Karibu Kenya!
Usually, moving into a new country not only presents its challenges but doing business in that new country can be even more challenging. Fortunately, with the right experts in your corner, these challenges will seem like a walk in the park. For an immigrant looking to invest in our beautiful country, you will need a Class G work permit which is referred to as an Investor Immigration Permit in other jurisdictions.
In order to apply one must be a foreign national or a foreign company representative or a foreign national who is a shareholder of a local or foreign company registered in Kenya. One must then submit a duly filled application form to the Department of Immigration attached with a copy of the necessary documents which shall include Proof of funds using two Bank Statements with proof of USD 100, 000/= or the equivalent in any currency in a local Kenyan bank, tax compliance certificates, a copy of Registration Certificate of your company or Business, a Current CR12 certificate and further documents that shall be required in case of government contracts.
Once the application is tendered, one must then pay the following fees:
i. Application fees of Kshs. 10,000/= (non-refundable)
ii. Permit fee Kshs. 100, 000/= per year which can only be paid for a maximum of 2 years at once.
iii. Security Bond worth Kshs. 100, 000/= – of which the cost of the Bond will depend on your Bank or Insurance Company.
Once the application is approved, you shall be issued a two (2) year Investor permit and shall have the freedom to conduct business in Kenya, enter and exit the country without Visa requirements or fees, etc.
We provide end-to-end solutions for starting your business in Kenya. Contact us for all your immigration needs in Kenya.
Authors;
Zahra Nechesa – Partner
Nderitu Wang’ombe – Lawyer
