Attractive Business Incentives
As a Special Economic Zone, Two Rivers International Finance & Innovation Centre provides competitive incentives for enterprises to set up.
0%
Corporate Tax Rate on foreign-sourced income
10%
Corporate Tax Rate on domestic sourced income (first 10 years)
15% next 10 years
0%
VAT on purchases and Exported services
0%
Repatriation Tax on
Dividends
0%
Capital Gains Tax
Transfer of property within the SEZ is exempt from CGT
No Foreign Exchange Impediments
On Repatriation of Capital and Profits
Talent Mobility
Guaranteed work permits of upto 20% of your full-time foreign employees
Business Friendly Environment.
Competitive Cost of Living And Doing Business.
Kenya ranks #114 globally in the Cost of Living Plus Rent Index (approximately 80% less expensive than the New York City benchmark). It provides a cost-competitive environment, outperforming all major regions that enterprises have been expanding to in the last 20 years, enabling businesses to achieve substantial cost savings without compromising quality.
UAE #23 (47.6)
Mauritius #83 (27.2)
South Africa #87 (26.4)
Philippines #103 (22.4)
Kenya #114 (20.6)
Ease of Doing Business
Kenya is highly regarded for its political stability and ease of doing business, as evidenced by numerous reports from global rating institutions.
Global Rankings:
World Bank Ease of Doing Business (2020) #56
English Proficiency (EF EPI 2022) #20
Expat City Ranking 2022 – Nairobi (Expat Essentials) #9
A Thriving Digital Economy and Tech Hub.
Kenya is one of the ten fastest growing digital economies in the world. Digital transformation is at the centre of the country’s development strategy. Often referred to as Africa’s Silicon Savannah, Kenya is the regional ICT hub of East Africa, with a growing ICT sector and has some of the best digital legal frameworks on the continent like its ICT Masterplan and Digital Economy Blueprint.
World Economic Forum – “Technology Pioneers 2022“: Most innovative African nation
Access to a deep pool of highly competent human capital.
Kenya has a youthful population and provides for a deep pool of highly skilled, extremely adaptable and English proficient professionals. Kenya has one of the best educated human capital in the world and qualified professionals can be hired at reasonable pay-scales in all occupations and at all levels of experience.
Regional Policy Frameworks.
Kenya’s participation in the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and the African Continental Free Trade Area (AfCFTA) are also advantageous to businesses as it provides them with access to unified regional policy frameworks across a vast market landscape:
EAC: The East African Community (EAC) is a regional intergovernmental organisation of 7 Partner States with a combined GDP of US$ 305 billion and home to 284 million people.
COMESA: The Common Market for Eastern and Southern Africa (COMESA) is a free trade area that includes 21 Countries and has a large market for Trade and Investment with over 600 Million people.
AfCFTA: With 1.4 billion people and 55 participating countries with a combined GDP of USD 3.4 trillion, AfCFTA is poised to become the largest free trade area in the world, and Kenya is well positioned to play a leading role as an established business and corporate hub.
