KENYA THRIVING BUSINESS OPPORTUNITIES
KENYA THRIVING BUSINESS OPPORTUNITIES INFO LINE: +393534501530
UNLOCKING BUSINESS OPPORTUNITIES IN KENYA: A THRIVING HUB IN EAST AFRICA
Kenya Thriving Business Opportunities. Kenya’s strategic positioning in East Africa has magnetized global investors for years. Since 2000, the country has prioritized private sector-driven economic growth, continuously refining its business landscape for both local and international enterprises.
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Article by Dr. Gustavo Scriffignano, Junior Partner of Bertaggia International Law Firm
VISION 2030: TRANSFORMING KENYA’S FUTURE
In 2007, the Kenyan Government unveiled “Vision 2030,” a visionary 23-year development plan aimed at propelling Kenya into a competitive, prosperous nation. With legal reforms and infrastructure enhancements, Kenya surged 80 positions in the Ease of Doing Business ranking since 2014, reaching the 56th global position in 2019.
KENYA’S REGIONAL AND GLOBAL CONNECTIONS
Kenya, a member of COMESA and signatory of AfCFTA, offers vital links for businesses within Africa and beyond.
WHY KENYA?
Large Consumer Base: With over 50.92 million people as of 2022, Kenya’s thriving economy offers lucrative opportunities, especially among the urban middle class.
Skilled Workforce: A youthful, educated workforce, with 75% under 35, contributes significantly to business success.
Cost Efficiency: The improved Ease of Doing Business environment reduces operational costs, enhancing profitability.
Strategic Location: Kenya, East Africa’s business and logistics hub, provides easy access to regional and global markets.
INVESTMENT INITIATIVES AND OPPORTUNITIES
Kenya’s Vision 2030 encourages foreign direct investments, supported by initiatives like Special Economic Zones (SEZs). Key sectors include Agriculture, Manufacturing, Financial Services, Real Estate, Tourism, Infrastructure, and Healthcare.
BUSINESS STRUCTURES IN KENYA
Foreign businesses can choose between subsidiaries and branches, each with unique registration processes and benefits.
OUR DECADES OF EXPERTISE IN KENYA
Our international business consultants have extensive experience in Kenya’s market, understanding its intricacies and presenting global businesses with unique opportunities.
IMPORTANT CONSIDERATIONS
Taxation: Different tax rates apply to foreign companies, with a higher corporate tax of 37.5% compared to local companies’ 30%.
Construction Business: Foreign construction companies share a portion of contract value with local firms.
Telecommunications: Foreign telecom companies must allocate shares to Kenyan individuals within three years of obtaining a license.
COSTS OF INCORPORATION
The incorporation cost varies based on the chosen business entity and its specific requirements.
GOVERNMENT ASSISTANCE FOR FOREIGN-OWNED BUSINESSES
The Kenya Special Economic Zones Authority offers enticing incentives for both domestic and foreign direct investments, fostering a conducive environment for business growth.
HOW WE CAN HELP
Navigating Kenya’s business landscape can be complex. Studio Legale Bertaggia offers professional assistance, simplifying the company registration process. Outsourcing to professionals can make the process hassle-free for you.
Kenya’s commitment to an enhanced business environment, coupled with its vibrant economy and strategic location, makes it an appealing choice for businesses seeking new opportunities in East Africa.
KENYA THRIVING BUSINESS OPPORTUNITIES INFO LINE: +393534501530
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