Kenya corporate bank accounts in opening 2024

Since 2016, OCL business associates helps multi-national Clients open multi-currency corporate bank accounts in Kenya for both local and overseas companies.

Without bank signatory travel, our team will project manage the multi-currency corporate bank account opening process, including preparing a quality business plan for our Client’s business and preparation of all the documents required for the bank account opening.

Requirements for Opening a Business Bank Account 

Almost all banks have the Same requirements for opening a business bank account. The business must be a registered business as either a Business Name (Sole Proprietorship), a Partnership or a Limited Company.

Is your business registered? If not, contact us we will help you with its registration.

 Below is a table showing the commonly required documents while opening a business bank account in Kenya;

Business Name (Sole Proprietorship)	Partnership	Limited Companies
Business Registration CertificateProprietor KRA PIN Proprietor National ID /passport	Business Registration Certificate Partnership Deed Partnership KRA PIN Partners National ID/passports Partners KRA PINs Partners’ Resolution To Open Bank Account	Certificate of Incorporation Company Current CR12Company KRA PIN Board Resolution to open Account Directors National IDs/passports for DirectorsKRA PINsCompany Articles and Memorandum of Association For Companies that Adopt Companies Act 2015:CR’s Documents

For any business that will have more than one signatory for a business name, partnership and limited company a resolution to open a bank account must be done. The resolution should be signed and stamped on the business letterhead.

Our corporate bank account opening services

With our thorough understanding of local laws and wide-ranging connections with banking partners, we offer personalized support to efficiently and effectively assist you in opening a corporate bank account. Our professional attorneys provide the following solutions:

Expert consultation

Our experienced team of lawyers will evaluate your business needs and provide guidance on the best banking options in Kenya, taking into account factors such as your industry, company structure, and growth goals.

Documentation preparation

We help with preparing all the necessary paperwork needed to open a corporate bank account, such as company incorporation papers, shareholder and director information, and identification proof.

Bank selection

We use our wide-ranging network of banking connections to assist you in finding the best banks that meet your needs. This ensures you have access to a diverse array of services.

Account structuring

We collaborate with you to determine the best account structure for your business, whether that means a single-currency account, a multi-currency account, or specific features like online banking.

Compliance and due diligence

Our team will help your company meet all the necessary rules and processes required by Kenya’s financial institutions. We will also make sure that your company follows the anti-money laundering (AML) and know-your-customer (KYC) regulations.

Liaison with the bank

We help facilitate communication between your company and the bank you choose, addressing any questions and providing extra information needed during the account opening process.

Smooth application process

Our lawyers will help you through every step of the application process, making sure all the required paperwork is filled out correctly and promptly to minimize the chance of delays or denials.

Ongoing support

After your business account has been opened, our team will still be available to help with any banking questions and to provide assistance with services like credit options and international transactions.

Tailored financial solutions

We know that every business has different financial needs. Our team will work with you to find the best banking solutions for your specific requirements, including trade finance, cash management, investment services, and customized financing options.

Tax planning and optimization

In Kenya, businesses can take advantage of appealing tax benefits, and our lawyers are knowledgeable about the country’s tax laws. We offer expert advice on tax planning and strategies to help you make the most of the benefits of having a corporate bank account in Kenya.

Why choose us

We are fully dedicated to providing excellent service. Here are the reasons why we stand out:

Expertise

Our team consists of legal experts who are very knowledgeable about Kenya’s banking regulations, which allows us to provide accurate and dependable guidance.

Tailored solutions

We understand that every business has unique needs, so our solutions are tailored to fit your specific requirements.

Efficiency

In business, it is important to be efficient with time. We make it a priority to open accounts quickly while still maintaining high quality.

Contact us today

You don’t have to be overwhelmed when opening a corporate bank account in Kenya. With our expertise and guidance, you can easily navigate the regulations. We are here to support you as you take this important step in establishing your business in Kenya. Get in touch with us today and let’s work together to find the best corporate banking solutions for you.

OCL business associates helps corporate and private clients seamlessly advance their businesses & interests in difficult-to-navigate markets in East Africa and across the region.