14 Tips on Starting a General Supplies Business in Kenya

How to Set Up your General Supplies Company 1.    Opening a Bank Account for your  Supplies Company Once your general supplies company has been  registered , you will need to set up the necessary structures to enable you to do business. You need to set up you bank account, set up an office, and register with other professional organisations like Kenya Institute of Supplies Management. You need to do a little research to find out the bank that offers the best credit terms against a purchase LPO or tender award letters. Some banks have lower interests rates than others while some offer higher credit for tenders. This will be important since in most tender documents, you may need to show a letter of credit guarantee from a reputable bank. Read more on how to Incorporate a Company in Kenya

  How to Register a General Supplies Company in Kenya 1.    How to Choose your Supplies Company Name Choosing the most suitable name for your company is one of the most important, if not the most important task that you have to perform. You can change marketing strategies, logos, and even offices, but your company name will stick with you forever. Choosing your business name is therefore a very crucial endevour. There are several ways to approach the naming of your company namely: Using African Indigenous names Using English or Swahili names that emphasis on a given positive impact Read More on How to Start a General Supplies Business in Kenya

  7 Types of Companies You Can Register In Kenya To start any business in Kenya, you need to register your company with the Kenya registrar of companies. Registration with Kenya Revenue Authority PIN number is also needed for tax returns. There are several types of business entities that you can register to do business in Kenya. Types of businesses / Companies you can register in Kenya: Business name/Sole Proprietorship Partnership Private limited Company Company Limited by Guarantee Public Limited Company Limited Foreign Company – Local Office Unlimited Company Read mroe details on types of companies in Kenya .