How to Open Private Company
It is advisable ones to have two or three names before you start the registration process ,this is incase one fail you can try the other one.
If your company name is approved the registra retains' it for 30 days awaiting for payments to be made and completion the regstration process.
Requirements for registration of the Company
1. Fill company registration form CR1 .
2. Fill details of directors and shareholders and upload scanned copies of;
i. I.D. card/passport,
ii. KRA PIN certificate
iii. and recent coloured passport photograph.
Directors/shareholders have to be registered on the iTax platform.
3. Fill shareholding details.
4. Fill a notification of directors’ residential address – Form CR8.
5. Fill the statement of nominal capital.
Kindly note that you can now register a company with one person as both the shareholder and director.
During registration , you must have all documents scanned and ready for submission together with directors names, pin, addresses ,
physical addresses and the company nominal capital and directors shares as agreed upopn . The directors of the company may opt to adopt already prepared memoradum of association from kenyan government company act or prepare their own or both.
If approved the Certificate of Incorpporation is issued together with the CR12 .
At this stage the company has Registration Number and Date of Registration which are requirements for Company KRA pin Application.
KRA PIN APPLICATION
Company Pin tend to be different from individual KRA Pin , this is because the application has to be approved at KRA offices. The application can be done online , at huduma centers or at the KRA offices , and it take two to four days to get appproved depending on method used for application.
If the company gets its KRA pin the next step is to apply for company KRA Tax compliance.
KRA TAX Compliance
Company Tax compliance is abit tricky especially if the directors are non compliant with KRA , this again Requires all directors to have cleared with KRA and their tax compiance approved for The company compliance to be approved.
This means that directors have have cleared all debts e.g penalties and interests imposed for being none return filer.
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