2014-05-28

Procedures For Licensing Credit Reference Bureaus

To obtain a Credit Reference Bureau (CRB) license in Kenya, applicants must follow a comprehensive process involving multiple steps. After receiving approval from the Central Bank of Kenya (CBK) for their company name and incorporating as a limited liability company, applicants submit a detailed application package, including financial statements, security measures, and feasibility studies. Upon meeting the requirements, the CBK grants a letter of intent, allowing the applicant to set up premises and recruit staff. A security audit and inspection by the CBK precede the final licensing stage, where an annual license fee and statutory declaration are submitted.

Kenya

Central Bank of Kenya

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