Fees For Company Registration In Uganda
Company registration is the primary process by which business owners establish or incorporate their company. Since there are several types of companies in Uganda, entrepreneurs have to ensure they choose a business type that suits their operations.
A CRN (company registration number) is a unique code that Companies House uses to help it quickly and correctly identify a company. A CRN is assigned upon incorporation, which means that limited companies and LLPs (limited liability partnerships) must have one.
A registered company is an organisation which is formed and registered with the appropriate statutory authority of the country as a ‘company or corporation’ in accordance with the corporate and securities law of that country.
Fees For Company Registration In Uganda
| Details | Costs (Ugx. & US$) |
|---|---|
| Registration fees of nominal capital of 1M-5M | UGX 50,000 |
| Registration fees of nominal capital exceeding 5M | 1% of Share Capital |
| Stamp duty | 0.5% of share capital on new companies with share capital above 5M |
| Registration of certified copy of memorandum or equivalent | UGX 951904.25 |
Procedures For Company Registration In Uganda
1. Make an application for reservation of a Name
upon payment of the required fee ,the suggested name, is subjected to a search in the business registry database.
Once the name passes the similarity, defensive, offensive ,desirability test then it is reserved.
Reservation is valid for 30 days
2. File the required documents for registering a company
a) Memorandum and Articles of association
The Memorandum of association must state the following:
1. Name of the company
2. Address
3. Object clause
4. Share capital
5. Class, value and number of shares
6. Subscribers, their occupation, postal address and the number of shares subscribed, in case of the company limited by shares
7. Provision for the signature
8. Must be dated and witnessed
9. Where the subscriber to the Memorandum is a corporate entity, the seal of the company be appended
The standard format for the Memorandum of association is provided in the schedule to the Campany Act Cap. 110;
Format for a company Limited by shares is provided for in Table A
Format for a company Limited by Guarantee and not having share capital is in Table C
Format for a company Limited by Guarantee and having share capital in is Table D
Format for an Unlimited company having a share capital is in Table E
The Articles of Association provide the following information
Sets down the rules that govern the internal management of the company
It must be signed by the subscribers
It must state the subscribers names, occupation and address
It must be dated and witnessed
b) Company Form A1- Statement of Nominal capital
This form is mandatory at the initial registration of the company
Must state the share capital, number and class of shares, value of the shares
Must be dated and endorsed by the person filing it
Must be witnessed
c) Company Form A2-Declaration of compliance with the requirements of the Companies Act Cap 110
This form is mandatory and it is a requirement that it signed by the declarant, dated and must be witnessed by a Commissioner for oaths
Payment of the necessary fees
Assessment/payment registration of the necessary or required fee is available at the Business Registry or the client may use the self assessment opinion on the URA portal
Make payments in the bank
Present the documents for registration with the receipt
Registration process begins
Registration of a Public Company
The procedure is as above however;
In addition file a Prospectus or Statement in Lieu of Prospectus which must be cleared by the Capital Market Authority
The Articles of Association will need to specify that the company shall invite the public to subscribe for shares.
Registration of Foreign Companies
These are companies incorporated outside Uganda and are registered in Uganda
The requirements/ procedure are;
File Memorandum and Articles of Association or any other document certified by the Registrar of Companies the Country of origin
File a certified copy of the certificate of incorporation
File company Forms A19,A20,A 21 and A22
Make the payment of registration fees and hand in the documentation for processing at the Business Registry.
Benefits Of Company Registration In Uganda
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.
Steps For Company Registration In Uganda
Search for the business name.
Reserve the Business 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.
Office Location For Company Registration In Uganda
Business Registration Bureaus
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.