Investment Opportunities

Kenya welcomes investors and entrepreneurs and offers very competitive investment opportunities and a highly enabling environment. The Government guarantees investors' security for their investment and provides all necessary support towards the success of business communities. Kenya remains one of the ideal destinations for doing business due to its variety of opportunities and infrastructural benefit to investors. The country is strategically located, making it a gateway to eastern and central Africa region. The modern sea port of Mombasa serves the landlocked countries and boasts of super links to major sea ports in Europe, and other parts of the world.

Foreign investors based In Kenya have the advantage to penetrate East Africa Community and Common Market for East and Southern Africa (COMESA) markets due to the well established infrastructure and network Kenya provides

Why invest in Kenya
  • Kenya presents unique opportunities and cuts a competitive edge in the region as a special location for investments including East and central Africa regional hub in finance, communication and transportation sectors
  • Large pool of educated, skilled, enterprising and English speaking labor force
  • Well established and mature private sector
  • Fully liberalized economy (no exchange controls)
  • A wide range of suitable tax, trade and investment agreements
  • As a member of the multilateral investment Guarantee Agency (MIGA), International center for settlement of disputes (ICSID) and Africa Trade Insurance Agency (ATIA), investors are insured against non-commercial risk.
  • Business friendly regulatory reforms for improving the regulatory framework.
  • Relatively established social and physical infrastructure
  • Cordial hospitality and warmth of the people
Investment opportunities 
  • Agriculture and agro processing ((Agro processing, Livestock and fisheries, Leather and leather products, Horticulture, poultry products)
  • Horticulture
  • Infrastructure development
  • Finance, Banking and capital markets
  • Tourism (Film production, conference, cultural, cruise ship tourism, Eco-tourism construction of tourist hotels and game lodges, resort cities)
  • Manufacturing (textiles &apparels, electrical equipment...) 
  • Mining- exploration, and value addition through joint ventures
  • Livestock and fisheries
  • Information and technology
  • Business outsourcing
  • Energy sector -Geothermal & Alternatives sources-wind, solar, Bio fuel.
  • Building & construction
Investment Incentives
  • 100% investment allowance
  • Attractive depreciation allowances
  • Duty and VAT exemption on machinery, equipments and raw materials 
  • 10 year tax holiday
  • Single license
  • Exemption from stamp duty
  • Exemption for withholding tax
  • 25%corporate tax for 10 years after the first 10 years expire
Export Processing Zones

There are two Government  EPZ’s in Kenya, one in Athi River and another in Mombasa, however there are other private EPZ’s around the country.

Incentives
  • 10 year tax holiday
  • Duty and VAT exemption  
  • Single license
  • Exemption from stamp duty
  • Exemption for withholding tax
  • 25%corporate tax for 10 years after the first 10 years expire
  • 100% investment allowance
Guarantees to Investors 
  • Kenya Constitution guarantees against expropriation of private property except for purposes of public use or security
  • Removal of exchange controls guarantees repatriation of capital, profits and interests.
  • Member of the Multi-lateral Investment Guarantee Agency (MIGA)- that insures foreign investments against non-commercial risks
  • Kenya is a member of the International Centre for Settlement of Investment Disputes (ICSID) which arbitrates cases between foreign investors and host governments
  • The country is also a member of the Africa Trade Insurance Agency (ATIA) which insures investors against non-commercial risks
Doing business in Kenya
Steps
  • Fill the Investment Application Form.
  • Engage legal advice in Kenya.
  • Register Your business
  • Submit Application Form + Certificate of Incorporation + Articles and memorandum of association to KenInvest
  • Issue of The Investment License
Procedures for establishing a company in Kenya
  • The principal types of business enterprises in Kenya are:
  • Registered Companies (Private and Public)
  • Branch offices of companies registered outside Kenya
  • Partnerships
  • Sole Proprietorships
  • Co-operatives

 

Companies are registered as limited liability companies as in 1 and 2 above, and regulated by the Companies Act (Cap 486). Kenya's legal system is based on English law and practice. A wide range of legal services are locally available.

 

Company Registration

The initial step in forming a company is to register the proposed company name with the Registrar of Companies at the Attorney General's Chambers in Nairobi. The Memorandum and Articles of Association should be filed with the Registrar of Companies who, upon satisfaction, issues the Certificate of Incorporation.

Opening a branch office of an overseas company
 

An overseas company wishing to open a branch office in Kenya should deliver the following to the Registrar of Companies:

  • A certified copy of the Charter, Statutes or Memorandum and Articles of Association of the Company, or other instruments defining the constitution of the company;
  • A list of the directors and secretary of the company, giving full names, nationality and other directorships of companies in Kenya;
  • A statement of all existing charges entered into by the company affecting properties in Kenya;
  • Names and postal addresses of one or more persons resident in Kenya authorized to accept, on behalf of the company, service of notices required to be served on the company;
  • Full address of the registered or principal office of the company in its home country; and,
  • Full address of place of business in Kenya.

 

Both private and public companies may allot shares for considerations other than cash. Companies should inform the Registrar of Companies of such allotments and submit a written contract constituting the title of the allottee.

Work permits

The Government allows investors to have key expatriate staff in senior management positions or where locals with specific skills are not available. Work permits for such expatriates are issued by the Immigration Department and are valid for one to two years, renewable on application.