Best Funds & Asset Management Lawyers in Mombasa

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Adroit Law LLP

Adroit Law LLP

15 minutes Free Consultation
Mombasa, Kenya

Founded in 2021
7 people in their team
English
Business Law & Regulatory Compliance Experts in Kenya | Adroit Law LLPYour Strategic Legal Partner for Business Growth in Kenya and East AfricaAdroit Law LLP is a Nairobi and Mombasa-based boutique law firm trusted by corporate pioneers, fast-growing enterprises, and high-net-worth individuals...

Legal guides written by Adroit Law LLP:

  • Kenya Launches Digital Nomad Visa: A Gateway for Remote Workers
  • Navigating the Payment System License Maze in Kenya
  • The Law of Succession in Kenya: Testate and Intestate Succession

Founded in 1952
50 people in their team
Swahili
English
We are Legal ExpertsDuring our 63 years of existence, we have grown in leaps and bounds, extending and expanding our practice to a comprehensive range of legal services, through our philosophy of service oriented practice.OUR MISSIONTo provide high quality and proficient legal services with...

Founded in 2006
18 people in their team
Swahili
English
Sherman Nyongesa & Mutubia Advocates is situated at Mombasa Trade Centre (formerly known as Ambalal House) Phase I, 5th Floor Nkrumah Road, Mombasa, Kenya.It was formed in 2006 as a result of a merger between two firms; Sherman Nyongesa & Co. Advocates and Godfrey Mutubia & Co....
Obara & Obara Advocates
Mombasa, Kenya

Founded in 2002
50 people in their team
Swahili
English
Obara & Obara Advocates is a well-known and reputable Kenyan legal company that was founded 20 years ago.We are dedicated to delivering exceptional legal services both in and out of court, as well as during and after transactions. Our crew is well-known for its meticulousness, hard effort,...
Mulwa Nduya And Co.
Mombasa, Kenya

Founded in 2000
50 people in their team
Swahili
English
About Mulwa AdvocatesMulwa Nduya & Co. Advocates is a Kenya Law firm founded in the Mombasa County in the year 2000 by Justus Mulwa Nduya Advocate. The firm continues to grow to achieve it vision and mission. We provide legal and business solutions to our clients in Kenya. We have engaged high...

Founded in 2004
50 people in their team
Swahili
English
Our ServicesAmeli Inyangu and Partners specializes in provision of services to individuals and corporates in all aspects of commercial law. We are a medium sized firm with whom clients can deal on terms of familiarity and trust. Our lawyers have experience in commercial law and have...
Omar Said & Co. Advocates
Mombasa, Kenya

Founded in 2018
50 people in their team
Swahili
English
FIRM OVERVIEWOSA is a law firm offering corporate and legal consultancy which opened its doors in Mombasa on 1st April, 2018 by Omar Said Hemed Advocate whom after working in Africa’s leading law firm, Anjarwalla & Khanna Advocates for eleven (11) years felt that the legal market was ready...

Founded in 1952
50 people in their team
English
A.B. Patel & Patel’s wealth of experience and tradition of excellence dates back to 1922 when the late Mr. Ambalal Patel, a Barrister from India came to and settled in Mombasa and was enrolled to the Kenyan Bar. Later that same year, his son, the late Mr. Chimanlal A. Patel, was also enrolled...

Founded in 2010
50 people in their team
Swahili
English
WHO WE AREEstablished in 2010, Gikera & Vadgama Advocates (GVA) has become one of Kenya’s leading law firms with an increasing presence in the East African region. Combining time-honored traditions of excellent & personalized service with a bold and dynamic vision for the future of legal...

Founded in 2010
50 people in their team
Swahili
English
KINYUA, MUYAA & CO. Advocates was registered in June, 2010. It is a compact law firm that has taken its rightful place in the private practice of law in Kenya. The firm is based in Mombasa and was set up to provide specialized legal service to its clients here at Mombasa and elsewhere and...
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About Funds & Asset Management Law in Mombasa, Kenya

Funds and asset management in Mombasa, Kenya involves the professional management of various investment assets such as stocks, bonds, real estate, collective investment schemes, and other securities. Both individuals and institutions require guidance to ensure compliance with Kenyan laws and to safeguard their investments. The sector is regulated by national legislation and supervised by authorities such as the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA). Because of Mombasa’s role as an important economic hub and gateway for international trade, asset management services are a vital part of its financial landscape.

Why You May Need a Lawyer

A specialized funds and asset management lawyer in Mombasa can be crucial in many circumstances. Some common situations include:

  • Setting up investment funds, unit trusts, or collective investment schemes.
  • Drafting and reviewing investment or fund management agreements.
  • Ensuring regulatory compliance with bodies like the CMA and RBA.
  • Navigating cross-border investments and taxation issues specific to foreign investors operating in Kenya.
  • Resolving disputes between investors and fund managers.
  • Handling due diligence when acquiring or divesting assets.
  • Advising on anti-money laundering (AML) and know your customer (KYC) procedures.
  • Assisting with restructuring or liquidation of funds or portfolios.
  • Protecting beneficiary and investor rights in cases involving estate planning, trusts, or pension management.

Local Laws Overview

In Mombasa, the framework for funds and asset management is shaped largely by national legislation, with strict oversight to promote transparency and protect investor interests. Key laws and regulations include:

  • Capital Markets Act - Establishes the CMA and sets out the legal framework for investment funds, licensing of fund managers, and investor protections against fraud and mismanagement.
  • Retirement Benefits Act - Governs the management of pension funds and schemes, providing security for contributors and regulating trustees and administrators.
  • Trustee Act - Outlines the duties and powers of trustees, particularly important for collective investment schemes and estate management.
  • Investment Promotion Act - Encourages and regulates both local and foreign investments, including approvals required for large-scale investments in assets.
  • Anti-Money Laundering Laws - The Proceeds of Crime and Anti-Money Laundering Act demands stringent KYC processes for all investment activities.

In addition to the above, specific guidelines may apply to Islamic finance products, real estate investment trusts (REITs), and insurance-based investment products. It is essential to remain updated as regulatory requirements may shift based on market and policy changes.

Frequently Asked Questions

What is the role of a fund manager in Kenya?

A fund manager is a licensed professional or company responsible for managing investment funds on behalf of clients, making key decisions on portfolio composition and risk management, all within the legal boundaries set by the CMA.

Do I need approval to start a collective investment scheme in Mombasa?

Yes, you must obtain a license from the Capital Markets Authority, which involves meeting strict compliance, transparency, and financial requirements.

Are there restrictions for foreigners investing in Kenyan funds?

Foreign investors are generally welcome, but certain sectors have limitations, and you must comply with disclosure requirements and, where applicable, the local ownership rules.

How can disputes between investors and fund managers be resolved?

Such disputes can often be settled through negotiation or mediation, but if unresolved, they may proceed to arbitration or the Kenyan courts, depending on the terms of the investment contract.

What are the tax implications of investing in Mombasa-based funds?

Tax treatment varies based on the type of fund, your residency status, and the nature of your investment income. It is advisable to consult a tax professional or lawyer for tailored advice.

How is my investment protected under Kenyan law?

Regulations require fund managers to segregate client assets, conduct regular reporting, and adhere to ethical investment standards. The CMA and other regulators provide oversight and take action against misconduct.

What is required for compliance with anti-money laundering laws?

You will need to provide verified personal details and proof of funds source. Fund managers must implement strict monitoring to detect and report any suspicious activity.

Can I invest in offshore funds from Mombasa?

Yes, but you must comply with both Kenyan regulations and those of the foreign jurisdiction, including currency control and disclosure rules.

What are the main risks involved in asset management?

These include market risk, liquidity risk, mismanagement, legal and regulatory risks, and fraud. Legal counsel and due diligence can help mitigate many of these risks.

How do I verify if a fund manager or entity is licensed in Kenya?

You can check the Capital Markets Authority’s official register or contact them directly for confirmation before engaging with any asset manager.

Additional Resources

If you need further guidance or wish to learn more, the following organizations and resources are relevant for funds and asset management in Mombasa:

  • Capital Markets Authority (CMA) - Regulates securities, fund managers, and collective investment schemes.
  • Retirement Benefits Authority (RBA) - Oversees retirement and pension funds.
  • Kenya Association of Stockbrokers and Investment Banks (KASIB) - Provides industry news and resources.
  • Kenya Revenue Authority (KRA) - For tax-related inquiries on investments.
  • Law Society of Kenya - For referrals to qualified lawyers specializing in funds and asset management.

Next Steps

If you are considering investing, establishing a fund, or seeking to resolve an asset management issue in Mombasa, the following steps are recommended:

  1. Define your investment objectives and legal requirements.
  2. Consult with a qualified funds and asset management lawyer to review your plans or any documents.
  3. Ensure any fund manager or entity you engage is properly licensed and regulated.
  4. Prepare the necessary documents for compliance, licensing, or dispute resolution needs.
  5. Follow up with relevant regulators for specific guidelines or approvals as needed.

Seeking professional legal guidance can minimize risks, ensure compliance, and help you make the most of investment opportunities in Mombasa, Kenya.

Lawzana helps you find the best lawyers and law firms in Mombasa through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Mombasa, Kenya - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.