The government of Uganda encourages foreign investment and has a fully liberalized foreign exchange system with no restrictions on the movement of profits or monies in and out of Uganda.
The banking system is well regulated and stable. There are no restrictions on amounts to withdraw. Limitations are on the availability of funds at smaller branches of banks.
What type of business can you register in Uganda?
Ugandan law allows for registration of different structures/business entities. We can have a free consultation to guide you through the most viable legal structure to setup in Uganda.
- Memorandum and Articles of Association certified by the Registrar of Companies from the Country of origin
- Certified copy of the certificate of incorporation/ registration from country of origin
- Certified copy(s) of bio pages of Directors passport
- Company Declarations stating: List of Directors and Secretary, statement of all subsisting charges), persons authorised in Uganda, office address. These we can procure for you as a complimentary service.
All business seeking a trading license or any form of authorization necessary for purposes of conducting any business in Uganda are required to have a Tax Identification Number (TIN). The company also registers for Value Added Tax (VAT) if the company has a threshold of over UGX 50,000,000/=.
It is vital to discuss tax planning and structuring to minimize your tax exposure in Uganda.
Uganda’s visa policy is based on the principle of reciprocity. The requirement for non nationals to obtain a visa to visit Uganda varies according to the visitor’s country of origin. After incorporation, you may require a work permit for you to work in Uganda.
There is a difference between entry visa and work permit.
We have successfully procured numerous trade licenses, environmental impact assessment approvals, investment licenses, tax exemptions, tax clearance, quality standard certificates on behalf of our Clients. We welcome a chat with you on the regulatory requirements in Uganda.
This is a social security scheme that is mandatory for certain categories of Employers. Every company /employer with five (5) or more employees must register with NSSF.
It is prudent to plan for workman’s compensation when investing in Uganda. We can guide you through recommended best practice including public liability insurance.
A company seal is used to issue a sense of security and authenticity to protect documents against forgery and to show proof that the decision has been approved by the company.
We are aware that when starting a business you want to ensure everything goes on well from the initial stages. We can offer a comprehensive setup packages to cater for all registration filings, tax planning, preparation of template documents – employment documents, payroll systems, supplier contracts plus negotiation support.
Our Company Secretarial team has 3 dedicated lawyers with 2 support staff to guide you through all the compliance regimes in Uganda.