Banking, Financial Services and Insurance
The environment for businesses operating in the financial services sector has become increasingly complex and regulated in recent years. Kenya has seen excise tax imposed on financial services and as recently as 6th May 2021, witnessed the Treasury scrape the 20% excise tax imposed on bank loans.
Our professionals have extensive knowledge of the financial sector and are able to provide informed guidance and insight to our clients who include banks, insurance brokers, fund managers, private equity investors and credit unions. UHY Professionals in accounting, tax and audit combine their skill sets to provide a range of services to our clients in the industry to ensure compliance and maximize business potential across the full spectrum of the industry.
ADDITIONAL CAPABILITIES
Setting up Business in the Region
The opportunities from internationalizing your business have never been greater. We assist clients set up their business registration with the Registrar of companies, provide contact for preparation of memorandum and articles of associations, registration of PIN, registration on i-tax among others.
Information System and Data Security Audits
Reliable security depends on understanding the exposure, weaknesses and the threats that could lead to a breach in the defences that could be exploited to access or damage information systems and data.
corporate Recovery & Insolvency
Challenging economic times inevitably leads to greater risk of companies encountering financial difficulties. Experience of business recovery across a wide variety of industries and circumstances enables us to provide an early assessment of potential solutions to your problems
CORPORATE FINANCE
Valuation is not a simple numbers exercise. A good valuation relies on a blend of data analysis, industry expertise and commercial judgement. We will work to understand your business and industry to ensure we apply the relevant valuation methodologies.
