2014-03-27

Procedures For Grant Of Authority For Representive Offices In Kenya

To open a representative office in Kenya, foreign banking institutions must apply to the Central Bank of Kenya (CBK) and provide extensive documentation, including a formal letter of intent, certified translations, and detailed supporting information about the institution and its operations. If approved, the applicant must then obtain premises and recruit staff before inviting the CBK for a final inspection. The entire process is comprehensive and designed to ensure that only qualified and suitable foreign institutions are granted the authority to operate in Kenya.

Tags
licensing
governance