Foreign Company Registration In Uganda

Foreign Company Registration In Uganda

“Foreign Company” means such any corporation incorporated under the law of a foreign country or such other foreign organization that is of the same kind as the Company or is similar to a Company (Article 2 (ii) of the Companies Act).

As per Section 591 of Companies Act 1956 foreign company means companies incorporated outside India which have established place of business within India where not less than fifty per cent , of the paid –up share capital (whether equity or preference or partly equity and partly preference) of a company incorporated.

In order to start a business in Uganda, as a foreigner, you will need to be; Legally in Uganda. This means that you need to have entered the Country with the preferred documentation. A passport and a visa or another pass as legally required depending on the nature of the business.

Process For For Foreign Company Registration In Uganda

Company Form 20 – Particulars of Directors and Secretaries (Within 14 days) 2. Company Form 18 – Notice of Situation of Registered Office & Postal Address (within 14 days) 3. Company Form 10 – Return of allotment (within 60 days) 4. Form of Annual Return for a company limited by shares (to be filed once every year).

Requirements For Foreign Company Registration In Uganda

Foreign companies must file the following documents with the URSB, together with the registration fees: Certified copies of the memorandum and articles of association or any other document certified by the registrar of companies in the country of origin. Certified copies of certificate of incorporation. Forms A19-A22.

Steps For Foreign Company Registration In Uganda

1. Company Form 20 – Particulars of Directors and Secretaries (Within 14 days)

2. Company Form 18 – Notice of Situation of Registered Office & Postal Address (within 14 days)

3. Company Form 10 – Return of allotment (within 60 days) 4.

Benefit For Foreign 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.

When a company is registered, it is said to be ‘incorporated‘ and a certificate of incorporation is issued. Upon incorporation, the company becomes a body corporate separate from its owners. In other words, the business entity will be recognized under the law as legal and eligible to transact in its own name. This means that the company can, among other things:

a) Own and transfer property;

b) Borrow money and provide security in form of a charge on its assets;and

c) Access to credit incase of expansion from financial institutions.

Cost For Foreign Company Registration In Uganda

Different Uganda entity typesCostDraft invoice
Tax resident LLCUGX 69679391.10View invoice PDF
PLC companyUGX 74629293.20View invoice PDF
Branch of a foreign company74629293.20View invoice PDF

Office Location For Foreign Company Registration In Uganda

Uganda Registration Services Bureau

AddressPlot 5 Goerge Street, Georgian House, P.O.BOX 6848, Kampala
Telephone(+256) 414 258 818
Fax(+256) 414 250 271
E-mailjames.lubwama@ursb.go.ug
Web sitehttp://www.ursb.gov.ug