Investments in EPZs are approved by the EPZ Authority. The Authority is responsible for the issuing of licences and provides a one-stop regulatory approval centre for intending EPZ investors. Several zones , both private and government-owned have been earmarked for EPZ development. These are located in Nairobi, Mombasa, Athi River and Nakuru. Public utilities such as power generation, water supply and telecommunications are now open to foreign investors.
Specific guidelines exist for foreign investors who are interested in oil exploration and mining.
No restrictions currently apply to leasing or ownership of land by foreign-owned companies unless the land is classified as agricultural. This is also applicable to the hotel industry. The allowances are given as tax deductions in the year of expenditure. Depending on the earnings of the business, the investment allowance can produce a tax free holiday of several years. The principal legislation governing the operation of companies in Kenya is the Companies Act.