What is needed to start a business in Kenya?

How much money do you need to start a business in Kenya?

You can easily start with a capital of Ksh 5,000 if you want to do business on a small scale. But if you want to go bigger, then capital of Ksh 150,000 should be enough.

How do I start a business in Kenya?

1. Create an e-citizen account

  1. Create an e-citizen account. …
  2. Suggest five unique company name using e-citizen. …
  3. Apply and pay for the registration of the company. …
  4. Tax Requirements/kra registration. …
  5. Obtain a unified business permit. …
  6. National Hospital Insurance Fund. …
  7. Social security registration.

How much does a business permit cost in Kenya?

The cost for a business permit is around Ksh. 15,200 for those with five employees whereby Ksh. 200 is the application fee. The rates for a single business permit also depend on the size in square meters of your business.

What are the most successful small businesses?

Most profitable small businesses

  1. Auto repair. Taking a car to the shop for even simple repairs can be a challenge. …
  2. Food trucks. …
  3. Car wash services. …
  4. Electronics repair. …
  5. IT support. …
  6. Personal trainers. …
  7. Newborn and post-pregnancy services. …
  8. Enrichment activities for children.
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What business can you start with 20K?

Top Franchises Under 20k

  • Dream Vacations. If you’ve got a passion for travel, why not turn it into a lucrative business? …
  • Mosquito Minus. Another affordable franchise for under $20K is Mosquito Minus. …
  • Ambit Energy. …
  • America’s Tax Office. …
  • Java Dave’s Coffee. …
  • ClaimTek. …
  • Jazzercise. …
  • Maid Simple.

How long does business name registration take in Kenya?

A Business Name registration will take an average of 3 days to process.

How can I make money in Kenya without capital?

Business Ideas in Kenya that don’t Require Capital to Start

  1. Academic Writing. A good percentage of unemployed Kenyan youths are college and university graduates. …
  2. Become a Local Translator. …
  3. Litter Removal Business. …
  4. Travelling Salon. …
  5. Popup Beauty Stations. …
  6. Delivery Service. …
  7. Cleaning Services. …
  8. Gardening and Landscaping.

How much does a shopkeeper earn in Kenya?

Salary range for the majority of workers in Shop keepers – from Ksh13,370.76 to Ksh74,779.66 per month – 2021. Shopkeepers operate small retail shops either independently or with support from a small number of others.

Which business I can start with 5000?

Tuition – Starting personal home-based coaching is another small business idea that can be started with Rs. 5000. You should be very good at teaching to become successful in this business. Printer and Photocopy Business – You can start your own printer and photocopier business in Rs.

How much does a single business permit cost 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.

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How much does it cost to get a business permit in Nairobi?

The approximate cost to obtain a Business Permit in Nairobi is as follows: Application fee Ksh 200. Permit fee: for a small workshop of up to 5 employees -Ksh 15,000.

What are the requirements for business permit?

What you need

  • DTI Business Name Certificate or SEC Registration Certificate. …
  • Latest Community Tax Certificate (Cedula) …
  • Barangay Clearance. …
  • Location Clearance.
  • Certificate of Occupancy.
  • Building Permit.
  • Contract of Lease or Land Title Tax Declaration (whichever is applicable)
  • Picture or Sketch of the Site.