The company registration process in Kenya before was the most difficult as it was long, very costly and monotonous. This provoked the government to disentangle the entire strategy of company registration. For probably the first time, the whole procedure presently costs less, should be possible in only three basic advances and can be done in the solace of one’s home.
Now an individual can carry out a name search and register their company name totally online on the eCitizen and no manual registration of any company can be done by the registrar of companies. This welcome development has fostered the process.
HOW TO REGISTER A COMPANY ONLINE IN KENYA
For business name reservation, it is made on the citizen platform. Log in, tap on the Business Registration Service then click on make application. This will lead you to another page where you have to tap the Business Name Registration. The following stage will be to choose the sort of business you might want to enlist and in addition your own preferred name. For example, if it’s sole proprietorship you need to apply for, pick that option, if it’s a private Limited organization, and select that alternative.
The Name searches are handled within 24 hours, and just a single name can be submitted at once. This process is done day by day from Monday to Friday between 8 am to 5 pm, amid this procedure; you need the accompanying data of the company you are registering as it will be required to fill the business name registration.
The contents of the information’s should be
• Business name suggestions,
• Nature of the business,
• Plot number or the land ref no,
• Name of the road,
• Name of town,
• Postal address of nationality,
• Full names,
• Your age and residence address.
Furthermore, you will be required to submit two recent colored photographs with a copy of your KRA PIN certificate to register your company entirely online in Kenya. The moment your submission is approved, your preferred business name will be held for a period of 30 days. Amid this time you can pay and register your business name. In the event that you get a reject, at that point it implies that the name you chose has just been utilized or is in opposition to the public policy; subsequently, you should resubmit utilizing an alternate name. The whole procedure of name look cost sh 150. This is the initial step to register a company in Kenya.
HOW TO REGISTER A COMPANY ONLINE IN KENYA – NAME REGISTRATION
For business name registration, when your business name reservation application is deemed successful, an email is sent to you affirming reservation and accessibility of the business name. Utilizing the accompanying process, you can register a company name. The subsequent stage you require is to go back to the eCitizen and select the business registration. Click on the add business button and embed your affirmed business name to look for it. After you get it, select the name and tap on the subsequent button. You will be required to pick your role and pay for registration. Download the receipt with the statement of particulars, sign and return it to the eCitizen.
Wait to get a submission notice. The next stage in the process is to download and print your certificate of registration. In conclusion, present the report to the Registrar of Companies office of a close-by Huduma Center for confirmation.
COST OF REGISTERING A COMPANY IN KENYA
The associated cost of full company registration begins with
The name search will cost you Ksh. 150
The company registration will cost you Ksh. 10,650
For partnership and Sole proprietorship, the cost is Ksh. 1,000