If you are thinking of entering the field of international trade in the African continent, you have probably thought of registering a company in the African continent. It is also an emerging market and a medium industrialized country, ahead of its East African peers. Kenya has held national elections in August 2022. A variety of new laws have been passed to handle business and increase revenue collection in the prevailing economic climate caused by the pandemic. Various amendment laws were passed that amended business and tax laws to allow virtual shareholder meetings, the use of electronic and digital signatures, and the introduction of new taxes such as digital services tax. Many entrepreneurs in Kenya seek to register business names because they want to be the sole decision maker in their business. The best recommended way to start and run an economic and business activity in Kenya is to establish a company. This company can be set up in Kenya or it can be registered in Iran and then registered in Kenya according to the laws of this country.
Reasons for company registration in Kenya
Kenya’s economy is market-based with few state-owned enterprises. Kenya is a middle-income country and plans to become a newly industrialized country by 2030. As of 2020, Kenya had the third largest economy in sub-Saharan Africa, behind Nigeria and South Africa. A significant portion of Kenya’s foreign financial flows are remittances from non-resident Kenyans operating in the United States, the Middle East, Europe and Asia. Kenya currently imports all of its crude oil requirements, with oil accounting for 20-25 percent of the national import bill.
Investment migration in Kenya
Work migration in Kenya
Educational migration in Kenya
Former name (Christian if any):
This list must also be approved by the government office responsible for commercial cooperation.
Steps to consider after registering a company in Kenya:
For more information, you can contact the legal unit of the Iran and Africa Business Club every day and consult with our experienced lawyers. You can also fill out our legal consultation request form and through that our consultants will check all your conditions and contact you to tell you the necessary solutions.