Requirements For Company Registration In Uganda
Company Registration in Uganda is done by The Uganda Registration Services Bureau, an autonomous statutory body established by Chapter 210 Laws of Uganda in 1998. under Section 4 of URSB Act the Bureau is mandated to Carry out all registrations required under the relevant laws. Registration is the process by which a company files required documents with the Securities and Exchange Commission (SEC), detailing the particulars of a proposed public offering. The registration typically has two parts: the prospectus and private filings.
It enhances your identity and adds credibility to your operation: Registering a business makes it easy for potential customers to identify you as a legitimate operation. It attracts business and funding opportunities: To qualify for a business loan, you must have an official business registration. Certified copies of Memorandum of Articles of Association/Charter/ Constitution and Certificate from the country of origin duly witnessed. Registration forms: Form 24 – Particulars of Directors and Secretary. Form 13 – Statement of all subsisting charges. You will be able to register for Corporation Tax when you register with Companies House. But if you have only registered your company, you must register for corporation tax within three months of when you started trading.
Safeguard your business name by acquiring a trade name. Access opportunities like loans, tenders, financing etc. Business formalization creates more employment opportunities through business expansion. Enables registration for licenses e.g Investment, trading and taxation licenses. The purpose of registration of a document is to give ‘notice to the world’ of a certain property document having been executed. Record keeping is another important function of registration offices and these records are permanent for all practical purposes.
Requirements For Company Registration In Uganda
Search for the Company name.
Reserve the Company Name.
Obtain Certificate of Incorporation.
Obtain an Investment License.
Obtain a Taxpayer Identification Number (TIN)
Obtain a Trading License.
Register with National Social Security Fund (NSSF)
Make a Company Seal.
Search and Apply for Reservation of Your Preferred Company Name
You will first need to search for a business name. Identify at least three name options. You will then need to fill in a Name Reservation Form. Your suggested company name will be subject to search in the business registry database for a similarity, desirability, offensive, and defensive test. The company name is then reserved for 30 days upon passing the test. You will be required to provide Company Name assessment forms.
Membership Subscription
After reserving a company or business name, you need to register for membership with the Uganda National Chamber of Commerce and Industry (UNCCI). There are several categories (associate, gold, and silver) of membership subscriptions where you will be required to make annual payments. The documents needed for full registration as a member of the Uganda National Chamber of Commerce are;
Certified Name Reservation Form given by the Uganda Registration Service Bureau
A Business Case
A passport copy of one of the company directors
Obtain a Certificate of Incorporation
Registration to obtain a certificate of incorporation is also done through the Uganda Registration Service Bureau. Requirements are Company Books, Memorandum of Agreement, Articles of Association, Company Resolutions, and Declaration of Companies using forms A1, A2, A3, 7, and A9.
Registration for a Tax Identification Number (TIN)
The registration for a Tax Identification Number is done through the Uganda Revenue Authority (URA). If you choose to fill the application forms online on the URA website, you’ll still need to visit a URA office for complete registration. At the offices, you will be required to provide Personal Inquiry Forms for each company director. This registration is free.
Registration for Value Added Tax (VAT)
Upon obtaining a Tax Identification Number, you will need to register for Value Added Tax with the Uganda Revenue Authority if the company has a threshold of over UGX 150,000,000/-. You will also need to fill in a Statement of Nominal Capital Form stating the share capital, number, class of shares, and value of shares. VAT registration is free.
Registration for a Trading License
Registering for a trading license is done with the municipal authorities where the company is located. For example, if a company is in Kampala, it should be registered from the Kampala City Council Authority (KCCA) offices or download the application form from the KCCA website. Registration fees depend on the type of business one intends to run. You can also download and print the standard forms online through the City Operator Identification Number (COIN) system and then submit to the Municipal Council along with the Memorandum of Understanding and Articles of association, Form 7 showing names of company directors, a Certificate of Incorporation and a Lease or Tenancy Agreement.
Register With National Social Security Fund (NSSF)
Registering with the National Social Security Fund is essential, especially if the company will employ more than 5 employees since it will have to pay a 10% NSSF to its employees. You can choose to complete this process personally or get help from a lawyer at an affordable cost. You will only need to avail the required information to complete the process. Employer application forms are available at your local NSSF office and on the NSSF website.
Make a Company Seal
Every company set to carry out its activities must have a Company Seal. According to Section 117 (b) of the Companies Act 2012, every company should have its name engraved on its seal. A company seal is used to authenticate official company documents. The processing time of a company seal is within 1 day. It is done through the Seal Maker Agency in Uganda.
How Much Does It Cost to Register a Company in Uganda?
The following are the fees for company registration in Uganda
| Process | Charges in UGX |
| Company Name Reservation | 20,000 & 2,200 bank fee |
| Membership Subscription | Annual subscription:Associate = 1,100,000Gold = 510,000Silver = 260,000 |
| Certificate of Incorporation | Registration fees: 20,000Stamp duty: 0.5 % of the share capitalStamp Duty on Memorandum & Articles of Association: 35,000 plus filling gees of 25,000Filling Form A3: 20,000Filling Form 7/20: 20,000Filling Form A9: 20,000Filling Form A2: 10,000 |
| Tax Identification Number | No charges |
| Value Added Tax | No charges |
| Trading License | Charges depend on the nature of business and grade |
| NSSF | No charges |
| Company Seal | 225,000 |
Registration of Foreign Companies
Foreign companies are companies incorporated outside Uganda and are registered in Uganda. The registration requirements are as follows;
Certified copies of Memorandum and Articles of Association/ Charter of the company or any other relevant documents certified by the Registrar of companies from the country of origin.
A certified copy of the certificate of incorporation.
Foreign investors will need to obtain an Investment License from the Uganda Investment Authority (UIA). You can apply for the license online.
Foreign companies will also be required to file company Forms A19, A20, A21, and A22.
Hand in the documentation for processing at the Business Registry upon payment of registration fees.
Upon obtaining all the official documents for operating a business in Uganda, you can open a bank account in any commercial bank. You will need to have a Post Office Box Number through which parcels, documents, or physical items can be addressed to your company. Choose an appropriate logo or stamp for your company to give it a corporate look. You can then recruit staff and start running your company without any limitations.
Office Location For Company Registration In Uganda
Headquarters. Plot 5 George Street, Georgian House, P.O. Box 6848 Kampala Uganda. Phone: +256 414 233 219. Call center +256 417 338 100. Whatsapp: +256 712 448 448. Toll free: 0800 100 006. Email: ursb@ursb.go.ug. Web: www.ursb.go.ug.
Conclusion
Uganda has an extensive entrepreneurial community, and its land-linked location positions it strategically for regional trade. However, you will need to go the extra mile to ensure proper business management for a successful business.