[kictanet] More support for springing startups

[Rad!]

Move value and impact i think would arise of the issue was making doing
business easier, and not just registration.

On Wed, Feb 3, 2016 at 11:35 AM, Michael Pedersen via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Hi Everyone,
>
> Personally I think this focus on "making easy to register a business" is
> misplaced, the focus should instead be on making easier "having a business".
> Annoying as the registration process may be, it is only a one-off process
> once it's done it will not bother you again - whereas the processes you
> have to complete on a monthly, quarterly, yearly introduces overhead time
> and time again.
>
> My favorite example is ofcourse all the monthly statutory payments, NSSF,
> NHIF, KRA, NITA, etc all have their own individual process. Each
> institution have their own process, their own collection procedure, their
> own queue's. You can easily spend several hours completing a monthly return
> - for each of them.
> Why can't they work together so that you go to ONE place and perform ONE
> payment, then they could split the collections between them self.
> A few years back it was announced that KRA would start becoming a
> collection point for NSSF, this was a step in the right direction. The day
> before it was supposed to go into effect it was announced that it was
> postponed due to the IT-systems not being compatible.... (the inital iTax
> version even had a non-working button for it)
>
>
> Second example would be the requirements for nil-returns, often when you
> see someone registering a new company they are quite "green" in terms of
> what their obligations are, there is a learning curve to climb. Often you
> find startup's in a situation where they had been caught unaware about the
> need to file nil-returns, and the business activities they had planned is
> delayed for whatever reason.
> Why is it even necessary to file a nil return (?), could it not be assumed
> that if nothing else is filed then it's a nil-return... Yes there are
> practical (and maybe legal) reasons but it really should be possible to
> work around this and make it unnecessary to file nil-returns.
>
>
> On the bright side the new company act removes the need to have an
> official company secretary to do your annual legal return - that is a clear
> improvement for startups and helps reduce the overall overhead.
>
> ..
> Mike
>
>
> On 2/1/16 3:03 PM, Ahmed Mohamed Maawy via kictanet wrote:
>
>
>
>    1. How to make the business registration process a bit less hectic.
>    2. Tax breaks for some amount of time during which they operate to
>    pick up business and traction around this.
>
> Having managed the eco-system in Mombasa for a while, I think you end up
> finding potential kids and other chaps having ideas, but who can not enter
> into some contests or can not be eligible to enroll to specific support
> frameworks because of their lack of a business registration certificate.
> Which is sad, to see such potential go all the way down the drain because
> of financial or other constraints.
> There is a pipeline issue for potential startups here that needs to be
> resolved, but how can we work together around this?
>
>
>
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