Question: How much is a business license in Kenya?

At the registrar of companies offices you will be given Form BN/2 Statement of Particulars Registration to fill and complete. Submit the competed application form and pay the prescribed application fees of Ksh 850. After verification of details you will issued with a business registration certificate.

How much does a business permit cost in Kenya?

How much do business permits cost? Using Nairobi County business permit rates, a single company permit for a company with up to 5 employees costs Ksh. 15,000. The amount is paid at the cash office within the county headquarters.

How much is a local business license?

Licenses may cost anywhere from $50 to hundreds of dollars depending on your business and location. Additionally, if the license you need has an expiration date, you’ll have to pay any associated costs to renew when your license expires.

How much is shop license in Kenya?

Counties Section

Type of Business Name of License Fees (KES)
Mega Store, Hypermarket Single Business Permit 90,000
Large Trader, Shop, Retail Store or Personal Service Single Business Permit 8,000
Medium Trader, Shop or Retail Service Single Business Permit 4,000
Small Trader, Shop or Retail Service Single Business Permit 2,000
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How much does mpesa business permit cost?

The cost for a business permit is around Ksh. 15,200 for those with five employees whereby Ksh. 200 is the application fee.

How long does it take to get a business permit?

The city government will handle all the necessary clearances and payments with the barangay and the BFP. This should cut down the processing time of business permits and licenses to just 1-2 days, from today’s average period of 5-10 days. The cost of the permits and licenses will remain the same.

Do I need a local business license?

Every state (as well as some counties and cities) require you to have at least one type of business license if you plan to conduct business there. … If you plan to run a business out of your home, you likely will need at least one basic business permit or license, such as a sales tax permit.

Is an LLC and a business license the same thing?

A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.

Where do I go to get a business license?

The steps to getting your license usually involve: Go online or call your city or county office that deals with business licenses to learn the process. Fill out a form with your business information. Pay a fee, usually between $50 and a few hundred dollars.

How much is a small business license in Kenya?

At the registrar of companies offices you will be given Form BN/2 Statement of Particulars Registration to fill and complete. Submit the competed application form and pay the prescribed application fees of Ksh 850. After verification of details you will issued with a business registration certificate.

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What is needed to start a business in Kenya?

Legal Requirements For Starting A Business In Kenya

  1. 1.) Business Name or Company Registration. …
  2. 2.) City Council Business Permit. …
  3. 3.) Food/ Health Related Permits. …
  4. 4.) Fire Safety Certificate. …
  5. New Regulations.

Can a foreigner start a business in Kenya?

Generally, Kenya requires that foreigners wanting to own, or run a business in Kenya to obtain a work permit from the Ministry of Immigration. The type of permit applied for will depend on whether the foreigner will be an owner of the business or simply an employee (to be elaborated further below).

How much is required to start an mpesa?

Step 1: What You Need to Get Started

A minimum investment for an MPESA outlet is Ksh. 100,000 float. You’ll need to provide Safaricom with business permits for each of the MPESA outlets, VAT & tax certificates, ID’s, banking license from a reputable financial institution and police clearance certificates.

How do I get a Kenyan business permit?

METHODS OF OBTAINING THE BUSINESS PERMIT IN KENYA

  1. Copy of the business permit application form.
  2. Copy of the certificate of incorporation.
  3. Copy of the identification card.
  4. Copy of the company pin certificate.
  5. An approved business permit application form.
  6. A payment permit invoice.
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