Fenesi.com Start, Run and Grow Your Business In Kenya
Welcome to Fenesi guide to starting your very own business.
In this guide, I will help you with three core objectives;
- Showcase the right reasons why you need to start a successful business
- Guide you through the process of setting up a company, and
- Give you action steps to take to deliver real results to kick off your entrepreneurship journey
I recommend you bookmark this page as it will take some time to work through it all.
I’d appreciate it if you click the Like, Tweet and Google+ buttons to share this guide with your friends and followers.
Okay, are you ready to get started? Good, let’s begin…
Step #1 – Getting Started
Before even thinking of starting a business, there are several things you need to consider. You need to know or find your purpose. Ask yourself, why do I want to start a business?
Entrepreneurs journey all begins with an idea. You need to have an idea first before starting a business. In most cases, it is ideal for your business idea to be related to your passion. Your idea should look at a problem, provide a solution and find a market. Here are some of the articles that can help you with business ideas;
Step #2: Getting Registered
There are many different business entity to choose from based on how you want to start your business. Here are some of the business structures you can setup;
I) Sole Proprietorship
Usually most business start with a single person. Start as a sole proprietor is cheaper and easier to set up. This legal structure for a business gives more control to the entrepreneur over decision making in all different parts of the business.
It can be upgraded at any-time to Limited company once registered. Here are some few articles that I think can help you understand more about Sole Proprietorship.
- Sole Proprietorship Explained
- How To Register A Sole Proprietor
- Register A Foreign Sole Proprietor Business
- How To Fill A BN2 Form For Sole Proprietor
- How To Submit BN2 Form For Sole Proprietor
- Pick Your Business Registration Certificate
- Upgrade Your Sole Proprietor To Partnership
- Upgrade Your Sole Proprietor To Limited Company
II) Partnership
A partnership business is usually cheaper to setup and more easier for a group of people thinking of starting a business. You need to have a minimum of 2 people and a maximum of 20 people to form a Partnership Business in Kenya.
To help you get more insight on Partnership, I have written some articles that can guide you in registering your Partnership Business.
- Partnership Explained
- How To Register A Partnership
- Register A Foreign Partnership Business
- Upgrade Partnership To Limited Company
III) Limited Company
Limited Company is by far the best business legal structure to operate with when running any business. The reason is because the liabilities are limited to the business assets and you can enjoy some tax benefits that sole proprietor business don’t.
You need to have a minimum of 1 director and up-to a maximum of 7 directors, however you can add more shareholders in the company. I have prepared some articles that will help you register your limited company in Kenya.
- Limited Company Explained
- Register Limited Company In Kenya
- Register Foreign Limited Company In Kenya
- Increase Nominal Shares In Limited Company
- Upgrade Your Sole Proprietor To Limited Company
- Upgrade Your Partnership To Limited Company
Nice onr.hi am Edungs G Mottori in Nairobi.i would like to start a construction company which does buildings and constructions of houses premises and stall.how can i make it succesful?pleae help
Hi l’m Ascah based in Nandi cann’t it make to register as sole propriater and supply clean water to companies if possible how do i start l’ll really appreciate
Very nice article. Suppose i need investors for my startup, where can i easily find them?
hi my name is Denis and I’ve an online idea of creating an art gallery, I would like to know the best way to go about it because though I can easily get the products it is difficult to find clients, I also want to register it as a company and I will be glad even to have able partners to work with. Please reply thanks.
Great work this page actually is an eye openner
My question how big is a big money I shud have before starting a business?
Hi Fenesi, I am an ambitious and determined young Kenyan in a bid to start a cleaning services company locally. I have for a long time been held back by capital incentives since i have been paying for my college fees. I kindly need your assistance or any one else in this. I am determined to start it come January, 2017..Please assist me in any way possible. Thank you
Hi Fenesi, I am an ambitious and determined young Kenyan in a bid to start a cleaning services company locally. I have for a long time been held back by capital incentives since i have been paying for my college fees. I kindly need your assistance or any one else in this. I am determined to start it come January, 2017..Please assist me in any way possible. Thank you
Hello am much grateful to this platform. i believe you can help me understand the advantages bestowed to a youth Company…
Hello and grateful to this platform.. I still don’t understand the special advantages associated with a Youth Company or Could you briefly tell me about it …i have plans to start an Agricultural General Engineering Co. in the near Future and a marketing company.
Hi. I wish to start my LLC company at Mombasa Kenya. I haves stated to by some machinery.BT I’m stuck now.I wanted to start by producing all farm products. I managed to buy good farm, high pressure water pump. I’m strandedn now i need help
Hallo Livingstone,
Please contact me, i might assist you
Regards
Livingstone, I have sent you an email. Please check and respond.
How much capital do I need to establish a limited company in Kenya for cleaning services, in residential homes, institutions, and offices?
Please help with advice how we can get started,
Gigeon, Do you mean capital for the business operations or do you mean nominal share capital?
hello my name is bryan and am asking what if i want to start an online business/website like an ecommerce what are the steps i should take can it be registered as a sole proprietor or even a partnership ….i have a business partner and we can only afford to register an enterprise …and how much does it cost to register an enterprise in Kenya. Thank you for reading through my message.
Hi Enock,
Great work you are doing. Kudos!
What is the meaning of a holding company as compared to a group company?
Can i get your email address Andrew
iam kindly want to hear from you
Hello Mark, what was your question? We will be happy to answer you.
Hello.
i have a great cleaning services business plan but i don’t know where to start.Any help please.
please give me some contacts to reach you.we talk business
Hi.
I am part of an organization based in Canada but have business interests in East Africa. We are currently looking to fund entrepreneurs with new solid tested ideas. We offer mentorship and funds as well as marketing of the product, anyone with a great idea can contact me through my email address.
Hello Andrew,
I represent YouLead Africa, a peer to peer deal flow management platform and we bring together investors and entrepreneurs.
You can sign up for an investor account at our website and you will have a range of ideas to fund.
Feel free to contact me at [email protected]
Regards
i am about to lauch a soft drink in east africa whic i intedn to ahve it as a rival to cocacola. any help will be appreciated
Am an entrepreneur who is almost finishing my degree program at Moi University based in Eldoret .I am rich in creative and innovative ideas viable of investment opportunities, kindly help me , i wll higly appreciate.
hi Andrew I’mDennis i have a business idea but luck capital will be glad if you contact
I’ve been having passion in starting a general supply company. When starting this company, does the general qualify me to supply everything or I need to state what i will be supplying and if I need to be specific please I need your guidance on which supply company is the best. I am stayinh in Nairobi and aged 22yrd
Hello Odhiambo, thanks for your comment. If you register a limited company, you can list as many business activities on general supplies that you want to do. This will be put on the Memorandum & Article of Association. I would recommend that you go with limited company as it will help you handle all your general supply needs.
Kindly share your email id
Good evening,the tent hiring out business has been on mind for so long.How do I go about it.Guide me through the process I will appreciate.
Erastus, are you looking to register a sole proprietor, partnership or limited company for your tent business?
Hi
I run a Singapore based company in import and export and would like to set up a small business in nairobi, dealing with building safety netting, pre-cut marbles and digital publications and mobile phones
Please link us to a agency to start this business with a physical office in the business district and plan to employ a couple of reliable local sales assistant with english speaking background
Please get back to me asap and I will furnish you my email privately
thank you
Please send your email request to [email protected] and we will be happy to help you.
Could I get your e-mail address? I have tried using the contact page here but for some reason my mail/message cannot be delivered. Or give me a better way of sending you my mail privately…..
You can send email to [email protected] and we will be able to assist you.
I am interested in funding to start-up some big time business idea. Do you fund? venture capital? Florence
Florence, we currently don’t fund business. But probably in the future.
What’s the difference between lite and premium in registering a limited company other than the price?
Secondly, i would prefer registering a group of companies for instance lions group limited,then have a company in that doing something, when i get capital to start another company it would be in the same group, is it in the same bracket?
Thirdly, am your client by next week, so please answer me in detail. Thanks
Hello Japheth, what’s your email address so we can send you more details there. Thanks
Need info on same subject,could you nail it to me?
What’s your email address?
I would prefer registering a group of companies for instance lions group limited,then have a company in that doing something, when i get capital to start another company it would be in the same group, is it in the same bracket?
I am your client from now, so please answer me in detail. I shared some inform in the Company registration form.
Thanks
I need more information of the same. Unfortunately I have not managed to send my e-mail on your contact page
Hi Fenesi,
I will glad to get same info. I sent you my separate email on October 31 but I can see it is still awaiting moderation. Thanks for the great work.
Does the chairman of a Ltd Company registered in Kenya must live in the country? Or Will it be possible to hire an Administrator?
Not entirely. The Chairman of Limited Company doesn’t have to live in Kenya however it will be advisable to have a Kenyan as part of the shareholding in order to help in processing Kenya Revenue Authority Personal Identification Number (PIN) for the company. This will enable you to open a bank account and make tax returns for your business.
sorry , i mean Partnership