September 28, 2016
30% Kenyan shareholding requirement for foreign companies repealed

The requirement to have at least 30% Kenyan shareholding for foreign companies wishing to register in Kenya has been repealed formally by an amendment to the Companies Act 2015 by the Finance Act 2016.

Further news on this appears here:

http://www.businessdailyafrica.com/Rotich-revokes-law-on-locals-owning-30pc-foreign-firms/539546-3398192-anhevwz/

 

 

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Daly & Inamdar Advocates (previously known as Daly & Figgis) is a leading Kenyan law firm and a member of the Nextlaw Referral Network-In association with Dentons and Mackrell International, an international network of law firms ranked in Band 1 by Chambers Global

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Nairobi Head Office

ABC Towers, ABC Place, 6th Floor

Waiyaki Way

P.O. Box 40034

Nairobi-00100

Tel: (+254) 20 – 4297000 or 0711064000

Fax: (+254) 20 – 4448907

Mobile: (+254) 722/734 – 310304

 

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Sea View Plaza, 1st Floor

Mama Ngina Drive

P.O. Box 80483

Mombasa–80100

Tel: + 254 (0) 716 430 651, 734 606 070 202 443 829

 

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