Online Business Name Registration In Uganda
The specific meaning of business name registration is to submit your business name to your state to get it on their registry of business names. The Bureau is mandated under the Uganda Registration Services Bureau Act Cap 210 to register all business entities in Uganda which are required by law to be registered. The directorate of Business Registration is responsible for the registration of : Public/Private companies. Foreign companies.
It is necessary to register your single proprietorship business with the DTI to provide it with a legal identity and gain the rights to use your business name. Remember that a business name (BN) registration is not a license to operate a business. The key difference between a company name and a business name is that a registered business name is the name in which a venture operates under. A company name, however, is a legal entity on its own.
Procedure For Online Business Name Registration In Uganda
Identify at least 3 name options.
Fill in a Name Reservation form, which can be obtained from the physical One Stop Centre (OSC) at Uganda Investment Authority (UIA); the Uganda Registration Services Bureau (URSB) offices or portal; or at the Uganda Bookshop.
Submit a filled form with proof of payment Cost: UGX 2200 paid to URSB bank account which can be obtain at ant bank
The officer carrying out the registration will then carry out the name search and reservation then reserve your business name within 1 day
Reserve the Business Name
To reserve a company name, the entrepreneur submits the Business Name Reservation Form to the assessment window of the Uganda Registration Services Bureau (URSB).and pay the name reservation fees Cost: UGX 20,000 paid at the (URSB) bank account which can be obtain at ant bank
Upon payment of the required fee, the suggested name is subjected to a search in the business registry database. If the name passes the similarity, defensive, offensive, and desirability tests, it is reserved for a period of 30 days. There are name-reservation books where the entrepreneur can search and check whether the desired name was approved or rejected and for what reasons. This process takes a period within 2-4 days
Issue of business certificate
Your business will be registered on which you will receive a certificate of business name registration and its number
Required Documents For Online Business Name Registration In Uganda
Company name
Accurately filled Assessment forms
Valid Identification document(National ID card, passport
Eligibility For Online Business Name Registration In Uganda
Citizens and foreigner investors who wish invest in Uganda by opening a company
Fees For Online Business Name Registration In Uganda
Company/business name search registration fees – ug.x2, 200
Reservation of the name fees – ugx.20, 000
Validity For Online Business Name Registration In Uganda
Valid is Forever until the owners decide to De-register or dissolve the company
Documents to Use For Online Business Name Registration In Uganda
URSB COMPANY REGISTRATION FORMS
Processing Time For Online Business Name Registration In Uganda
2 -3 working days
Instructions For Online Business Name Registration In Uganda
Types of business names that get rejected:
Immoral names
Vulgar names
Names similar to existing ones by spelling or pronunciation,
Names associated with government or countries,
Abbreviations.
Required Information For Online Business Name Registration In Uganda
Name of the company/business
Type of business (public or private company)
Operating location address of the business
Email address/number of the applicant
Need for the Document For Online Business Name Registration In Uganda
Registering your business/company is a legal requirement as stipulated by the Uganda company act, in which guidelines the manner and activities to operate the company
BENEFITS For Online Business Name Registration In Uganda
Obtain legal Identity/status
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.
Better marketing and advertising opportunities for increased clientele
Improved competitiveness in the regional market
Office Locations & Contacts For Online Business Name Registration In Uganda
Uganda Registration Services Bureau
Plot 5 George Street, Georgian House
P.O.Box 6848 Kampala Uganda
URSB General Line: +256 414 233 219
Registrar General: +256 414 235 915
Fax: fax Line: +256 414 250 712
E-mail : ursb@ursb.go.ug
Website: URSB
Other branches
Kampala
Posta Uganda Main office,
Kampala Road Booth 2 & 3.
UIA Offices, Twed Plaza
(1st Floor) Lumumba Avenue.
Nakivubo – Sekaziga House Floor 1, Nakivubo mews.
Mbale – Plot 3, Park Crescent.
Ministry of Justice and Constitutional Affairs
Mbarara– Plot 1, Kamukuzi Hill
Gulu – Plot 6B Princess Road
Arua – Plot 42/44 Packwach road
Uganda Revenue Authority (URA)
P.O BOX 7279
KAMPALA(U)
TEL: 0417-442054
E-mail: info@ura.go.ug
Website:[ http://www.ura.go.ug Uganda revenue authority]
The investment Uganda centre
Plot 22B Twed Plaza
Lumumba Avenue ,Nakesero
P.OBOX 7418 Kampala
Email address.ifo@ugandaivest.go.ug
General line: 0414301000
One stop centre: 0417788300