ADVOKS GLOBAL · KENYA
Investment Promotion Act
2. Definitions
Edition: 2022-12-31 · In force
2. Definitions
In this Act, unless the context otherwise requires—"Authority" means the Kenya Investment Authority continued under section 14;"Cabinet Secretary" means the Cabinet Secretary responsible for matters relating to Investment;"foreign investor" means—(a)a natural person who is not a citizen of Kenya;(b)a partnership in which the controlling interest is owned by a person or persons who are not citizens of Kenya; or(c)a company or other body corporate incorporated under the laws of a country other than Kenya."investment" means the contribution of local or foreign capital by an investor, including the creation or acquisition of business assets by or for a business enterprise and includes the expansion, restructuring, improvement or rehabilitation of a business enterprise;"investment certificate" means an investment certificate issued under this Act;"licence" includes a registration, permit, approval or authorization required by law regardless of how it is described;"local investor" means—(a)a natural person who is a citizen of Kenya;(b)a partnership in which the partnership controlling interest in owned by a person who is a citizen of Kenya;(c)a company incorporated under the laws of Kenya, in which the majority of shares are held by a person who is a citizen of Kenya; or(d)a trust or trust corporation established under the Laws of Kenya, in which the majority of trustees and beneficiaries are citizens of Kenya.