Question: What you need to start a business in Kenya?

What is needed to start a business in Kenya?

Firms must then obtain registration with National Social Security Fund (NSSF), National Hospital Insurance Fund (NHIF) and the Kenya Revenue Authority (KRA) . A business permit should also be obtained from the County Government depending on the business type.

How much money do you need to start a business in Kenya?

You can easily start with a capital of Ksh 5,000 if you want to do business on a small scale. But if you want to go bigger, then capital of Ksh 150,000 should be enough. Smokies, sausages, samosas, and eggs business is a good business to run in Kenya.

Which is the easiest business to start in Kenya?

Simple Business Ideas Anyone Can Try in Kenya

  • Selling second-hand clothes. This is one the most popular business in Kenya, but tricky to run. …
  • Salon or barber shop. …
  • Boda boda business. …
  • M-Pesa business. …
  • Poultry Farming. …
  • Printing and photocopy. …
  • Boiled eggs and smokies. …
  • Manicure/Pedicure.

How much does a business permit cost in Kenya?

How much do business permits cost? Using Nairobi County business permit rates, a single company permit for a company with up to 5 employees costs Ksh. 15,000. The amount is paid at the cash office within the county headquarters.

IT IS INTERESTING:  What are the entrepreneurial activities that you know and capable of doing which are related to the ABM?

What is the most profitable business in Kenya?

Most Profitable Businesses in Kenya

  • Internet / Cyber Cafe’ store. A good number of people still visit cyber cafe despite the availability of cheap computers. …
  • Selling snacks at the office. …
  • Travel agency. …
  • Owning a fleet of Bodaboda. …
  • Cake making business. …
  • Mobile Money transfer shops & bank agents. …
  • Butchery. …
  • Photography.

How can I start my own business with no money?

How To Start A Business When You Have Literally No Money

  1. Ask yourself what you can do and get for free. …
  2. Build up six months’ worth of savings for expenses. …
  3. Ask your friends and family for extra funds. …
  4. Apply for a small business loan when you need extra cash. …
  5. Look to small business grants and local funding opportunities.

What business can I start with 5000?

55 businesses you can start for less than $5,000

  • ACCOUNTANT. Experience, training or licensing may be needed. …
  • BICYCLE REPAIR. In many parts of the country, this business tends to be seasonal, but you can find ways around that. …
  • BOAT CLEANING. …
  • BUSINESS PLAN SERVICE. …
  • CHIMNEY SWEEP. …
  • CLEANING SERVICE. …
  • COMPUTER REPAIR. …
  • CONSULTANT.

What are the most successful small businesses?

Most profitable small businesses

  • Personal wellness. …
  • Courses in other hobbies. …
  • Bookkeeping and accounting. …
  • Consulting. …
  • Graphic design. …
  • Social media management. …
  • Marketing copywriter. …
  • Virtual assistant services. Finally, last on our list of the most profitable small businesses: virtual assistant services.

How can I invest 50k in Kenya?

Below are businesses to start with 50k in Kenya as your capital:

  1. Movie Shop. The huge demand of Tv shows create a great niche for setting up a movie shop for the locals in rural areas. …
  2. Hardware Store. …
  3. Mobile Money Agent. …
  4. Farming. …
  5. Milk Bar. …
  6. Car Wash. …
  7. Professional Cleaning Business. …
  8. Boda Boda Business.
IT IS INTERESTING:  What are the benefits of a Verizon Business Plan?

What can I invest with 10k in Kenya?

5 Investments You Can Make With As Little As KSh 10,000

  1. Boiled eggs and smokies:
  2. Cleaning Services: …
  3. Stock Market: …
  4. Unit Trusts: …
  5. Government securities: The government has now allowed trading in treasury bonds and bills with as little as KSh 3,000. …