An overseas company wishing to conduct foreign company registration in Kenya by opening a branch office or how to register a subsidiary company in Kenya should deliver the following to the Registrar of Companies:
Requirements Regarding to Name and Appointment of a Local Representative
The New Companies Act 2015, has not been implemented because of the contentious issue of local shareholding requirement. According to the 2015 Act, a foreign company shall not conduct business in Kenya unless it is registered in Kenya, or has made an application for registration in Kenya but the application has not been finalized within the stipulated period. Conducting business, in this respect, is defined to include, but not limited to, offering debentures in Kenya or being a guarantor for debentures offered in Kenya. Thus, for a foreign company to offer a debenture in Kenya or even be a guarantor for a debenture offered in Kenya, the foreign company must be registered in Kenya. An application for registration as a foreign company in Kenya under the 2015 Act will be lodged with the Registrar of Companies.
The application will contain information to be prescribed published regulations and comply with the requirements with regard to the company’s name and the appointment of a local representative and be accompanied by the prescribed fee and the required documents.In the application for incorporated as a foreign company in Kenya, the company may specify the name under which it seeks to carry on business in Kenya. This may either be the name of the company under the law of the country or territory in which it is incorporated or an alternative name, other than its corporate name, which the company desires to be its corporate identity in Kenya.
The new law requires a Foreign limited liability companies require 30% Kenyan local shareholding and an office in Kenya.
Briantony International Consultants can help by offering nominee shareholder agreement where we hold the 30% shares in trust risk free at a reasonable fee.A foreign company is also required to appoint a local representative in Kenya who not only receives service of process but also ensures that the foreign company complies with the requirements of the law. The local representative is personally liable if a penalty is imposed on the company for a contravention or failure to comply with the Act, if the court hearing the matter is satisfied that the local representative should be so liable.
All these forms are requisite requirements for company registration in Kenya for foreigners 2016.
Briantony International Consultants upon a successful submission of the required documents for foreign company registration will facilitate the issuance of a “Certificate of Compliance” to the Company by the registrar of companies. We also offer PIN and VAT Registration services in Kenya. The whole Foreign company registration process in Kenya will take only 7 days if you use Briantony International Consultants services. We make Company registration in Kenya for foreigners a simple process and not complicated at all.
This process is also known as Formation of a foreign company in Kenya or incorporation of a foreign company in Kenya or Registration of multinational companies Kenya is not costly when using our services. We can also be able to obtain list of international companies in Kenya from registrar of companies Kenya.
To start the Company registration in Kenya for foreigners 2016 process , and how to register a subsidiary company in kenya. please click the get a quote button below