to start new business

15POSTS

10 years ago

Im 37yr old working haed person from india now I want to start new business in keniya
I think to start export of indian traditional聽 hand work dress matarial and all handicraft items聽 anyone can suggest me or help me to do that?

See also

Setting up a business in Kenya - Guide
Business consultants in Kenya - Business
Starting a business in Kenya - No $100.000 available - 19 Replies
Starting a business in Kenya - 29 Replies
Starting business in Nairobi - 6 Replies
open a business in Kenya - 9 Replies
How to start a business in Kenya - 4 Replies

Longonot62 Kenya Advisor

1521POSTS

10 years ago

Hi,

It is not a very straightforward process to start a business in Kenya.聽 In summary:聽 you will need a PIN from the Kenya Revenue Authority, after you have registered as an Alien, then you will be in a position to register your company, via a reputable lawyer (not sure of the fees for this).

To legally work within your company, you will need a Class G work permit.聽 I have pasted the requirements for this below:

Class G Requirements.

鈼ocumentary proof of capital to be invested/already invested minimum of 100,000 US dollars or equivalent in any other currency.
鈼egistration certificate of the company OR certificate of incorporation.
鈼opies of personal and company PIN (Personal Identification Number) if business is running.
鈼or renewals; audited accounts for previous 2 years and a certificate of tax compliance from the Kenya Revenue Authority.
鈼rocessing Fee Kshs.10,000 non-refundable.
鈼ee is Kshs. 100,000/= per year or part thereof.

If you do not apply for the work permit, your company may trade (if, for example you have a Kenyan partner), but you would not be legally permitted to do any activities within it, which could leave you open to being conned.聽 Being caught working without a permit may result in deportation and in my view is not a risk worth taking, particularly if you have invested heavily.