Monthly Archives: July 2014

Launch of SOMA awards 2014

I was excited to Emcee the launch of the OLXSOMA2014 awards this Tuesday at the Norfolk hotel, quite an evening it was!

Nendo’s Mark Kaigwa, Director Digital Communications in the Office of the President Dennis Itumbi, Dogital humanitarian Philip Ogolla and OLX’s Peter Ndiangui all took us through their experiences in the Social Media space as Ogolla challenged us to think about the digital footprint we shall create.

PS: if you’re single you’re doing something wrong. There’s a couple that met on OLX! Sell something

REGISTERING A COMPANY LTD IN KENYA

Starting a company in Kenya has always been seen as a bit of a hustle and involving steps that are time consuming. This makes majority of entrepreneurs opt to go for partnership or sole-proprietorship type of business as these takes less time and less money and can change the model of registration while they have been in operation and understand the market.

REGISTERING A BUSINESS

STEPS IN BUSINESS REGISTRATION
Reserve company name
Ksh 100 per name
3 days

STEPS IN BUSINESS REGISTRATION

Stamp memorandum and articles of association
Statement of nominal capital

1% of nominal capital + KES 2,020 for stamp duty
5 days

Pay stamp duty at a designated bank
Ksh 100
1 day

Sign the Declaration of Compliance
KES 200
1 day

Register with the Registrar of Companies at the Attorney General Chambers in Nairobi
KES 7,000
7-14 days

Register for taxes at the Kenya Revenue Authority
1 day
No fee

Make a company seal
2 days
ksh 2,500- 3500.