Re:Kenya: Foreign companies to face 30 per cent local owners...
by smallnamespace on Sunday July 24, 2016 @10:44PM
(#12156139)
> they will have to either prevent chains of ownership and/or beef up initial incorporation charges and/or periodic incorporation maintenance fees.
Not really, this sort loophole is trivial to avoid while writing the law: just calculate by local ownership percentage of total shares and/or total capitalization.
In your example, A3 would have 2.7% of its shares be owned by Kenyans and so wouldn't be local.
Not really, this sort loophole is trivial to avoid while writing the law: just calculate by local ownership percentage of total shares and/or total capitalization.
In your example, A3 would have 2.7% of its shares be owned by Kenyans and so wouldn't be local.