Foreign investments in Kenya remain relatively weak considering the size of its economy and its level of development. Nevertheless, Kenya is one of the largest recipients of FDI in Africa, with FDI inflows significantly increasing since 2010.
According to the figures from UNCTAD’s 2020 World Investment Report, FDI flows in Kenya decreased by 18% to USD 1,3 billion in 2019 (compared to USD 1,6 billion in 2018), despite several new projects in information technology and health care.
The total stock of FDI stood at USD 15,7 billion in 2019. In recent years, the ICT sector has attracted the most FDI, thanks to the arrival of fibre optics in 2009-2010. The other sectors targeted by FDI are banking, tourism, infrastructure and extractive industries. The United Kingdom, the Netherlands, Belgium, China and South Africa are the main investors in Kenya. As far as corporates are concerned, foreign investments can also be done by individuals.
We understand how challenging it is to settle in a new environment and mostly setting up a business for profit-making. Challenges are not only on the personal settlement but also statutory accuracy with tax implications. Having understood the tax structure, we will offer you a guide on how to invest wisely and be at par with the required laws and structures.
Working with us relieves you the pressure of always looking back at your shoulders and let you focus on your investment mandate as we will deal with all other overlapping issues
Contact us to understand and clarify about foreign investments and tax-related issues