COMPANY REGISTRATION IN KENYA

ADVANTAGES OF COMPANY REGISTRATION IN KENYA

Kenya, officially known as the Republic of Kenya is surrounded by Uganda, Tanzania, South Sudan and Ethiopia. It is considered to be one of the fastest growing nations in the Sub- Saharan region. The major source of Kenya’s GDP consists of Agriculture, Manufacturing, Transport and Storage, Financial Services, Construction and Real Estate. The government of Kenya is investing a huge amount in developing the infrastructure and is always encouraging foreign investment. The economic perspective also looks robust in the coming years. Kenya has signed Double Taxation Avoidance Agreement with India, Zambia, UK, Sweden, Norway, Denmark, Germany, and Canada.

• Kenya is considered as Africa’s hub for Financial, Communication & Transportation services.

• The government has executed many regulatory reforms to ease the process of investment.

• The foreign direct investment is growing rapidly.

• It offers a tax holiday for a period of 10 years in Export processing zone for companies which manufacture goods only for exports. Further tax is levied at a rate of 25% for the next 10 years

• It provides subsidies to industries for importing raw materials.

• It has the most developed stock market in the Eastern and Central African region.

• It consists of skilled and enterprising labour force.

• It guarantees repatriation of Capital, Profits and Interests.