By Purity Ngigi – Sundays Companies are now required to submit their beneficial ownership register. The deadline has been extended to 31st July 2021 from 31st January 2021. Hefty fines of up to KES 500,000 and an additional fine of KES 50,000 per day for continuing non-compliance are applicable for failure to comply by the...
By Victor Orandi On 31st December 2020, the Lands and Physical Planning Ministry (“Ministry”) announced that all title deeds issued under the Indian Transfer of Property Act, the Registered Land Act (RLA), the Registration of Titles Act (RTA), the Land Titles Act (LTA), and the Government Lands Act (GLA) shall be cancelled and replaced with...
By Elainer Mogoa Foreign nationals wishing to work in Kenya are required to obtain a work permit. However, work permits are generally only granted in instances where the employer can prove that doing so would be beneficial to Kenya and the position cannot be filled by any suitable Kenyan applicants. The Class D permit for...
By Elainer Mogoa On the 31st of January, Kenya Airlines suspended flights to mainland China due to novel coronavirus.The High Court of Kenya announced on Friday, February 28, that all flights from China would be temporarily suspended in an effort to prevent the spread of coronavirus (COVID-19). Flights to and from Italy were also temporarily...
By Victor Orandi For most business, protecting a trading name or brand logo is essential in equating a monopoly right to trademark use in their chosen class of goods or services. This generates goodwill and brand recognition. By registering a business name and/or logo, the proprietor can put third parties on notice that they own...
By Matthew Magare The Tax Laws (Amendment) (No. 2) Act No 22 of 2020 (the “Act”) was assented to on 23 December 2020 and came into effect on 1 January 2021. The Act’s primary effect was to reverse the reliefs provided under the Tax Laws (Amendment) Act 2020 that was assented following the COVID –...
By Matthew Magare Kenya signed an Economic Partnership Agreement (EPA) with the UK on 8 December 2020, which took effect on 1 January 2021. The EPA is part of the UK’s transitional efforts following Brexit. The Agreement is based on the text of the Economic Partnership Agreement between the East African Community Partner States and...
By Matthew Magare Citizenship through investment remains an attractive option to attract foreign direct investment into a country. The United States (EB-5 visa programme), Spain (Golden visa programme), Canada (The Federal Immigrant Investor Program), Thailand (“Elite” visa residency), Cyprus (Golden Visa) are just some of the international packages available to investors. The overriding aspect of...
By Matthew Magare The Startup Bill 2020 is before the Senate. The objective of the proposed law is to provide a framework to encourage growth and foster a favourable environment for startups. The Bill envisions the creation of a Registrar of Startups. The Registrar shall maintain a database of startups indicating their ownership, stage of...
By Matthew Magare The Commissioner Customs and Border Control (the “Commissioner“) through Gazette Notice No. 3530 published on 13 May 2020 (the “Gazette Notice“) set out certain goods that can no longer be held under a customs bonded warehouse. The notice came into effect in October 2020. Customs bonded warehouses allow for the storage and...
