To register a new company in Kenya, the following steps need to be followed:
- Choose a unique name for your company and check its availability by searching the Registrar of Companies database.
- Draft the Memorandum and Articles of Association (MAA) that outlines the company’s objectives, share capital structure, and governance rules.
- Obtain a Tax Identification Number (TIN) from the Kenya Revenue Authority (KRA).
- Submit the MAA, TIN, and the name availability certificate to the Registrar of Companies for approval.
- Once approved, pay the registration fee and obtain a certificate of incorporation.
- Register for Value Added Tax (VAT) with KRA.
- Register for social security with the National Social Security Fund (NSSF).
- Open a company bank account.
- Register for business permits and licenses required for the specific business activities.