In Kenya, there are various types of companies that you can register depending on your business needs and objectives. Here are some common types of companies that you can register in Kenya:
- Sole Proprietorship: This is the simplest and most common form of business registration. It is owned and operated by a single individual. The owner has unlimited liability, meaning they are personally responsible for all debts and obligations of the business.
- Partnership: A partnership is a business owned and operated by two or more individuals. The partners contribute capital, share profits, and have joint liability for the business’s debts and obligations. There are two main types of partnerships in Kenya: general partnership and limited partnership.
- Limited Liability Company (LLC): An LLC is a separate legal entity from its owners. It provides limited liability protection to its shareholders, meaning their personal assets are generally not at risk for the company’s debts. An LLC requires a minimum of one shareholder and can have multiple shareholders.
- Public Limited Company (PLC): A PLC is a company that offers its shares to the public and may be listed on a stock exchange. It has more complex legal requirements and obligations compared to other types of companies. A PLC must have at least seven shareholders and is subject to stricter regulations and reporting requirements.
- Private Limited Company (Ltd): A private limited company is similar to an LLC but has restrictions on the transfer of shares. It is commonly used by small to medium-sized businesses in Kenya. It requires a minimum of one shareholder and can have a maximum of 50 shareholders.
- Branch Office: If you are a foreign company looking to establish a presence in Kenya, you can register a branch office. A branch office is an extension of the foreign company and is subject to certain reporting requirements.
- Non-Governmental Organization (NGO): NGOs are organizations that operate on a non-profit basis for the purpose of promoting social welfare, charitable activities, or development projects. They must be registered under the Non-Governmental Organizations Coordination Act.
It’s important to note that the specific requirements, procedures, and regulations for registering and operating each type of company may vary. It is advisable to consult with a legal or business professional or visit the relevant government agencies, such as the Registrar of Companies or the Kenya Revenue Authority, for detailed information and guidance based on your specific business needs.
Contact ocl business associates for company registration