en
afsqam ar hy az eu be bn bs bg ca ceb ny zh-CN zh-TWco hr cs da nl en eo et tl fi fr fy gl ka de el gu ht ha haw iw hi hmn hu is ig id ga it ja jw kn kk km ko ku ky lo la lv lt lb mk mg ms ml mt mi mr mn my ne no ps fa pl pt pa ro ru sm gd sr st sn sd si sk sl so es su sw sv tg ta te th tr uk ur uz vi cy xh yi yo zu
Newsletter
Victor Mochere
No Result
View All Result
  • Wealth
    Top 10 richest green billionaires in the world

    Top 10 richest green billionaires in the world 2021

    Top 10 richest crypto billionaires in the world

    Top 10 richest crypto billionaires in the world 2021

    Top 10 richest musicians in Africa

    Top 10 richest musicians in Africa 2021

    Top 10 richest musicians in East Africa

    Top 10 richest musicians in East Africa 2021

    Akothee Net Worth

    Akothee Net Worth 2021

    Top 10 richest musicians in Kenya

    Top 10 richest musicians in Kenya 2021

    Top 10 richest musicians in Nigeria

    Top 10 richest musicians in Nigeria 2021

    Top 10 richest musicians in South Africa

    Top 10 richest musicians in South Africa 2021

    Top 10 richest musicians in Tanzania

    Top 10 richest musicians in Tanzania 2021

    Top 10 richest musicians in Ghana

    Top 10 richest musicians in Ghana 2021

  • Business
    How to safeguard your role as a company founder

    How to safeguard your role as a company founder

    Top 10 highest paid CEOs in Kenya

    Top 10 highest paid CEOs in Kenya 2021

    Best quotes from Warren Buffett

    Best quotes from Warren Buffett

    Top 10 largest ship-owning countries in the world

    Top 10 largest ship-owning countries in the world 2021

    Top 100 most valuable companies in Africa

    Top 100 most valuable companies in Africa 2021

    Top 20 most valuable companies in Southern Africa

    Top 20 most valuable companies in Southern Africa 2021

    Top 20 most valuable companies in North Africa

    Top 20 most valuable companies in North Africa 2021

    Top 20 most valuable companies in West Africa

    Top 20 most valuable companies in West Africa 2021

    Top 20 most valuable companies in East Africa

    Top 20 most valuable companies in East Africa 2021

    Top 10 most valuable companies in Kenya

    Top 10 most valuable companies in Kenya 2021

  • Education
    Best quotes from Friedrich Nietzsche

    Best quotes from Friedrich Nietzsche

    Effective strategies for academic writing

    Effective strategies for academic writing

    Best quotes from Adam Smith

    Best quotes from Adam Smith

    Top 10 best universities in the United States

    Top 10 best universities in the United States 2021

    Top 10 best universities in the United Kingdom

    Top 10 best universities in the United Kingdom 2021

    Top 20 hardest colleges to get into in the US

    Top 20 hardest colleges to get into in the US 2021

    Top 20 hardest universities to get into in the UK

    Top 20 hardest universities to get into in the UK 2021

    Best quotes from Marie Curie

    Best quotes from Marie Curie

    Best quotes from Galileo Galilei

    Best quotes from Galileo Galilei

    Top 10 most illiterate countries in Africa

    Top 10 most illiterate countries in Africa 2021

  • Travel
    How to prevent a catalytic converter from clogging

    How to prevent a catalytic converter from clogging

    Top 10 exotic dishes and restaurants in Dubai

    Top 10 exotic dishes and restaurants in Dubai 2021

    Things to consider when buying a car

    Things to consider when buying a car

    Things to consider when buying a travel camera

    Things to consider when buying a travel camera

    Top 10 car accessories that make your car fully loaded

    Top 10 car accessories that make your car fully loaded

    Nicaraguan passport Visa Free countries

    Nicaraguan passport Visa Free countries 2021

    Bolivian passport Visa Free countries

    Bolivian passport Visa Free countries 2021

    Moldovan passport Visa Free countries

    Moldovan passport Visa Free countries 2021

    Maldivan passport Visa Free countries

    Maldivan passport Visa Free countries 2021

    Georgian passport Visa Free countries

    Georgian passport Visa Free countries 2021

  • Technology
    3 digital technologies: How people learn

    3 digital technologies: How people learn

    Computer keyboard shortcuts you need to know

    Computer keyboard shortcuts you need to know

    What you need to know about Digital Service Tax in Kenya

    What you need to know about Digital Service Tax in Kenya

    Top 10 best website speed test tools

    Top 10 best website speed test tools 2021

    How to get verified on Triller

    How to get verified on Triller 2021

    Top 20 most liked tweets

    Top 20 most liked tweets 2021

    How to get your website included on Microsoft News

    How to get your website included on Microsoft News

    Top 10 best email apps

    Top 10 best email apps 2021

    How to tell if a laptop is new or used

    How to tell if a laptop is new or used

    How to tell if a laptop is new or refurbished

    How to tell if a laptop is new or refurbished

  • Living
    Best happy birthday wishes to yourself

    Best happy birthday wishes to yourself

    Best happy birthday quotes

    Best happy birthday quotes

    Best happy birthday wishes

    Best happy birthday wishes

    Best quotes from C. S. Lewis

    Best quotes from C. S. Lewis

    How to save money

    How to save money

    The process of a Muslim funeral

    The process of a Muslim funeral

    Essential herbs for building muscles

    Essential herbs for building muscles

    Factors affecting your YouTube revenue

    Factors affecting your YouTube revenue

    How to choose the right bank for your financial needs

    How to choose the right bank for your financial needs

    How to conceive a baby boy

    How to conceive a baby boy

  • Entertainment
    Best quotes from Adele

    Best quotes from Adele

    Best apps and games on App Store

    Best apps and games on App Store 2021

    Best apps and games on Google Play Store

    Best apps and games on Google Play Store 2021

    Top 20 best-selling singles of all time

    Top 20 best-selling singles of all time 2021

    Top 20 best-selling albums of all time

    Top 20 best-selling albums of all time 2021

    Top 20 best-selling music artists of all time by singles

    Top 20 best-selling music artists of all time by singles 2021

    Top 20 best-selling music artists of all time by albums

    Top 20 best-selling music artists of all time by albums 2021

    Top 20 best-selling music artists of all time

    Top 20 best-selling music artists of all time 2021

    Top 10 highest paid dead celebrities in the world

    Top 10 highest paid dead celebrities in the world 2021

    Top 10 most watched TV stations in Kenya

    Top 10 most watched TV stations in Kenya 2021

  • Governance
    Best quotes from Kamala Harris

    Best quotes from Kamala Harris

    Best quotes from Joe Biden

    Best quotes from Joe Biden

    Top 10 worst US presidents in history

    Top 10 worst US presidents in history 2021

    Top 10 best US presidents in history

    Top 10 best US presidents in history 2021

    Best quotes from Ronald Reagan

    Best quotes from Ronald Reagan

    Top 20 US presidents with the most electoral college votes

    Top 20 US presidents with the most electoral college votes 2021

    US presidential elections in which the winner lost the popular vote

    US presidential elections in which the winner lost the popular vote

    Top 20 US presidential candidates with the most popular votes

    Top 20 US presidential candidates with the most popular votes 2021

    Best quotes from Eleanor Roosevelt

    Best quotes from Eleanor Roosevelt

  • Sports
    Top 10 highest paid NBA players

    Top 10 highest paid NBA players 2021

    Best quotes from Lewis Hamilton

    Best quotes from Lewis Hamilton

    Top 10 greatest NBA players of all time

    Top 10 greatest NBA players of all time 2021

    Top 10 best NBA teams of all time

    Top 10 best NBA teams of all time 2021

    Best quotes from Diego Maradona

    Best quotes from Diego Maradona

    Top 10 countries with the most Olympic medals in Africa

    Top 10 countries with the most Olympic medals in Africa 2021

    Top 20 countries with the most Olympic medals

    Top 20 countries with the most Olympic medals 2021

    Top 10 most expensive football players in the world

    Top 10 most expensive football players in the world 2021

    Top 20 highest rated players in FIFA

    Top 20 highest rated players in FIFA 21

    Top 10 highest rated women players in FIFA

    Top 10 highest rated women players in FIFA 21

  • Life Hacks
    How to view a cached version of a website

    How to view a cached version of a website

    How to transfer WhatsApp chats to Telegram

    How to transfer WhatsApp chats to Telegram

    How to transfer WhatsApp chats to Signal

    How to transfer WhatsApp chats to Signal

    How to grow your YouTube channel quickly

    How to grow your YouTube channel quickly

    How to make money on YouTube

    How to make money on YouTube

    How to install WordPress on cPanel

    How to install WordPress on cPanel

    How to enable hotlink protection

    How to enable hotlink protection

    How to block an IP address on cPanel

    How to block an IP address on cPanel

    How to avoid a hangover

    How to avoid a hangover

    Top 20 countries with the most Nobel Prizes

    Top 20 countries with the most Nobel Prizes 2021

en
afsqam ar hy az eu be bn bs bg ca ceb ny zh-CN zh-TWco hr cs da nl en eo et tl fi fr fy gl ka de el gu ht ha haw iw hi hmn hu is ig id ga it ja jw kn kk km ko ku ky lo la lv lt lb mk mg ms ml mt mi mr mn my ne no ps fa pl pt pa ro ru sm gd sr st sn sd si sk sl so es su sw sv tg ta te th tr uk ur uz vi cy xh yi yo zu
Victor Mochere
No Result
View All Result
en
afsqam ar hy az eu be bn bs bg ca ceb ny zh-CN zh-TWco hr cs da nl en eo et tl fi fr fy gl ka de el gu ht ha haw iw hi hmn hu is ig id ga it ja jw kn kk km ko ku ky lo la lv lt lb mk mg ms ml mt mi mr mn my ne no ps fa pl pt pa ro ru sm gd sr st sn sd si sk sl so es su sw sv tg ta te th tr uk ur uz vi cy xh yi yo zu
Victor Mochere
No Result
View All Result

How to register a business in Kenya

Victor Mochere by Victor Mochere
in Life Hacks
Reading Time: 4min read
A A
0
How to register a business in Kenya

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services). Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner’s personal possessions.

 

A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner. To register a company instead, follow this procedure.

Contents

  • Types of business in Kenya
  • Requirements to register a business in Kenya
  • Prerequisites for business name search and reservation
  • Fees for registering a business in Kenya
  • Business registration in Kenya

Types of business in Kenya

Here are the types of businesses a person can register in Kenya.

  1. Sole proprietorship – also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. A sole trader does not necessarily work ‘alone’ – it is possible for the sole trader to employ other people. The sole trader receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor’s
  2. Partnership – is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract

Requirements to register a business in Kenya

Here are the requirements for one to register a business in Kenya.

  1. Scanned copy of ID card/passport
  2. Scanned copy of KRA PIN certificate
  3. Recent colored passport photographs of sole proprietor or partners

Prerequisites for business name search and reservation

The business name is the simplest business form under which one can operate a business. The business name is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. Before you perform a name search it is important to note the following;

  • Business with the word “Enterprises” at the end cannot use initials e.g J.K and Brian Enterprises
  • Names with the word “Foundation” must be registered as companies limited by guarantee
  • Names with “Groups”, “Projects” and “Holdings” must be limited, e.g Ahadi Group Limited
  • Names with “Universities” must be limited, e.g Ahadi university limited
  • Single words are not accepted, e.g Ahadi
  • Offensive or abusive words are not allowed either. Offensive words in vernacular (mother tongue) are not allowed either
  • Political names, e.g Nairobi Youth Alliance, are not allowed
  • Numerics are not allowed not unless it’s the current year
  • Names starting with the word “Kenya” are only reserved for the government
  • Names with “Church” and “Ministry” or “Ministries” are not allowed
  • Names with “Trust”, “Foundation”, “Programmes” are not allowed
  • The Registrar of Names does not register clubs
  • Names with “Relief” are not allowed
  • Names with “Welfare”, “Organization”, “Association”, are not allowed

Fees for registering a business in Kenya

To know how much you are required to pay in order to register a business in Kenya, check out this fee schedule.

Business registration in Kenya

Follow the procedure below to register a business in Kenya.

  1. Log in to your eCitizen account. If you don’t have an account already, click on the ‘Create an account’ button which will guide you on the simple process, once done, the system will send you an email verification. Click on the link shared to activate your account
  2. Once logged in, you will be able to see the various government agencies you can interact with on display
  3. Click on the ‘Business Registration Service’ button from the various options
  4. You will then be redirected to a page that will prompt you to make an application
  5. Click on ‘Make Application’
  6. You will then be prompted to select the type of company you want to register, click on ‘Apply Now’ under the ‘Business Name Registration’ option
  7. Fill the online form to search and reserve your business name, and upload the required documents
  8. Pay the stipulated fees and wait for feedback on your application

Tags: Companies
Previous Post

How to register a company in Kenya

Next Post

Top 20 richest designers in the world 2021

Victor Mochere

Victor Mochere

Victor Mochere is an award winning blogger, social media influencer, literati savant, altruistic, and a netpreneur creating and marketing digital content.

Related Posts

How to view a cached version of a website
Life Hacks

How to view a cached version of a website

by Victor Mochere
How to transfer WhatsApp chats to Telegram
Life Hacks

How to transfer WhatsApp chats to Telegram

by Victor Mochere
How to transfer WhatsApp chats to Signal
Life Hacks

How to transfer WhatsApp chats to Signal

by Victor Mochere
How to grow your YouTube channel quickly
Life Hacks

How to grow your YouTube channel quickly

by Victor Mochere
How to make money on YouTube
Life Hacks

How to make money on YouTube

by Victor Mochere
How to install WordPress on cPanel
Life Hacks

How to install WordPress on cPanel

by Victor Mochere
Next Post
Top 20 richest designers in the world

Top 20 richest designers in the world 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Comment Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending posts

  • Top 10 highest earning creators on OnlyFans

    Top 10 highest earning creators on OnlyFans 2021

    2 shares
    Share 0 Tweet 0
  • Top 20 richest singers in the world 2021

    0 shares
    Share 0 Tweet 0
  • Best sites to watch or download movies for free

    4 shares
    Share 4 Tweet 0
  • Top 10 best gay dating apps 2021

    1 shares
    Share 0 Tweet 0
  • Best quotes on respecting women

    1 shares
    Share 0 Tweet 0

Download our app

Google-play
Shopping-bag
Amazon

Newsletter

Subscribe to our newsletter and get the latest posts delivered to your inbox.

*We hate spam as you do.

Editorial policy

Permission to use quotation from any article is granted subject to full credit of the source being given by referencing the direct link of the article on Victor Mochere. However, reproducing any content on this site without explicit permission is strictly prohibited.

Report a correction or typo

We are committed to upholding our editorial standards, including accuracy. Our policy is to review each issue on a case by case basis, immediately upon becoming aware of a potential error or need for clarification, and to resolve it as quickly as possible. If you notice an error or typo that needs correction, please don’t hesitate to contact us for immediate action.

ABOUT US

Victor Mochere brings you a daily dose of well curated up to date facts, news, opinions and important updates from Kenya, Africa and around the World.

FOLLOW US

Facebook-f
Twitter
Instagram
Pinterest
Linkedin
Youtube
Telegram
Rss

FIND US ON

Newspaper
Flipboard

TOPICS

  • Business
  • Education
  • Entertainment
  • Flacked
  • Governance
  • Life Hacks
  • Living
  • Sports
  • Technology
  • Travel
  • Wealth

DOWNLOAD OUR APP

Google-play
Shopping-bag
Amazon

NEWSLETTER

Subscribe to our newsletter and get the latest posts delivered to your inbox.

*We hate spam as you do.

  • Advertise
  • Disclaimer
  • Copyright
  • DMCA
  • Cookies
  • Privacy Policy
  • Write For Us
  • Contact

Copyright © 2021 Victor Mochere. All rights reserved.

No Result
View All Result
  • Topics
    • Wealth
    • Business
    • Education
    • Travel
    • Technology
    • Living
    • Entertainment
    • Governance
    • Sports
    • Life Hacks
  • About
    • Victor Mochere Bio
  • Archives
  • CPA Notes
  • Digital Marketing
  • Social Media Policy
  • Sitemap

Copyright © 2021 Victor Mochere. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy and Cookie Policy.