Registering a Charitable Trust and Foundation in Kenya: Steps Explained
The process of how to register a foundation in Kenya can be easy or an uphill task depending on the kind of information you have in your hands about the whole procedure.
There are several ways to go about it in Kenya, and I will be discussing two of them in this article. The requirements to register a foundation in Kenya will depend on the type as the process is somewhat different. In case if you have been thinking of registering a foundation in Kenya here is what you need to know.
First of all, a charitable foundation, in according with the Kenyan law, is established as a company limited guarantee or as charitable trust.
Foundation as a Charitable Trust
Too make sure that a trust can be identified it must and should be registered under the trustees act which upon successful completion, a certificate is issued. This is very important because it gives it legal power such that it can either sue or be sued. Basically this being an initial but an important step it gives the trust to apply for the charitable status.
For any given trust to attain a charitable status in Kenya it’s important to satisfy the following requirements from the Kenya’s central taxman the Kenya Revenue Authority.
1. Must have a trust deed
2. Must clearly and openly state the objective of the trust.
3. Give functional postal address of the trustees
4. Passport photos of all trustees
5. Give the accurate physical location of the trust in question, plot number exact road, the town, country etc.
6. A copy of national id or passport of the trustees
7. A copy of pin certificates of all trustees
Trust Deed Preparation
1. Must clearly state the name of the trust as well as the objectives of the trust.
2. Give full names as well as functional postal addresses of all the trustees.
3. Give an accurate physical location of the trust in question; plot number, exact road, the town, country etc.
4. Must clearly state or define all the powers of the trustees either in changing or in the appointment of other trustees.
The Stamp Duty