How to Apply for Investment Permit in Kenya

Requirements for application of an Investor permit in Kenya

  1. Copy of certificate of incorporation / registration of the employer company or organization.
  2. Copy of the Memorandums or registration documents of the company or organization.
  3. PIN certificate of the Company / Organization.

Procedure

  • Fill out an application to obtain a Kenya Investment Authority (in triplicate). Make sure that all your answers are complete and accurate.
  • Submit the completed application to the Advisory Board along with a Letter of reference from the applicant’s Bank(s) in Kenya and overseas, Certificate of character (local and overseas) and a copy of the business plan to:
  • Secretary Investment Permit Advisory Board
  • Ministry of finance,and Industry and trade
  • Pay the applicable fee.

An applicant shall be entitled to an investment certificate if:-

a) the application is complete and satisfies the applicable requirements under this Act;
b) the amount to be invested by a foreign investor is at least five hundred thousand United States of America dollars or the equivalent in any currency;
c) the amount to be invested by a local investor is at least five million shillings or the equivalent in another currency; and
d) the investment and the activity related to the investment are lawful and beneficial to Kenya.

In determining whether an investment and the activity related to the investment are beneficial to Kenya for the purposes of subsection (I )(d), the Authority shall consider the extent to which the investment or activity will contribute to the conditions specified in paragraphs (a), (b) and (c), and any or all of the conditions specified in paragraphs (d), (e), (1) (g) and (h) –
a) creation of employment for Kenyans;
b) acquisition of new skills or technology for Kenyans;
c) contribution to tax revenues or other Government revenues;
d) a transfer of tchno1ogy to Kenya;
e) an increase in foreign exchange , either through exports or import substitution;
f) utilization of domestic raw materials, supplies and services;
g) adoption of value addition in the processing of local, natural and agricultural resources;
h) utilization, promotion, development and implementation of information and communication technology;

Note: Incomplete application forms will not be processed.Ads by Google

Required Documents

  • Application form signed by the investor/agent
  • Power of attorney, if application is made through an agent.
  • Photocopies of Memorandum and Articles of Association, or a similar document of the parent company (where the investment is to be made by a branch of a foreign business organization in Kenya)
  • Photocopies of the relevant passport pages of each shareholder, if the company is to be established in Kenya.
  • Clearance letter from the Ministry of Trade and Industry for the company name,
  • 3 recent passport-size photographs if the investor is an individual person
  • In the case of a joint investment with a domestic investor, a photocopy of the identity card or certificate evidencing domestic investor status

Office Locations & Contacts

Kenya Investment Authority (KIA)Contacts

P.O Box 55704, Nairobi, City Square, 00200, Kenya

Tel: + (254-20) – 221401/2-4, Fax: + (254-20)336663

Email: info@investmentkenya.com

Website:http://www.investmentkenya.comAds by Google

Eligibility

All foreign investor or a domestic investor who want to establish a business in Kenya.

Fees

The investment permit costs Kshs.10,000/=

Validity

Valid for a period of 1 year

  • The investment permit must be renewed annually until operations have started. An updated status report must be submitted every 6 months to the Agency.

Processing Time

10 hours inside the building, ready within a day.

Instructions

The office of Kenya Investment Authority (KIA) accepts application to obtain a trade license from 8:30 in the morning till 4:30 in the afternoon. .

Required Information

  • Name of the applicant
  • Intended Business Address
  • Mailing Address
  • Telephone number
  • Fax number
  • E-mail Address
  • Business Type
  • For corporations: names, nationalities, domicile of shareholders and percentage of Share Capital
  • Amount of Capital to be invested in the enterprise
  • Summary of business activities to be carried out
  • Number of individuals to be employed
  • Bankers Name and Address in Ethiopia or overseas .

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Need for the Document

This procedure is required for domestic investors and Diaspora investors /Foreigners. The government of Kenya established the Kenyan Investment Authority (KIA) which is a government agency established in 1986 to promote private investment, primarily foreign direct investment. The overall activities of the Agency is supervised and followed up by an Investment Board, which is chaired by the Minister of Industry. The KIA is headed by a director general who is also a member of the Board and two deputy director generals.

Kenya Investment Authority (Kenlnvest) is a statutory established by an Act of Parliament,the Investment Promotion Act, No.6 of 2004. Kenlnvest is charged with the responsibility of promoting and facilitating investments in Kenya.

Kenlvest facilitates investors wishing to set up investments in Kenya by helping with acquisition requisite Licenses,permits,incentives,and providing other after care services.

An investment permit is issued to an investor to establish a new enterprise or to expand or upgrade one that already exists. As per the Investment Act No.6 of 2004 (as amended), a foreign investor or a domestic investor who is eligible for and wants to get incentives, is required to obtain an investment permit to invest in Kenya.

An Investment permit can be obtained in one of the following ownership forms:

  • Sole proprietorship;
  • Business organization incorporated in Kenya or abroad;
  • Public enterprises; and
  • Cooperative societies.

About the Author

Sande Kennedy is the founder and Editor in Chief of SandeKennedy.com & Kenyans247.com He is a Kenyan-based Internetprenuer,blogger Political Activist & informer who has an interest in politics, governance, corporate-fraud and human-interest. Kindly drop me a note if you feel aggrieved on any matter that you would want to be highlighted  WhatsApp: +254791890826 Read More about me here