GOOD TIDINGS FROM ABROAD- What investors need to know about Investor Permits in Kenya

The Investor Permit, also known as the Class G permit, is granted to foreign individuals aiming to conduct business activities within Kenya. Specialised permits are available for those engaging in manufacturing, mining, and agricultural ventures in the country.

Eligibility for the Investor Permit hinges on showcasing a planned investment of at least USD 100,000 in Kenya, typically verified through bank statements or audited accounts reflecting this investment in a local Kenyan bank account.

Benefits of the Investor Permit:

• Granting permission to live and work in Kenya while managing your business.

• Eligibility to apply for a Kenya Revenue Authority tax registration and Personal Pin Number, essential for opening a bank account in Kenya.

STEP BY STEP GUIDE(OVERVIEW)

1. Company Registrations- Incorporating a company in Kenya and having it registred with the Kenya Revenue Authority and thereafter setting up a company bank account

2. Financial Planing-At this point most people ask what the cost implication of this would be, roughly they include:

The government application processing fee is approximately USD 110.

• Upon approval, the investor must pay a total government fee of USD 2000 for a 2-year permit.

• Additionally, a USD 1000 security bond fee is required, and the receipt must be presented to the Immigration Department.

• Legal fees to immigration lawyers but the amount is based on the advocates remuneration order and what parties agree.

3. Initiating the application for the Investor Permit through the Immigration Department. Procedure for Applying for an Investor Permit includes;

• Complete the Permit Application Form along with an employment report for the company acting as your investment entity in Kenya.

• Ensure all documents are in English or accompanied by authorized translations.

• Attach required documents, including proof of the intended investment, company incorporation certificate, memorandum and articles of association, company PIN certificate, passport copies, and other pertinent information requested by the Immigration Department.

5. Processing - The processing duration varies, typically spanning from 2 to 6 months, contingent on the processing officer and potential requests for additional documentation.

6. Post-Permit Activity. Once you have the investor permit you can then opt to apply for an alien card, serving as an identity card after obtaining the Investor Permit to confirm legal immigration status.

7. Renewal-Renew the permit before expiration (typically every 2 years) to sustain business operations and residence in Kenya.

• the information in this post does not constitute legal advice, kindly reach out to us or your legal representative for a personalised legal opinion and solution