REPEAL OF LOCAL SHAREHOLDING REQUIREMENT FOR A FOREIGN COMPANY

HHM Business Setup

The Companies Act 2015 which was enacted on 11th September 2015 and came into full operation on 15th June 2016 introduced new requirements for the registration of a foreign company in Kenya including a controversial requirement that at least 30% of a foreign company’s shareholding must be held by  Kenyan citizens by birth.

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