BDO kenya offers a special website with resources about investment and doing business in Kenya. Featured information can be useful for everyone who wants to invest and want supporting information from BDO.
Kenya is the gateway to fast growing economies in the East Africa region. It is strategically located and have relatively good communication and road infrastructure coupled with a good business environment. The level of education is high and English is widely used together with Swahili.
As elsewhere in the world, prospective investors have to form a legal entity to start a new business. Choose a business name that is in conformity with the company’s area of activity and form of business which can be easily distinguished from competitors.
The Kenyan tax system comprises both direct and indirect form of taxes. These taxes comprise the bulk of Government revenue and include Income tax, Customs and Excise Duties and Value Added Tax (VAT) besides other miscellaneous taxes. The administration of these taxes falls under the responsibility of Kenyan Revenue Authority (KRA).
Employment matters can be challenging to achieve investment return as well as implementing Employment Equity.
Reporting is mainly based on the International Financial Reporting Standards (IFRS) making financial information fairly comparable acros countries. Financial reporting is mainly in English.
Intellectual property is covered by three laws and Kenya is a member of WIPO.
Prospective investors have a wide choice of both international banks and large kenyan banks which provide quality service across the country. Internet banking and e-money are widely used.
Private Equity offers interesting opportunities on a high Return On Investment (ROI). However the risks are extensive and are more pronounced in emerging markets. BDO can help with a proper 360 degree view for Private Equity and Venture Capital in Kenya.
Every investment is different. When you want more and personal advice, why not contact us directly?