What Is A Business Permit?
Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government’s geographical jurisdiction. It is the authorization to start a business issued by the local government.
How To Get Business Permit In Uganda?
Registration fees: UGX 100,000. Stamp duty: 0.5 % of shared capital. Stamp duty on Articles of Association: UGX 35,000 ( flat fee).
What Is The Purpose Of Business Permit In Uganda?
The Business Permit is a key compliance document which entitles and enables a business to legally operate and do business in the area in which the business is registered. In short, the Business Permit can be considered as a “licence to operate” within that specific area.
Where Do I Pay My Business Permit In Uganda?
Go to the local Business Permits and Licensing Office of the City Hall or Municipal Hall where your business is located. Fill out an application form. Submit your form together with the requirements for assessment. Once your requirements are approved, pay the Mayor’s Permit fees at the City Treasurer’s Office.
What Are The Benefits Of Having A Business Permit In Uganda?
Helps you avoid legal problems with the government. Secures your reputation as a legitimate business. Builds trust among suppliers, customers, and employees. Allows you to fully market your brand and business everywhere.
How Long Does A Business Permit Take In Uganda?
Depending on your business, obtaining a business license can take as little as a single day or as long as six months.
Does Small Business Need Business Permit In Uganda?
All businesses, whatever the legal form, are required to secure a mayor’s permit or municipal license from the city or municipality where they are located. Permits or licenses are required to ensure that the standards are met and that business complies with the specific requirements of the business locale.
What Is The Importance Of Business Permit In Uganda?
The Business Permit is a way for Local Government Units, barangays and Municipalities in the Uganda to monitor and keep track of all businesses that are operating within their region or jurisdiction.
What Are The Requirements For Business Registration In Uganda?
Register your business in the Bureau of Internal Revenue
DTI Certificate of Registration.
Barangay Business Clearance.
Mayor’s Permit.
Certificate of Lease (if the place is rented) or Certificate of Land Title (if owned)
Government-issued identification (Passport, Driver’s License, Birth Certificate, etc.
Who Needs Business Permit In Uganda?
All businesses, whatever the legal form, are required to secure a mayor’s permit or municipal license from the city or municipality where they are located. Permits or licenses are required to ensure that the standards are met and that business complies with the specific requirements of the business locale.
What Does Business Permit Contain In Uganda?
The Business Permit is a key compliance document which entitles and enables a business to legally operate and do business in the area in which the business is registered. In short, the Business Permit can be considered as a “licence to operate” within that specific area.
How To Apply For A Business License 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.