Category: companies
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After the difficult hurdle of developing our business idea, you can convince a spouse, friend, relative, an investor or other type of business partner to invest in your idea based on trust. The classic “we will figure things out as we go.” The company is registered, shares are issued, roles are assumed, and operations begin.…
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Share transfers in Kenya are a critical part of managing company ownership and investment. Whether you’re bringing in a new investor, exiting the business, transferring shares to family, or restructuring your company, knowing how to transfer shares legally and efficiently is essential. Many business owners underestimate the importance of following due process—until they’re stuck trying…
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A Private Limited Company is the preferred business structure for many entrepreneurs starting or restructuring a business in Kenya. Investors and credit providers also prefer it. This guide includes everything you need to know about Private Limited Companies in Kenya. What Is a Private Limited Company? A Private Limited Company (abbreviated “LTD”) is a company…
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The appointment and removal of a company secretary is a corporate governance action with administrative and legal implications. The legal reforms made by the Companies Act, 2015 changed several legal requirements for companies, including the requirements for company secretaries. In this article, we break down everything you need to know about the appointment and removal…
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Kenya is a prime destination for foreign companies looking to expand into Africa. This strategic location is highly connected to the East African Community, the wider African continent, has a growing economy and a favourable business environment. This article is a guide for foreign companies looking to set up local operations in Kenya. It is…
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In Kenya, share capital reorganization is provided for under the Companies Act which provides clear guidelines on how businesses can restructure their share capital effectively and legally. Below, we simplify the key aspects of share capital reorganization for businesses and shareholders. What Is Share Capital Reorganization? Share capital reorganization refers to the process of altering…
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A foreigner can register a company in Kenya in various ways. Whether you are considering building a new business or expanding an existing business into Kenya, in this article we will discuss the various options available to you. Kenya’s economy is booming, it is a getaway to the vibrant East African market and offers a…
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Introduction In Kenya, directors’ duties and responsibilities are outlined in the Companies Act, which emphasizes their fiduciary responsibilities, duty of care, and accountability to shareholders. Directors steer the success of a company and are tasked with making strategic decisions, safeguarding the company’s assets, and ensuring compliance with legal and regulatory requirements. Understanding these duties is…
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There are two distinct types of companies available for registration in Kenya: Limited and Unlimited companies. The Companies Act provides the legislative framework for the incorporation, registration, operation, management and regulation of companies and the primary source of law on companies. While you may not be able to read through the extensive Act, members are…
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Introduction A company registered in Kenya can be deregistered. Deregistration involves the removal or striking off of the company’s name from the register of companies. Under the Companies Act, it is either the directors of the company or the Registrar of Companies that can initiate the deregistration process. Bear in mind that the deregistration of…