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company registration fee in kenya
Table of Contents
Introduction
Company Registration Fees in Kenya 2.1. Fees Payable Upon Incorporation 2.2. Fees Payable After Incorporation
Conclusion
Introduction
This response will provide information on the company registration fees in Kenya, drawing from the Companies Act, 2015.
Company Registration Fees in Kenya
The Companies Act, 2015 outlines the fees payable for company registration in Kenya. These fees are categorized into two main groups: fees payable upon incorporation and fees payable after incorporation.
2.1. Fees Payable Upon Incorporation
The following fees are payable upon the incorporation of a company in Kenya:
Registration Fee: This fee is payable for the registration of the company with the Registrar of Companies. The fee is determined based on the company's authorized share capital.
For companies with an authorized share capital of up to Ksh 5,000,000: The registration fee is Ksh 1,000.
For companies with an authorized share capital exceeding Ksh 5,000,000: The registration fee is Ksh 1,000 plus Ksh 1 for every Ksh 1,000 or part thereof exceeding Ksh 5,000,000. (Section 100(1) of the Companies Act, 2015)
Name Reservation Fee: This fee is payable for the reservation of the company's name. The fee is Ksh 500. (Section 100(1) of the Companies Act, 2015)
Certificate of Incorporation Fee: This fee is payable for the issuance of the certificate of incorporation. The fee is Ksh 1,000. (Section 100(1) of the Companies Act, 2015)
Filing Fee: This fee is payable for the filing of the company's memorandum and articles of association. The fee is Ksh 1,000. (Section 100(1) of the Companies Act, 2015)
2.2. Fees Payable After Incorporation
The following fees are payable after the incorporation of a company in Kenya:
Annual Return Fee: This fee is payable annually for the filing of the company's annual return. The fee is Ksh 1,000. (Section 100(1) of the Companies Act, 2015)
Change of Name Fee: This fee is payable for the change of the company's name. The fee is Ksh 1,000. (Section 100(1) of the Companies Act, 2015)
Change of Registered Office Fee: This fee is payable for the change of the company's registered office. The fee is Ksh 1,000. (Section 100(1) of the Companies Act, 2015)
Increase of Authorized Share Capital Fee: This fee is payable for the increase of the company's authorized share capital. The fee is Ksh 1,000 plus Ksh 1 for every Ksh 1,000 or part thereof exceeding the original authorized share capital. (Section 100(1) of the Companies Act, 2015)
Reduction of Authorized Share Capital Fee: This fee is payable for the reduction of the company's authorized share capital. The fee is Ksh 1,000. (Section 100(1) of the Companies Act, 2015)
Filing Fee for Other Documents: This fee is payable for the filing of other documents, such as resolutions, agreements, and other documents required by the Companies Act, 2015. The fee is Ksh 1,000 per document. (Section 100(1) of the Companies Act, 2015)
Conclusion
The Companies Act, 2015 provides a comprehensive framework for company registration fees in Kenya. These fees are payable to the Registrar of Companies and are essential for the proper administration and regulation of companies in Kenya. It is important for companies to be aware of these fees and to ensure that they are paid on time to avoid penalties.
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