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Representative office-application

  • Agency: Bank Supervision Department
  • Purpose: To promote business interest of institutions licensed and incorporated outside Kenya
  • Application Fee: Kshs 5000/=
  • License Fee: Kshs 20,000/=
  • Maximum Processing Time: Three Months
  • Statutes:
  • Gazetted On: 1991-12-31
  • Related Websites: www.centralbank.go.ke
  • Validity: Until ceasing of business
  • Enactment: 1991-12-31
  • Contact Office: Portfolio Manager
  • Resolution Criteria: If the applicant meets the prescribed requirements
  • License Type: License/Permit
  • (i) Apply in writting to the central Bank of kenya
  • (ii) Application Form Filled
  • (iii) In considering an application for a Licence,the central Bank may require to be satisfied as to:-
  • (a) The finance condition and history of the institution
  • (b) The character of its management
  • (c) The professional and moral suitability of the persons proposed to manage or control the institution
  • (d) The adequacy of its capital structure and earning prospects
  • (e) The convenience and needs of the area to be served and the public interest which will be served by the granting of the licence
  • (f) Payment of the prescribed fee
  • (g) Renewal of a licence shall be made in writting to the central bank and may be made within the three months immediatly proceding the expiry of the licence
  • Licensing Body: Bank Supervision Department