Are you an expatriate seeking to do business in Kenya? Here, in today’s business guide we shall show you how to start a business in Kenya as a foreigner.
Kenya has many business opportunities that foreigners can venture into to earn much profit.
However, Kenya has many business opportunities that make foreign businesses thrive, and if you play by the right rules, your business will be a success.
The only challenge is finding capital, but as for foreigners, the capital is a mere cent.
Table of Contents
Factors To Consider Before Business In Kenya As A Foreigner
If you want to do business in Kenya as a foreigner, below are some basic things you must do:
1. Draw a business plan to ensure you know how the business will run and the expected costs
2. Go for training or get business assistance to run your business
3. Choose a suitable location where the market is stable.
4. Ensure your business meets all the legal requirements to run smoothly.
5. Ensure you have enough funds to establish the business
6. Register for taxes and get all your permits and licenses in place.
7. Understand employer responsibilities.
Requirements For A Successful Venture
To start a business in Kenya as a foreigner, the government requires one to have a permit from the Ministry of Immigration.
Tips To Starting A Business As A Foreigner In Kenya
To start a business in Kenya as a foreigner, here are some tips you can follow:
1. Register your business name or company name at the Huduma center at a fee of 100 shillings per name.
If it’s a partnership and has a higher budget, you can use a certified lawyer to handle everything for you.
After the process, you should get a certificate of incorporation, and with an extra fee of 2500 shillings, you get a company seal.
The lawyer can also help you get a tax pin certificate from KRA.
2. Ensure you have a City Council business permit to be able to carry out the business activity. The cost may vary per year depending on the business your venturing into.
3.If you are looking to venture into a health or food industry, one requires a food or health permit from a health inspector.
4. You should also have a fire safety certificate.
Best Places To Start An Enterprise In Kenya
Here are the cities you can do business in Kenya as a foreigner:
- Nairobi
- Mombasa
- Thika
- Narok
- Malaba
Which Business Can I Do As A Foreigner
Being a foreigner in Kenya, there are many business ideas that one can venture into.
Below are the kinds of businesses you can do in Kenya as a foreigner:
- Real Estate
- Child Care Center
- Vending Machine Business
- Restaurant Business
- Mobile car wash business
- Entertainment businesses
That is all we have for you on how to start a Business in Kenya as a foreigner.
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