In addition, it may also be useful to have an incubation platform where different professionals such as established techies, lawyers, marketers, accountants and tax experts can give free advice and mentorship to startups. I remember sometime back there was such an initiative and many professionals made time to guide the up and coming. Some friendships and partnerships also developed therefrom.
Regards,
I have been asked by several people why I haven't yet registered ROFFEKE as a business. One word: taxes. If there was a grace period, then this would encourage so many Kenyans to venture into business. Starting a business is difficult enough without the added worry of taxes in year one of operation. Regarding the business registration process, I think websites like inc.co.ke make this process less hectic.
On Monday, February 1, 2016, Ahmed Mohamed Maawy via kictanet <kictanet@lists.kictanet.or.ke> wrote:Listers,Allow me to post a question on the group - which is the question I had in mind to present to CS Joe Mucheru. Mine is a burning question on how to incentivize the startup eco-system, including:
- How to make the business registration process a bit less hectic.
- 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?
--Ahmed Maawy
Executive Director - SwahiliBox / M-Power (CBO)
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(KE) +254 714 960 627
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