As part of our initiative to raise financial awareness during the Global Money Week, 2024, we have highlighted the key aspects of the Movable Property Security Rights Act (MPSR), 2017. The Movable Property Security Rights Act (MPSR), 2017 is considered the most significant statute to impact the use of movable security in Kenya. The objective of …
The Significant Impact of Moveable Property Security in Kenya Read More »
The Climate Change (Amendment) Act, 2023 was enacted on 1st September 2023 and came into force on 15th September 2023. The Act entrenches the need for Carbon Projects to specify the anticipated environmental, economic and social benefits of the project and outlines key considerations for existing and proposed carbon credit projects and Carbon Trading. Carbon Credits …
The Extension and Renewal of Leases is governed by the Land (Extension and Renewal of Leases) Rules, 20l7. Extension of Lease means the extension of the term of an existing Lease from the original issued term and is done during the subsistence of the lease. Whereas Renewal of Lease refers to grant of a new lease on the same …
Guidelines for Extension and Renewal of Leases in Kenya Read More »
Co-tenancy means the Ownership of Land by two or more persons in undivided shares and includes Joint Tenancy or Tenancy in Common. 1. Joint Tenancy Joint tenancy is defined in Section 2 of the Land Act 2012. It is a form of ownership by two or more persons of the same property. The individuals share equal ownership …
Insurance is a valuable tool that businesses can use to protect themselves from the multitude of risks they face on a daily basis. Some types of insurance you have to take out by law such as Motor Insurance Policy while some you may need as a condition of a contract such as Goods in Transit. …
What Insurance Policies Does Your Business Need? Read More »
Allotment Letters are issued in respect of Land by the Government or Local Authority to an applicant subject to a formal written acceptance of the conditions given and the payment of the Charges. The Land (Allocation of Public Land) Regulations, 2017 provide for the procedure of issuance of allotment Letters in respect to allocated Land. …
Procedure of Acquiring a Title Deed From an Allotment Letter Read More »
There are different types of Real Estate Taxes charged in respect to ownership or disposition of Property. Below are some of the Taxes charged, both by the National and County Government relating to Property: LAND RATES This is a tax imposed by county governments within a municipality or township. Rates are payable in respect of …
The Constitution of Kenya, 2010 provides that all Land in Kenya belongs to the people of Kenya collectively as a nation, as well as to communities and individuals. As such, ownership of land by foreigners is subject to the provisions of the Constitution and other laws regulating Land Ownership in Kenya. The Constitution of Kenya …
The Immigration Laws in Kenya allow eligible foreign nationals to apply for Permanent Residency and, if approved, obtain the status of a Permanent Resident in Kenya. Permanent Residents are entitled to live, work, and conduct business in Kenya, and have similar rights as citizens, except for the right to vote. According to Kenya’s Department of …
The Ministry of Interior and Coordination of National Government through the Directorate of Immigration and Registration of Persons is responsible for registration of persons,maintenance of an inclusive persons register, management of migration, border control and refugees’ welfare supervision. The categories of Visas issued include: Ordinary Visa: Issued for Single or Multiple entries to persons whose …
