Healy Consultants predicts new business friendly laws will lure foreign investors to Kenya

The change in Kenyan business laws is going to transform the business environment of the country via foreign investments.
By: Healy Consultants
 
Sept. 16, 2015 - PRLog -- The government of Kenya has enacted new laws that will i) make it possible for one person to set up a company whereas in the past the minimum requirement was two people to register a company ii) remove the requirement that small companies must have a company secretary and iii) remove the requirement that private firms must hold an annual general meeting each year.

The president said the government is dedicated to transform the business environment of the country, asking state agencies and the private sector to change their approach to doing business. "Laws alone cannot make a difference. What matters is how they are implemented. Each one of us has a role to play for Kenya to become a first world economy," he said.

These amendments will be implemented within i) the Companies Act ii) the Insolvency Act and the Special Economic Zones Act iii) the Business Registration Service iv) the Companies and Insolvency Legislation Act 2015 and v) Finance Act amendments 2015. The Special Economic Zones Act, the first of its kind in Africa, is aimed at creating enabling environments for global and local investors in specially designated zones within the country.

As a result, these new laws which have been formulated to boost investments and SMEs and the overall economy of the country, will make Kenya more business friendly. The laws will provide clarity for investors and improve Kenya's attraction as a preferred investment destination.

About Healy Consultants

For over a decade, the incorporation experts at Healy Consultants Pte Ltd., with their branch in Kenya, have been assisting investors worldwide to set up the optimum corporate structure for doing business in the country. The services offered include company registration, banking solutions, accounting and tax and legal services and corporate support services.

Contact us

To inquire more about Kenya company setup options and schedule a conference call, email us at email@healyconsultants[.]com or call us on +65 6735 0120.

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Healy Consultants
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Source:Healy Consultants
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Tags:African Business, invest in Kenya, Business Laws
Industry:Business
Location:Nairobi - Kenya
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