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Wednesday, 14 June 2017

Are you starting a foreign limited company in Kenya?





Are you starting a foreign limited company in Kenya?

1.      Get a KRA pin for your directors
When starting a Foreign Limited Company in Kenya you need to be aware that you are required to have Kenya Revenue Authority (KRA) PIN for at least two (2) company directors. If you do not have two Kenyan citizens as directors, then you will need to make sure that at least two of the non-resident directors apply for KRA PIN individually.   
The requirements needed for non-resident to apply for KRA PIN can be found below;
1.           Original Passport / Alien ID
2.           Introduction Letter from Employer/Lawyer (if any)
3.           Work Permit – can be applied through the Ministry of Immigration
Acknowledgement Receipt (from KRA)

2.       2. Get a KRA PIN for the company


KRA PIN is very crucial document that allows your company to 
·                  Open bank account, 
·                  Make tax returns, 
·                  Apply for government tenders,
·                  Tax compliance purposes and many others.  

3.       Register your business at the registrar of companies

ü  Business name search  – approx. 2 days- pay search fees
ü  Business registration- approx.  1 week – pay registration fees

4        4. Register your business details on itax
               Non Kenyan Residents/ non residents
Ø  Profession.
Ø Passport Details.
Ø Principal Physical Address.
Ø Country of origin.
Ø Principal Contact Details.
Ø Alternative Address
Ø Bank Accounts for tax refunds only
Ø Declaration of being apartner, director or trustee in any other entity and details of that entity
Ø Declaration of a relationship with any other taxpayer
Ø Type of bond e.g  legal representative
Ø Sources of income such as employment, rental, business or any other
Ø Your tax agent or intermediary



Muiruri jeff and associates can assist you in setting up your company at company registrars and Kenya revenue authority at an affordable charge.
Please
Visit us at embassy house 1st floor above Eatery restaurant
Call us on 0736244662
Web; muirurijeffandassociates.blogspot.co.ke 
 web.facebook.com/pg/muirurijeffandassociates2017

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