business in Kenya. It takes about 26-36 days to register your business and it cost about KES 16,500 to KES 17,500 or $196 to $210. Below is a detailed summary of the process and procedure plus the associated costs if you are to incorporate and register a new firm in this economy. Currently, Kenya ranks 109 among the countries rank by DoingBusiness.org.

Step	Procedure	Time to Complete	Associated Costs
1	State registration of legal entity, statistical, and tax registration with the Center for Public Registration	3 days	KES 100 per name reservation
2	Stamp the memorandum and articles and a statement of the nominal capital	5 days	1% of nominal capital + KES 2,020, stamp duty on Memorandum and Articles of Association
3	Pay stamp duty at bank	1 day	KES 100 bank commission
4	Declaration of compliance (Form 208) is signed before a Commissioner of Oaths /notary public	1 days	KES 200
5	File deed and details with the Registrar of Companies at the Attorney General's Chambers in Nairobi	7- 14 days	KES 6,436
6	Register with the Tax Department for a PIN and VAT online	1 - 2 days	no charge
7	Apply for a business permit	5 days	KES 5,000
8	Register with the National Social Security Fund (NSSF)	1 day	no charge
9	Register with the National Hospital Insurance Fund (NHIF)	1 day	no charge
10	Register for PAYE	1 day	no charge
11	Make a company seal after a certificate of incorporation has been issued	2 days	between KES 2,500 and KES 3,500