Numerous in Number and Tailored to Needs
Our Local Business Advisory Services have supported many brands. We have an impeccable track-record with respect to the numerous number of local entities and brands we have worked and grow with. We offer a variety of local business advisory services tailored to our client’s requirements. Please note there are general required documentations for specific procedures as highlighted below:
Limited companies are individual entities whose finances are entirely separate from the owners’ personal finances, and that the business is taxed separately. In Kenya, Limited Companies have their own KRA PINs and Tax Compliance Certificates. Kenya allows for single-directorship company structures.
Mac’Awuor & Associates will assist you to set up a limited company from scratch with proper documentation and strategic planning so that you can enjoy the following benefits:
- The business is deemed as a separate legal entity that can own property in its own right.
- It has its own KRA Pin, Tax Compliance, and tax litigation does not affect the owners or directors.
- The business will be able to survive even if the director dies or goes bankrupt.
- A limited company can usually undertake all businesses/activities because its scope is significantly broader than that of a business name.
- Being able to remain for the foreseeable future or operate as a going concern, the business it will have high degree of trustworthiness to partake in big contracts or tendering opportunities.
Requirements:
- Proposed Name
- Director(s) National IDs
- Director(s) Personal KRA PIN Certificates
- Postal and Physical Addresses for the Company
- Objectives of the Company
Deliverables:
- Certificate of Incorporation
- Memoirs
- CR12
- KRA PIN Certificate
- Tax Compliance Certificate application
- Duration – About 3 days
This is the most basic type of business one can own. It might take the shape of a partnership or a sole proprietorship. Unlike a limited company, a business name has NO LIMITED responsibility attached to it.
Describe briefly the benefits of a business name in today’s business environment.
Sole proprietorships and partnerships employ the individual proprietors’ pin while engaging in any business activity- this implies that if the business gets into any tax troubles with KRA, the individual(s) (the owner(s) will have their pin in problems).
Individuals have their names and other facts printed on the face of the certificate under Business Name, which may partially reveal the proprietor(s), especially when firms with big stakes are involved.
In cases of Death, bankruptcy or disagreement in amongst the partners, then the business stands closed.
Nonetheless, Business names are easier and cheaper to register.
Requirements:
- Proposed name
- Proprietor(s) national ID/s
- Proprietor(s) personal KRA pin certificates
- Postal and physical addresses for the company
- Objectives of the Company
Deliverable:
Certificate of Registration
A business name may take the form of:
- Sole proprietorship
- Partnership just as discussed above.
Therefore as discussed above about the Business names, many businessmen would opt to convert their business names to enjoy the several advantages that come with the Limited Liability companies
Requirements:
- Copy of the Business name certificate
- Directors Personal KRA pins
- Directors Copies Of ID
- Shareholding Proportions/Ratios
- Postal address- if different from what is displayed on the certificate
- Physical Address
NB: Its easier to add anybody as director or shareholder during conversion of business name to a company.
Deliverables:
- Certificate of Incorporation
- Memoirs
- CR12
- KRA PIN certificate
- Tax Compliance certificate application
- Duration -3 days
This is the process of appointing a new Director or the current directors exiting the company
Requirements:
- Updated annual returns at the Registrar
- All the current Directors ID numbers
- Postal address for the company
- Details of the desired changes to be made
- We will therefore prepare the necessary documentation, to be signed by the directors of the company, for the specific desired changes to be submitted and effected at the office of the registrar
Deliverables
- The documents used for the changes
- The new CR12
Requirements:
- Updated Annual Returns at Company Registry
- All the Current Directors’ Identity Card numbers
- Current/Updated Postal address for the company
Deliverable:
Current CR12
In Kenya, NCA regulations allow a contractor to register in one or more categories based on the type of construction work to be completed. The following are the registration requirements for NCA Kenya.
NCA classes run from 1-8 and each class can handle the amount of jobs as outlined below;
Each of the Classes has the following categories
- Roadworks
- Water Works
- Building Works
- Electrical Services
- Mechanical Services
General Requirements:
- Certificate of Incorporation/Business Name Registration Certificate
- CR12
- Tax Compliance
- KRA PIN
- Directors Credentials i.e. Copy of Identity Cards / Passports
- Any supporting documents for the previous jobs done(if any)
- Duration 4 days
The government is in the process of registering and pre-qualifying businesses owned by youth, women, and People with Disabilities so that they can compete for government contracts and tenders. Every year, billions of dollars are awarded through government tenders; this is a fantastic opportunity for youth, women, and people with disabilities.
It is thus advisable for the youth, women, and PLWD to register their enterprises for AGPO.
Required Documentation:
For you to qualify, you will need the following documents:
- Identity Card(s) scanned in original colour
- Business Registration Certificate/ Certificate of Incorporation scanned in original colour
- PIN/VAT Certificate.
- Valid Tax Compliance Certificate.
- Partnership Deed for Partnership Business.
- Current CR12 mandatory for Registered Companies.
- For Construction Category – Letter/Certificate from the National Construction Authority, Energy Regulatory Commission or any other Authorised Public Technical Body.
- Duration 3 days
- Registration of Association
- Registration of Trust
- Registration of Foundation
- Registration of Copyright and Trademarks
- Business Closure, Liquidation and Winding up procedures
- Replacing Lost Registration Certificates and Memoirs
- EPRA Services and Registration
- E-TIMS Services & Training
- Comprehensive Company Profile
- Business Plans and Proposals
- Tender response, filling and documentation
- Company Logos and Letterheads
- Receipt Books, Delivery Notes, Invoice Books