A foreign national wishing to register and own a company in Kenya may do so without a Kenyan director or shareholder. He or she can register a private limited company, branch foreign company or subsidiary of the foreign company.
However, there are certain sectors where Kenyan shareholding is required eg.
- Banking and financial Institutions.
- Betting Companies
- Recruitment companies
- Security Companies
- telecommunication sector
- mining sector
A foreigner having a private limited company in Kenya is required to have a work permit so that the bank can open a bank account for the company.
contact ocl business associates for more information if you are a foreigner wishing to operate a bank account for the company.