AdewebsTo begin an agribusiness, you are required to properly do your research. This research will help your business succeed.
Today, we will be looking at how you can effectively register an agribusiness company in Kenya.
Starting an agribusiness involves several steps, including registering your company. Here’s a comprehensive guide on how to register your agribusiness limited company:
Step 1: Company Registration Requirements
Gather the following information and documents to start the registration process:
- Company Name: Prepare 2-3 name suggestions.
- Nature of Business: Define the activities your agribusiness will engage in.
- Director(s) Details: Provide full names, occupations, postal and residential addresses of directors.
- Shares Allocation: Determine the ownership percentage of each director.
- Additional Requirements: Provide copies of KRA PIN Certificate, ID/Passport, and colored photos of directors/shareholders.
Read Also: How To Register Your Farm As A Business In Kenya Step By Step Guide
Step 2: Company Name Search
- Submit your company name suggestions for a search process, which takes up to 2 working days.
Step 3: Memorandum & Other Documents
- Once the name search is complete, preparation of Memorandum & other documents (Form CR1, CR2, CR8) will begin.
- Sign the relevant pages and send the documents to the registration team.
Step 4: Certificate of Incorporation
- Company Registry will process your documents within up to 5 working days and issue the Certificate of Incorporation.
- The certificate will be delivered to you via courier services.
Step 5: KRA PIN for Company
- Acquire a KRA PIN certificate to open a bank account for your agribusiness. This service may be included in certain registration packages.
Step 6: AGPO Certificate (Optional)
- If your company aims to supply the Government, you can apply for an AGPO Certificate. Gather the necessary requirements for the application.
Registration Process Overview
- Select a registration package (Lite Plan or Premium Plan) based on your preferences and budget.
- Fill out the Requirement Form with your information.
- Upload the completed form and submit your registration order.
Pricing Plans:
- Lite Plan (Ksh. 20,000): Includes basic registration services.
- Premium Plan (Ksh. 40,000): Comprehensive package with additional services like KRA PIN registration, website design, logo design, etc.
Requirement Form:
- Download and fill out the Company Registration Requirements Form.
Registration Order:
- Fill out the registration order form only if you have completed the requirements and payment for registration.
Follow these steps to register your agribusiness limited company efficiently and begin trading soon.
In Conclusion
In conclusion, the process of registering an agribusiness limited company involves several essential steps and considerations. By following the outlined steps and providing the necessary documents, aspiring entrepreneurs can establish their businesses in compliance with legal requirements and regulations.
The availability of different registration packages, such as the Lite Plan and Premium Plan, offers flexibility to entrepreneurs based on their specific needs and budgetary constraints. Whether opting for a basic package or a comprehensive one, entrepreneurs can access the support and guidance needed to navigate the registration process efficiently.
Additionally, the opportunity to apply for an AGPO Certificate concurrently with company registration underscores the potential for businesses to tap into government procurement opportunities and expand their market reach.
Overall, the availability of registration assistance services streamlines the process for entrepreneurs, allowing them to focus on developing their agribusiness ventures without the burden of administrative complexities. With proper planning and adherence to requirements, entrepreneurs can embark on their business journey with confidence and readiness for success.
FAQs on How To Register Agribusiness Company In Kenya
What is the difference between the Lite Plan and the Premium Plan?
The Lite Plan is a basic registration package priced at Ksh. 20,000, which includes essential services such as company name search, certificate of incorporation, memorandum, and CR12 letter.
On the other hand, the Premium Plan, priced at Ksh. 40,000, offers a comprehensive package with additional services like KRA PIN registration, VAT registration, website design, logo design, and more.
What documents do I need to provide for the registration process?
You will need to provide essential documents such as copies of KRA PIN Certificate, ID/Passport, and colored photos of directors/shareholders. Additionally, depending on the registration package chosen, you may need to submit further documents like vocational training certificates or business registration certificates.
How long does the registration process take?
The registration process typically takes several days to complete. The company name search process usually takes up to 2 working days, while the Company Registry processes the documents for the Certificate of Incorporation within up to 5 working days. However, the overall duration may vary depending on various factors such as the workload of the registry and the completeness of submitted documents.
Do I need to be physically present to register my company?
No, physical presence is not necessary for the registration process. You can provide all required information and documents electronically, and the registration agency will handle the paperwork on your behalf. However, you may need to send the signed documents via courier or delivery services.
Can I apply for an AGPO Certificate simultaneously with company registration?
Yes, you can apply for an AGPO (Access to Government Procurement Opportunities) Certificate alongside the company registration process if your company aims to supply the Government with products. However, you will need to ensure that you gather all the necessary requirements for the AGPO application, as outlined in the provided checklist.
