If you are looking to expand your business to Kenya and are considering forming a US Limited Liability Company (LLC), there are a few things you should know. This article will outline the requirements and costs of forming a US LLC in Kenya.
Related: How to form an LLC in Kenya
Requirements for Forming a US LLC in Kenya
- Choose a name for your LLC: The name of your LLC should be unique and should not be similar to any existing company name in Kenya. You can check the availability of your desired name by searching the Companies Registry database.
- Appoint a local agent: You are required to appoint a local agent, who is a Kenyan resident, to represent your LLC in Kenya. This agent will be responsible for receiving legal documents on behalf of your LLC.
- File articles of organization: You will need to file articles of organization with the Companies Registry, which should include the name and address of your LLC, the name and address of your local agent, and the names and addresses of the members of your LLC.
- Obtain a business license: You will need to obtain a business license from the relevant authority in Kenya, such as the Ministry of Industry, Trade, and Cooperatives.
- Register for taxes: Register for taxes with the Kenya Revenue Authority, including VAT and income tax.
Cost of Forming a US LLC in Kenya
The cost of forming a US LLC in Kenya will depend on various factors, including the type of business you are establishing and the location of your business. Some of the costs you may incur include:
- Filing fees for articles of organization: These fees vary depending on the type of business you are establishing and the location of your business.
- Business license fees.
- Taxes: You will need to pay VAT and income tax on your business income. The rates for these taxes vary depending on the type of business you are establishing and the location of your business.
- Local agent fees: You may need to pay fees to your local agent for their services in representing your LLC in Kenya.
FAQ on forming a US LLC in Kenya