Two Rivers International Finance & Innovation Centre (TRIFIC)

Two Rivers International Finance & Innovation Centre (TRIFIC) is the first-ever privately-owned business services

Special Economic Zone (SEZ) in Kenya, offering new and exciting prospects for global, regional, and Kenyan service-oriented business enterprises seeking a base to access international markets competitively.

Two Rivers International Finance & Innovation Centre is the ideal place to work, grow, collaborate, connect, live, and enjoy.

 

What is a Special Economic Zone (SEZ)?

Special Economic Zones in Kenya are governed by the Special Economic Zone Authority (SEZA) and they are set up as a means of realizing the country's economic potential by creating a favorable business environment for investors and enterprises to set up. Special Economic Zones are delineated special zones that provide integrated infrastructure facilities, and business-friendly regulations and incentives. Special Economic Zones in Kenya are defined and operated under the SEZ Act 16/2015.

 

 

Corporate Tax

On foreign Sourced Income: 0%

On domestic Sourced Income 10% for the first 10 years

Repatriation Tax – Dividends 0%

VAT 0% on supply of taxable goods and services.

 

Talent Mobility

Entitled to work permits/visas for foreign nationals up to 20% of full-time employees.

 

Profit Repatriation

SEZ enterprises can fully repatriate all capital and profits without any foreign exchange impediments

 

Exemptions On:

• Stamp Duty

• Payment of advertising fees and business service permit fees

• Excise Duty

• IDF / RDL

• Import declaration fees

 

Target Service Sectors:

  • Banking & Financial Services
  • Fintech
  • Digital Technology & Innovation
  • Business Process Outsourcing (BPO)
  • Shared Services
  • Professional Services including
  • Consulting
  • Legal Firms
  • Corporate Headquarters
  • Centres of Excellence
  • Communications
  • Insurance
  • Investment
  • Media & Entertainment
  • Entrepreneurs
  • Special Purpose Vehicles
  • Associations
  • NGOs
  • Hospitality & Conferencing
  • Healthcare

 

At Two Rivers International Finance & Innovation Center, they are creating a hub for global enterprises to tap into global and local talent to offer high-quality services at competitive prices across the globe, leveraging the following six advantage elements:

1. An international-caliber ecosystem with world-class infrastructure, facilities, and strategic location

2. Business-friendly enabling policies and facilitation services

3. An attractive and competitive fiscal regime

4. A cosmopolitan, holistic lifestyle urban node with world-class amenities befitting of global talent needs

5. Access to a deep pool of highly competent human capital in Kenya

6. Kenya’s advanced and pioneering digital infrastructure and entrepreneurship

 

Why Africa?

1-Africa is the youngest continent in the world with 60% of the population under the age of 25

2-Africa is the last and largest emerging market and offers the last big supply chain and consumer prospects with opportunities much like the ones we saw in Southeast Asia 20 years ago.

3-Africa provides strong market fundamental growth opportunities behind the services sector:

  • Urbanization & Rising Middle Class – Business services can attract elevated levels of inward investment, as urbanizing populations and rising consumer demand stimulate corporate activity across Africa
  • Digitization – The telecoms and technology sectors are attracting investor attention driven by Africa’s increasing pace of digitization and modernization of telecoms networks
  • Financial Inclusion – FinTech remains the largest beneficiary of investments across financial services, as a substantial portion of Africa’s population remains unbanked and financially excluded from the economy, creating enormous potential for investors in this sector.

 

Why Two Rivers?

At Two Rivers International Finance & Innovation Center, we are creating a hub for global enterprises to tap into global and local talent to offer high-quality services at competitive prices across the globe, leveraging the following six advantage elements:

  • An international-caliber ecosystem with world-class infrastructure, facilities, and strategic location
  • Business-friendly enabling policies and facilitation services.
  • An attractive and competitive fiscal regime.
  • A cosmopolitan, holistic lifestyle urban node with world-class amenities befitting of global talent needs
  • Access to a deep pool of highly competent human capital in Kenya.
  • Kenya’s advanced and pioneering digital infrastructure and entrepreneurship.

 

Two Rivers is located in the heart of one of the most valuable residential and commercial areas in Nairobi, giving easy access to skilled labor markets and lifestyle amenities.

  • The site lies in the diplomatic blue zone with affluent neighborhoods within a 10 radius including Runda, Rossyln, Gigiri, Kitisuru, Kyuna, Muthaiga, Nyari, Peponi, Westlands, Highridge, US Embassy, the United Nations Headquarters, other country embassies, and many international schools are all within a 10-minute driving distance
  • The development is well linked to a wider catchment area within the Nairobi Metropolitan Region and is only 30 minutes away from the Jomo Kenyatta International Airport
  • The Western Bypass connects the Northern side adjacent to the development and the Southern Bypass at Gitaru. This road links Two Rivers and key market hubs in Lavington, Karen, and Westlands.

 

Requirements for Enterprises setting up in Two Rivers International Finance & Innovation Centre (SEZ).

The enterprise applicant must meet the following requirements:

• Must be a company incorporated in Kenya

• Must have the financial capacity and technical expertise to carry out the SEZ proposed operations

• Must own or lease land or premise within an SEZ to set up its operations

• The company’s operations must create employment opportunities for the local residents

• The operations of the company should not have a negative impact on the environment or engage in activities that are a threat to national security

 

 

Getting an Enterprise SEZ Licence:

In collaboration with Kenya’s Special Economic Zone Authority (SEZA), the TRIFIC’s Business Centre team works closely with enterprises during their licensing application process and provides all the necessary support to achieve the best outcomes.

Services provided by the TRIFC Business Centre include:

  • Information and application forms for licensing
  • Liaison with the Special Economic Zone Authority and other key government agencies
  • SEZ Enterprise Licence Facilitation
  • Office space requirements and leasing facilitation
  • Housing requirements and leasing facilitation
  • Enterprise and expatriate onboarding

 

 

Updated on: 20/02/2024