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How To Form a UK Limited Company
When starting a business, a large number of people go down the route of forming a limited company or, to give it its full title, a limited liability company.The alternative for someone starting up in business on their own is to trade as a sole-trader.
Get a desired registered office address for your business for prompt communication
Are you a small business owner in search for a prestigious registered office address?
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Associate your company with a Registered Office address and reap business benefits
It is mandatory (from legal perspective) for UK registered companies to use a registered UK address where the Government agencies can send official documents, such as statutory letters, court documents and so on. The registered office address will be recorded at Companies House.
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Registering A Business In Kenya
There are 10 easy steps to company registration in Kenya. You begin at the Companies Registry at Sheria House.
1. Name search: It goes without saying. You need a name. This part take two days and costs under $5.
2. Prepare Memorandum and Article of Association: These documents describe the objectives, rules, subscribers and authorised share capital of your company.
3. Pay Stamp Duty: The amount of money that you pay depends on your declared nominal capital. You begin by collecting four forms from the Kenya Revenue Authority at Times Towers. Two copies go to the Lands Registry, one is retained by you and the other by the bank.
4. Declaration of compliance: A commissioner of oath must sign this form on your behalf.
5. File Deeds at Registrars office: You then need to file your documents at Companies Registry.
This includes your memorandum and articles of association. There is a varied fee attached to this.
6. Register for a Personal Identity Number, VAT & PAYE: This takes a day to register at Times Tower and is free.
7. Register for NHIF: NHIF stands for National Hospital Insurance Fund. This is mandatory medical contribution for your employees.
Register at the NHIF building.
8. Register for NSSF: NSSF stands for National Social Security Fund. It is mandatory to contribute to your employees retirement fund. Registration is done at the NSSF building at the bottom of Valley Road.
9. Register for a Business Permit: This application is made to the City council. You will need office space prior to submitting this application.
10. Get your Company Seal. This is the last bit. You can get good quality company seals from Seal Honey Stationers in Nairobi.
This article is written by Maggie Nguyo. An Advocate of the High Court of Kenya, Holder of a Law Masters Degree in Banking and Finance from the London School of Economics, a Masters of Arts Degree in Gender Culture and Development from the University of Sunderland and the current editor of http://www.my-kenya-guide.com
Article Source: http://EzineArticles.com/?expert=Maggie_Nguyo
Registering a business link: UKregister.co.uk
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