Kenya is located in East Africa and has a free enterprise economy with Nairobi as its capital city. It has several tax treaties and investment promotion agreements. Kenya Investment Authority (KenInvest) was established to promote investment by assisting new projects and providing aftercare services. An investor can choose to operate 100% owned or partner with local investors, with some exceptions. Companies are required to obtain licenses depending on their activities. Corporate tax is 30% and VAT is 16%, with personal tax at 10% up to 121,969 Kshs. Incorporating a limited liability company takes 8-10 weeks and requires a minimum share capital of 100,000 Kshs.