Skip to main content

How to Start a Limited Company in Kenya, 2021 - moving forward

A journey of a thousand miles starts with a single step. Many individuals would like to start their own companies in Kenya, but aren’t able to do so because they don’t know the procedure on where to begin.

Owning a Company is one of the few achievements an individual can accomplish in life. Companies are key employers of many Kenyans as compared to other facets of job creation. Employing other people to work for you means that you will have time to work less and earn more money.

An idea can be conceptualized into a startup, when one is conversant with the legal context to kickstart the registration process. First, ask yourself if your initiative is legitimate to operationalize in Kenya. Before starting a Company, seek to ascertain if it can offer solutions to people’s problems or improve their lives.

10 Commandments that Companies must obey to thrive

Even before thinking about establishing a company, there are certain rules that must be obeyed to succeed in the corporate world. Below are the rules that ought to be followed:

  1. Before establishing a Company, have a vision and not be driven by greed for money.

  2. Develop products or provide services which you believe there is demand. 

  3. Sell products and ideas that people like. Find what they love and incorporate in your products or services.

  4. Seek to help other individuals improve on their lives as they bring value to your company.

  5. Think big and start small and not vice versa.

  6. Have an “enter strategy” where you begin by winning and not an “exit strategy” where you win when you terminate your services.

  7. Ascent to the top to see the world and not climb mountains for the world to notice you.

  8. Don’t ask what to do but focus on helping others achieve from what you are doing.

  9. Find a team to work with and not a team to work for you.

  10. Measure your wealth by the quality of time spent and not the quantity of money you make.

How to register a Limited Company in Kenya

Usually Company registration in Kenya is done online or by physically visiting Sheria House.

  • Visit the eCitizen online portal to register. 

  • Fill the company registration form CR1 with the Company’s name and the location of its official business. 

  • Fill the details of all directors and shareholders including uploaded scanned copies ID card/ Passport, KRA PIN Certificate and their recent colored passport photograph.

  • In the CR8 form, fill in the notification of directors’ residential address.

  • Finally fill in the statement of the nominal capital.

Requirements for Company Registration

  • The Company Act 2015 stipulates that a Company must have at least 1 director who must be 18 years or above. 

  • Copy of National ID or Passport

  • Copy of the Kenya Revenue Authority (KRA) PIN Certificate.

  • At least Kshs.15000 registration fees.

The Company can be registered with one person acting both as a director and a shareholder. Upon completing all the requirements, the Company certificate can be downloaded from the internet or if the process was done manually it’s collected from Sheria House Company registration offices.



Comments

Popular posts from this blog

How Human Noise Kills Marine Species, as revealed by Scientists

Scientists have warned that the discord of noise made by humans is harming marine species .  A comprehensive assessment revealed that large noise from human activities was as harmful as pollution, overfishing and climate change .  The study that was conducted by the Journal Science exposed how marine animals can hear from far distances than they can see or smell. According to a report published in the Guardian, most of the marine life uses sound to catch prey as well as attracting a mating partner.  Prof Carlos Duarte of King Abdullah University in Saudi Arabia argued that: “Marine animal can only sea up to around 10 meters, smell up to around a hundred meters, but they can hear across the entire ocean basins.” The research concluded that sound “is very important in the marine ecosystems, and noise is pervasive, affecting animals at all levels .” The increasing cacophony in the marine habitat is interfering with how marine animals respond to various survival...

Carbon dioxide to Make Jet Fuel, Study Reveals

Photo Source: twitter.com Aircrafts release a lot of carbon dioxide in the atmosphere which contributes to climate change. A research that was conducted by Science News and reported on December, 22 2020 stated that there was a new iron-based catalyst that has been invented to convert carbon dioxide into jet fuel. It is only a matter of time that carbon dioxide pumped to the atmosphere by planes could be sucked and used to power the same. The air travel’s footprint in carbon emissions could be tremendously curtailed, if the carbon dioxide that is released is recycled to generate fuel. As per Science News reports, Air transport contributes to about 12 percent of the entire transportation carbon-related emissions. Unlike cars, aircrafts cannot carry bigger batteries which can be run on electricity generated from wind or solar panels. The current breakthrough in the conversion of carbon dioxide to fuel involves cheap ingredients such as iron and transformed through a single s...

Why World Tycoons Should Emulate Microsoft founder, Bill Gates, in the Battle against Climate Change

The silent biggest global pandemic is global warming. Global problem deserves global attention; and that is why world moguls and leaders should use their influence to initiate change that can positively impact the world. Microsoft founder Bill Gates has consistently advocated for environment conservation and has been a key personality in the battle against climate change . Gates keen focus has been to increasing access to clean electricity in remote parts of the world. As a key defender of the environment, he is quoted by the Guardian saying that: “The idea of adding new electricity capacity- you can’t just go build coal plants.” The Guardian reported that Gates likes using private jets because he can get affordable fuel for flight. He revealed that he has already footed the bill of carbon footprint to a group dubbed Climeworks , a firm that captures up direct air in Iceland. Gates pointed out that the future of vehicles travels lie with electric cars; but excluded the el...