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| the process of business registartion might be tiresome but very important. |
Ever thought of starting a business
but don’t know how to go about the entire process? This is one quest that has
for a long time been bothering a number of people and especially entrepreneurs.
I
have therefore consolidated the entire process here to see to it that you are
good to go I have simplified this process outlining the requirements. I have as
well indicated all the documents necessary through registration. Some of the stages
may take slightly longer than projected
here in.
Step 1.
State registration
Running a business is a legal entity, statistical, and tax registration. This step is done at the Center for Public Registration and will roughly take 3days.
Running a business is a legal entity, statistical, and tax registration. This step is done at the Center for Public Registration and will roughly take 3days.
Step 2. Nominal
Capital Statement
your Memorandum and articles of Association need to be stamped and verified. You will also need a statement of the nominal capital. This process will take upto 5 days.
your Memorandum and articles of Association need to be stamped and verified. You will also need a statement of the nominal capital. This process will take upto 5 days.
Step 3.
Stamp Duty Payment
this payment is made at the bank under the account number provided. Pay stamp duty at bank
this payment is made at the bank under the account number provided. Pay stamp duty at bank
Step 4. Declaration of compliance
This is also referred to as the Form 208 and is signed before a Commissioner of Oaths . this process will take one day. (If all goes well)
This is also referred to as the Form 208 and is signed before a Commissioner of Oaths . this process will take one day. (If all goes well)
Step 5.
Registrar of Companies
At this step, you will need to file the deed and details with the Registrar of Companies at the Attorney General’s Chambers in Nairobi. This is the most tiresome process as it calls for back and forth visits to the AG chambers. It take up-to roughly 10 -20 days for you to pass through.
At this step, you will need to file the deed and details with the Registrar of Companies at the Attorney General’s Chambers in Nairobi. This is the most tiresome process as it calls for back and forth visits to the AG chambers. It take up-to roughly 10 -20 days for you to pass through.
6. Tax
Registration
Register with the Tax Department for a PIN and VAT online and get your certificate. The process is shorter depending on your internet signal.
Register with the Tax Department for a PIN and VAT online and get your certificate. The process is shorter depending on your internet signal.
7. Business
Permit Application
Apply for a business permit – This is with the local Authority.
Duration: 5 days but lots of follow up is required.
Apply for a business permit – This is with the local Authority.
Duration: 5 days but lots of follow up is required.
8. NSSF
Registration
You need to register with the National Social Security Fund (NSSF) at NSSF Centers in your Locality. This is a legal mandate therefore entrepreneurs that are yet to register need to fulfill this. It only takes one day.
You need to register with the National Social Security Fund (NSSF) at NSSF Centers in your Locality. This is a legal mandate therefore entrepreneurs that are yet to register need to fulfill this. It only takes one day.
9. Register
with the National Hospital Insurance Fund (NHIF)
This can be done at any of the NHIF offices in your area.
This can be done at any of the NHIF offices in your area.
10.
Register for PAYE
Duration: 1 day
Duration: 1 day
11. Company
Seal
Making a company seal after a Certificate of Incorporation has been issued.
Duration: 2 days
Making a company seal after a Certificate of Incorporation has been issued.
Duration: 2 days
Note:
Should you need any assistance
on the process, I can be of help as I seek to provide such solutions to you.
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