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[ESTABLISHING A BUSINESS ENTITY IN KENYA]
(c) The principal sums and accrued interest relating to any loans specifically delineated in the certificate. It is imperative to underscore that the tax liability associated with capital gains arising from financial derivatives transactions executed by foreign entities is subject to a withholding tax rate set at 15%. It is worth noting that in situations where a corporate entity attains certification status conferred by the Nairobi International Financial Centre Authority and further commits to a substantial investment amounting to five billion Kenyan Shillings within the Kenyan economic landscape, the rate applicable for the subsequent transfer of said investment, which is permissible after a
minimum period of five years, shall be predicated upon the prevailing rate at the time of the initial investment's inception. This provision is indicative of the legal framework's responsiveness to incentivizing long-term investments of significant magnitude within the Kenyan financial sector.
ILN Corporate Group – Establishing a Business Entity Series
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