Related documents
- Is amended by 24th Annual Supplement
LAWS OF KENYA
INVESTMENT PROMOTION ACT
CAP. 485
- Published in Kenya Gazette Vol. CVII—No. 1 on 7 January 2005
- Assented to on 31 December 2004
- Commenced on 3 October 2005 by Investment Promotion Act Commencement
- [Amended by Finance Act, 2005 (Act No. 6 of 2005) on 1 January 2006]
- [Amended by Security Laws (Amendment) Act, 2014 (Act No. 19 of 2014) on 22 December 2014]
- [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
Part I – PRELIMINARY
1. Short title
This Act may be cited as the Investment Promotion Act.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—Part II – INVESTMENT CERTIFICATES – APPLICATION AND ISSUE, ETC.
3. Applications
4. Entitlement to certificate
5. Procedures for consideration of application
The procedures set out in the First Schedule shall apply with respect to the consideration of an application for an investment certificate.6. Issue of certificate
7. Conditions of certificate
An investment certificate shall be subject to—8. Transfer
9. Amendment
At the request of the holder of the certificate, the Authority may amend an investment certificate subject to any restrictions prescribed in the regulations.10. Revocation
11. Review of Authority decision
Part III – INVESTMENT CERTIFICATES – BENEFITS
12. Entitlement to certain licences
13. Entitlement to entry permits for expatriates
Part IV – KENYA INVESTMENT AUTHORITY
14. Authority continued as body corporate
The Investment Promotion Centre established under the Investment Promotion Centre Act (Cap. 485) is hereby continued as a body corporate under this Act to be known as the Kenya Investment Authority.15. Functions
16. Board of Authority
17. Term of office of Chairperson, appointed members
The Chairperson or a member appointed under section 16(2)(g) shall hold office for a period of three years and shall be eligible for reappointment.18. Resignation of Chairperson, appointed members
19. Removal of Chairperson, appointed members
20. Allowances of board members
The Authority shall pay the members of the board of the Authority such allowances and expenses as are determined by the Cabinet Secretary.21. Procedures of the board
22. Secretary of board
The managing director of the Authority shall be the secretary of the board of the Authority.23. Managing director of Authority
24. Other staff
25. Immunity
No member of the staff of the Authority or member of the board of the Authority or of a committee of the board shall be personally liable for anything done or omitted in good faith under this Act.Part V – NATIONAL INVESTMENT COUNCIL
26. Council established
The National Investment Council is hereby established as an unincorporated body consisting of the following members—27. Functions
Part VI – MISCELLANEOUS
28. Offence, misleading Authority, etc.
A person who knowingly submits false or misleading information to the Authority for the purposes of obtaining an investment certificate or obtaining any assistance from the Authority is guilty of an offence and is liable, on conviction, to a fine not exceeding one million shillings or to imprisonment for a term not exceeding two years or to both.29. Offence, improperly divulging information acquired under Act
A person who, without lawful excuse, divulges information acquired in the course of acting under this Act is guilty of an offence and is liable on conviction, to a fine not exceeding one million shillings or to imprisonment for a term not exceeding two years or to both.30. Regulations
31. [Spent]
32. General authority, etc. under repealed Act continued
History of this document
31 December 2022 this version
Revised by
24th Annual Supplement
22 December 2014
01 January 2006
Amended by
Finance Act, 2005
Read this version
03 October 2005
Commenced by
Investment Promotion Act Commencement
07 January 2005
31 December 2004
Assented to
Cited documents 12
Act 12
1. | Environmental Management and Co-ordination Act | 1127 citations |
2. | Income Tax Act | 728 citations |
3. | Auctioneers Act | 422 citations |
4. | Public Health Act | 94 citations |
5. | Pharmacy and Poisons Act | 40 citations |
6. | Export Processing Zones Act | 34 citations |
7. | Animal Diseases Act | 20 citations |
8. | Pest Control Products Act | 17 citations |
9. | Scrap Metal Act | 12 citations |
10. | Dairy Industry Act | 9 citations |
Documents citing this one 19
Gazette 15
Legal Notice 3
Judgment 1
1. | Matchmasters Limited v Kenya Revenue Authority (Civil Appeal 237 of 2013) [2019] KECA 880 (KLR) (Civ) (8 March 2019) (Judgment) |
Subsidiary legislation
Title
|
Date
|
|
---|---|---|
The Investment Promotion (Investment Registration and Certificates) Regulations, 2005 | Legal Notice 1 of 2006 | 31 December 2022 |