Frequent question: How much money do I need to start a business in Kenya?

How much does it cost to start a business in Kenya?

Kenya incorporation costs in Year 1 amount to US$8,750 and annual costs in Year 2 and thereafter amount to US$5,500. The average fee per Kenya engagement amounts to US$19,950 including company incorporation, company secretary, corporate bank account opening, VAT registration and estimated Government fees.

What business can I start with 20K in Kenya?

List of Businesses to Start with 20k

  • Selling second hand (Mtumba) Clothes. Many young people have resolved to sell this kind of clothes. …
  • Printing and Photocopying. …
  • Poultry farming. …
  • Selling Baby Diapers. …
  • Operating a Daycare/ school. …
  • Start a Car Wash. …
  • Start a Movie shop. …
  • Operating a Coffee Shop.

Which business can I start with 50k in Kenya?

Here are some great businesses that you can start with 50k in Kenya in the service industry.

  • Home Bakery business. …
  • Salon business. …
  • Fashion design business. …
  • Landscape architecture. …
  • Barbershop Business. …
  • Printing & Photocopy business. …
  • Photo Studio business. …
  • Car Wash Business.
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How much does it cost to create a company name?

Filing a trademark for your business name with the U.S. Patent and Trademark Office (USPTO) will cost between $225 and $600, plus legal fees. You can register with most states for $50-$150 if you don’t want protection outside your state.

How much does it cost to register a sole proprietorship company in Kenya?

You will be required to pay for the registration fees of Ksh. 850 on the website.

How can I make 3000 a day in Kenya?

21 Simple Ways To Make 3000 In A Day In Kenya

  1. Video showing best ways to make 3000 a day in Kenya.
  2. 1). Sell your stuff on Pigiame or Jiji.
  3. 2). Trading.
  4. GET FREE $10,000 TO YOUR DEMO ACCOUNT.
  5. 3). Food Delivery.
  6. 4). Website Flipping.
  7. 5). Selling Photos.
  8. 6). AirBNB.

How can I invest 10k in Kenya?

Here are the top 10 businesses to start with 10k in Kenya:

  1. Sell stock photos. …
  2. Drop shipping. …
  3. Sell outsourced services online. …
  4. Start an “outsourcing” agency. …
  5. Make organic soaps. …
  6. Create a course based no something you’re good at. …
  7. Gardening and landscaping. …
  8. Errand services.

How can I invest 50000 in Kenya?

Below are businesses to start with 50k in Kenya as your capital:

  1. Movie Shop. The huge demand of Tv shows create a great niche for setting up a movie shop for the locals in rural areas. …
  2. Hardware Store. …
  3. Mobile Money Agent. …
  4. Farming. …
  5. Milk Bar. …
  6. Car Wash. …
  7. Professional Cleaning Business. …
  8. Boda Boda Business.

What can I do with 100K in Kenya?

28 Business To Start With 100k In Kenya For More Profits

  • Wines And Spirits. …
  • Fashion House. …
  • Sacco Investment. …
  • Pallet Furniture. …
  • Start A Travel Agency. …
  • Start An Advertising Agency. …
  • Selling Niche And Trendy Products. …
  • Sell Bonsai Trees.
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How can I invest 100000 KSH?

How to Invest 100K in Kenya

  1. Invest in Money transfer business. …
  2. start a Daycare centre. …
  3. Invest in a Sacco. …
  4. Invest the 100K in Farming. …
  5. Start a Boda Boda business.
  6. Invest in commercial cleaning services. …
  7. Selling mitumba or second-hand clothes. …
  8. E-Commerce stores.

What business can I start with 30k in Kenya?

30 Business To Start With 30k In Kenya Or Less Now

  • Soap Making. …
  • Small Scale Poultry Farming. …
  • Selling Snacks, Fresh Juice and Soft Drinks. …
  • Selling of Second Hand Clothes (Mitumba) …
  • Setting Up an Agro Vet. …
  • Stationery Supply. …
  • Office Supply. …
  • Private Teaching.

How do I start a business in Kenya?

Required Documents 6 Natural persons Legal persons expand_more expand_less

  1. Signed company registration form -CR1. …
  2. Signed memorandum of a company with share capital-CR2. …
  3. Signed notice of registered address-CR8. …
  4. Signed statement of nominal capital. …
  5. PIN certificate. …
  6. Company PIN. …
  7. Certificate of incorporation.

How long does it take to register a business name in Kenya?

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

How do I register my company name?

Four major steps to register a company/ startup in India:

  1. Step 1: Acquire Digital Signature Certificate (DSC)
  2. Step 2: Acquire Director Identification Number (DIN)
  3. Step 3: Create an account on MCA portal- New user registration @ mca.gov.in.
  4. Step 4: Incorporate or Apply for the company to be registered.