Significant Loan

It’s summer time. You can’t wait to make use of your leaves from the office. You started planning for your vacation. You want to make sure that it will be a great one and that you don’t to miss any single detail. Then, a friend suggested that you get a travel insurance.

You then wondered, what’s with a travel insurance? You went online and started doing a research. You realized that getting a travel insurance is one of the top priorities when going on a vacation. But how will you be able to choose the best one? The answer: travel insurance comparison.

In getting a travel insurance, it is important for you to have some choices to be able to do the comparison. Ask some of your friends or try to find some in the internet. Then start comparing. Here’s how…

1. Check the reliability of the insurance provider. Make sure that the company is licensed. This will help you avoid fraudulent illegal companies that won’t pay your claim.

1. Determine the costs and time frame coverage. Of course you are after an affordable policy so it is just proper to know the price you’ll be paying for. But, you should also find out if the insurance protects all your travels for the entire year or for a single trip only. From there you could decide which one suits you and your budget.

1. Look up all the emergency situations covered by the policy. Some insurance policies only cover the basic requirements but not all possible emergency situations. It is best for you to get a policy that offer maximum benefits in situations like car collision, lost luggage/passport, flight delay or cancellation, and even worse ones like terrorist attack or swine flu epidemic.

1. Lastly, be aware of the policy exclusions. As mentioned above, the policy that offers more benefits is better thus the policy that has less exclusions is just as great.

There are 10 easy steps to company registration in Kenya. You begin at the Companies Registry at Sheria House.

1. Name search: It goes without saying. You need a name. This part take two days and costs under $5.

2. Prepare Memorandum and Article of Association: These documents describe the objectives, rules, subscribers and authorised share capital of your company.

3. Pay Stamp Duty: The amount of money that you pay depends on your declared nominal capital. You begin by collecting four forms from the Kenya Revenue Authority at Times Towers. Two copies go to the Lands Registry, one is retained by you and the other by the bank.

4. Declaration of compliance: A commissioner of oath must sign this form on your behalf.

5. File Deeds at Registrars office: You then need to file your documents at Companies Registry.

This includes your memorandum and articles of association. There is a varied fee attached to this.

6. Register for a Personal Identity Number, VAT & PAYE: This takes a day to register at Times Tower and is free.

7. Register for NHIF: NHIF stands for National Hospital Insurance Fund. This is mandatory medical contribution for your employees.

Register at the NHIF building.

8. Register for NSSF: NSSF stands for National Social Security Fund. It is mandatory to contribute to your employees retirement fund. Registration is done at the NSSF building at the bottom of Valley Road.

9. Register for a Business Permit: This application is made to the City council. You will need office space prior to submitting this application.

10. Get your Company Seal. This is the last bit. You can get good quality company seals from Seal Honey Stationers in Nairobi.

This article is written by Maggie Nguyo. An Advocate of the High Court of Kenya, Holder of a Law Masters Degree in Banking and Finance from the London School of Economics, a Masters of Arts Degree in Gender Culture and Development from the University of Sunderland and the current editor.

It is becoming a popular and paying strategy to register a business in UK. Even those businesses that are set up elsewhere want to register a business in UK. The reasons for this enthusiasm are clear. Registering and setting up a business in the UK is a fairly straightforward procedure. It is easy, quick and profitable. There are tax benefits to be thought of besides the highly streamlined process that is available for incorporating a business in UK.

Fortunately, registering a business in the UK follows well established guidelines. So, there is no need for any confusion.

The first step is to have a physical address in the UK. This is not a problem for native residents. However, foreign companies may require a temporary office address before they can set up their actual office. In this case, the company can pay a small amount to a solicitor and use their address temporarily. An address in England, Wales or Scotland would do. Mind you, all official communication must carry this address. Also, copies of official documents have to be kept at this address.

Equally important is the decision regarding the business structure. There are a number of structures to choose from. Most small businesses prefer to become sole proprietorships because this is the quickest and the least complicated route. However, in case the business is big enough, it might be better to consider a partnership or a Limited Liability Company.

The last thing to do before you register a business in UK is choose the name of your company or business. The name has to be unique and there should be no copyright violations. Legally, that is all there is to choosing the name of your business. But, remember that you have to live with the name you choose for a long, long time. So, apply some thought and choose wisely.