6 Pillars of the Kenyan laws you must know about family trusts
Securing a family’s legacy goes beyond a simple will. It requires understanding the specific legal framework that makes a Family Trust effective in Kenya.
Securing a family’s legacy goes beyond a simple will. It requires understanding the specific legal framework that makes a Family Trust effective in Kenya.
The legal framework for trusts in Kenya is evolving! With the proposed Trust Administration Bill, 2025, set to potentially repeal existing legislation like the Trustees (Perpetual Succession) Act (Cap 164), understanding how to formally wind up a family trust is crucial for settlors and trustees alike.
P.A.Y.E is a vital part of any company doing business in Kenya, understanding and following the rules for PAY AS YOU EARN (PAYE) in running a responsible business. PAYE is the system where an employer, deducts income tax directly from the team’s salaries and send it to the Kenya Revenue Authority (KRA).
For every ambitious entrepreneur in Kenya, whether a local or a foreign resident, a KRA PIN is far more than just a number. It’s the absolute foundation for running a legal, growing, and trustworthy business. The Kenya Revenue Authority (KRA) Personal Identification Number (PIN) is essential for businesses of all shapes and sizes, from someone just starting out to large corporations.