Why Invest?
Kenya, a melting port of opportunities is a prosperous business centre. With a growing economy, steady sociopolitical government and a developed infrastructure in place, Kenya offers corporations the ideal avenue for investments.
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Market Report
International Property Brokers forecast that the Kenyan economy in real estate will boom in the upcoming years. Investing in Kenya will return an investor impressive rental income and substantial capital growth returns, so this is the right time to take benefit from it.
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Economic Overview
Kenya's main economic strengths include tourism and agriculture. The economy is beginning to show some growth after years of stagnation.The government of Kenya took some positive steps on reform, including the 1999 establishment of the Kenyan anti-corruption authority, and measures to improve the transparency of government procurements and reduce the government payroll.
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Visa/Residency Issues
All incoming visitors to Kenya (except East African Citizens) require a visa.
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Getting to Kenya
Nairobi is served primarily by Jomo Kenyatta International Airport (JKI). It is the largest airport in the region and handled 4 million passengers in 2004. This airport is usually the first port of call for most tourists visiting Kenya or Mount Kilimanjaro in Tanzania.
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Fees & Taxes
- The income tax system seeks to tax corporate earnings only once, at the corporate level. However, a 30% tax is imposed on the corporation on distributions.
- A value-added tax (VAT) at the general rate of 16% is payable on sales of goods and rendering of services, rents, and imports of goods and services.
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Kenya
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Basic Information
| Population |
34,256,000 |
| Languages |
English, Kiswahili, various indigenous languages. |
| Area |
224,080 sq mi |
| Currency |
Kenyan shilling (KSH) |
| Dialing Code |
+254
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| Emergency Services |
999 |
Kenya Overview
The Republic of Kenya is a country in Eastern Africa. It is bordered by Ethiopia to the north, Somalia to the east, Tanzania to the south, Uganda to the west, and Sudan to the northwest, with the Indian Ocean running along the southeast border.
Average Property Prices
Coming Soon.
Buying Process
- If you are buying property in Kenya than we recommend you to employee a lawyer who assist you with the entire investment property buying process.
- Once a price for the property sale has been settled, a restricted preliminary contract can be signed and a deposit of up to 10% of the purchase price be paid. It is then customary for the final contract to be signed within a 90 day period, at which time the outstanding purchase price will be paid by the property investor.
- The buyers solicitor will register the final contract with the land registry and apply for a transfer of the title deed into the new owners name.
- Taxes and lawyers fees will be payable within 30 days after the final contract is signed. All fees in Kenya tend to vary and are usually based on the fundamental purchase price of the investment property being bought.
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