Registering a company in Kenya is among the most critical things you must consider before starting any business. When your business is registered and recognized by the right people, you usually have a better chance of getting a lot out of it. In the current generation, however, the registration of companies has been made easier and better. Queues, for example, have decreased since they implemented online registration. Now that brings us to the question: can I register a company online in Kenya?
Yes. You can register a company online in Kenya. Usually, all you have to do is visit the E-Citzen Kenya portal, and you are good to go. The portal helps you, as a businessperson, register your business through an online procedure. With that type of registration, there are higher chances that a lot of time is saved through the entire process. So yes, you can easily conduct online registration, and you are good to go.
How to Register a Company Online in Kenya
To register a company online in Kenya, you have to follow the following procedures:
1. Open An eCitizen Account
You will be required to create an account and fill in the required details here. Some of the information that will be required of you will include your national ID, first name, contact details, and password. After you send in these details, you will have to verify your phone number.
2. Conduct a Name Search and Name Reservation
After opening an account, doing a name search comes next. Here, you will have to follow a simple procedure. First, you will be required to go to the “Business Registration Service” section and start the application; you will have to choose a company type, register the name of the business, and pay the application after describing the chosen name.
3. Fill out the Company Registration Forms
At this point, you will be required to fill in the company details on Form CR1, specify all the details of your management staff, and specify the duty payment.
After you have completed the duty payment, you must draft the articles of association, file the completed forms, and pay the registration fees.
After conducting all those procedures, you can now download your business registration certificate.
How Much Does It Cost to Register a Business in Kenya?
Registering a business in Kenya will cost between Ksh. 950 and Ksh. 25,000, depending on the type of business you are registering.
For instance, the cost of registering a business name will be lower compared to the cost of registering a limited liability partnership.
Can I Register a Company Alone in Kenya?
Yes. You can register a company alone in Kenya. A company must have at least one director or single shareholder, according to the new companies act. That means there can be a sole director and a sole shareholder in the given company. So, registering a company alone is allowed by law and has no bad effects.
Private limited company registration in Kenya can be easily done. You will only be required to provide a few legal documents, and you are good to go.
How Much Does It Cost To Register an Online Business in Kenya?
It costs Ksh. 10,000 to register an online business in Kenya. You will be required to complete the application and reservation of the name and make the necessary payments. The name search and reservation can easily be done at any Huduma center near you.
It is critical for a young person to understand how to register a company in Kenya. The knowledge will help you start a business and conduct the registration smoothly with fewer problems. That, in turn, will result in you running a very successful business. So, to be safer as a youth, it would be best to know how to register a company in Kenya.
How Long Does It Take to Register a Company in Kenya
It takes between 1 and 30 days for the registration to take place fully. The time range depends on the type of business that you need to establish. In addition, the time will vary depending on the type of registration required.
It would be best to find the How to Register a Limited Company in Kenya PDF. The pdf will have all the guidelines for the entire registration process. So, if you want to learn more about it, find the pdf and you’re good to go.
What Are the Requirements to Register a Company in Kenya?
The following are some of the requirements needed to register a company in Kenya:
1. Proof of identification
2. Passport photo
3. KRA PIN
4. Form CR2
5. Form CR1
6. Objectives of the business
7. Proposed company and business name
8. Name and email addresses of the directors
Can I Run a Company Without Registration?
Yes. You can run a company without registering it. However, that is only possible for a sole proprietorship. That means there is no registration with the government or the authority. However, it is very different in the case of a company. With a company, it would not be easy to run it without any registration.
It is, however, recommended that you register a business to have the benefits that come with it. If you are always interested in registering your business, then you should do it without hesitation.
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