A "Private Limited Company" is limited to 50 members and prohibits invitations to the public to subscribe for shares of the company. How To Register 1. Log into your e-citizen account 2. Select business registration service – Private Limited Company 3. Apply for reservation of the company name – Submit three (3) names (You will receive a confirmation of the approved name within 24 hours). 4. Fill in the primary business of the company. 5. Upload the Articles of Association or adopt the model A…

Understanding Beneficial Ownership? Section 93A of the Companies Act introduced mandatory beneficial ownership registers for private companies. The Companies (Beneficial Ownership Information) Regulations of 2020 were promulgated to bring this provision into effect. A beneficial owner (‘BO) is a person who owns or controls an entity. Only a natural person can be a BO. Under Regulation 3(2), a BO is one who meets either of the following requirements: 1. Shareholding: holds at least 10% of the c…

Chapter 3 of the Constitution provides that a person can acquire Kenyan citizenship by birth, or by registration. 1. By Birth Article 14 of the Constitution provides that a person acquires citizenship by birth if: i. One or both parents are a Kenyan citizen at the time of birth, whether or not the person is born within Kenya; or ii. They are a child below the age of 8 years found in Kenya and whose nationality and parents are unknown. NB: A child whose parents are foreigners and is born in Kenya…

Anant Bhatt LLP would like to congratulate our Managing Partner, Kamal Anantroy Bhatt on attaining his Insolvency Practitioners license, on 30th August 2021, under the provisions of the Insolvency Act, 2015. It is an incredible feat as there are only 22 practitioners in Kenya, with Mr. Kamal Bhatt being the only one hailing from the coast. The firm and all its employees would like to extend its best wishes to Mr. Bhatt for this incredible achievement as we realize the significance of this achiev…

Preamble The Commissioner General (CG) of the Kenya Revenue Authority (KRA) has published Legal Notice No. 194 prescribing new specific rates of excise duty for various excisable products. The publication of the Legal Notice by the CG is in accordance with the provision of Section 10 of the Excise Duty Act, 2015 which gives the CG powers to adjust the specific rates of excise duty taking into account inflation. The CG has adjusted upwards the excise duty rates of certain specific products to ta…