An investment company is mainly a financial institution that plays a vital role in holding and managing security for investment purposes by offering investors a variety of funds and investment services. Such investment services include:
1. Tax management services.
3. Record keeping.
4. Portfolio Management.
5. Accounting management services among others.
Let me show you a step by step procedure on how to start an investment company in Kenya:
Step 1. Choose you preferred name for your company.
Step 2. Jot down your business plan.
Step 3. Incorporate your business.
Step 4. Register your company with the state in which you are in.
Step 5. Register your company with the Security and Exchange Commission (SEC).
Step 6. Register your company with the Investment Advisor Registration Depository(IARD) which is an electronic filing system for investment advisors.
Step 7. Preparations of marketing materials.
Step 8. Market your company by creating a website, brochure, business cards and other advertising materials.
That is what it takes on how to start your own investment company in Kenya.
Cost To Start An Investment Firm
Are you curious to know how much does it cost to start an investment firm? It costs an average of Ksh.6,000,000 for one to start a successful investment firm in Kenya. Investment firms earn higher profits of millions.
Investment certificate Kenya is used as a recognition of an investor in Kenya. Kenya Revenue Authority (KRA) helps you to acquire the investment certificate whether you are a Kenyan citizen or a foreigner.
Investment Company Business Plan
A business plan is always laid in order to achieve the desired goal of a company. An investment business plan includes:
1. Business planning.
5. Business loans.
6. Angel investment.
In summary, investment companies in Kenya have played vital roles in lending money to individuals and companies at large. This has highly benefited the Kenyan economy since it receives revenue from all business sources.