5 Steps to Successful Company Registration in Kenya
5 Steps to Successful Company Registration in Kenya
Starting a business in Kenya is an exciting venture that offers numerous opportunities for growth and success. However, before you can dive into operations, it’s essential to legally register your company. Here are five crucial steps to guide you through the process:
Step 1: Choose and Reserve a Company Name
The first step in registering your company is selecting a unique and suitable name. Use the eCitizen portal to conduct a name search and pay a fee to reserve your preferred name. Ensure the name complies with the naming guidelines and includes the word “Limited” if registering a limited company.
Step 2: Prepare the Required Documents
Next, you’ll need to prepare several key documents, including:
Memorandum and Articles of Association (MAA): These documents outline the internal policies, rules, and objectives of your company.
Company Registration Forms: Forms such as CR1 (Reservation of Name), CR2 (Statement of Nominal Capital), CR8 (Notice of Consent to Act as Director), and CR14 (Particulars of Directors and Shareholders) are required.
Step 3: Submit the Application via eCitizen
Register your company online through the eCitizen portal. Create an account, upload the completed forms, pay the registration fees, and submit your application. The Business Registration Service (BRS) mandates online registration.
Step 4: Obtain the Certificate of Incorporation
Once your application is approved, you will receive a Certificate of Incorporation. This certificate officially recognizes your company as a legal entity in Kenya. It is a crucial document for opening a bank account and conducting business legally.
Step 5: Post-Registration Compliance
After obtaining your Certificate of Incorporation, ensure you comply with post-registration requirements, such as:
- Tax Registration: Register for a Personal Identification Number (PIN) with the Kenya Revenue Authority (KRA).
- Business Permits and Licenses: Obtain the necessary permits and licenses to operate legally.
- Opening a Bank Account: Open a corporate bank account to manage your business finances.
By following these steps, you can successfully register your company in Kenya and embark on your entrepreneurial journey with confidence.